Sr. Manager, Global FX & Capital Markets_

Baltimore

Sr. Manager, Global FX & Capital Markets

**Date:** Jun 7, 2024

**Location:** Baltimore, MD, US, 21230

**Company:** Under Armour

**Values & Innovation**

At Under Armour, we are committed to empowering those who strive for more, and the company's values - Act Sustainably, Celebrate the Wins, Fight on Together, Love Athletes and Stand for Equality - serve as both a roadmap for our teams and the qualities expected of every teammate.

Our Values define and unite us, the beliefs that are the red thread that connects everyone at Under Armour. Our values are rallying cries, reminding us why we're here, and fueling everything we do.

Our pursuit of better begins with innovation and with our team's mission of being the best. With us, you get the freedom to go further - no matter your role. That means developing, delivering, and selling the state-of-the-art products and digital tools that make top performers even better.

If you are a current Under Armour teammate, apply to this position on theInternal Career Site Here. (uccessfactors.com/sf/careers/jobsearch?bplte\_company=ua&\_s.crb=aNMP8gWoYkBDFn%252bz2BldysgcgQHZpVs6tHzE9smSuXE%253d)

**Purpose of Role**

The **Sr. Manager, Global FX & Capital Markets** , along with one direct report, is responsible for all aspects of Under Armour's FX and interest rate risk management and Capital Markets activities. Specific responsibilities include managing FX and interest risk for the global company, improving Working Capital, supporting the negotiation of Credit Facilities, any equity/debt market transactions & rating agencies interactions, enhancing the supply chain financing & AR sale programs, overseeing the daily and monthly execution of the Company’s hedging strategy, coordinating cross-over functions between FX and global cash management. The Sr. Manager will also act as an advisor and business partner to Business Units and Continents in the areas of FX, interest rates, capital markets, and supply chain financing & AR sale programs.

**Your Impact**

+ Oversee and manage the global execution of the Company hedging strategies to mitigate exposure to significant FX and Interest Rate risks. Responsibilities include:

+ Managing monthly balance sheet hedge program

+ Executing cash flow and net investment hedge strategies

+ Analyzing and assessing currency exposures to identify opportunities to enhance the hedging program

+ Monitoring interest rate risk, developing recommendations, and supporting the execution of the strategy to manage risk within established guidelines

+ Partnering with various banking providers to evaluate and enhance existing hedging programs

+ Preparing monthly accounting reconciliations and ensuring compliance with applicable derivative regulatory requirements

+ Performing sensitivity analysis on budgets and forecasts due to movements in FX rates

+ Executing bi-annual VaR analysis

+ Establishing and maintaining key FX banking relationships including negotiation of counterparty agreements such as ISDAs

+ Lead quarterly FX and capital markets update with Senior Leadership by preparing key supporting schedules, participating in the discussions, and documenting key takeaways and action items

+ Optimize global working capital via enhancing the Supply Chain Finance programs and Accounts Receivable sale strategies, exploring local working capital lines; inventory-based financing, p-card or v-card solutions for indirect inventory

+ Support rating agency relationship, forecast calculations to inform management; weighted average capital calculation (WACC) and assist VP of Treasury in the negotiation of Credit Facilities and any equity/debt market transactions

+ Forecast Other Income and Expense in line with Company forecasting calendar; perform sensitivity analysis on budgets and forecasts due to movements in FX and interest rates

+ Review monthly accounting reconciliations and ensure compliance with applicable derivative regulatory requirements

+ Monitor and advise on counterparty credit risk throughout the organization

+ Support managing international cash flow/cash needs and investments as they relate to foreign currency funding and long-term international capital structure decisions

+ Performs other duties as assigned to meet business needs

**Qualifications**

+ Bachelor's degree in Accounting or Finance; MBA preferred

+ 7-10 years of treasury experience at a large multinational company

+ Knowledge of worldwide financial and capital markets, and tax, legal, and accounting issues pertaining to derivatives and other capital markets tools preferred

+ Understanding of generally accepted finance and accounting policies, principles, and controls

+ Experience with treasury workstations and SAP a plus

+ Demonstrated leadership skills, willingness to “do what it takes” to get the job done-done-done, and commitment to challenging the status quo to make things better

**Workplace Location**

+ **Location:** This individual must reside within commuting distance from our global headquarters in Baltimore, MD

+ **Return to Work Designation:** Three (3) days week in-office, the remainder of work week remote

+ **Licenses/Certifications:** Certified Treasury Professional (CTP) preferred

**Relocation**

+ No relocation provided

**Base Compensation**

+ $145,303.00 - $199,790.80 USD

_Most new hires fall within this range and have the opportunity to earn more over time. Initial placement within the salary range, however, is based on an individual's relevant knowledge, skills and experience for the position. UA is committed to helping our teammates succeed and advance in their careers. Base salary is only one component of our competitive Total Rewards package._

\#LI-Hybrid

\#LI-SM3

**Benefits & Perks**

+ Paid "UA Give Back" Volunteer Days: Work alongside your team to support initiatives in your local community

+ Under Armour Merchandise Discounts

+ Competitive 401(k) plan matching

+ Maternity and Parental Leave for eligible and FMLA-eligible teammates

+ Health & fitness benefits, discounts, and resources - We offer teammates across the country programs to promote physical activity and overall well-being

**Our Commitment to Diversity**

At Under Armour, we are committed to providing an environment of mutual respect where equal employment opportunities are available to all applicants and teammates without regard to race, color, religion or belief, sex, pregnancy (including childbirth, lactation and related medical conditions), national origin, age, physical and mental disability, marital status, sexual orientation, gender identity, gender expression, genetic information (including characteristics and testing), military and veteran status, family or paternal status and any other characteristic protected by applicable law. Under Armour believes that diversity and inclusion among our teammates is critical to our success as a global company, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. Accommodation is available for applicants with disabilities upon request.