Sr. Director, Treasury - International Treasury & Capital Markets

ADP is hiring a Sr. Director, Treasury

 

As the Sr. Director, Treasury supporting International Treasury and Capital Markets, you will be responsible for leading global FX risk and transactions, cash repatriations, the financing of ADP Business Units (BUs) outside the US, and assisting with ADP’s Capital Markets and Corporate Treasury activities.  In this role you will manage the Director, International Treasury responsible for bank relationships and the liquidity management of BUs in EMEA.

 

Key Responsibilities:

Cash repatriations and Corporate Finance

• Lead cash repatriations and collaborate effectively with Finance, Tax, and Legal teams while minimizing excess cash levels abroad
• Work with Corporate legal and Corporate Tax teams to determine optimal funding mechanism to support the cash needs of international BUs
• Execute equity investment, intercompany loans, and credit facility usage as necessary to support investment, capex, and acquisition needs of international BUs

Manage global FX risk:

• Recommend optimal hedging structure and vehicles to meet ADP’s FX volatility risk tolerance with understanding of VaR, correlation, and volatility concepts
• Determine and quantify FX economic, transaction, and translation risk exposures
• Investigate drivers of FX gains and losses and ensure BUs adhere to policy
• Partner with CAPER to ensure hedging activity is accounted and reported properly to meet policy and audit requirements
• Possess relevant knowledge of IFRS and US GAAP standards and hedging requirements including all tools available in capital markets to manage risk

Manage FX activity and transactions:

• Determine FX counterparties, manage global FX transactions, and negotiate FX transaction fees aligned with global banking strategy
• Administer the netting system and maximize its use throughout ADP
• Maintain reporting of global FX activity
• Responsible for the various FX rate types that the Finance team requires for reporting, consolidation, billing, and planning purposes
• Collaborate with Treasury Services team to ensure effective use of electronic FX trading system with BUs and Money Movement teams

Support global liquidity management:

• Develop cash flow forecasting of individual BUs to determine excess cash levels and working capital needs
• Administer the local and global cash pools and ensure maximization of investments of excess cash globally
• Manage local banking relationships in all regions supporting BU Controllers
• Effectively deploy cash management tools including cross-border funding, netting, pooling, and investment solutions in line with ADP policy
• Support in-country cash flow forecasting, and optimizing working capital strategy while determining minimum levels of excess cash with each BU
• Recommend optimal bank solution portfolio in each BU, including LoCs, Bank Guarantees, external credit facilities, and other banking products
• International travel as necessary 

Support the investment and governance of non-US pension plans:

• Provide support of Canadian and UK pension plans key governance, investment, and funding decisions as part of trustee/governance boards
• Support and evaluate optimal asset mix, funding levels, risk profile, and buyout evaluations
• Ensure external administrators and advisors provide best-in-class support
• Maintain strong knowledge if investment terms, concepts, and vehicles

Support ADP Capital Markets and Corporate Treasury initiatives:

• Participate in special project teams as need arises including acquisition due diligence and integration
• Collaborate with Corporate Treasury Capital Markets team supporting Commercial Paper issuance, share repurchases, US pension and 401(k) plan administration, deferred compensation hedging, Corporate Finance activities, lease vs buy analyses, quarterly external reporting support, capital structure, rating agency activities, and valuation modeling