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Balance Sheet FX Risk Senior Analyst


Budapest, Hungary

External Job Description

Diageo is the world’s leading premium drinks company with an outstanding collection of brands, such as Johnnie Walker, Smirnoff, Baileys, Captain Morgan, Tanqueray and Guinness.
Our purpose - Celebrating life, every day, everywhere - has an important role in our company, for our people, our brands, in how we perform and how we create shared value.
Diageo Business Services have been operating in the heart of Budapest for 15 years and provide added value for the company on a global level in the area of Finance, HR, Commercial Support, IT, Treasury and Business Intelligence.

The Taste:

The Budapest based BS FX Risk team forms part of the FX Risk management group, which also includes the Transaction FX team. The BS FX Risk team is responsible for managing translational FX Risk by coordinating Group net investment hedging and managing short term balance sheet FX exposures.
The purpose of the role is to support the BS FX Risk Junior Manager in analysis, hedging, activities in respect of Translational FX exposures for the Group, maintain an appropriate control environment.


• Take ownership on daily management of short term balance sheet FX exposure
• Assess the underlying drivers of material changes in forecast/actual FX exposures versus expectations.
• Demonstrate a full understanding of the end-to-end fx risk management process including interdependencies between FX and other Treasury policies
• Forecast and identify FX risk exposures (of business as usual cash flows / balance sheet exposures as well as FX impacts of projects) and identify hedging requirements in line with policy
• Support quarterly rebalancing (hedge trade recommendation) process with analysis of Actual variances and calculations on forecast
• Support net investment hedge accounting with necessary (a/c standard compliant) documentation.
• Assess understanding of the FX risk and possible impact of business activities within the Group.
• Prepare Hedge designation documentation and ensure it is reviewed and approved by the BS FX Junior Manager.
• Support BS FX Risk Team Leader with analyses on Group-level net investment exposures and basic calculations for quarterly Balance Sheet Rebalancing
• Drive process simplification/efficiency, finding solutions and bring into live.
• Assess the FX implication of tax and treasury projects.
• Manage documentation of Translation FX risk management policies and practices to comply to accounting standards and control frameworks, including CARM, IAS39 and Sarbanes-Oxley

How to Serve:

• College or University Degree
• Minimum 3 years of experience within accounting
• Good business English; able to effectively communicate with all the relevant parties
• Strong analytical and spreadsheet modelling skills; adopts a structured, logical, well-documented approach to their work
• Experience within treasury is a great advantage

Cherry on Top:

• Opportunity to climb up on the career ladder
• We won the Fittest Workplace Award, of course we have a Gym
• Urban legend is true, we do have a Rooftop Bar
• Easy to reach downtown location
• Our unique brands are available in our staff shop
• We live our values and color our lives.


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