Senior Treasury Analyst, FX and Commodities
4 weeks ago
About us
We see a future where everyone can live and move without limitations. That’s why we are developing technologies, systems and concepts that make vehicles safer and cleaner, while serving our communities, the planet and, above all, people.
Forward. For all.
Group Summary
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.
About the Role
The Treasury group is responsible for the management of global funding, capital raising, liquidity management and various aspects of risk management - including currencies, interest rates, market access, retirement programs and strategies that manage the protection and safeguarding of assets through insurance programs. The group is also responsible for providing guidance to senior management and the Board on macroeconomic conditions and their implications for Magna’s business.
We are looking to hire a Senior Treasury Analyst who will report directly to the Director of FX and Commodity Risk. The role will support the daily FX requirements for Magna’s divisions in the Americas, strategic FX hedging program, and help expand the Commodity hedging program. The Senior Treasury Analyst will play an active role in driving the business forward through technology projects including automating workflows. They will also be work with internal and external parties to provide quarterly and year-end reporting.
Your Responsibilities
FX Execution: Execute FX requests in the market from various divisions in the Americas as well as the corporate groups; Conduct daily FX reconciliation and reporting; Execute hedging transactions using Chatham and 360T platforms FX Forecasting and Reporting: Collaborate with FX director to devise hedging strategies for various group; Collect and review quarterly exposure reports; Advise Business Units (BUs) on effective hedging strategies; Reconcile exposure forecasts for accuracy Commodity Exposure Management: Develop global hedging strategies; Work with the Director and other team members on hedging strategies for the various divisions globally; Advise Business Units (BUs) on effective hedging strategies and reviewing Mark-to-Market (MTM); Hedging execution: Reconcile exposure forecasts for accuracy, Execute hedges with Liquidity Providers and book them in Bloomberg MARS, Explore automation for transaction confirmation to BUs Treasury Technology Initiatives: Create and explore new technology initiatives; Work with the Director and other team members to scope out and drive future technology initiatives; Collaborate with the technology team to increase efficiencies and automate workflows; Initiate longer-term projects focused on automating division forecasts and exposure management.Who we are looking for
A degree with a focus on quantitative skills, such as math, engineering, computer science, finance or business Post graduate qualifications are desirable but not required The ideal candidate does not have to have specific knowledge in Treasury or Risk Management but must be proficient in, or have a strong understanding of the following areas: Macroeconomics, Econometrics, Quantitative skills, Advanced proficiency in Excel, medium to advanced skills in python is a plus Experience working with financial platforms such as Chatham Financial, Bloomberg and FX Book of Record systems is a plusYour preferred qualifications
Minimum 2 -5 years of work experience in an analytics role Ability to work with other people – in person and virtualWhat we offer
At Magna, you can expect an engaging and dynamic environment where you can help to develop industry-leading automotive technologies. We invest in our employees, providing them with the support and resources they need to succeed. As a member of our global team, you can expect exciting, varied responsibilities as well as a wide range of development prospects. Because we believe that your career path should be as unique as you are.
Site Benefits
Remote work policy in effect Wellness programs and events On-site cafeteria Parking for electric vehicles Access to private park for employees & their familiesAccommodations for disabilities in relation to the job selection process are available upon request.
Candidates will be required to complete a Criminal Records Check and, if deemed necessary, a Credit Check as part of the candidate selection process
Awareness. Unity. Empowerment.
At Magna, we believe that a diverse workforce is critical to our success. That’s why we are proud to be an equal opportunity employer. We hire on the basis of experience and qualifications, and in consideration of job requirements, regardless of, in particular, color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability or gender identity. Magna takes the privacy of your personal information seriously. We discourage you from sending applications via email to comply with GDPR requirements and your local Data Privacy Law.
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