The FX Risk Manager will be responsible for developing, implementing, and managing the foreign exchange (FX) risk management strategy for the inDrive Group. This role involves identifying, measuring, monitoring, and hedging the Group's FX exposures to minimize financial volatility and protect profitability. The ideal candidate will possess deep expertise in FX markets, financial instruments, and international treasury operations, with a proven ability to translate complex financial concepts into actionable strategies.

Strategy & Policy:

Develop and maintain the Group's FX risk management policy, aligning it with overall treasury objectives and corporate risk appetite.

Advise senior management on FX market developments, hedging strategies, and potential financial impacts.

Define clear objectives, risk tolerance levels, and acceptable exposure limits for FX risk.

Risk Identification & Measurement:

Identify and quantify all types of FX exposure (transactional, translational, economic) across global subsidiaries and currencies.

Implement and utilize tools for accurate exposure forecasting, aggregation, and reporting.

Monitor FX market trends, economic indicators, and geopolitical events for potential impacts on currency movements.

Hedging Operations:

Execute hedging strategies using appropriate financial instruments (e.g., spot, forwards, options, swaps) to mitigate identified exposures.

Negotiate FX rates and terms with banking partners and payment providers to optimize hedging effectiveness and cost efficiency.

Manage and monitor the Group's hedging portfolio

Process & Systems:

Optimize FX-related processes, including intercompany netting, multi-lateral netting, and local currency payment strategies (natural hedging).

Work closely with Treasury Systems and IT teams to implement and enhance FX risk management modules within the Treasury Management System (TMS) and ERP.

Ensure data integrity and automation for FX exposure reporting.

Treasury operations:
Bank relationship management (bank compliance, opening of bank accounts, negotiating banking fees and services)
Payment processes coordination (enusure secure and efficient payment processes)
Cash flow planning (monitor daily cash positions and ensure adequate liquidity).

Compliance & Reporting:

Ensure compliance with internal FX policy, accounting standards (e.g., hedge accounting), and relevant financial regulations across all jurisdictions.

Prepare and present regular reports to management on FX exposure, hedging effectiveness, P&L impact, and market outlook.

Manage documentation for all hedging activities.

Collaboration & Training:

Collaborate with local finance teams, business units, and other Treasury functions to understand their FX exposures and provide guidance.

Educate and train internal stakeholders on FX risk principles and compliance requirements.