Front Office and Market Risk Manager - Treasury

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Front Office and Market Risk Manager — Treasury - Your future role?

The Front office and Market risk manager is a position within Group Treasury. This position is responsible for the identification, measurement, and mitigation of all market risks. These risks include foreign exchange (FX), interest rate (IR), financing, and M&A opportunities. The manager's scope spans across the Group's global industrial operations. The role holder governs the hedging framework. The role holder structures the financing, both short-term and long-term, of the group. The role holder is also responsible for all ad-hoc activities related to M&A and special corporate transactions. Ensures compliance with IFRS 9 hedge accounting requirements and provides strategic risk advisory to the Head of Treasury and the CFO.

You will be based in Vernier and report to the Head of Treasury and Risk Management.

Your main responsibilities:

FX & Market Risk Management

• Define and maintain the Group FX risk management policy, including hedge ratios, tenor limits, and approved instrument types (forwards, options, cross-currency swaps)

• Oversee the end-to-end hedging process: exposure identification, strategy formulation, execution, and effectiveness monitoring

• Manage transactional and translational FX exposures across all operating currencies, with focus on high-volatility markets (e.g., Argentina, Egypt, Nigeria, and other EM currencies)

• Lead interest rate risk management, including fixed/floating mix optimization and duration management of the debt portfolio

• Manage the risk related to the LTIP program.

• Organize all the special corporate transactions.

IFRS 9 Hedge Accounting & Compliance

• Ensure all hedging relationships are documented and qualify for hedge accounting under IFRS 9

• Advise on the classification of intercompany loans as quasi equity and the treatment of FX differences through OCI

• Collaborate with Group Accounting to ensure correct P&L and balance sheet presentation of all derivative positions

Strategic Advisory & Reporting

• Provide regular market risk reporting to the Group Treasurer, CFO, and scenario stress testing

• Control the compliance with the policy of the annual hedging strategy aligned to the Group's Free Cash Flow (FCF) targets

• Advise on FX possible effects of M&A activity, capital structure decisions, and intercompany funding arrangements

Governance & Infrastructure

• Maintain the Treasury Management System (TMS) for trade capture, valuation, and risk reporting

• Ensure compliance with counterparty credit limits, ISDA/CSA agreements, and EMIR/regulatory reporting obligations

• Promote the digital transformation of market risk processes, including automation of deal capture, confirmation matching, and MTM reconciliation

Team Leadership

• Lead, develop a team of 2 people in the front office

• Foster a high-performance culture, development plans, and succession planning

• Coordinate with regional treasury centres to ensure policy execution globally

You have:

• University degree in Finance, Economics, or related discipline

• At least 7 years of progressive experience in treasury, market risk, or financial risk management,

• Expertise in FX and interest rate risk management within a multinational industrial or manufacturing environment

• Hands-on experience with Treasury Management Systems (SAP)

• Experience managing hedging programs.

• Strategic thinking with the ability to translate market views into applicable hedging strategies

• Comfort with derivative structures

• Stakeholder management

• Commercial knowledge and understanding of how market risk impacts industrial P&L and cash flows

• Compliance mindset

Our Benefits:

• Competitive base salary and performance-based bonus

• Global exposure in a industrial group with operations worldwide

• Opportunity to shape the market risk and hedging strategy for a multi-billion-CHF organisation

• Flexible working arrangements ( 1 day home office) and international career opportunities.

#LI-Hybrid

At Givaudan, you contribute to delightful taste and scent experiences that touch people’s lives.
You work within an inspiring teamwork culture – where you can thrive, collaborate and learn from other talented and passionate people across disciplines, regions and divisions.
Every essence of you enriches our world.
Givaudan is committed to equal opportunities. Therefore, we welcome applications regardless of cultural and social background, gender, age, religion or sexual identity. 
We also have a safe working environment, progressive working conditions and are certified as an equal pay employer.