Director, Financial Risk Management

Great vacations begin with great employees!

Combine your experience and sense of adventure by joining our exciting team of employees in Miami, FL.  Royal Caribbean Cruises Ltd. is pleased to offer a competitive compensation & benefits package, and excellent career development opportunities, each offering unique ways to explore the world.

Position Summary:

The Director, Financial Risk Management position is responsible for all aspects of the financial risk management functions of Royal Caribbean Cruises Ltd. 

Career Snapshot:

• Exposure Identification and Quantification
  • Identification and quantification of the Company's exposures to hedgeable risks in the balance sheet and earnings
  • Run VAR analysis and regression and correlation analysis on all exposures as appropriate to determine the potential range of earnings impact and whether any natural offsets exist
  • Monitor corporate risk exposure to determine if there are new risks to be managed with hedging activities (e.g. food costs)
  • Evaluate exposures at the subsidiary level to determine whether hedging at that level would be appropriate
• Risk Mitigation Strategies and Execution
  • Develop alternative risk mitigation strategies
  • Work closely with other areas of Treasury and participate in relevant meetings with advisors to ensure Capital Market and Treasury Operation strategies take into consideration and incorporate hedging alternatives as appropriate
  • Run sensitivity analysis of alternative strategies to determine probable best and worst case outcomes
  • Work with accounting to ensure that proposed strategies achieve the desired accounting impact
  • Work with tax to ensure that there are no adverse tax implications associated with proposed strategies
  • Work with our international offices to ensure timely communication and coordination of fx transactions
  • Based on the analysis and management objectives, recommend strategies to the Hedge Committee and/or Senior Management
  • Monitor and evaluate financial and commodity markets (initially interest, fx and oil) on a continuous basis in order to recommend changes to current hedging positions/strategies to capitalize on market opportunities
  • Execute trades approved by the hedge committee or executive management
  • Manage the company's multibillion dollar fx balance sheet exposures to ensure minimal impact on the P&L
• Monitoring
  • Initial and ongoing analysis of existing and forecasted hedge positions compared to guidelines
  • Create/evaluate derivative valuation models in Bloomberg and/or excel for use in recalculating ineffectiveness and determining expected earnings impact
  • Perform quarterly review of derivative performance, including how effective they are at achieving the risk mitigation objective
  • Work with Corporate Planning to forecast P&L volatility created by derivatives
  • Monthly evaluation of Treasury's counterparty exposures and credit worthiness
• Administrative
  • Selection of Counterparties, negotiation of ISDA contracts
  • Provide the Executive Committee a monthly hedging update
  • Non-voting member of hedge committee
  • Scheduling and holding Hedge Committee meetings periodically (not less than quarterly)
  • Running meetings and keeping the minutes
  • Preparing the hedge package reviewed by the hedge committee at each meeting
  • Maintaining and updating derivative policies and procedures, and reviewing documented SOX controls
  • Monitoring compliance with, recommending changes to and updating the hedge guidelines as appropriate
  • 10Q and 10K disclosure requirements
  • Coordinate internal and external derivative audits

Qualifications:

• Bachelor's in Accounting, Finance or Economics
• 7 - 10 years accounting experience (must be national accounting firm/large public company)  
• Experience/knowledge of basic statistical modeling (regression/correlation analysis)  
• Ability to interact with investment bankers and traders
• Proficiency with MS Word, Excel and PowerPoint
• Functional knowledge of Bloomberg system
• Excellent communication skills with the ability to explain complex financial concepts and structures clearly, without excessive use of technical jargon.

Preferences:

• CPA and MBA
• Hedge accounting and corporate finance experience

Thank you for your interest in this role. Royal Caribbean Cruises Ltd. is the world's second largest cruise company, operating under Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises brands. These brands offer an array of onboard activities, services and amenities, including simulated surfing, swimming pools, sun decks, beauty salons, exercise and spa facilities, ice skating rinks, in-line skating, basketball courts, rock climbing walls, miniature golf courses, gaming facilities, lounges, bars, Las Vegas-style entertainment, cinemas and Royal Promenades, which include interior shopping, dining and an entertainment boulevard.

Join our team as the Director, Financial Risk Management.  Once you click to apply below, it will take you 10-15 mins to complete our application, which will help us better qualify your candidacy.   If you are being considered for this position you will hear back from us within the next < 30-60 > days.  During this time, you can view your application status on our career site. 

Join us at Royal Caribbean Cruises Ltd., where great vacations begin with great employees!

RCL is an Equal Employment Opportunity employer.