Manager, Treasury – Foreign Exchange
About The Position
This is where your work makes a difference. At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond. Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results. Here, you will find more than just a job—you will find purpose and pride. Your role at Baxter As the Manager, Treasury – Foreign Exchange, you will play a key role within Baxter’s Treasury organization as part of the Capital Markets team. You will lead the company’s global FX risk management activities, including exposure forecasting, policy development, analytics, and oversight of FX execution. This role is central to Baxter’s efforts to mitigate currency‑related financial risks and ensure disciplined governance of the company’s global derivatives portfolio. This position reports to the Director of Capital Markets. You will also contribute to broader treasury initiatives such as liquidity forecasting, market analytics, transaction management, intercompany and third‑party exposure management, settlements, valuation, compliance, and financial partner engagement. The role requires strong analytical capabilities, financial modeling skills, and the ability to collaborate effectively across Finance, FP&A, Accounting, IT, and business units. This position is based in Deerfield, IL with a hybrid schedule.
Requirements
- Bachelor’s degree in Finance, Accounting, or a related field preferred; CFA preferred.
- Minimum of 5 years of experience in corporate treasury, foreign exchange, capital markets, or a related discipline preferred.
- Strong financial modeling and analytical skills with experience using ERP systems, treasury management systems, and data tools such as Cognos, Power BI, Excel, or SQL.
- Ability to operate effectively in a complex, multinational environment with cross‑functional stakeholders.
- Experience supporting compliance requirements such as Dodd‑Frank, SOX, or EMIR.
- Ability to communicate complex financial concepts clearly to both technical and non‑technical audiences.
- Demonstrated ability to drive automation, process improvement, and data integration within treasury workflows.
- Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.
Nice To Haves
- CFA preferred.
Responsibilities
- Lead global FX risk management activities, including exposure forecasting, hedging strategies, policy development, and analytics.
- Monitor global currency markets and macroeconomic trends to support strategic and tactical decision‑making.
- Partner with Finance, FP&A, Accounting, and business units to identify, assess, and mitigate FX risks across the enterprise.
- Oversee FX trading execution in alignment with approved policies, controls, and risk limits, including governance of the centralized derivatives portfolio.
- Manage the relationship with Chatham Financial, supporting FX execution and hedge accounting activities.
- Maintain relationships with global banking partners and external FX service providers to support pricing, execution, and market access.
- Prepare and deliver FX and market risk reporting for senior leadership and key stakeholders.
- Drive process improvements and automation across FX analytics, reporting, and execution workflows.
Benefits
- medical and dental coverage that start on day one
- insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance
- Employee Stock Purchase Plan (ESPP), with the ability to purchase company stock at a discount
- 401(k) Retirement Savings Plan (RSP), with options for employee contributions and company matching
- Flexible Spending Accounts
- educational assistance programs
- paid holidays
- paid time off ranging from 20 to 35 days based on length of service
- family and medical leaves of absence
- paid parental leave
- commuting benefits
- Employee Discount Program
- Employee Assistance Program (EAP)
- childcare benefits
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What This Job Offers
Job Type
Full-time
Career Level
Manager
