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Treasury Manager- FX, Deloitte Global



Accounting & Finance
Ontario, Canada
Posted on Tuesday, January 31, 2023

Job Type: Permanent
Reference code: 122966
Primary Location: Toronto, ON
All Available Locations: Toronto, ON; Burlington, ON; Calgary, AB; Kanata, ON; Ottawa, ON

Our Purpose

At Deloitte, we are driven to inspire and help our people, organization, communities, and country to thrive. Our Purpose is to build a better future by accelerating and expanding access to knowledge. Purpose defines who we are and gives us reason to exist as an organization.

  • Enjoy flexible, proactive, and practical benefits that foster a culture of well-being and connectedness.
  • Experience a firm where wellness matters.
  • Be expected to share your ideas and to make them a reality.

Do you thrive on developing creative and innovative insights to solve complex challenges? Want to work on next-generation, cutting-edge products and services that deliver outstanding value and that are global in vision and scope? Work with premier thought leaders in your field? Work for a world-class organization that provides an exceptional career experience with an inclusive and collaborative culture.

What will your typical day look like?

The Deloitte Global Finance Team supports our internal clients and Deloitte Global member firms in a Business Advisor capacity with specific focus on strategic insights and initiatives, collaboration and financial reporting and analysis.

We are currently looking for a manager with in-depth and broad expertise in a variety of treasury operations areas – FX hedging, cash management and investments, cash-flow forecasting. In this role, you will oversee the day-to-day management of our cash management and foreign exchange operations and provide strategic support to the Senior Manager and Director with regards to all aspects of treasury management.

This role is responsible for the following:

  • FX - Assess, manage, and mitigate foreign currency risk:
    • Keep abreast of latest trends in the foreign exchange markets.
    • Manage cash flow hedging program including execution, reporting, performance and controls.
      • Manage and enhance current process related to the collection and monitoring of FX exposures.
      • Perform FX exposure analysis (including sensitivity and other modelling analysis)
      • Execute trades on 360T platform.
      • Manage post trade activity (confirmations and reconciliations)
      • Report on the effectiveness of the hedging program
      • Understand regulatory environment.
      • Understand hedge accounting.
  • Cash Management – cash management activities and provide insights:
    • Manage Cash positioning, cash/cash flow forecasting, cash reconciliations, avoidance and resolution of exception items, and support of the banking administration function. This role also includes back office and settlement activities for debt, investment and foreign exchange transactions, inter-company transactions, and short-term investments.
      • Preparation of a rolling forecast, including scenario analysis
      • Preparation of long-term forecast (P&L, Balance Sheet, Cash Flow)
      • Preparation of deliverables for senior leadership meetings
    • Other activities include preparing and releasing payments, confirming, verifying, and reconciling daily activity with counterparts.
    • Manage debt obligations and covenant compliance.
  • Participate in the development of Corporate Treasury Accounting policies and procedures and internal control requirements and ensure compliance with these.
  • Support ad-hoc requests of senior management
  • Provide support during internal and external audits.
  • Contribute to the implementation of a treasury management system (SAP)
  • Manage metrics dashboard tracking group and third-party activities and process cycle time analyses.
  • Maintain all data and process documents current.
  • Recommend, implement, and maintain process improvements including automation.
  • Partnering/Collaboration:
    • Partner with cross functional teams including FP&A, Global Payments and Content Acquisition by serving as the subject matter expert on foreign currencies, cash flow forecasting, treasury related regulatory requirements, for strategic initiatives such as payments offerings and contract negotiations.
  • Supervise, train and provide technical guidance to the Treasury Accounting staff.

About the team

At Deloitte, we expect results. Incredible—tangible—results. And Deloitte Global professionals play a unique role in delivering those results. We reach across disciplines and borders to serve our global organization. We are the engine of Deloitte. We develop and lead global strategies and provide programs and services that unite our network. In Deloitte Global, everyone has an opportunity to lead. We see the importance of your perspective and your ability to create value. We want you to fit in—with an inclusive culture, focus on work-life fit and well-being, and a supportive, connected environment; but we also want you to stand out—with opportunities to have a strategic impact, innovate, and take the risks necessary to make your mark. Deloitte Global supports our talented professionals in answering the question: What impact will you make?

Enough about us, let’s talk about you

You are someone with:

  • A minimum of 5 years relevant work experience
  • Experience with FX derivatives, FX hedging programs, Corporate Treasury
  • Bachelor's Degree in Accounting, Finance or related field or equivalent experience with a very strong preference for additional qualifications such as CTP, CPA, CFA, MBA
  • Advanced Microsoft Excel and PowerPoint knowledge
  • Modelling experience
  • Proven ability to build strong relationships, establish trust, identify needs, customize solutions and motivate teams to drive operational and strategic priorities.
  • Can effectively present ideas and solutions in a logical and articulate manner with the ability to work effectively with and influence Senior Executives
  • Outstanding research, analytics, and quantitative aptitude; advanced attention to detail required for success in this role.
  • Ability to work and manage projects both independently and with a larger team to achieve goals.
  • Aptitude to excel in a dynamic work environment while managing multiple projects with varying deadlines.
  • Strong problem solving and troubleshooting skills with the ability to exercise judgment consistent with achieving organizational goals and strategies.
  • Proactive and results-oriented player who wants to help build a high-performance team.

Preferred Qualifications

  • Familiarity with 360T and FINASTRA
  • Proficiency in SAP

Our promise to our people: Deloitte is where potential comes to life.

Be yourself, and more.

We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance.

You shape how we make impact.

Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute. Be the leader you want to be.

Be the leader you want to be

Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader.

Have as many careers as you want.

We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors. Our TVP is about relationships – between leaders and their people, the firm and its people, peers, and within in our communities.

The next step is yours

At Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our AccessAbility Action Plan, Reconciliation Action Plan and the BlackNorth Initiative.

By applying to this job you will be assessed against the Deloitte Global Talent Standards. We’ve designed these standards to provide our clients with a consistent and exceptional Deloitte experience globally.
Deloitte Canada has 30 offices with representation across most of the country. We acknowledge our offices reside on traditional, treaty and unceded territories as part of Turtle Island and is still home to many First Nations, Métis, and Inuit peoples. We are all Treaty people.