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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: Midland, Michigan

Salary: $210K - $256K

Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance leadership to achieve profitable growth and help deliver a sustainable future. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates manufacturing sites in 31 countries and employs approximately 37,800 people. Dow delivered sales of approximately $57 billion in 2022.

The Dow Chemical Company Finance organization has an opening for a Treasury Director within the Treasury’s Financial Risk Management Team (FRMT). The purpose of the position is to develop, execute, monitor and manage the financial risk management strategy for a portfolio of foreign exchange exposures.  The successful candidate will be reporting to the Senior Treasury Director of the Balance Sheet Exposure Team within the FRMT.  The FRMT manages the global hedging and investments related to a $40+ billion portfolio of exposures derived from foreign currencies, interest rates, commodities and investments.  This is an excellent opportunity to apply your analytical skills and financial market understanding to contribute to the success of the company.

 

Core Responsibilities:

  • In alignment with the vision of the Financial Risk Directors, systematically develop, pitch, execute and manage the financial risk management strategy for a portfolio of financial exposures.  For example:
    • Pro-actively monitor exposures and markets, and evaluate pertinent internal and external information from multiple sources:
      • Internal:  Work with numerous Treasury and other company processes to evaluate the quantity and nature of the company’s exposures to various foreign currencies, interest rates, commodities, equities, and cash.
      • External: Evaluate information from Bloomberg, economic research, banking counterparty contacts and other sources.
    • Analyze and evaluate the macroeconomic conditions, market dynamics, and price action of the various markets to estimate their potential impact on the company’s exposures from multiple perspectives.
    • Evaluate the available market for derivatives and other hedging instruments and their relative costs, benefits, credit exposure and regulatory requirements.
    • Apply advanced accounting concepts, including hedge accounting where optimal, in the evaluation of available hedging instruments relative to exposures.
    • Develop analysis methods to effectively evaluate the multi-faceted effects on the company of various risk management strategies.
    • Develop, maintain and share relevant market views and hedging strategies based upon fundamental, technical and quantitative analysis of hedged positions.
    • Determine market views and hedging strategies that optimize the balance between financial statement volatility, profitability and financial flexibility.
    • Determine market strategies to optimize the company’s liquidity position (cash investments and short-term funding).
    • Take positions in the financial markets to earn positive profits for the company.
  • Serve as a trusted risk advisor to the company. For example:
    • Advise, educate and present on matters related to the markets, exposures and risk, their various impacts on the company and best practices for effective mitigation and management.
    • Counsel management and provide concise updates as macroeconomic and financial markets change.
    • Develop and internally publish periodic forecasts of macroeconomic conditions and market prices.
    • Collaborate with Financial Planning and other functions to ensure reasonableness of estimated financial exposures, the most effective handling of potential changes for the company as a whole, and methods to eliminate the creation of exposures at the source.
  • Mentor and cross-train other members of the FRMT in risk management best practices and strategies to ensure the ongoing development of the FRMT, and seamless coverage of risk management strategies.
  • Ensure the efficient and orderly execution, monitoring and management of the FRMT’s risk management strategies, in effective collaboration with multiple other Treasury, company and external functions/processes (Operations, Compliance, Systems, Credit, Planning, Funding, Legal, Accounting, Tax, Counterparties and others).  For example:
    • Ensure all activities are performed to negotiate, transact, monitor and manage the hedging instruments and investments.
    • Trade various instruments with counterparties, book the transactions, complete hedge accounting documentation and monitor derivatives etc.
    • Evaluate financial performance of the company’s exposures and implemented hedges as compared to the range of possible outcomes.
    • Ensure various reports and analyses are generated to effectively convey the performance and sensitivity of risk management strategies to management, other members of the FRMT, controllers, tax and other stakeholders.
    • Ensure the FRMT’s periodic and ad-hoc reporting is appropriately specified to effectively monitor the positions and conditions, and has been developed, created, optimized and distributed to the appropriate parties.
    • Apprise Financial Risk Directors of macroeconomic, financial market, and exposure changes.
    • Evaluate impacts of changes in the regulatory environment, accounting standards and industry practices, and predict their impact to develop and propose optimal Dow positions for the conditions and create appropriate documentation for these practices.
    • Proactively evaluate FRMT practices for continuous improvement, and when opportunities arise, investigate, develop and propose solutions in infrastructure and procedures.
    • Ensure the FRMT operates in complete compliance with all laws, regulations delegations, controls, policies, and procedures.
  • Complete ad-hoc requests, deliver projects and fulfill other routine duties as may be appropriate and/or required.

 

 

Required Qualifications:

 

  • A minimum of a bachelor’s degree (preferably in a quantitative field such as Engineering, Finance and/or Economics) OR relevant military experience at a U.S. E6 or Canadian Petty Officer 2nd Class, Sergeant ranking or higher
  • A minimum of 8 years of experience with a focus in financial/capital markets-oriented positions, and/or other relevant experience.
  • A minimum requirement for this U.S. based position is the ability to work legally in the United States.  No visa sponsorship/support is available for this position, including for any type of U.S. permanent residency (green card) process.

Preferred Qualifications:

  • Master’s degree (MBA with a finance focus preferred)
  • CFA Charterholder
  • Prior experience in Treasury Financial Operations and Financial Planning is desirable.  Understanding of financial operations, planning and accounting principles with an understanding of the principals of hedge accounting, a regulatory and control environment, and business/financial law.
  • In depth understanding of and interest in technology and financial systems.
  • Demonstrated competence and interest in mathematical modeling and statistical methods
  • Strong written and verbal communication skills

Domestic relocation assistance is available for this role and may be provided based on eligibility.

Benefits – What Dow offers you 

We invest in you.

Dow invests in total rewards programs to help you manage all aspects of you: your pay, your health, your life, your future, and your career.  You bring your background, talent and perspective to work every day. Dow rewards that commitment by investing in your total wellbeing.  

Here are just a few highlights of what you would be offered as a Dow employee:

  • Equitable and market-competitive base pay and bonus opportunity across our global markets, along with locally relevant incentives.
  • Benefits and programs to support your physical, mental and emotional well-being, to help you get the care you need…when you need it.
  • Competitive retirement program that may include company-provided benefits, savings opportunities, financial planning and educational resources to help you achieve your long term financial-goals. 
  • Become a Dow shareholder through various employee stock programs.
  • Opportunities to learn and grow through training and mentoring, work experiences, community involvement and team building.
  • Workplace culture empowering role-based flexibility to maximize personal productivity and balance personal needs.
  • Global Paid Time Off (PTO) policies:
    • Paid time off for new parents (birthing and non-birthing, including adoptive and foster parents).  
    • ​Paid time off to care for family members who are sick or injured.
    • Paid time off to support volunteering and Employee Resource Group’s (ERG) participation.

Join our team, we can make a difference together.

About Dow

Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance leadership to achieve profitable growth and help deliver a sustainable future. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates manufacturing sites in 31 countries and employs approximately 37,800 people. Dow delivered sales of approximately $57 billion in 2022. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.

As part of our dedication to the diversity of our workforce, Dow is committed to equal opportunities in employment.  We encourage every employee to bring their whole self to work each day to not only deliver more value, but also have a more fulfilling career. Further information regarding Dow’s equal opportunities is available on www.dow.com.

Dow is an Equal Employment Opportunity employer and is committed to providing opportunities without regard for race, color, religion, sex, including pregnancy, sexual orientation, or gender identity, national origin, age, disability and genetic information, including family medical history. We are also committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans in our job application procedures. If you need assistance or an accommodation due to a disability, you may call us at 1-833-My Dow HR (833-693-6947) and select option 8.