Treasury Analyst - Market Risk Management

Netflix is one of the world's leading entertainment services, with 283 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume watching as much as they want, anytime, anywhere, and can change their plans at any time.

Netflix’s Market Risk Management team manages several multi-billion dollar foreign currency hedging programs, including Revenue & Production Cash Flow, Fair Value, and Balance Sheet programs. We oversee the associated trading activity, with approximately $24B in derivatives outstanding at the end of 2024, and manage interest rate risk on our $15 billion debt portfolio. This work involves maintaining strong relationships with external banking partners and collaborating closely with internal stakeholders across FP&A, Engineering, Tax, Legal, and Accounting.

We are looking for an intellectually curious individual with the drive to accelerate the next phase of our market risk management program. The ideal candidate will have excellent problem-solving skills, a sharp mindset, and a collaborative approach to working across functions. This pivotal role will assist in evaluating the success of our current program and proposing strategies to enhance it, contribute to complex cross-functional projects, and support initiatives that require a deep understanding of financial concepts.

This position can be based in either of our California office locations (Los Gatos or Los Angeles) and reports to the Senior Treasury Manager.

It's an amazing time to join Netflix as we continue shaping the future of global entertainment, bringing new stories to millions of people worldwide.  Visit our culture memo and long-term view to learn more.

Responsibilities

• Collaborate closely with the extended Treasury Team, Financial Planning & Analysis, Production Finance, Technical Accounting, IT Operations, Data Science & Engineering, Tax, and Legal teams to generate accurate forecasting data & associated analytics.

• Develop and maintain internal models to assess the cost of execution, VaR, and other ad hoc initiatives around risk quantification.

• Develop and prepare FX management reports and hedging performance metrics, providing key stakeholders across Netflix with valuable insights.

• Prepare trades in accordance with our hedge strategies and ensure completion of trade workflow.  Ability to grow into trade execution.

• Gain an in-depth understanding of Netflix's various foreign currency revenue and expense streams and their implications on free cash flow, the income statement, and the balance sheet.

• Conduct rigorous quantitative and qualitative analysis of global financial markets and trends concerning our FX and interest rate exposure.

• Support additional Treasury projects and provide thought leadership backed by quantitative analysis.  

• Liaise with the Accounting team to perform month and quarter-end close activities related to FX.

• Ensure compliance activities are performed according to Netflix’s policies and internal control environment; support internal and external audits.

Key Qualifications Required:

• 3+ years experience in corporate treasury, or related experience in banking or consulting

• Bachelor’s/Master's in engineering, mathematics, statistics or applied sciences

• Pursuing or willing to pursue CFA or FRM certifications

• Keen interest in global markets and different asset classes

• Some familiarity with statistical language (Python/R) & BI software (Tableau/Power BI) with strong logic-building skills to write codes by using AI platforms

• Experience maintaining and developing models and large datasets

• Meticulous approach to problem-solving while possessing strong analytical, decision-making, and communication skills

Preferred:

• Experience/theoretical understanding of derivatives and corporate finance principles

• Prior experience using Bloomberg and some familiarity with trade execution platforms

• Basic familiarity with accounting principles and reading different financial statements

Our compensation structure consists solely of an annual salary; we do not have bonuses. You choose each year how much of your compensation you want in salary versus stock options. To determine your personal top-of-market compensation, we rely on market indicators and consider your specific job family, background, skills, and experience to determine your compensation in the market range. The range for this role is $50,000 - $240,000.

Netflix provides comprehensive benefits including Health Plans, Mental Health support, a 401(k) Retirement Plan with employer match, Stock Option Program, Disability Programs, Health Savings and Flexible Spending Accounts, Family-forming benefits, and Life and Serious Injury Benefits. We also offer paid leave of absence programs.  Full-time hourly employees accrue 35 days annually for paid time off to be used for vacation, holidays, and sick paid time off. Full-time salaried employees are immediately entitled to flexible time off. See more detail about our Benefits here.

Netflix has  a unique culture and environment.  Learn more here.

Inclusion is a Netflix value and we strive to host a meaningful interview experience for all candidates. If you want an accommodation/adjustment for a disability or any other reason during the hiring process, please send a request to your recruiting partner.

We are an equal-opportunity employer and celebrate diversity, recognizing that diversity builds stronger teams. We approach diversity and inclusion seriously and thoughtfully. We do not discriminate on the basis of race, religion, color, ancestry, national origin, caste, sex, sexual orientation, gender, gender identity or expression, age, disability, medical condition, pregnancy, genetic makeup, marital status, or military service.