Senior Manager, Financial Risk Management

PHINIA • Auburn Hills, MI

2d

About The Position

ABOUT US PHINIA: Advancing sustainability today, powering a cleaner tomorrow. PHINIA is an independent, market-leading, premium solutions and components provider with over 100 years of manufacturing expertise and industry relationships, with a strong brand portfolio that includes DELPHI®, DELCO REMY® and HARTRIDGE™. With over 12,500 employees across 43 locations in 20 countries, PHINIA is headquartered in Auburn Hills, Michigan, USA. At PHINIA, we Provide fuel systems, electrical systems, and aftermarket products and solutions of the highest quality — developed and manufactured responsibly — that are designed to enhance efficiency and reduce the environmental impact of vehicles, industrial machinery, and other applications. In doing so, we contribute to a cleaner tomorrow, treat our people and surrounding communities with respect, and hold ourselves accountable to robust ethical standards. Our Culture PHINIA promotes and cultivates an inclusive culture and diverse perspectives, strives to maintain its reputation for excellence, thrives on the power of collaboration, and fosters the development of our talented employees. We believe in making a positive impact through our business and actions, and we take our collective responsibility seriously. Career Opportunities We believe in building a brighter tomorrow for our employees as well as our customers and encourage you to learn about our long history, strong culture, new technologies, and future vision. We offer a strong local presence and interesting global opportunities. Join us on this shared journey toward a brighter tomorrow. JOB PURPOSE This position reports to the VP & Treasurer and is responsible for leading the Company’s financial risk management activities, including the design and execution of foreign currency and interest rate hedging strategies, as well as the structuring and oversight of global insurance programs (Property, Casualty, Cyber and Directors & Officers). The role serves as a key leader within Corporate Treasury, driving risk identification, mitigation, and governance to protect earnings, cash flow, and enterprise value.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related discipline required; MBA or relevant advanced degree preferred.
• Professional certifications (CFA, CTP, CPA) strongly preferred.
• Minimum 12 years of progressive experience across treasury, corporate finance, or accounting, including at least 8 years in treasury with direct exposure to financial risk management.
• Demonstrated experience in foreign currency and interest rate risk management, including hedging strategy development, execution, and accounting.
• Direct experience designing and managing global insurance programs, including placement, renewals, claims management, and broker oversight.
• Experience operating within a global manufacturing environment; automotive or industrial sector experience preferred.
• Strong knowledge of financial risk assessment, internal controls, and governance frameworks.
• Proficiency in treasury, risk management, and financial systems, with strong analytical and modeling capabilities.
• Experience supporting external reporting requirements, including derivatives disclosures and audit coordination.
• Proven ability to manage and influence external partners, including brokers, insurers, and third-party administrators.
• Strong leadership, project management, and organizational skills, with the ability to manage multiple priorities in a dynamic environment.
• Excellent judgment and decision-making capability in complex risk and financial matters.
• Effective communicator with the ability to partner cross-functionally across Finance, Accounting, Tax, Audit, and Legal, and to present to senior leadership.

Responsibilities

• Lead the Company’s financial risk management framework, including identification, measurement, mitigation, and governance of key risk exposures.
• Identify, quantify, and monitor foreign currency exposures (cash flow and balance sheet) and design and execute hedging strategies to mitigate earnings and cash flow volatility.
• Evaluate and implement interest rate risk management strategies for the Company’s debt portfolio.
• Oversee the global hedging program, including trade execution, valuation (mark-to-market), and hedge effectiveness testing in compliance with accounting standards.
• Ensure accurate accounting and reporting for hedging and foreign exchange activities, including journal entries, reconciliations, and support for month-end close.
• Support quarterly and annual financial disclosures related to treasury activities, including derivatives and risk management.
• Lead the design, placement, and optimization of the Company’s global insurance programs, including Property, Casualty, D&O, and specialty coverages.
• Direct the annual insurance renewal process, including exposure data development, broker engagement, coverage structuring, and premium negotiation.
• Oversee claims management, including incident reporting, carrier engagement, and resolution strategy.
• Manage relationships with brokers, insurers, and third-party administrators to ensure service quality, cost efficiency, and appropriate risk transfer.
• Lead the Company’s Enterprise Risk Management (ERM) program, including identification, assessment, and documentation of key enterprise risks and mitigation strategies across the organization.
• Support insurance-related inputs into financial forecasts, annual budgets, and long-range planning.
• Prepare and deliver reporting and presentations to senior leadership and the Board of Directors on financial risk exposures, hedging performance, and insurance programs.

Benefits

• We provide compensation and benefits programs intended to attract, motivate, reward, and retain an incredibly talented, globally diverse workforce at all levels within our organization.
• Our compensation programs are informed by market data and business needs, and we are committed to providing equitable and competitive compensation.
• We are committed to providing our team with quality and competitive benefit programs, including health and well-being resources, family-centric policies, and an agile workplace program, where not precluded by collective bargaining agreements or national statutory plans.
• Plans are benchmarked for competitiveness and value.
• We provide formal development opportunities at all levels and stages of employee careers.
• These opportunities are delivered in a variety of formats to make our portfolio of solutions agile, sustainable, and scalable to support our employees in developing the skills needed to succeed.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level