Senior Vice President for International Finance
Reporting to the President of the firm and working closely with the President of the International Division, the Senior Vice President of International Finance will develop and establish the international financial function of the organization.
Responsibilities will include but not be limited to the following:
- Design, in concert with President of the firm, the international forex strategy
- Oversee and revamp the international currency trading strategy and practices
- Design and implement international hedging strategy
- Audit, assess, and recommend changes in the collections process internationally, and implement needed and approved changes
- In concert with shareholders, develop clear policies and transparent procedures for international financial decisions by shareholders, to be communicated to all members of organization involved in carrying out those decisions.
- Maintain the company’s international banking relationships; increase and expand the company’s bank international partnerships
- Be supportive and a partner of Sales; contribute to the organization’s financial education, e.g. analysis of customer and agent partnerships and their profit performance; work in the field with customers, agents and the sales team, gaining an appreciation and understanding of the core business.
- Engage the international Treasury area and transition the foreign exchange operation up to the next level; install safe but effective trading programs and strategies - garnering increased profits from this area. Prepare for full transition to direct CFO control by the end of 2013.
- Install reliable international financial controls and consistent reporting systems.
- Assess the International Financial Department’s talent; establish development programs; hire high performers to support international expansion; redeploy and make other changes as needed.
- Work collaboratively with current Senior Vice President, Finance to develop strategy and roadmap to pay note for acquisition of CMT, which is due in June 2014.
- Travel 30—40% of time, internationally.
- Establish credibility with shareholders to transition to position of Global CFO within 12 months, so as to have oversight of entire international finance organization.
- Must have experience and knowledge of managing financial institutions regulatory requirements in the various jurisdictions where the company is licensed.
- Work collaboratively and with the Managing Compliance Risk Director to effectively manage regulatory requirements
- Ensure all regulatory licensing requirements including but not limited to; filing, reporting, audit are complied with in all international jurisdictions in a timely fashion.
- Serve as an officer/director of our international entities where required.
- Implement and manage a Financial Governance Model to where policies and procedures are designed to meet segregation of duties and adhere to no conflict of interests.
- Develop a reporting mechanism on a monthly, quarterly and annual basis to the Board and Audit and Finance Committee as required.
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