CHC Head of Global Treasury Operations

Publié le Vendredi 26 avril 2024
Neuilly Sur Seine - Gentilly

Description de la société

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Sanofi is dedicated to supporting people through their health challenges. We are a global biopharmaceutical company focused on human health. We prevent illness with vaccines, provide innovative treatments to fight pain and ease suffering. We stand by the few who suffer from rare diseases and the millions with long-term chronic conditions.

With more than 100,000 people in 100 countries, Sanofi is transforming scientific innovation into healthcare solutions around the globe. Discover more about us visiting or via our movie We are Sanofi

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Description du poste

The creation of a standalone Global Business Unit, Sanofi’s Consumer Healthcare (“CHC”) has now grown into a leading consumer healthcare platform with a presence in 150 countries and over 11,000 employees, dedicated resources in R&D, manufacturing, information technology as well as its distinct sustainability roadmap.

Sanofi recently announced its intention to separate the CHC Business as it increases its focus on innovative medicines and vaccines. The intended separation will seek to create two entities, each better equipped to pursue its own business strategy, resourcing and capital allocation and enabling each to focus on long-term growth in its respective markets. Sanofi believes that the separation will unlock further opportunities for CHC to leverage its portfolio of leading brands and continue to drive growth and shareholder value.

Subject to market conditions, the separation could be achieved at the earliest in Q4 2024.

In that context, Sanofi is looking for a CHC Head of Global Treasury Operations. He/she will temporarily report to Sanofi Head of International Treasury and ultimately to the CHC Group Treasurer.


About the job

At Sanofi Consumer Healthcare, we have one overarching mission - to work passionately, challenging ourselves and our industry every day, to drive what we believe is the next health revolution: evolving from simply serving consumers, to helping people help themselves - bringing “Health in Your Hands”.

We are building trusted & loved brands that connect with hundreds of millions of consumers worldwide, enabling better self-care for individuals and communities, while also contributing to a healthier planet. To fulfill this mission, we are embarking our consumers, our customers, healthcare professionals, and our employees in this journey because this is what will make us become the “Best Fast-Moving Consumer Healthcare (FMCH) Company In & For the World”.

Consumers at the heart of everything we do and we want to make a difference where it counts, driving leadership in the categories we play in: Allergy, Digestive Wellness, Pain, Physical & Mental Wellness, and Cough, Cold & Flu.

To achieve this, we need strong talent who will help us shape the future of our Consumer Healthcare business and challenge our industry. We aspire to create a work environment where people can thrive, grow, and be at their best every day. We believe in operating with integrity and prioritizing the health and well-being of people and communities where we operate, working towards making a positive impact in the world.


Our Team:

CHC Global Treasury is mainly responsible for the financing, cash and risk management as well insurance of CHC affiliates.

CHC Global Treasury Operations (CHC GTO) is part of CHC GT and oversees the following activities:

  • Liquidity Management

  • Market Compliance and Control and Operational Excellence

  • Subsidiary Financing

  • Working Capital Optimization

  • Credit Risk Management consolidation

We ensure affiliates’ liquidity and financing and ensure optimal capital structures.

We ensure effective cash management structures are implemented and optimize the centralization of the Cash of CHC entities at the level of CHC Holding and manage the CHC In-House Bank.

We support the Regional Treasury Centers teams, always work in close collaboration with our internal stakeholders and supervise the relationships with Sanofi core banks.

We support Cashflow reporting and lead initiatives to optimize working capital of the Company.

We ensure compliance of the Market Operations managed by Treasury Front Office/Capital Market department on all asset classes and ensure Operational Excellence of Treasury Operations.

We support the Treasury aspects of company transformational projects and strategic initiatives.


Main responsibilities:

In this role, he/she:

  • Animates and leads the team, develops capabilities, and supports the development of talents

  • Builds trust and ensures effective cooperation with cross functional and external partners (other treasury teams at corporate and regional levels, GBS, HFOs, tax, Legal, banks, …)

Liquidity Management

  • Ensure effective management of the daily liquidity and cash position of the Group, including the holding activities

  • Ensure effective management and further deployment of state-of-the art In-House Bank structure, optimizing cash flows centralization thru automated pooling liquidity structures, Interco Financing, and Interco Settlement services

  • Together with Tax/Transfer Pricing ensure set-up, and conclusion of Interco agreements / re-charges mechanisms

Market Compliance and Control & Operational Excellence

  • Guarantee effective Internal Control framework is in place ensuring ongoing Treasury Operations compliance and Business Value delivery

  • Ensure effective Sox management and Treasury policies and procedures for GTO

  • Ensure Operational Excellence of GTO with KPI’s, offering Best-In class services in line with market best practices in an efficient environment

  • Guarantee stability and continuity of operations

  • Ensure ongoing monitoring (with the support of Sanofi Legal team and other appropriate departments) and implementation of regulations on financial instruments changes, on payments practices, sanctions that are impacting Treasury Operations activities

  • Ensure effective use of Treasury Management Systems and specifically of the SAP TCM system

Subsidiary Financing

  • Define the group banking policy for subsidiaries & coordinate relationships with banks, authorizing the issuance of support & guarantee letters as required

  • Optimize the cost of funding and the return of excess cash investments for subsidiaries

  • Ensure constant and continuing liquidity for all Sanofi subsidiaries worldwide

  • Define adequate capital structures for Group subsidiaries and supervise dividend repatriations from subsidiaries

  • Assess the operational performance in terms of Free Cash Flow of subsidiaries and related risks & opportunities

  • Coordinate/ manage various financing projects involving restructuring of subsidiaries and M&A operations

  • Define strategy in terms of Treasury centralization tools (cash pools, ZBA, Intercompany Settlement…) and support implementation and build a Cost-Effective and optimized central unit managing all cash-flows of the group and ensuring full transparency

Working Capital Optimization

  • Define and lead the Working Capital Optimization initiatives

  • Raise awareness and spread cash mind-set within the subsidiary

  • Collaborate transversally on implementation of innovative treasury projects (credit card programs, new payment solutions, bank rationalization program, flat liquidity structure…)

  • Define Strategy in terms of the Group Credit Cards program(s)

Credit Risk Management

  • Support affiliates & regional treasury services center on Credit Risk Management policy implementation

  • Be the point of contact of external auditors for credit risk & exposure regular review

Transformational Programs

  • Support Group strategic initiatives on treasury aspects: legal restructuring (mergers, capital infusions, share transfers…); M&A transactions (financing, settlements, integration), carve in/out, third party partnerships (venture…), employee share plans, litigations, real estate (parental/bank guarantees), …

  • Support the Treasury Transformation Programs ensuring training of Treasury Systems Key Users

Profil du candidat


  • Bachelor’s degree – preferably Master’s degree – in business administration, finance, accounting or economics

  • Treasury Certification is a plus



  • 10-15 years’ experience in Financing & Treasury activities in Multinational companies, preferably Corporate Treasuries

  • Experience with Cash Management Structures (Zero-Balancing, Notional Pooling) and with In-House Bank in international environments

  • Experience with Sarbanes-Oxley

  • Experience with Treasury Management Systems is a plus

  • Other experiences in various senior finance roles within an international environment a plus



  • Proven Management skills

  • Advanced analytical skills, financial acumen, and strategic thinking

  • Experience in collaborating among senior management, business, and functional leaders

  • Building partnership and trust over time with partners internally and externally with banks

  • Proven presentation skills, ability to communicate, assertiveness

  • Team player, proactive and solution oriented

  •  Good background in accounting (IFRS) and/or financial analysis

  • Proven ability to manage multiple projects, work effectively with cross-functional partners

  • Strong capabilities in MS Excel

  • Knowledge of Treasury Management Systems, S/4HANA Treasury System knowledge is a plus


Languages: fluent written and spoken English


Pursue progress, discover extraordinary

Better is out there. Better medications, better outcomes, better science. But progress doesn’t happen without people – people from diverse backgrounds, in various 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, disability, or gender identity.

Watch our ALL IN video and check out our Diversity Equity and Inclusion actions at!

At Sanofi diversity and inclusion is foundational to how we operate and embedded in our Core Values. We recognize to truly tap into the richness diversity brings we must lead with inclusion and have a workplace where those differences can thrive and be leveraged to empower the lives of our colleagues, patients and customers. We respect and celebrate the diversity of our people, their backgrounds and experiences and provide equal opportunity for all.

As part of its diversity commitment, Sanofi is welcoming and integrating people with disabilities.

Ref : R2733810