Introduction ASML Korea is looking for a Treasury Manager! Are you up for a new challenge in one of the World’s top multinational companies? Are you a strong hands-on professional with broad treasury experience and excellent stakeholders management skills? Are you well-versed in cash and financial risk management, inter-company and bank financing, treasury interactions with business projects and compliance with regulations in Korea and broader APAC? Are you a relationship builder who can navigate successfully in a complex stakeholders’ landscape and be able to convince senior leaders? Then this role might be something for you. We are looking for a professional who makes a difference because it’s in your nature to understand the multinational business of ASML and to translate that into effective and efficient risk management and cash centralization strategies, financing solutions and secure treasury related compliance. Job Mission At ASML we constantly have to ensure that our people, expertise and information enable us to realize our growth and meet our ambitious business objectives. Especially in the fast growing and demanding semiconductor business in which we operate, it requires Treasury to bring breakthrough and creative solutions and go beyond the established paths enabling ASML’s future growth and success. Treasury is a part of the Expert Advisory team which includes the expertise areas of treasury, tax, legal and accounting. These disciplines are closely working together to support the business with integrated expertise and advice. You will be responsible for the overall Treasury management of ASML’s business in Korea and support other APAC countries, that include China, Taiwan, Hong Kong, Japan, Malaysia, Singapore, India. You will be an integral part of the global corporate treasury team, with members located in the Netherlands, Korea, China and the US as well as the broader Expert Advisory team. You will report to the Treasury Director Corporate Cash & Financial Risk Management (CC & FRM) located in the Netherlands. Context of the position: The Treasury CC & FRM team provides expertise and advisory on cash, liquidity, in-house banking, investments, intercompany and 3rd party financing and financial risk management (FX, financial counterparty and customer credit risk, interest and commodity risk), supporting the CFO/EVP Finance, other Finance functions (Financial Control, Business Control, Tax) and business functions, like Procurement and Sales. The team owns the day-to-day management of all cash, investments, inter-company funding and financial risks for the group as well as represents Treasury in global and local business projects that require dedicated Treasury expertise. The CC & FRM team operates in a business environment that is characterized by ongoing and fast change in many areas, such as: - (Adjacent) internal processes and systems;
- Application of emerging technologies in Treasury such as banking and dealing systems;
- Interlinkages between the various systems (API’s);
- Increasing need for real time info on exposures with automated processing (e.g. end-to-end automation, robotic process automation, artificial intelligence);
- Increasing demand for flexible and real time dashboard reporting (business intelligence tooling), (central) banking requirements and financial markets, local laws and regulations.
Keeping up with the fast changing developments, strong growth of the company (in terms of sales, people, complexity, etc.) and adjusting the organization (people, processes and systems) accordingly is essential for success of the Treasury function. In order to assure cash, investment and financial risk management in a compliant way, understanding and application of local laws and regulations related to the Treasury activities within the ASML group is essential. The CC & FRM team is part of the Corporate Treasury organization headed by the Corporate Treasurer. Next to the CC & FRM function (12FTE), also the Corporate Finance function (3FTE) and the Corporate Insurance function (3FTE) are part of the Corporate Treasury organization. Team members are located in the Netherlands, Korea, China and the US. The Corporate Treasury team is supported by the global ASML Business Services (ABS) organization, which executes operational and back office related activities. It will be your responsibility to maintain a solid relationship with the ABS organization and monitor the effectiveness and efficiency of the execution of the relevant activities. Role and responsibilities The Treasury Manager is responsible for: - Local financial risk management expertise and advisory, keeping in mind the global perspective. Being able to assess and quantify financial exposures and translate these into hedging and investment strategies that are effective in protecting the company for financial loss.
- Cash and liquidity management focused on repatriation of cash from Korea (and other APAC countries) to the Netherlands, including responsibility for related compliance with local regulators.
- Development of investment strategies with the purpose of creating a risk balanced return on the investment portfolio.
- Setup of intercompany financing structures and related instruments in close alignment within the local and global Expert Advisory teams.
- Drive compliance with local laws and regulations, proactively identify risks and select mitigation actions. Assure cash, investment and financial risk management happen in a compliant way by understanding and application of local laws and regulations related to the treasury activities.
- Provide expertise and advice in all Treasury related areas to other Finance functions, sectors and business lines in close collaboration with other expertise functions. Lead or be a member of relevant corporate or sector project teams. Such projects could encompass a large variety of initiatives from starting a business in a new country to changing the way we deliver our machines to the customers.
- Relationship management with banks, insurance brokers, system providers, consultants, etc.
- Contribute to processing and claims handling in relation to local insurance policies.
- Own local trade finance topics and advice business in this area.
Education and experience - Master’s degree in relevant field with strong analytical and problem solving ability.
- Excellent in both Korean and English; verbally and in writing. Other APAC languages (especially Chinese) would be considered as an asset.
- At least 10 years’ experience in Treasury in large globally operating companies with demonstrated Treasury achievements in Korea and the other relevant Asian markets. International experience is preferred.
- Experience with various business models, tax models and logistical models, including related intercompany flows.
- Strong focus on compliance with local laws and regulations in Treasury and good knowledge of relevant accounting and taxation aspects. Experience in interacting with Bank of Korea (BOK) and other official bodies in Korea and APAC.
- Experience in collaborating in multi-cultural teams working in different locations and time zones globally.
Skills - Highest level of ethics, loyalty and personal integrity.
- Strong drive with a hands-on, structured, accurate and result oriented working style.
- Excellent communication skills. Ability to effectively explain complex concepts to stakeholders at different levels in the organization and achieve alignment on complex matters with conflicting interests.
- Demonstrable ability to engage and manage (senior) stakeholders in a multicultural setting through superior communication and presentation skills
- Strong sense of urgency and ability to timely align with the global team in the Netherlands and other locations for time sensitive matters.
- Team player with the ability to build relationships with colleagues globally, also in other functional areas.
- Multi-disciplinary & multi-cultural understanding, values differences and is able to bridge between different departments and people.
- Strives for continuous improvement.
- Committed and flexible (going the extra mile).
- Has a strategic and innovative mindset.
- Assertiveness, is able and dares to kick the tires/challenge the status quo in a respective manner.
- Creative and pro-active in anticipating changes in business activities and their risk consequences.
Diversity and inclusion ASML is an Equal Opportunity Employer that values and respects the importance of a diverse and inclusive workforce. It is the policy of the company to recruit, hire, train and promote persons in all job titles without regard to race, color, religion, sex, age, national origin, veteran status, disability, sexual orientation, or gender identity. We recognize that diversity and inclusion is a driving force in the success of our company.
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