Vice President, Treasury Operations

Warner Music Group•New York, NY

1d•Onsite

About The Position

At Warner Music Group, we’re a global collective of music makers and music lovers, tech innovators and inspired entrepreneurs, game-changing creatives and passionate team members. Here, we turn dreams into stardom and audiences into fans. We are guided by three core values that underpin everything we do across all our diverse businesses: Curiosity, Collaboration, and Commitment. WMG is home to a wide range of artists, musicians, and songwriters that fuel our success, and we are committed to creating a work environment that actively values, appreciates, and respects everyone. We encourage applications from people with a wide variety of backgrounds and experiences. Consider a career at WMG and get the best of both worlds – an innovative global music company that retains the creative spirit of a nimble independent. Warner Music Group’s Treasury team is looking for an assertive team player with excellent communication skills for a Vice President, Treasury Operations position. This position is based in the New York Treasury Headquarters office and reports to the Senior Vice President and Treasurer. The role will have a wide range of responsibilities relating to a number of treasury risk functions, including managing and mitigating foreign currency risks, managing interest rate risks, assisting with the management processes/policies & treasury systems and global treasury operations. The VP will have direct interaction with Corporate Accounting, Shared Services Finance, Tax, and Legal and foreign affiliates accounting groups. As the home to 10K Projects, Asylum, Atlantic Music Group, East West, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Rhino, Roadrunner, Sire, Warner Records, Warner Classics, and several other of the world’s premier recording labels, Warner Music Group champions emerging artists and global superstars alike. And our renowned publishing company, Warner Chappell Music, represents genre-spanning songwriters and producers through a catalog of more than one million copyrights worldwide. Warner Music Group is also home to ADA, which supports the independent community, as well as artist services division WMX. In addition, WMG counts film and television storytelling powerhouse Warner Music Entertainment among its many brands. Together, we are Warner Music Group: Independent Minds. Major Sound. Warner Music Group is all about our people. We are one global company made up of the most knowledgeable, passionate, and creative people in our business. It is the mission of every member of the WMG team around the world to create a nurturing environment for artists, songwriters, and fellow employees at every stage of their career. We strive to set WMG apart from the rest of the industry by embracing a philosophy of innovation that is part of our company's DNA. Consider a career at WMG and be a part of one of the biggest forces in music today.

Requirements

A minimum of 10 years of well-rounded financial and Treasury experience in a mid to large multinational corporation.
Excellent risk management (foreign currency/interest rate) technical knowledge and a general understanding of insurance products and services.
Excellent knowledge and experience managing global cash management, corporate finance, capital and credit markets, and related instruments and products.
Strong analytical and planning and organizing skills along with the ability to think and act strategically.
Excellent oral and written communication, interpersonal, research analysis and problem solving skills.
Demonstrated high integrity and ethics in all activities.
Familiar with international Tax.
Accounting and/or finance experience.
Excellent understanding of currency and interest rate hedging principals.
Analytical and problem solving skills.
Strong verbal and written communication skills.
Works well indecently but also in a team environment.
Enthusiastic, assertive, self-motivated.
This position requires a minimum of 4 days per week in the office.

Nice To Haves

A MBA Degree in Business, Finance or Accounting preferred.
Certified Treasury Professional (CTP) preferred.
Exposure to multiple business models, operational complexity and international operations a plus.
Knowledge of Treasury and finance applications a plus: Reval, Wall Street Systems, City Financials, FXall, Bloomberg, Online bank portals, SAP a plus.

Responsibilities

Review, refine and expand (as appropriate) the Warner Music Group foreign currency risk management program.
Work with foreign affiliates to identify, measure, aggregate and manage net worldwide foreign currency exposures.
Evaluate accuracy of exposure forecasts and implement adjustments where necessary.
Evaluate interest rate exposures and debt mix (fixed to float) to provide recommendations for interest rate hedging.
Prepare FX and interest modeling and reporting and perform sensitivity analyses to assess a reasonable range of outcomes.
Maintain and enhance quarterly hedge effectiveness testing and reporting.
Work with corporate accounting and external auditors to ensure hedge accounting is achieved.
Manage derivative middle and back office functions – trade recommendations and execution, counterparty risk assessment, trade confirmations and monthly derivative settlement.
Ensure compliance with Dodd Frank and other regulatory requirements.
Maintain and update interest rate and foreign exchange risk management policies and procedures as necessary.
Work with the team on the implementation and continuous refinement of the integrated treasury workstation (TMS).
Assist in the development of global treasury policies and corporate treasury SOPs (standard operating procedures).
Support key treasury operational activities; global cash balance management, global cash pools & netting process, intercompany loan process and bank account management.
Work with Internal Audit to define and test SOX controls relating to hedging/derivative management and other treasury activities.
Need to lean in and support ad hoc financial modeling and projects.