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Manager, Middle Office, Regional Treasury Asia Pacific

Intermediate (3-6 years)


Technical Skills

  • Accountancy
  • Bloomberg
  • Budgets
  • Cash Management
  • Compliance
  • Corporate Communications
  • Cost Analysis
  • Costing
  • Derivatives
  • Economics
  • FX
  • Invoicing
  • Market Development
  • Mergers & Acquisitions
  • Microsoft Access
  • Procurement
  • Risk Management
  • SAP
  • Treasury
  • Valuation

Job Description

Manager, Middle Office, Regional Treasury Asia Pacific

Location: HK-Hong Kong-Hong Kong

Located in Hong Kong, BASF’s Asia Pacific headquarters oversees more than 18,000 employees at about 100 production sites and 125 sales offices across the region. In addition to a number of regional business units, the Hong Kong office also houses regional functional units including Corporate Affairs, Finance and Controlling, Human Resources, Management Consulting, Procurement and Supply Chain Services.
Objectives of the Position
  • Reporting to Director, Regional Treasury Asia Pacific, the incumbent will
    • In charge of Regional Treasury Middle Office responsible for Regional Treasury risk management including that for foreign currency, country, counterparty, compliance and operation
    • Develop and enforce risk management guidelines
    • Provide expertise and trainings in regard to treasury risk management to regional finance and controlling communities as well as business units
    • Support cost center budget controlling
Job Responsibilities
  • Monitor foreign currency exposure development for all subsidiaries (including JVs) in the region, and develop continuous improvement of strategies
  • Validation of derivatives valuation
  • Responsible for the establishment of hedging contract for entities covered by platform
  • Monitoring market development of FX risk management tools in close contact with external banking partners
  • Monitor bank limit  and assign new or adjust with approval
  • Develop cash position, credit facility to ensure full compliance of cash investment, facility limits and the hedging strategies and identify potential of strategy adjustment
  • Support currency risk management in regional M&A projects
  • Coordinate Front and Back Office in developing and updating process description and work instruction with focus on instalment of risk management measure for improvement
  • Partner with procurement and business units in invoicing currency determination for external suppliers and customers
  • Oversee access right of e-banking tools, account authorization and as administrator of other treasury related systems
  • Monitor and improve Regional Treasury cost accounts development, provide cost analysis and implementation of cost charge-outs
  • Bachelor degree preferably Finance, Banking, Economics, or related disciplines; MBA or Master degree is highly welcomed
  • At least 5 years of relevant experience in treasury operation, preferably in chemical or related industries
  • Profound understanding and operation experiences about cash management and FX risk management products such as cash pooling, netting, bank deposits, loans, money market instruments, FX spot, forwards, options
  • High risk awareness and strong ability in risk identification and assessment based on various information sources
  • Experience working in multinational interdisciplinary environment
  • Strong communications skills, self-motivated, and able to work independently as well as being a good team player
  • Proficient in SAP and Bloomberg
  • Fluent in English
Employment TypeFull-time
Career LevelIntermediate (3-6 years)
Education LevelMaster
BASF AGManufacturing and Industrial

45/F Jardine House, 1 Connaught Place, Central

directions_walk6 mins walk from Central Station