Dir-Treasury
Company Name:
Marriott International
Director-Treasury
It's a powerful feeling, to belong. It's inspiring people to do more than they thought they could. It's leading the way by rolling up your sleeves to accomplish a common goal. It's taking a passion and turning it into your vision. Belonging is what it feels like to work at Marriott. If this sounds like the place for you, join us.
Responsibilities include: Provide leadership to the Company in the area of financial risk management analysis, implementation of risk mitigation strategies, and deal execution. Coordinate cross-over function between financial risk management and global cash management (specifically cash and FX transactions).
DETAILED DUTIES:
Monitor and evaluate FX and Interest Rate exposures.
Develop and implement cost-effective hedging strategies to mitigate exposure to significant FX and Interest Rate risk.
Execute and manage all spot and hedge related FX and interest rate trading. Marriott's FX hedging program represents $8B in annual trades protecting over $300M of FX exposure.
Structure hedges to achieve optimal accounting treatment in accordance with FAS 52 and 133, partnering with Treasury Accounting Services and Accounting Policy.
Responsible for monthly currency rates for accounting and forecasting purposes.
Responsible for monthly Interest Rate forecasts.
Develop and maintain a framework for assessing counterparty credit risk.
Review and negotiate International Swaps and Derivatives Association (ISDA) agreements with counterparty banks.
Negotiate and structure Letters of Credit on behalf of business units coordinating issuance with revolver banks. Manage portfolio of outstanding Letters of Credit, including preparing quarterly reports; and processing amendments, renewals, and cancelations.
Lead hedge committee meetings. Prepare Annual Risk Management Plan and hedge approval memorandum as needed.
Assist in global treasury system implementation.
Play leadership role in analyzing and managing international cash flow/cash needs and investments as they relate to foreign currency funding and long term international capital structure decisions.
Provide guidance throughout the organization on FX and capital markets issues.
Ensure Marriott complies with applicable derivative regulatory requirements.
Other tasks as deemed necessary.
EXPERIENCE/EDUCATION:
BS/BA in applicable field; MBA/MPA preferred
CTP/CCM preferred
Minimum of 8 years of progressive financial management experience
Minimum of five years exposure to international capital markets and FX markets preferred.
Minimum of five years international accounting or foreign currency accounting preferred.
Minimum of five years global treasury or international banking experience preferred.
Extensive experience with banking software and financial modeling tools preferred.
Extensive experience with derivatives valuation models preferred.
PERSONAL ATTRIBUTES AND COMPETENCIES:
Creates a customer service environment within the organization and develops effective internal and external customer relationships.
Ability to make decisions under pressure.
High attention to detail.
Strong overall communication skills; ability to communicate with various levels of the organization and with outside service providers.
To submit your application for this job, please go to: https://marriott.taleo.net/careersection/2/jobsearch.ftl?lang=en
Marriott International is consistently recognized as an employer of choice around the globe by FORTUNE and Working Mother magazines, DiversityInc, Great Places to Work Institute, and the CRF institute among others. Visit our newsroom to learn more: news.marriott.com
Connect and network online with us:
www.facebook.com/marriottjobsandcareers
www.twitter.com/marriottcareers
www.linkedin.com/company/marriott-international
www.weibo.com/marriottcareers
Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.Estimated Salary: $20 to $28 per hour based on qualifications.
Marriott International
Director-Treasury
It's a powerful feeling, to belong. It's inspiring people to do more than they thought they could. It's leading the way by rolling up your sleeves to accomplish a common goal. It's taking a passion and turning it into your vision. Belonging is what it feels like to work at Marriott. If this sounds like the place for you, join us.
Responsibilities include: Provide leadership to the Company in the area of financial risk management analysis, implementation of risk mitigation strategies, and deal execution. Coordinate cross-over function between financial risk management and global cash management (specifically cash and FX transactions).
DETAILED DUTIES:
Monitor and evaluate FX and Interest Rate exposures.
Develop and implement cost-effective hedging strategies to mitigate exposure to significant FX and Interest Rate risk.
Execute and manage all spot and hedge related FX and interest rate trading. Marriott's FX hedging program represents $8B in annual trades protecting over $300M of FX exposure.
Structure hedges to achieve optimal accounting treatment in accordance with FAS 52 and 133, partnering with Treasury Accounting Services and Accounting Policy.
Responsible for monthly currency rates for accounting and forecasting purposes.
Responsible for monthly Interest Rate forecasts.
Develop and maintain a framework for assessing counterparty credit risk.
Review and negotiate International Swaps and Derivatives Association (ISDA) agreements with counterparty banks.
Negotiate and structure Letters of Credit on behalf of business units coordinating issuance with revolver banks. Manage portfolio of outstanding Letters of Credit, including preparing quarterly reports; and processing amendments, renewals, and cancelations.
Lead hedge committee meetings. Prepare Annual Risk Management Plan and hedge approval memorandum as needed.
Assist in global treasury system implementation.
Play leadership role in analyzing and managing international cash flow/cash needs and investments as they relate to foreign currency funding and long term international capital structure decisions.
Provide guidance throughout the organization on FX and capital markets issues.
Ensure Marriott complies with applicable derivative regulatory requirements.
Other tasks as deemed necessary.
EXPERIENCE/EDUCATION:
BS/BA in applicable field; MBA/MPA preferred
CTP/CCM preferred
Minimum of 8 years of progressive financial management experience
Minimum of five years exposure to international capital markets and FX markets preferred.
Minimum of five years international accounting or foreign currency accounting preferred.
Minimum of five years global treasury or international banking experience preferred.
Extensive experience with banking software and financial modeling tools preferred.
Extensive experience with derivatives valuation models preferred.
PERSONAL ATTRIBUTES AND COMPETENCIES:
Creates a customer service environment within the organization and develops effective internal and external customer relationships.
Ability to make decisions under pressure.
High attention to detail.
Strong overall communication skills; ability to communicate with various levels of the organization and with outside service providers.
To submit your application for this job, please go to: https://marriott.taleo.net/careersection/2/jobsearch.ftl?lang=en
Marriott International is consistently recognized as an employer of choice around the globe by FORTUNE and Working Mother magazines, DiversityInc, Great Places to Work Institute, and the CRF institute among others. Visit our newsroom to learn more: news.marriott.com
Connect and network online with us:
www.facebook.com/marriottjobsandcareers
www.twitter.com/marriottcareers
www.linkedin.com/company/marriott-international
www.weibo.com/marriottcareers
Marriott International is an equal opportunity employer committed to hiring a diverse workforce and sustaining an inclusive culture. Marriott International does not discriminate on the basis of disability, veteran status or any other basis protected under federal, state or local laws.Estimated Salary: $20 to $28 per hour based on qualifications.
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