Head -Treasury Governance

Position Summary:
We are seeking a highly skilled and motivated finance and treasury professional to join the Tenneco team as Head, Treasury Governance. This individual will be responsible for the control framework, governance structure and risk oversight processes supporting the company’s global treasury activities. This role ensures treasury activities comply with corporate policies, debt agreements, regulatory requirements, and internal controls, while providing independent oversight of treasury transactions and financial risk management. The position serves as the treasury governance office, bridging treasury activities with accounting, internal audit, compliance, and risk management functions. The position leads treasury risk management, valuation, policy compliance, and reporting, debt covenants and financing agreement requirements across the company’s global debt portfolio while driving enhancements to treasury systems, analytics, and governance. The position reports to the Assistant Treasurer, Capital Markets.

Key Responsibilities:

Treasury Governance & Policy Management

• Develop and maintain the company’s global treasury governance framework, policies, operating standards and processes
• Establish and enforce treasury policies covering liquidity management, financial risk management, counterparty exposure, hedging activities and authorized financial instruments
• Ensure treasury activities adhere to corporate policies, Board-approved risk limits, financing agreements and regulatory requirements
• Maintain documentation of treasury procedures and ensure global compliance with treasury operating standards
• Coordinate with Legal, Accounting, and Compliance on regulatory matters impacting treasury activities
• Maintain oversight of global bank account governance and signatory controls
• Develop business continuity plans

Treasury Controls & Governance Oversight

• Serve as the treasury middle office, providing independent oversight of treasury front office activities including funding, hedging, investment transactions and treasury cash related operations
• Develop and monitor adherence to treasury risk limits, including interest rate risk, foreign exchange risk, counterparty exposure, and liquidity thresholds including performing periodic stress tests
• Independently review and validate treasury transactions, cash management process and ensure proper documentation and approvals
• Establish processes for segregation of duties, payment approvals, transaction verification, control monitoring and adherence to best-in-class treasury governance standards
• Identify, assess, and escalate limit breaches, control deficiencies, and emerging risks to senior leadership
• Oversee independent valuation and verification of treasury instruments using Bloomberg and internal models
• Develop and publish comprehensive periodic treasury management report.

Debt Covenant Compliance & Financing Agreement Monitoring

• Oversee monitoring and compliance with debt covenants and financial ratio requirements across the company’s credit facilities, bonds, and other financing arrangements
• Maintain tracking of financial covenant calculations, including leverage ratios, interest coverage, and other covenant metrics
• Coordinate preparation and review of compliance certificates and covenant reporting required under credit agreements
• Partner with FP&A, accounting, IR and legal teams to ensure accurate covenant calculations and reporting
• Monitor potential covenant headroom and proactively identify risks to covenant compliance
• Assist in reviewing and negotiating covenant terms during financing transactions and amendments
• Oversee audit process for working capital facilities

Risk Management & Financial Controls

• Monitor financial market risks, including foreign exchange, interest rate exposure, and counterparty credit risk
• Ensure proper documentation and compliance with hedging programs and risk management policies
• Coordinate with Accounting on hedge accounting documentation and effectiveness testing
• Support enterprise risk management initiatives related to financial risk exposure

Treasury Systems & Data Governance

• Oversee governance of treasury systems including bank connectivity platforms, and financial risk tools
• Ensure data integrity, system controls, and appropriate access management
• Lead treasury-related system implementation or transformation initiatives when required partnering with cross-functional teams

Internal Audit & Cross-Functional Coordination

• Lead Treasury support for Internal Audit, External Audit, SOX and regulatory reviews
• Support audit processes related to treasury activities, financial risk management, and covenant compliance
• Partner with Accounting, Tax, Legal, and FP&A to ensure alignment across financial policies and reporting requirements
• Oversee data flows and reconciliations between Treasury and accounting systems

Qualifications:

• 12+ years of relevant experience in treasury in a corporate environment with global exposure
• Experience in treasury governance, financial risk management, or treasury operations oversight
• Direct experience with debt covenant compliance and credit agreement monitoring strongly preferred
• Experience working in large multinational public companies ($5B+ revenue) preferred

Technical Expertise

• Treasury governance and policy development
• Debt covenant compliance and credit agreement analysis; High degree of comfort in interpreting complex financing agreements
• Financial risk management (FX, interest rate, counterparty risk)
• Internal controls and SOX compliance
• Treasury middle office oversight
• Treasury systems and infrastructure

Education: 

• Bachelor’s degree in Finance, Economics, Accounting, or related field required
• CA, MBA or CFA preferred

Leadership & Competencies

• Ability to operate effectively with executive leadership and Board members
• Exceptional analytical, problem solving, decision making and financial modeling capabilities
• Strategic mindset with ability to lead cross-functional finance initiatives
• Team player with excellent communication and interpersonal skills, with the ability to interact with senior executives, peers, junior members and external partners
• Adept at identifying priorities, taking initiative and ownership
• Highly organized, hands-on and detail oriented
• Ability to recognize improvement opportunities and execute
• Ability to thrive in a fast-paced, dynamic work environment
• Strong computer skills, including Microsoft Word, Excel, and PowerPoint