Executive Director, Global Capital Markets

Job Description

The Executive Director Global Capital Markets leads critical financial functions that directly impact our companys capital allocation debt management and investment portfolios and related forecasting and reporting. The position supports senior leadership including the Treasurer CFO and CEO to make capital allocation strategy recommendations to the Board of addition the position plays a primary Treasury role in directly supporting business development opportunities from evaluation through transaction close.

The Executive Director oversees a team of four finance professionals who collaborate closely with external and internal stakeholders including rating agencies banks diversity firms Corporate Financial Services Business Development and FE& position is also directly responsible for the management of our companys bank group.

Key Responsibilities:

Capital Structure & Cash Flow Planning

• Develop and maintain long-range consolidated balance sheet and cash flow forecasts to guide capital allocation and capital structure decisions.

• Recommend strategies for returning cash to shareholders managing balance sheet capacity and maintaining appropriate credit ratings.

• Prepare net interest income/ expense and share count forecasts.

• Conduct ad hoc scenario planning and analyses to support strategic decision-making.

Treasury Share Repurchase Program

• Oversee our companys share buyback program including analysis recommendation of repurchase strategies dealer selection and full execution management.

• Manage relationships with repurchase dealers and monitor program and dealer performance.

Financing Portfolio Management

• Oversee management of our companys $40 billion long-term debt and commercial paper portfolios.

• Develop strategy and manage execution of new debt issuances including utilization of derivative instruments to hedge interest rate risk.

• Evaluate and execute opportunistic liability management transactions such as tender offers and call exercises.

• Develop and execute Asset/ Liability Management (ALM) strategies including utilization of interest rate swaps.

Investment Portfolio Oversight

• Oversee our companys $6-$8 billion headquarters investment portfolio.

• Ensure investment portfolio optimizes returns while managing risks and ensuring liquidity to fund business operations and commitments.

• Balance portfolio return objectives against benchmarks and compliance requirements.

Business Development Support

• Provide financial analysis capital structure advice and funding guidance to support companys business development activities.

• Partner with business development teams to evaluate transaction structures and financing implications.

• Support corporate due diligence transaction close and integration planning from treasury perspective.

Stakeholder Engagement & Reporting

• Manage relationships with our companys bank group including their support of Treasurys strategic priorities transactional activities and our companys $6 billion revolving credit facility.

• Serve as primary contact for rating agencies (Moodys Standard & Poors) maintaining relationships interpreting rating methodologies and managing quarterly and annual reporting requirements.

• Oversee preparation of monthly operating reports and periodic presentations for the Treasurer Finance Risk Committee CFO Executive Committee and Board of Directors.

Team Leadership

• Manage and develop 2 direct reports and a full team of 4 finance professionals.

Minimum Education Requirement:

• Bachelors degree in finance accounting or related

Required Experience and Skills:

• Minimum of 15 years experience in finance accounting or related

Current Employees apply HERE

Current Contingent Workers apply HERE

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U.S. Hybrid Work Model

Effective September 5 2023 employees in office-based positions in the U.S. will be working a Hybrid work consisting of three total days on-site per week Monday - Thursday although the specific days may vary by site or organization with Friday designated as a remote-working day unless business critical tasks require an on-site Hybrid work model does not apply to and daily in-person attendance is required for field-based positions; facility-based manufacturing-based or research-based positions where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note this Hybrid work model guidance also does not apply to roles that have been designated as remote.

The salary range for this role is

This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. An employees position within the salary range will be based on several factors including but not limited to relevant education qualifications certifications experience skills geographic location government requirements and business or organizational needs.

The successful candidate will be eligible for annual bonus and long-term incentive if applicable.

We offer a comprehensive package of benefits. Available benefits include medical dental vision healthcare and other insurance benefits (for employee and family) retirement benefits including 401(k) paid holidays vacation and compassionate and sick days. More information about benefits is available at can apply for this role through (or via the Workday Jobs Hub if you are a current employee). The application deadline for this position is stated on this posting.

San Francisco Residents Only:We will consider qualified applicants with arrest and conviction records for employment in compliance with the San Francisco Fair Chance Ordinance

Los Angeles Residents Only:We will consider for employment all qualified applicants including those with criminal histories in a manner consistent with the requirements of applicable state and local laws including the City of Los Angeles Fair Chance Initiative for Hiring Ordinance

Search Firm Representatives Please Read Carefully
Merck & Co. Inc. Rahway NJ USA also known as Merck Sharp & Dohme LLC Rahway NJ USA does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for this position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place introductions are position specific. Please no phone calls or emails.

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