Career Area:

Enterprise Cross Functional

Job Description:

Your Work Shapes the World at Caterpillar Inc.

When you join Caterpillar, you're joining a global team who cares not just about the work we do – but also about each other.  We are the makers, problem solvers, and future world builders who are creating stronger, more sustainable communities. We don't just talk about progress and innovation here – we make it happen, with our customers, where we work and live. Together, we are building a better world, so we can all enjoy living in it.

About Us:

With 2024 sales and revenues of $64.8 billion, Caterpillar Inc. is the world’s leading manufacturer of construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

For 100 years, we’ve been helping customers build a better, more sustainable world and are committed and contributing to a reduced-carbon future. Our innovative products and services, backed by our global dealer network, provide exceptional value that helps customers succeed.

Caterpillar does business on every continent, principally operating through three primary segments – Construction Industries, Resource Industries and Energy & Transportation – and providing financing and related services through our Financial Products segment.

Job Description:

The Corporate Treasury team is looking for a talented and motivated Director of Foreign Exchange & Commodity Risk Management. This senior leader role serves as the global process owner for Caterpillar's foreign exchange and commodities risk management processes, reporting and governance. This position is a unique opportunity to be an integral member of a global corporate finance organization, a leader of a high performing global team of finance professionals and a relationship lead for multiple counterparty and third-party providers.

What You Will Do:

Primary Responsibilities may include, but are not limited to:

Leads a global team who manages the collection and analysis of Caterpillar’s foreign currency and commodity exposuresWorks closely with business partners to consult on foreign exchange and commodity items; provide foreign exchange and commodity training; and serve as an internal expert for foreign currency and commodity hedging topics.Assesses the company's risk exposure in foreign currencies and commodities. Analyzes and evaluates factors that could impact the cost of hedging those exposures. Maintains regular contact with corporate bank traders, economists, and strategy teams plus conduct extensive reading on developments in the financial markets and hedging instruments. Develops strategies to manage foreign currency and commodity price risks.Works with foreign exchange and global commodity trading teams to implement approved strategies. Must develop or have knowledge of foreign exchange and commodity instruments and option tools. Recommends appropriate prices to trade and works with corporate banks for quotes and trade execution.Typical internal customers include the Chief Financial Officer, Senior Vice President – Global Finance, Senior Vice President – Financial Products Division, Vice President & Corporate Treasurer, Assistant Treasurers, Regional Treasurers, Vice Presidents’ of Procurement and global business unit leadersPrepares reports for upper management on a monthly, quarterly, and yearly basis. Ensures coverage is within agreed limits and properly settle contracts. Participates in quarterly review sessions with Vice President & Corporate Treasurer, Sr. Vice President of Global Finance Services Organization and Chief Financial Officer. Must be able to explain hedging strategies and results to this Executive management group.Sets monthly peg rates and annual business plan rates for the company. Prepares files for upload to the corporate general ledger and verify accounts balance. Explains monthly marked-to-market results on outstanding contracts. Leads Sarbanes Oxley (SOX), internal audit, and Price Waterhouse Coopers reviews for all foreign currency and commodity derivatives. Develops, updates and maintains documentation for Risk Management audits to ensure acceptable controls are in place.Manages the Foreign exchange and commodity modules within the Quantum Treasury workstation. Manages the foreign currency and commodity forecast process.  Manages interfaces between 360T (trading platform), Finastra/Misys & ICE (confirmation platforms), Quantum (contract management/reporting platform) and the Caterpillar accounting systems.Provides advice to business units on foreign currency and commodity topics. Trains individuals on foreign exchange and commodity risk management best practices. Responsible for training foreign currency and commodity risk management administrators in trading tools, policies and practices, system usage, and report preparation.

What You Will Bring (Skills & Experience):

Financial Markets: Knowledge of the products, types, competitors, customer base, major issues and regulatory considerations in the financial markets; ability to apply financial market knowledge to various business environments.Communicating Complex Concepts: Knowledge of effective presentation tools and techniques to ensure clear understanding; ability to use summarization and simplification techniques to explain complex technical concepts in simple, clear language appropriate to the audience.Relationship Management: Knowledge of relationship management techniques; ability to establish and maintain healthy working relationships with clients, vendors, and peers.Team Management: Knowledge of effective team building techniques; ability to form and manage effective teams.Accuracy and Attention to Detail: Understanding the necessity and value of accuracy; ability to complete tasks with high levels of precision.Treasury Management: Knowledge of the principles and methods of managing treasury; ability to use tools, techniques and processes to maximize the value of an organization's financial assets and revenue while minimizing risk.Planning: Tactical, Strategic: Knowledge of effective planning techniques and ability to contribute to operational (short term), tactical (1-2 years) and strategic (3-5 years) planning in support of the overall business plan.Producing Results: Understanding of the criticality of getting things done despite current circumstances and the ability to utilize assigned resources and leverage back-channel resources (individuals or teams) to achieve or exceed planned outcomes.

Top Candidates Will Also Have:

Extensive knowledge in foreign exchange and commodity risk management products, services and operationsBachelor’s degree in finance, accounting, economics, insurance or business administrationExcellent interpersonal skills and the ability to maintain strong working relationships with internal and external partnersDemonstrated commitment to ensuring a strong compliance culture (organization, policies and procedures) highly desiredProven track record of demonstrating courage and emotional intelligence, including a high level of responsibility, initiative and stress toleranceThe ability to prioritize workflow and accomplish tasks across the organization through collaboration and delegation

Additional Details:

This position can be located at our offices in Irving, TX; Peoria, IL; or Nashville, TNDomestic relocation is available for those who qualifyVisa Sponsorship will not be offered for this roleThis role requires up to 40% travel depending on leader & team locationsThis role is on-site five days a week.

Employee benefit details:

Our goal at Caterpillar is for you to have a rewarding career. Our teams are critical to the success of our customers who build a better world.

Here you earn more than just a salary because we value your performance. We offer a total rewards package that provides day one benefits [medical, dental, vision, RX, and 401(k)] along with the potential of an annual bonus.

Additional benefits include paid vacation days and paid holidays (prorated based upon hire date).

Final details:

Please frequently check the email associated with your application, including the junk/spam folder, as this is the primary correspondence method. If you wish to know the status of your application – please use the candidate log-in on our career website as it will reflect any updates to your status.

Summary Pay Range:

$185,400.00 - $278,160.00

Compensation and benefits offered may vary depending on multiple individualized factors, job level, market location, job-related knowledge, skills, individual performance and experience. Please note that salary is only one component of total compensation at Caterpillar. 

Benefits:

Subject to plan eligibility, terms, and guidelines. This is a summary list of benefits.

Medical, dental, and vision benefits*

Paid time off plan (Vacation, Holidays, Volunteer, etc.)*

401(k) savings plans*

Health Savings Account (HSA)*

Flexible Spending Accounts (FSAs)*

Health Lifestyle Programs*

Employee Assistance Program*

Voluntary Benefits and Employee Discounts*

Career Development*

Incentive bonus*

Disability benefits

Life Insurance

Parental leave

Adoption benefits

Tuition Reimbursement

       

* These benefits also apply to part-time employees

Posting Dates:

April 11, 2025 - April 25, 2025

Any offer of employment is conditioned upon the successful completion of a drug screen.     

EEO/AA Employer.  All qualified individuals - Including minorities, females, veterans and individuals with disabilities - are encouraged to apply.

Not ready to apply? Join our Talent Community.