We are currently exploring potential candidates for an upcoming role at McDermott. While this position is not yet open for active recruitment, we want to connect with talented individuals who may be interested in future projects with us. If you are passionate about building energy's future and want to be considered when this role becomes available, we encourage you to submit your details.
Job Overview
The Principal Treasury Analyst – FX & Hedging is responsible for supporting the Company's global foreign exchange risk management program, executing and administering hedging strategies, monitoring currency exposures, and ensuring compliance with treasury policies and accounting requirements. The role partners closely with business units, accounting, FP&A, tax, and regional finance teams to identify, quantify, manage, and report foreign exchange risks. The position plays a critical role in protecting the organization from adverse currency movements through the use of financial derivatives and natural hedging strategies while supporting cash flow forecasting, hedge accounting, and treasury technology initiatives.
Responsibilities
Key Tasks and Responsibilities
- Manage and monitor global foreign exchange exposures, including transactional, translational, and forecasted currency risks across business units and regions.
- Execute and administer FX hedging strategies using approved derivative instruments such as forwards, swaps, options, and NDFs in accordance with Treasury Policy.
- Partner with FP&A, accounting, tax, and regional finance teams to identify exposures, improve forecast accuracy, and support risk mitigation strategies.
- Perform quantitative analysis and scenario modeling to evaluate the potential financial impact of currency market movements on earnings, cash flow, and balance sheet exposures.
- Support hedge accounting compliance by preparing documentation, assisting with effectiveness testing, and coordinating closely with accounting teams under ASC 815 or IFRS 9 requirements.
- Monitor financial markets, economic trends, and geopolitical developments to assess potential impacts on foreign exchange risks and recommend appropriate actions.
- Prepare treasury risk reports, dashboards, and management presentations covering FX exposures, hedge performance, market conditions, and key risk metrics.
- Maintain Treasury Management System (TMS) data and controls, ensuring accurate reporting, trade capture, valuation, settlement, and compliance with internal policies.
- Manage banking and counterparty relationships associated with FX trading activities in Bloomberg, including monitoring approved limits, documentation, and service performance.
- Drive treasury process improvements, automation initiatives, and internal control enhancements to strengthen risk management, operational efficiency, and SOX compliance.
Essential Qualifications and Education
- Bachelor's degree in Finance, Accounting, Economics, Business, or related field
- CTP, or other treasury-related certification preferred 5–8+ years of treasury, corporate finance, or risk management experience
- Strong experience with foreign exchange risk management and derivatives
- Experience supporting hedge accounting programs
- Experience within a multinational corporation preferred
- Experience using Treasury Management Systems (e.g. FIS Quantum, Kyriba, GTreasury)
- Must be able to perform effectively under tight deadlines with multiple priorities
- Must be team oriented and able to thrive in a fast paced, changing environment
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About UsFor more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
Skills Required
- Bachelor's degree in accounting, business, or finance
- MBA, CTP or CFA
- 4 to 5 years of work experience
- Experience working in the banking industry
- Attention to detail
- Fluency in hedging, variance analysis, amortization, derivatives, and liabilities
- Experience with spreadsheets and General Ledger software and systems
- Comfortable with decision-making and problem-solving for clients
- Demonstrated time management and critical thinking skills
McDermott International Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about McDermott International and has not been reviewed or approved by McDermott International.
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Leave & Time Off Breadth — U.S. materials cite a minimum of 23 PTO days and 14 paid holidays, indicating a broad leave offering. Paid time off and holidays are positioned as a comparative strength within the package.
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Parental & Family Support — Company materials indicate paid parental leave, including 10 weeks paid maternity and four weeks paid family bonding. These provisions reinforce support for families during key life events.
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Strong & Reliable Incentives — Field and offshore roles often include overtime, per diems, and project allowances that can materially increase earnings. These extras are a notable component of total compensation in project-driven roles.
McDermott International Insights
What We Do
McDermott is a premier, fully-integrated provider of engineering and construction solutions to the energy industry. Our customers trust our technology-driven approach to design and build infrastructure solutions to responsibly transport and transform oil and gas into the products the world needs today. From concept to commissioning, our expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. It is called the “One McDermott Way.” Operating in over 54 countries, McDermott’s locally-focused and globally-integrated resources include approximately 40,000 employees, a diversified fleet of specialty marine construction vessels and fabrication facilities around the world. To learn more, visit www.mcdermott.com.
