Manager, FX and Capital Markets

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Manager, FX and Capital Markets

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers’ toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You’ll Make in this Role

As the Manager, Foreign Exchange (FX) and Capital Markets you will be responsible for overseeing and managing Solventum’s FX risk, ensuring effective currency exposure management, and managing hedging programs. You will also support market analysis, capital raising initiatives, and financing transaction execution. You will support the Assistant Treasurer, Treasurer, and other finance executives to develop and implement financial risk mitigation strategies that align with the company's financial goals and risk appetite. Strong collaboration and partnership with the relevant teams in Treasury, Finance, Accounting, Tax, and Legal to actively manage FX exposures, global investments, related funding, and liquidity solutions.

At Solventum, you have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here, you will make an impact through:

Managing and executing key risk management activities:

• Identify, analyze, and assess financial risks/exposures (i.e., FX and rates).
• Execute hedging strategies including derivatives (e.g., forwards, options, swaps, etc.).
• Maintain financial risk management policies, procedures, and guidelines
• Ensure compliance with applicable regulations, reporting requirements, and disclosure standards
• Execute FX trades in accordance with corporate derivatives policies
• Establish and maintain relationships with banks/derivative counterparties.
• Prepare analysis and reporting on the effectiveness of hedging programs
• Conduct sensitivity analysis to market fluctuations

Assisting and supporting key debt capital markets activities:

• Analysis of capital markets and liquidity management across the global enterprise
• Assist in the planning and executing capital raising activities, including debt issuances, equity offerings, and other financing arrangements.
• Evaluate financing options and structures to optimize funding costs and manage capital requirements.
• Support Solventum’s commercial paper program.
• Support on various activities including dividend policy, share repurchases, liquidity management, credit facilities, liability management, and debt maturities.

Your Skills and Expertise 
To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor’s degree OR higher AND seven (7) years of experience in treasury, and/or financial services, including exposure to financial markets in a private, public, government, or military environment.

Additional qualifications that could help you succeed even further in this role include:

• Advanced education or certification such as MBA, CTP, or CFA
• Prior FX (foreign exchange) experience
• Proficiency in Bloomberg
• Analytical and modeling skills and the ability to make data-driven financial decisions
• In-depth knowledge of global financial markets, foreign exchange products, capital