# Head of Treasury Markets

**Company:** [OpenAI](https://hotfix.jobs/companies/openai)
**Location:** San Francisco, CA
**Role:** Finance & Accounting
**Salary:** $266k – $295k/yr
**Experience:** 12+ years
**Skills:** Investment Management, Corporate Treasury, Capital Markets, Foreign Exchange, Interest Rate Risk, Derivatives, Fixed Income, Portfolio Construction, Credit Risk, Liquidity Management, Financial Modeling, Scenario Analysis, Capital Structure, AI Workflows, Risk Management
**Posted:** 2026-08-25

> Leads corporate investment management, FX and interest-rate hedging, debt-market strategy, and broader Treasury market-risk capabilities. The role requires 12+ years of relevant experience, deep derivatives and fixed-income expertise, strong financial modeling, and executive-level communication.

## Job Description

## Responsibilities

### Investment Management
- Own investment strategy for corporate cash and liquidity portfolios, balancing capital preservation, liquidity, yield, diversification, counterparty risk, accounting, tax, and regulatory considerations.
- Lead portfolio construction, investment policy governance, risk monitoring, performance reporting, manager and counterparty oversight, and compliance for corporate investment portfolios.
- Maintain market intelligence on rates, credit, liquidity markets, fixed-income products, external manager performance, and emerging portfolio risks.

### FX and Cash Flow Hedging
- Design and operate FX balance-sheet and cash-flow hedging programs aligned with exposure management, hedge objectives, accounting treatment, tax considerations, controls, and business needs.
- Manage FX and derivatives activity across global operations, including exposure analytics, hedge strategy, trade execution, counterparty management, effectiveness tracking, and reporting.
- Partner with Accounting, Tax, FP&A, Legal, and business leaders to improve exposure visibility and ensure hedge programs are operationally controlled and financially sound.

### Interest Rate, Debt Markets, and Market Risk Management
- Build interest-rate risk management capabilities for corporate liquidity, financing, infrastructure, and other exposures where rate movements can create material financial volatility.
- Assess enterprise and other material market-risk exposures, partnering with business owners to size risk, evaluate alternatives, and recommend Treasury support.
- Develop risk frameworks, dashboards, scenario analysis, and decision support for interest-rate exposure, capital-structure alternatives, balance-sheet implications, hedging, commodities exposure, and operating decisions.
- Evaluate capital-structure alternatives and instruments across the balance sheet and credit stack, including rating-agency implications, risk and governance requirements, fixed-income instruments, and derivatives.

### Cross-Company Financial Analysis
- Support priority cross-company initiatives with rigorous financial analysis, clear recommendations, and disciplined execution support.
- Build business-case models for funding needs, liquidity impact, risk-adjusted returns, sensitivity analysis, and decision tradeoffs.
- Translate complex investment, FX, rates, liquidity, tax, accounting, capital-structure, credit-market, rating-agency, risk, governance, and capital-allocation topics into concise recommendations for senior leadership and Board-level audiences.

### AI-Driven Treasury Leadership
- Build AI-enabled workflows that improve speed, visibility, control, and auditability across investments, FX, interest-rate risk management, capital-structure analysis, and related financial analysis.
- Use approved AI tools within established security, confidentiality, and governance controls to improve recurring Treasury analysis, risk identification, and executive decision support.
- Partner with Finance, Engineering, Data, and Product teams to develop scalable, AI-native treasury infrastructure with appropriate review, documentation, and governance.

## Requirements
- 12+ years of relevant experience across investment management, corporate treasury, capital markets, banking, asset management, interest-rate risk management, complex capital structures, credit markets, or related finance roles.
- Deep investment-management expertise, including corporate liquidity portfolios, fixed-income strategies, portfolio construction, duration, credit risk, liquidity products, external managers, and investment-policy governance.
- Strong FX, interest-rate risk, and derivatives expertise, including exposure analytics, hedge strategy, execution, accounting considerations, tax considerations, controls, and performance reporting.
- Experience designing or operating FX balance-sheet and cash-flow hedging programs and broader risk-management programs in partnership with Accounting, Tax, Legal, FP&A, and business teams.
- Working knowledge of corporate financing instruments and related risk-management considerations.
- Exceptional executive communication skills, including framing ambiguous market-risk, capital-structure, credit-market, rating-agency, tax, accounting, governance, and liquidity decisions for senior leadership and Board-level audiences.
- Strong modeling skills across portfolio analytics, debt capacity, business-case economics, liquidity impact, risk exposure, sensitivity analysis, and financing scenarios.
- Ability to operate in a complex, global, high-growth environment with significant cross-functional dependencies.
- Demonstrated judgment in market risk, interest-rate risk, commodities exposure, counterparty risk, liquidity risk, operational risk, accounting risk, tax risk, and governance.

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