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Risk Manager – Treasury

Company: Lucid Motors
Location: Newark
Posted on: May 31, 2021

Job Description:

Leading the future of luxury mobility

Lucid’s mission is to inspire the adoption of sustainable energy by creating the most captivating luxury electric vehicles, centered around the human experience. Working at Lucid Motors means having a shared vision to power the future in revolutionary ways. Be part of a once-in-a-lifetime opportunity to transform the automotive industry.

The Treasury organization at Lucid is responsible for global cash operations, managing liquidity risk, managing banking relationships, manage short term and long term borrowing strategies, manage corporate and entity level capital structure, debt financing, corporate insurance, managing risk exposures such as FX, commodities and interest rates and investing Lucid’s cash balance.

As a key member of the Treasury function, the Treasury Risk Manager or Sr. Manager will be primarily responsible for developing FX and commodity hedging strategies, as well as the trading of derivatives for Lucid. This role will also support the Treasurer on managing the firm’s corporate insurance policies

Your duties will include:

  • FX and Commodities risk management:
  • Measure, analyze, monitor, and influence FX and Commodities exposure management across the corporation 
  • Manage holistic assessment process to proactively identify risk and develop exposure management strategies for balance sheet and forecasted cash flow risk
  • Set consistent framework for market risk across the company in partnership with key stakeholders such as supply chain and operations finance
  • Enhance global market risk policies, procedures and corporate governance
  • Identify and assess exposure, build mitigation plans and ensure compliance with internal controls
  • Help with ISDA negotiation and setting up of accounts
  • Complete execution of all financial derivatives for the corporation with banks and counterparties
  • Work closely with accounting to manage election and requirement of ASC 815 (FAS 133) hedge accounting, and ensure accurate accounting and settlement of derivative transactions
  • Support managing banking counterparty relationships from a market risk standpoint 
  • Partner with control functions (Finance, Supply Chain, Operations) and work with Lucid’s ERP system to leverage reports, processes and systems
  • Enhance risk reporting and analytics capabilities
  • Communicate risk management requirements to businesses and advise them on risk matters impacting their businesses by providing inputs on contracts and agreements

  • Support the Treasurer in managing Lucid’s relationship with our insurance broker
  • Help coordinating insurance data requests by working closely with legal and business owners across the organization
  • Provide input on insurance terms on key contracts 
  • Proactively manage Lucid’s risks by anticipating insurance needs as the business expands in scope and across international markets

What we are looking for:

  • 7+ years of experience in Treasury with a global company with at least 4+ years with direct FX and commodities risk exposure
  • Prior experience managing a corporate insurance program would be a plus
  • Bachelors degree in Business, Finance, Accounting or a technical field.  MBA / CFA / CTP strongly preferred
  • Proven analytical, communication skills and can present ideas and complex issues in a concise manner 
  • Self-starter with experience working in a fast-paced environment and can handle multiple priorities/projects simultaneously 
  • Experience with treasury systems, trading systems and SAP 
Be part of something amazing

Come work alongside some of the most accomplished minds in the industry. Beyond providing competitive salaries, we’re providing a community for innovators who want to make an immediate and significant impact. If you are driven to create a better, more sustainable future, then this is the right place for you.

At Lucid, we don’t just welcome diversity - we celebrate it! Lucid Motors is proud to be an equal opportunity workplace and is an affirmative action employer.  We are committed to equal employment opportunity regardless of race, color, national or ethnic origin, age, religion, disability, sexual orientation, gender, gender identity and expression, marital status, and any other characteristic protected under applicable State or Federal laws and regulations.

To all recruitment agencies: Lucid Motors does not accept agency resumes. Please do not forward resumes to our careers alias or other Lucid Motors employees. Lucid Motors is not responsible for any fees related to unsolicited resumes. 

Keywords: Lucid Motors, Newark , Risk Manager – Treasury, Other , Newark, California

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