Manager, Treasury - Foreign Exchange

This is where  your work makes a difference.

At Baxter, we believe every person—regardless of who they are or where they are from—deserves a chance to live a healthy life. It was our founding belief in 1931 and continues to be our guiding principle. We are redefining healthcare delivery to make a greater impact today, tomorrow, and beyond.

Our Baxter colleagues are united by our Mission to Save and Sustain Lives. Together, our community is driven by a culture of courage, trust, and collaboration. Every individual is empowered to take ownership and make a meaningful impact. We strive for efficient and effective operations, and we hold each other accountable for delivering exceptional results.

Here, you will find more than just a job—you will find purpose and pride. 

Your role at Baxter

As the Manager, Treasury – Foreign Exchange, you will play a key role within Baxter’s Treasury organization as part of the Capital Markets team. You will lead the company’s global FX risk management activities, including exposure forecasting, policy development, analytics, and oversight of FX execution. This role is central to Baxter’s efforts to mitigate currency‑related financial risks and ensure disciplined governance of the company’s global derivatives portfolio. This position reports to the Director of Capital Markets.

You will also contribute to broader treasury initiatives such as liquidity forecasting, market analytics, transaction management, intercompany and third‑party exposure management, settlements, valuation, compliance, and financial partner engagement. The role requires strong analytical capabilities, financial modeling skills, and the ability to collaborate effectively across Finance, FP&A, Accounting, IT, and business units.

This position is based in Deerfield, IL with a hybrid schedule.

What you’ll be doing

• Lead global FX risk management activities, including exposure forecasting, hedging strategies, policy development, and analytics.
• Monitor global currency markets and macroeconomic trends to support strategic and tactical decision‑making.
• Partner with Finance, FP&A, Accounting, and business units to identify, assess, and mitigate FX risks across the enterprise.
• Oversee FX trading execution in alignment with approved policies, controls, and risk limits, including governance of the centralized derivatives portfolio.
• Manage the relationship with Chatham Financial, supporting FX execution and hedge accounting activities.
• Maintain relationships with global banking partners and external FX service providers to support pricing, execution, and market access.
• Prepare and deliver FX and market risk reporting for senior leadership and key stakeholders.
• Drive process improvements and automation across FX analytics, reporting, and execution workflows.

What you’ll bring

• Bachelor’s degree in Finance, Accounting, or a related field preferred; CFA preferred.
• Minimum of 5 years of experience in corporate treasury, foreign exchange, capital markets, or a related discipline preferred.
• Strong financial modeling and analytical skills with experience using ERP systems, treasury management systems, and data tools such as Cognos, Power BI, Excel, or SQL.
• Ability to operate effectively in a complex, multinational environment with cross‑functional stakeholders.
• Experience supporting compliance requirements such as Dodd‑Frank, SOX, or EMIR.
• Ability to communicate complex financial concepts clearly to both technical and non‑technical audiences.
• Demonstrated ability to drive automation, process improvement, and data integration within treasury workflows.

Baxter is committed to supporting the needs for flexibility in the workplace. We do so through our flexible workplace policy which includes a required minimum number of days a week onsite. This policy provides the benefits of connecting and collaborating in-person in support of our Mission. The flexible workplace policy is subject to local laws and legal requirements. At its discretion, Baxter may decide to adjust, suspend, or discontinue as business needs change.

We understand compensation is an important factor as you consider the next step in your career. At Baxter, we are committed to equitable pay for all employees, and we strive to be more transparent with our pay practices. The estimated base salary for this position is $112,000 -$154,000. The estimated range is meant to reflect an anticipated salary range for the position. We may pay more or less than of the anticipated range based upon market data and other factors, all of which are subject to change. Individual pay is based on upon location, skills and expertise, experience, and other relevant factors. This position is also eligible for discretionary bonuses. For questions about this, our pay philosophy, and available benefits, please speak to the recruiter if you decide to apply and are selected for an interview.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

US Benefits at Baxter (except for Puerto Rico)

This is where your well-being matters. Baxter offers comprehensive compensation and benefits packages for eligible roles. Our health and well-being benefits include medical and dental coverage that start on day one, as well as insurance coverage for basic life, accident, short-term and long-term disability, and business travel accident insurance. Financial and retirement benefits include the Employee Stock Purchase Plan (ESPP), with the ability to purchase company stock at a discount, and the 401(k) Retirement Savings Plan (RSP), with options for employee contributions and company matching. We also offer Flexible Spending Accounts, educational assistance programs, and time-off benefits such as paid holidays, paid time off ranging from 20 to 35 days based on length of service, family and medical leaves of absence, and paid parental leave. Additional benefits include commuting benefits, the Employee Discount Program, the Employee Assistance Program (EAP), and childcare benefits. Join us and enjoy the competitive compensation and benefits we offer to our employees. For additional information regarding Baxter US Benefits, please speak with your recruiter or visit our Benefits site: Benefits | Baxter

Equal Employment Opportunity

Baxter is an equal opportunity employer. Baxter evaluates qualified applicants without regard to race, color, religion, gender, national origin, age, sexual orientation, gender identity or expression, protected veteran status, disability/handicap status or any other legally protected characteristic.

Reasonable Accommodations

Baxter is committed to working with and providing reasonable accommodations to individuals with disabilities globally. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the application or interview process, please click on the link here and let us know the nature of your request along with your contact information.

Recruitment Fraud Notice

Baxter has discovered incidents of employment scams, where fraudulent parties pose as Baxter employees, recruiters, or other agents, and engage with online job seekers in an attempt to steal personal and/or financial information. To learn how you can protect yourself, review our Recruitment Fraud Notice .