Treasury Manager, FX and Risk

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Who We Are

Bio Marin is a global biotechnology company that relentlessly pursues bold science to translate genetic discoveries into new medicines that advance the future of human health.

Since our founding in 1997, we have applied our scientific expertise in understanding the underlying causes of genetic conditions to create transformative medicines, using a number of treatment modalities.

Using our unparalleled expertise in genetics and molecular biology, we develop medicines for patients with significant unmet medical need. We enlist the best of the best – people with the right technical expertise and a relentless drive to solve real problems – and create an environment that empowers our teams to pursue bold, innovative science. With this distinctive approach to drug discovery, we’ve produced a diverse pipeline of commercial, clinical and preclinical candidates that have well-understood biology and provide an opportunity to be first-to-market or offer a substantial benefit over existing therapeutic options.

About Corporate Groups

It takes a village, and at Bio Marin our corporate groups are the people behind our success. Groups such as IT, Finance, Legal, Global Compliance & Ethics, and our People Team provide foundational support of all areas of operation at Bio Marin. Treasury Team and Position Summary Vision:
Be a strategic and scalable best in class Treasury Organization focused on risk management and value creation. Mission:
Act as Bio Marin’s trusted financial steward by providing meaningful advice and risk mitigation strategies in support of the development and distribution of patient therapies worldwide. Reporting to the Treasury Director, the Treasury Manager will be primarily accountable for the Global Foreign Exchange Balance Sheeting program, including researching, forecasting and reporting. This role will require someone with multi-national corporate treasury experience who is highly technical, hands-on, detail oriented, with strong organizational and communication skills .

This role is based in the San Rafael offices of Bio Marin. Additionally, the role will have the opportunity to support and develop in the Insurance and Risk function, providing a great way to learn multiple areas of corporate risk. Essential Foreign Exchange Functions:

• Own company’s FX balance sheet hedging model and recommendations
• Recommend and assist in the execution of daily/monthly FX trading activity including NDFs, forwards, spots and swaps
• Assist with evaluation, recommendation and implementation of current and potential FX strategies
• Monitor trading activity and hedge positions to support hedge effectiveness calculations and ensure compliance with hedge accounting and tax requirements
• Own FX rate file with analysis to support the sales function.
• Assist with ad-hoc FX analysis and requests for sales executives
• Perform FX related SOX and internal controls
• Maintain FX systems, contracts, and bank relationships
• Create FX reporting package for CAO and coordinate with accounting on FX results
• Develop financial models that support strategic initiatives and allow senior leadership to evaluate critical financial decisions
• Review best practices and hedging strategies with peers and advisors (banks, consultants, etc.)

• Support Property and Casualty insurance, COIs, and other Risk activities that are part of annual renewals and also ongoing compliance
• Standby Letter of Credit administration
• Assist in bank portal security administration – users and entitlements

• Bachelor’s Degree in Finance, Economics or related…