The Role
Lead development and execution of the Group FX risk management strategy: identify and measure FX exposures, implement hedging using forwards/options/swaps, negotiate with banks, optimize FX processes (netting, payments), support TMS/ERP implementation, ensure compliance and hedge accounting, report hedging effectiveness, and train local finance teams.
Summary Generated by Built In
The FX Risk Manager will be responsible for developing, implementing, and managing the foreign exchange (FX) risk management strategy for the inDrive Group. This role involves identifying, measuring, monitoring, and hedging the Group's FX exposures to minimize financial volatility and protect profitability. The ideal candidate will possess deep expertise in FX markets, financial instruments, and international treasury operations, with a proven ability to translate complex financial concepts into actionable strategies.
Key Responsibilities
Strategy & Policy:
Develop and maintain the Group's FX risk management policy, aligning it with overall treasury objectives and corporate risk appetite.
Advise senior management on FX market developments, hedging strategies, and potential financial impacts.
Define clear objectives, risk tolerance levels, and acceptable exposure limits for FX risk.
Risk Identification & Measurement:
Identify and quantify all types of FX exposure (transactional, translational, economic) across global subsidiaries and currencies.
Implement and utilize tools for accurate exposure forecasting, aggregation, and reporting.
Monitor FX market trends, economic indicators, and geopolitical events for potential impacts on currency movements.
Hedging Operations:
Execute hedging strategies using appropriate financial instruments (e.g., spot, forwards, options, swaps) to mitigate identified exposures.
Negotiate FX rates and terms with banking partners and payment providers to optimize hedging effectiveness and cost efficiency.
Manage and monitor the Group's hedging portfolio
Process & Systems:
Optimize FX-related processes, including intercompany netting, multi-lateral netting, and local currency payment strategies (natural hedging).
Work closely with Treasury Systems and IT teams to implement and enhance FX risk management modules within the Treasury Management System (TMS) and ERP.
Ensure data integrity and automation for FX exposure reporting.
Treasury operations:
Bank relationship management (bank compliance, opening of bank accounts, negotiating banking fees and services)
Payment processes coordination (enusure secure and efficient payment processes)
Cash flow planning (monitor daily cash positions and ensure adequate liquidity).
Treasury operations:
Bank relationship management (bank compliance, opening of bank accounts, negotiating banking fees and services)
Payment processes coordination (enusure secure and efficient payment processes)
Cash flow planning (monitor daily cash positions and ensure adequate liquidity).
Compliance & Reporting:
Ensure compliance with internal FX policy, accounting standards (e.g., hedge accounting), and relevant financial regulations across all jurisdictions.
Prepare and present regular reports to management on FX exposure, hedging effectiveness, P&L impact, and market outlook.
Manage documentation for all hedging activities.
Collaboration & Training:
Collaborate with local finance teams, business units, and other Treasury functions to understand their FX exposures and provide guidance.
Educate and train internal stakeholders on FX risk principles and compliance requirements.
Skills, Knowledge & Expertise
- 4+ years of experience in Treasury, with a focus on FX risk management
- Hands-on experience with FX hedging instruments (forwards, spot; options/swaps as a plus)
- Good understanding of FX exposures and practical risk management approaches
- Experience executing FX transactions and working with banking partners
- Solid analytical skills (exposure tracking, forecasting, reporting — Excel or similar)
- Experience with treasury processes (cash flow planning, payments, bank relationships)
- Ability to clearly communicate FX risks and recommendations to stakeholders
- Experience in a multi-currency environment; TMS/ERP exposure is a plus
Job Benefits
- Stable salary, official employment;
- Health insurance;
- Hybrid work mode;
- Relocation package offered for candidates from other regions;
- Access to professional counseling services including psychological, financial, and legal support;
- Discount club membership;
- Diverse internal training programs;
- Partially or fully payed additional training courses;
- All necessary work equipment.
About
inDrive is a global tech company on a mission to challenge injustice. We started in 2012 in the coldest city on Earth, when a group of friends created a way for people to agree on fair ride prices. That idea grew into one of the world’s top ride-hailing apps, now with 360M installs across 48 countries.Today, we offer more than rides: from freight and delivery to intercity travel and financial services, all designed to put people first. Our goal is to positively impact 1 billion lives by 2030. Through inVision, our non-profit arm, we support education, entrepreneurship, and equality in underserved communities.Ready to ignite your inner drive?
Skills Required
- 4+ years of experience in Treasury with focus on FX risk management
- Hands-on experience with FX hedging instruments (forwards, spot)
- Experience with options and swaps
- Experience executing FX transactions and working with banking partners
- Solid analytical skills for exposure tracking, forecasting, and reporting (Excel or similar)
- Experience with treasury processes (cash flow planning, payments, bank relationship management)
- Experience operating in a multi-currency environment
- Exposure to Treasury Management Systems (TMS) and/or ERP implementations
- Knowledge of hedge accounting and compliance across jurisdictions
- Ability to communicate FX risks and recommendations to senior stakeholders
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The Company
What We Do
inDrive is a global IT and transportation platform inDrive is one of the world’s fastest growing online ride-hailing services. Its services are available in over 749 cities in 46 countries throughout the world. The Company’s app has been downloaded over 150 million times. inDrive offers other services, including intercity transportation, freight and cargo services, as well as delivery services in different markets of operations. inDrive is based in Mountain View, California, and operates regional hubs in the Americas, Asia, the Middle East, Africa and the countries of the CIS, and employs over 2,000 people. In early 2021, inDrive achieved unicorn status after closing a $140m investment round with Insight Partners, General Catalyst, and Bond Capital, which valued the company at $1.23 billion.
