YOOX NET-A-PORTER GROUP is the world leader in online luxury and fashion that comprises a complete luxury retail ecosystem.
The Group sells directly to customers globally through its own family of multi-brand online shops NET-A-PORTER, MR PORTER, YOOX and THE OUTNET.
The Group's Online Flagship Stores Division partners with many leading luxury brands to power their own e-commerce destinations.
The Group has 4.3 million high-spending active customers globally.
As pioneers in bringing together the realms of technology and luxury, YOOX NET-A-PORTER satisfies the most discerning clientele with expertly curated products from the world's most coveted brands, personalised end-to-end service, the latest technology and inspiring content, all shaped by 20 years of insights into the modern shopper.
To support the teams who are powering this ecosystem we have a global Corporate division consisting of departments including Legal, Finance, Marketing and Sales, Strategy, Human Resources, Central Services and PR and Communications.
Our Corporate division are now seeking a talented Head of Group Foreign Exchange Risk to join the Group Treasury team.
Some of the essentials for you to know are: Location: Our offices in Milan, Italy Team Size: 11 resources (approx.)
Reporting into: Treasury & Finance Director Workplace Type: Hybrid Contract Type: Permanent Role purpose: The role is part of the centralized Group Treasury of YOOX Net-a-Porter Group.
This profile will contribute to design and implement the new FX risk management policy.
Here is a breakdown of what you'll be doing: Support the assessment of the Group FX risk exposure to define the hedging procedures and processes.
Support the periodical definition of the exposure, through the continuous interactions with the different business lines and departments.
Define and execute the FX hedging strategy.
Provide oversight in terms of foreign exchange risk and its hedging effectiveness.
Ensure limits and controls in place are robust and support risk appetite compliance.
Monitor the financial markets.
Prepare the management reporting for the activities under her/his responsibility.
Contribute to the creation of a Group FX culture.
Proactively support the implementation of the adequate level of efficiency and internal controls in the activities under her/his responsibilities, including the functional implementation of new dedicated systems and/or of specific functionalities in the systems in use.
The type of person we are looking for: Master's Degree in Economics 10+ years proven experience in Corporate Treasury Departments, with responsibility in the financial risk management processes.
Excellent knowledge of International Accounting Standards for financial instruments.
Ability with financial management systems.
Strong abilities in Project Management.
Analytical skills.
Good interpersonal skills.
Flexibility and ability to work in team.
Fluent English.
FIS treasury suite knowledge is a plus.
Experience Level: Mid-Senior level
Workplace Type: Hybrid
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