20% of travel within EuropeAbout the jobAt Sanofi we chase the miracles of science to improve people’s lives. We are dedicated to making a positive impact on the lives of the patients and families we serve, and we accomplish our goals through world-class research and with the compassion and commitment of our employees.As we continue to transform the practice of medicine, the next chapter of Sanofi’s Play to Win strategy will require a focus on delivering transformation and simplification of our core processes, optimizing resource allocation and deployment to fuel business growth and investment in science.Global Treasury Operations is a Key department within the Financing, Treasury & Insurance function.It offers best-in-class Global Treasury Services for the Sanofi Affiliates including
Effective centralization and management of the Global Liquidity,
In-House Bank & Payment Factory services,
Compliance and Control of Market Transactions managed by Treasury Front Office/Capital Market department on all Sanofi asset classes
Within Global Treasury Operations, Market Operations Compliance & Control (Treasury Back Office) plays a critical role in terms of control of Market Transactions managed by Treasury Front Office/Capital Market department on all Sanofi asset classes. The stake and importance of that role has been reemphasized over time given strengthened EU and US regulatory environment, which in addition to the existing Sarbanes Oxley control framework, aims at limiting financial markets systemic risks. It is also responsible for the timely and accurate settlements of Treasury Transactions with the different banking relationships and is responsible for maintaining best in class Treasury processes, procedures, and control environment.It manages controls over about 5 thousand External and Interco Treasury Transactions a month and 16 banking relationships.Two Market Operations Compliance & Control Analysts, both reporting to the Head of Global Treasury Operations, manage the Market Operations Compliance & Control (Treasury Back Office) responsibilities.Main responsibilities:Performing Market Operations Compliance & Control recurring activities
Daily control of the exhaustiveness, accuracy and conformity of the Treasury Transactions initiated by Capital Market/Front Office team (MMF, short term deposits, certificates of deposit, repo’s, bonds, Euro & US commercial papers, FX spots, forwards, swaps on about 40 currencies, interest, and cross currency swaps, NDF’s, …) as well as of the Treasury Transactions with Internal Counterparts by ensuring:
Reciprocity with Counterparts (in line with different contracts ISDA, authorizations, …)
Internal validations and adherence to Sox control framework, Sanofi policies and guidelines
Daily management and monitoring of financial instruments related settlements according to banks standing settlement instructions and cut-off times as well as monthly closing timelines
Effective follow-up of litigations with banking relationships
Daily reporting and control of the counterparty / financial instruments exposures and monitoring of such exposures vs. defined limits
Monthly reporting on treasury activities and Ad Hoc reporting
Set-up and maintenance within treasury management system of Treasury Counterparts; including set-up of standing settlements instructions to ensure correct recording and settlement of financial transactions
Development and maintenance of treasury policies, processes, procedures, systems, and control environment in line with best practice
Manage the Market Operations Compliance & Control internal / external audit processes and engagement with auditors
Working collaboratively with other Treasury departments, acting as an escalation point for unresolved issues, provide specialist financial support
Supporting transverse projects
Assuming responsibility of Market Operations Compliance & Control business continuity plan
ongoing monitoring (with the support of Sanofi Legal team) & implementation of regulations on financial instruments changes impacting Back Office activities and especially concerning confirmation, lifecycle & reporting
Acting as Key User
Identify and escalate pain points that may be subject to process improvement and share best practices
Identify gaps vs. existing practices, regulatory constraints, and local process dependencies
Ensure continued focus on process improvement, increased automation of activities and the elimination of non-value-added activities
Support process exception arbitration when needed and propose process workaround
Review process design when applicable
Update internal control framework
Support and Sign-off on new process testing’s (UAT)
Participate to the change management plan
Contribute to Systems upgrades as required
About youThe successful candidate will have in-depth knowledge and experiences in the following areas:
Minimum 3 years of professional experience in Treasury multinationals (Back Office, Cash Management, In-House Bank, Treasury Accounting) within Bank / Corporate Treasury
Demonstrated knowledge of treasury functions, debt capital markets, and financial instruments
Understanding of financial controls and compliance frameworks
Experience with Sarbanes-Oxley is an asset
Experience with Treasury Management Systems (SAP, Others)
Experience with electronic banking systems / SWIFT /Payment Practices
Proven track record in dealing with complex issues proactively and in a timely fashion, along with the ability to make well informed and appropriate decisions and to communicate complex information to others
Languages: fluent in English and French; any further language is a plus
Personal Characteristics
Analytical Mindset: Exceptional attention to detail with ability to identify discrepancies
Problem-Solver: Proactive approach to resolving complex issues
Communicator: Excellent ability to explain complex financial concepts clearly
Team Player: Collaborative approach with strong interpersonal skills
Adaptable: Ability to manage multiple priorities and deliver under pressure
Innovative: Continuously seeking process improvements and efficiencies
EDUCATION
At least bachelor’s degree in finance / economics or similar
A certificate in Treasury is a plus
Why choose us?
At Sanofi, we believe in continuous learning and development. We encourage innovative thinking and welcome fresh ideas for process improvements and system optimizations
An international work environment, in which you can develop your talent and realize ideas and innovations within a competent team
An individual and well-structured introduction and training when you onboard
You can create your own career path within Sanofi. Your professional and personal development will be supported purposefully
As a globally successful and constantly growing company, Sanofi provides international career paths as well
We offer a dynamic work environment where your contributions will have a direct impact
Discover endless opportunities to grow your talent and drive your career, whether it’s through a promotion or lateral move, at home or internationally
Enjoy a thoughtful, well-crafted rewards package that recognizes your contribution and amplifies your impact
Drive implementation science, powerful crowdsourcing and open innovation, discovering the ways to bring science to live faster, contributing to a patient first mindset
Take good care of yourself and your family, with a wide range of health and wellbeing benefits including high-quality healthcare, prevention and wellness programs and at least 14 weeks’ gender-neutral parental leave
#LI-EURPursue progress, discover extraordinaryBetter is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from different backgrounds, in different locations, doing different roles, all united by one thing: a desire to make miracles happen. So, let’s be those people.At Sanofi, we provide equal opportunities to all regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, ability or gender identity.Watch our and check out our Diversity Equity and Inclusion actions at !
