11 days ago - req25912
Senior Treasury Manager Asia
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In a nutshell
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Are you keen to take up a new challenge in a global fast growing company? Are you a strong, all-round senior Treasury professional with broad experience in cash and financial risk management and inter-company and bank financing? Then the role as Senior Treasury Manager Asia might be something for you.
A professional who makes the difference because it’s in your nature to understand a multinational business and can translate that into effective and efficient cash and financial risk management, financing solutions and related treasury compliancy areas.
At ASML we constantly have to ensure that our people, expertise and information enable us to realize our growth and meet our ambitious business objectives. Especially in the fast growing and demanding semiconductor business ASML is operating in, it requires treasury to bring breakthroughs and creative solutions, enabling ASML’s future growth and its success.
Recently ASML’s CFO organization has launched a broad transformation program, a key element of which is the formation of an Expert Advisory team in which initially the expertise areas of treasury, tax, legal and accounting are closely working together to support the business with integrated expertise andadvice.
To realize our world class Expert Advisory ambition we want to further develop our local Treasury footprint in Asia to ensure we have the right level of Treasury expertise, to support the business in all relevant Treasury areas. As Senior Treasury Manager Asia you will be responsible for the overall Treasury management of ASML’s Asian operations and will be located in Shanghai. You will be an integral part of the global corporate treasury team, with members located in the Netherlands), Korea and the US as well as the broader Expert Advisory team.
Context of the position:
The Treasury team is operating in a business environment that is characterized by ongoing and fast change in many areas, such as:
(adjacent) internal processes and systems,
application of emerging technologies in Treasury, banking and dealing systems,
interlinkages between the various systems used (API’s),
increasing need for real time info on exposures with automated processing (end-to-end automation, robotic process automation and artificial intelligence) and higher requirements for flexible, real time, dashboard reporting (Business Intelligence tooling),
(central) banking requirements and
financial markets, local laws and regulations.
Keeping up with the fast changing developments, strong growth of the company (in terms of sales, people, complexity, etc.) and adjusting the organization (people, processes and systems) accordingly is essential for success of the Treasury function.
The Treasury team provides expertise and advisory on cash/investment management and financial risk management, supporting in particular the CFO/EVP Finance, other Finance functions (Financial Control, Business Control, Tax) and business functions, like Procurement and Sales, on risk management in the areas of Foreign Exchange, Interest Rate, Commodity, Counterparty Credit and intercompany financing. The team owns the day-to-day management of all cash, investments, inter-company funding and financial risks for the group.
In order to assure cash, investment and financial risk management in a compliant way, understanding and application of local laws and regulations related to the treasury activities within the ASML group is essential.
The Treasury team consists of  people: 7 based in Veldhoven , 4 based in Korea, and 1 based in the US , further supported by 2 treasury experts in the China Finance organization, and is functionally lead from Veldhoven, by the Director Treasury. The treasury team is part of the Corporate Treasury organization headed by the Corporate Treasurer. Next to the Treasury function, also the Corporate Finance function (2FTE) and the Corporate Insurance function (2FTE) are part of the Corporate Treasury organization.
The Senior Treasury Manager Asia is responsible for:
Financial risk, cash & investment management expertise and advisory in Asia, keeping in mind the global perspective. Being able to assess and quantify financial exposures and translate these into hedging and investment strategies that are effective in protecting the company for financial loss and creating a risk balanced return on the investment portfolio.
Set up of intercompany financing structures and related instruments in close alignment within the local and global Expert Advisory team.
Assure cash, investment and financial risk management in a compliant way within the ASML group by understanding and application of local laws and regulations related to the treasury activities within the ASML group;
The treasury environment - including related suppliers like banks and IT application providers, technology, instruments, techniques, solutions. For effective, compliant and efficient management of treasury activities it is important to keep up with the latest developments and ensure implementation of required changes in the end-to-end business processes and systems.
Collaboration and alignment within the broader finance organization and within the Expert Advisory team. It is important to make sure that any projects, ad hoc questions or changes within the group will be implemented successfully in processes and the internal control framework and that cross functional impact is properly taken into account.
Maintain an external network of peers, external counsel, banks, regulators and advisors in order to be up to date on latest developments and apply external best practices.
Experience and education:
Master’s degree in relevant field with strong analytical and problem solving ability
Fluent in English and preferably in Mandarin, both verbally and in writing;
Excellent communication skills
Over 10 years’ experience in Treasury in large globally operating companies with demonstrated Treasury achievements in the relevant Asian markets
In depth knowledge of cash & investment management, financial risk management, related instruments, deal-making/negotiating, bank relationship management and relevant accounting and contracting
Experience in managing and coaching a multi-cultural team working in different locations globally, including solid understanding and experience with setting up admin and control frameworks and organization
Solid understanding of underlying business processes and related financial flows
Good knowledge of relevant legal, accounting and taxation aspects
Strong drive with a hands-on, structured, accurate and result oriented working style;
Team player with the ability to build relationships with colleagues globally, also in other functional areas;
Multi-disciplinary & multi-cultural understanding, values differences and is able to bridge between different departments and people;
Strives for continuous improvement;
Committed and flexible (going the extra mile);
Has a strategic and innovative mindset;
Is able and dares to kick the tires/challenge the status quo;
Demonstrable ability to engage and manage senior and different level stakeholders and multicultural audience through superior communication and presentation skills.
Creative in anticipating changes in business activities and their risk consequences