Job Information
VF Corporation Director, Treasury Lead in Stabio, Switzerland
VF Corporation is looking for an exceptional Director, Treasury Lead to join our company based in Stabio, Switzerland.
Let’s talk about the role!
As the Treasury Lead for the EMEA region, you will play a critical role in shaping and executing treasury strategies. Collaborating closely with the central treasury team in the United States, you will identify improvements and drive initiatives to optimize EMEA treasury operations and support VF initiatives. Your responsibilities include maximizing cash flow, developing cash concentration, facilitating repatriation, minimizing FX risk, and managing a global multicurrency cash pool. Your goal is to enhance liquidity management, mitigate risk, and optimize financial resources to support organizational growth and stability. The ideal candidate will possess proven treasury experience, strong analytical and communication skills, and a deep understanding of international financial markets
You will be asked to work closely with other VF stakeholders including operational teams, legal, tax, and US and APAC treasury.
Primary responsibilities:
1. Operational Delivery
Develop treasury operations to ensure effective monitoring and management of EMEA cash, investments, debt, foreign exchange, treasury reporting and accounting and other treasury-related activities
In conjunction with Global Treasury, develop and implement best practices regarding treasury operations, leveraging an integrated treasury system (Kyriba) to monitor and forecast cash flows
Manage global multi-currency notional cash pool to ensure compliance with tax and legal requirements by entity while minimizing risk from principal balance, FX, and interest expense
Serve as EMEA lead in managing FX exposures by coordinating with EMEA subsidiaries to identify foreign currency exposures and support global cash flow hedge program managed by US treasury, manage and execute EMEA balance sheet hedging program, and assist US treasury in continued process improvement as it relates to managing FX risk
Build and manage strategic alliances with key financial institutions to align EMEA’s financing needs and treasury practices
Manage the allocated Treasury Team to prioritize activities, as required, cascading the priorities to retained team
Ensure that treasury processes are in line with the designed standard Process Framework
Manage knowledge transfer to internal team
Provide process specific sign-off or approval where needed
Oversee all related EMEA Treasury controls, reporting and accounting activities in compliance with Sarbanes-Oxley 404 controls and financial reporting requirements, including all accounting policies relating to treasury activities (cash, investment, debt, capital, interest, derivatives, fx, etc.), bank reconciliations, and payment management
2. Service Performance Management
Facilitate Inter-Departmental Alignment by ensuring seamless collaboration and understanding of dependencies with other Finance teams and proactively identify process improvements to optimize efficiency
Standardize processes and share best practices across Treasury teams and with other Finance teams to ensure consistency
Develop stakeholder relationships and enforce high communication standards among team members
Manage service operational performance against targets (e.g., bank fees reduction or working capital optimization)
Focus on driving operational metrics and KPIs in order to meet SLAs and Business outcomes
Provide input required for processes re-design; e.g. review all new expansion and transformation opportunities and provide review on risks, issues etc.
3. Governance
Assume the role of the 1st point of escalation for processes delivered by the retained team
Active participation in governance meetings and provide agreed inputs as required
Coordinate governance matrix
4. People/Team Leadership
Oversee a lean team responsible for process execution, while effectively coordinating activities with external service providers
Recruit, train, develop and coach team members, and assist them with complex activities as needed
Set process-based objectives and targets for individuals that are linked to API and align with the wider company strategy
Maintain robust advancement plans for the department and actively engage in career planning discussions with Treasury team members
Perform performance reviews and evaluations
5. Continuous improvement and transformation
Proactively identify opportunities for system, process, and method improvements, ensuring ongoing adaptation to align with evolving business needs
Work with the internal and/or outsourced provider to discuss and agree on continuous improvement initiatives across the process. This can be newly identified continuous improvement ideas and/or initiatives identified at other centers that are being rollout out globally to drive standardization
Work with the Training Support Team to manage continuous improvement training/schedule and embed innovation in delivery teams and ways of working
Govern new process integration with the designed standard Process Framework
Maintain frequent interaction with key stakeholders to gather, analyze internal requirements and identify opportunities to expand process scope or improve process effectiveness
Skills for Success
The requirements listed below are representative of the knowledge, skills, and /or abilities required for the individual to be successful in this position.
Experience: At least 8 years of experience in finance roles, focusing on corporate financing and treasury
Languages: Proficient in English spoken as well as written
Education: Bachelor’s degree in corporate finance
VF is a global apparel company connecting people to the lifestyles they cherish through our family of iconic brands. At the heart of our journey lies our purpose: We power movements of sustainable and active lifestyles for the betterment of people and our planet. This is our purpose. It’s the reason we come to work every day. Our purpose unites us and leads us to pursue our goals, together. This is our calling. Learn more at vfc.com
What’s in it For You
We’re in the business of unleashing human potential, driven by the ideas, energy and commitment of our people. That’s why we offer comprehensive benefits that encourage mental, physical and financial well-being for all VF associates. When it comes to benefits, we’re the total package.
A supportive feedback-based culture where respect and integrity guide us in what we do
An inclusive international environment where people of diverse backgrounds, lifestyles and nationalities love working together
Be part of an iconic lifestyle brand in a multi brand, multi countries organization
On site gym offering health and well-being initiatives
A discount card with 50% on all VF brands
Break out areas offering complimentary hot drinks
Relocation support may be available to applicants who lives more than 100 km from Stabio.
Free to Be, Inclusion & Diversity
As a purpose-led, performance driven company, we strive to foster a culture of belonging based on respect, connection, openness and authenticity. We are committed to building and maintaining a workplace that celebrates the diversity of our associates, allowing them to bring their authentic selves to work every day.
As an equal opportunity and affirmative action employer, VF is committed to support disadvantaged groups whilst providing equal opportunities for both VF associates and applicants alike.
If you like what you have read and want to join our team then we would like to hear from you!
R-20240628-0009
VF Diversity Vision Statement VF is committed to creating an inclusive environment that welcomes and values the differences among all of our associates, customers, suppliers and the communities in which we live and conduct business. The continued success and growth of VF is enhanced through initiatives that promote diversity throughout VF around the world.VF is an equal employment opportunity/ affirmative action employer of minorities, females, protected veterans and the disabled. VF is committed to providing equal opportunities in employment, and treating our VF associates and VF applicants without discrimination on the basis of their race, color, gender, age, national origin, religion, sexual orientation, gender identity or expression, marital status, citizenship, disability, protected veteran status, HIV/AIDS status, or any other legally protected factor.
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