Treasury Forex

Position Snapshot

Location:
Vevey, Switzerland

Company:
Nestrade Procurement Division

Act

Rate:
Full-Time Act. Rate 100%

Type of contract:
Permanent contract

What we offer at Nestlé
Flexible work policies in terms of core hours and working from home. Please talk to us during the recruitment process about what flexibility could look like for you
Genuine opportunities for career and personal development
Modern "smart office" locations providing agile & collaborative workspaces
Dynamic international working environment
Attractive additional benefits

Procurement at Nestlé

As strategic partner of the business, we help the company achieving sustainable growth and we ensure responsibly sourced supply and value creation.

Located in hubs in Switzerland, Panama and Malaysia, our division provides a range of services, including the management of procurement for specific raw materials, packaging, indirect materials, and other services.

We also support markets with managing local spend.

For you, this will be the opportunity to become a real strategic partner - delivering sustainable value and working with the business, for the business.

Position Summary

We are currently looking for a highly competent
Treasury Forex & Risk Manager, dedicated to Nestrade Procurement Division and NESA Business Growth Solutions.

Reporting directly to the Head of Risk & Compliance, you will be responsible for managing Risk activities, ensuring optimal FX model, credit risk and cash management in line with market responsibilities as per the House of Finance, providing accurate and relevant reporting to the Nestrade Head of Risk & Compliance and the CFO.

A Day in the Life of a Treasury Forex & Risk Manager

• Lead the Risk & Treasury operations for Nestrade and NESA BGS.
• Execute FX management strategy and analyze FX, P&L & MarktoMarket reporting. Review with Accounting to adapt Forex model based on evolving businesses.
• Lead relationship with Nestlé Treasury Centre Europe specifically related with the financing e.g. In House Banking, Intra Group loans, risk calculator, etc. Lead the Treasury Committee.
• Assess risk on prepayments made to 3rd Party suppliers (CAPEX, ESG, etc.) and Perform 3rd Party BGS customer credit assessment using Dunn & Bradstreet or other business intelligence sources.
• Collaborate with the Nestlé Group Risk Committees such as Assets Liabilities Management Committee and Commodities Financial Risk Committee to manage counterparty risk exposures.
• Manage relationship with external banks and clearing brokers (Know Your Customer and onboarding). Review Clearing Agreements, Give Up Agreements and ISDAs for Over The Counter derivatives.
• Ensure the set up and maintenance of ebanking accesses as per authorizations / signatories approved by the Board of Directors.
• Oversee commodities margin requirements. Coordinate funding with the Regional Nestlé Treasury Centres (Europe/North America/LATAM/AOA).
• Drive for continuous improvement, focusing on simplification, standardization, and automation. Ensure best practices are shared keeping Standard Operating Procedures up to date.

What will make you successful

• Master's degree in finance or accounting. An Accounting, Treasury or Risk Certification would be an asset.
• 810 years' experience in Finance & Control, ideally in Risk & Compliance roles with previous interactions with Banks, Brokers, Financial Institutions, or Insurance.
• Good knowledge of risk management for commodities and FX.
• Excellent interpersonal and communication skills.
• Fast moving consumer goods (FMCG) industry experience is preferred.
• Fluency in the English Language is a must, Spanish/French is a plus.

This role represents an excellent opportunity to develop your career at Nestle.

Nestradecareer

At Nestlé, we want to help shape a better and healthier world, inspire people to live healthier lives and deliver impact at a scale and pace that makes a difference.

We do this by fostering a diverse, friendly, supportive, and collaborative environment, that creates positive disruption, embraces innovation, and empowers people and teams to win.

We aim to hire friendly, respectful, inspiring people who care about the people's lives that we touch every single day.

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