WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients, and communities.
Working at WPP means being part of a global network of more than 115,000 accomplished people in 110 countries. WPP has headquarters in New York, London and Singapore and a corporate presence in major markets worldwide.
We create transformative ideas and outcomes for our clients through an integrated offer of communications, experience, commerce, and technology.
WPP and our award-winning agencies work with most of the world's biggest companies and organisations – from Ford, Unilever and P&G to Google, HSBC, and the UN. Our clients include 61 of the FTSE 100, 307 of the Fortune Global 500, all 30 of the Dow Jones 30 and 62 of the NASDAQ 100. WPP are the leader in the Bloomberg Gender Equality Index and 20th in the FTSE 100 rankings for Women on Boards.
Why we're hiring:
WPP is on a global transformation journey, and this is an opportunity to join and take the lead on currency (FX) and related risk management for Group Treasury globally.
What you'll be doing:
To join and set up a growing portfolio of managed risks, robust risk monitoring, reporting and governance while actively advocating and leading on all foreign exchange or ‘FX’ related risk management and knowledge at WPP Group. Manage the UK Treasury team.
You will report into the Group Treasurer, key responsibilities are:
Risk management
- Invest time working through WPP commercial or balance sheet structures to advise on direct or embedded currency risks and ways to restructure or mitigate building an FX risk management portfolio.
- Understand and evaluate political and macro-economic disruptive trends on market.
- Lead risk management education and awareness and in particular with our internal operating companies providing support and materials on both transactional and translational FX risks.
- Once established lead on the design of WPP’s FX hedging program: including goal setting, governance, the scope of risk management, monitoring and reporting, cost effectiveness and ‘carry’ while ensuring compliance with policy
- Utilise approved financial instruments to hedge risks and scope new ones.
- Support the communication and implementation of Group Treasury policy.
- Consider tax implications of Treasury hedging activities with Group Tax.
Business partnering
- Build deep relationship with CFO's and FD's across diverse networks and influence decisions.
- Develop relationship with regional banks bringing their advice and expertise to bear for risk management or other purposes.
- Monitor and assess the impact of local market conditions such as regulation, currency controls and advise on this internally with the support of the WPP bank group.
- Lead on the creation of Treasury Risk reporting on a weekly, monthly, and ad-hoc basis for relevant operating companies and internal departments at an operational and senior level.
- Help the integration, development and reporting of this in the central treasury system, IT2 and in the Treasury Shared Services team in Bengaluru.
Treasury Systems and Technology
- Optimization use of the the global treasury management systems (TMS) ensuring Global standardization across the platform.
- Manage the UK Treasury team with a focus on business partnering, systems and FX dealing ensuring risk, controls and global requirements are balanced.
- Working with Finance, Finance shared services and the ERP Transformation team on joint or Treasury led developments.
Ad hoc
- Annual and interim Dividend co-ordination with Company Secretariat & Registrars for smooth settlement of funds transfer.
- Oversee settlement/confirmations for bonds, swaps and any other material HQ transactions.
- Compliance with regulatory requirements, bank KYC and internal controls for UK or Group activities as required.
What you'll need:
- Experience within a treasury department of an international business.
- Knowledge and experience of treasury management including managing loans, derivative arrangements, liquidity, and cash flow forecasting.
- Relevant risk management experience covering: FX exposure identification (embedded and direct), Business partnering (FX or otherwise), FX policy and framework development, Establishing and / or running a senior level risk management governance forum.
- Knowledge of derivatives and hedging currency exposures directly or indirectly.
- Knowledge of accounting in relation to FX gains and losses and where they arise.
- Knowledge of a number of currency markets including emerging markets.
- Experience in managing banking relationship and using banks to advise on risk management.
- Exposure to Treasury management systems (IT2).
- Ability to partner with company Directors, CFOs and high-level executives.
Who you are:
You're open: We are inclusive and collaborative; we encourage the free exchange of ideas; we respect and celebrate diverse views. We are accepting: of new ideas, new partnerships, new ways of working.
You're optimistic: We believe in the power of creativity, technology and talent to create brighter futures or our people, our clients and our communities. We approach all that we do with conviction: to try the new and to seek the unexpected.
You're extraordinary: we are stronger together: through collaboration we achieve the amazing. We are creative leaders and pioneers of our industry; we provide extraordinary every day.
What we'll give you:
Passionate, inspired people – We promote a culture of people that do extraordinary work.
Scale and opportunity – We offer the opportunity to create, influence and complete projects at a scale that is unparalleled in the industry.
Challenging and stimulating work – Unique work and the opportunity to join a group of creative problem solvers. Are you up for the challenge?
WPP is an equal opportunity employer and considers applicants for all positions without regard to race, color, religion or belief, sex, age, national origin, citizenship status, marital status, military/veteran status, genetic information, sexual orientation, gender identity, physical or mental disability. We believe in creating a dynamic work environment that values diversity and inclusion and strives to recruit a diverse slate of candidates to help us achieve that goal.
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