Head of Treasury Markets

We are seeking a senior Treasury Markets leader to build and lead OpenAI's investment management, FX, interest rate risk management, and debt markets capabilities.

Responsibilities:

Investment Management

• Own investment strategy for corporate cash and liquidity portfolios, balancing capital preservation, liquidity, yield, diversification, counterparty risk, accounting, tax, and regulatory considerations.
• Lead portfolio construction, investment policy governance, risk monitoring, performance reporting, manager/counterparty oversight, and compliance for corporate investment portfolios.
• Maintain market intelligence on rates, credit, liquidity markets, fixed income products, external manager performance, and emerging portfolio risks.

FX & Cash Flow Hedging

• Design and operate FX balance sheet and cash flow hedging programs that align exposure management, hedge objectives, accounting treatment, tax considerations, controls, and business needs.
• Manage FX and derivatives activity across global operations, including exposure analytics, hedge strategy, trade execution, counterparty management, effectiveness tracking, and reporting.
• Partner deeply with Accounting, Tax, FP&A, Legal, and business leaders to improve exposure visibility and ensure hedge programs are operationally controlled and financially sound.

Interest Rate, Debt Markets & Market Risk Management

• Build interest rate risk management capabilities for corporate liquidity, financing, infrastructure, and other business exposures where rate movements can create material financial volatility.
• Assess enterprise and other material market risks exposures where can create financial volatility, partnering with business owners to size risk, evaluate alternatives, and recommend Treasury's role when support is needed.
• Develop risk frameworks, dashboards, scenario analysis, and decision support for interest rate exposure, capital structure alternatives, balance sheet implications, hedging, commodities exposure, and operating decisions that require Treasury input.

Cross-Company Financial Analysis

• Support priority cross-company initiatives with rigorous financial analysis, clear recommendations, and disciplined execution support.
• Build business-case models for funding needs, liquidity impact, risk-adjusted returns, sensitivity analysis, and decision tradeoffs.
• Translate complex investment, FX, rates, liquidity, tax, accounting, capital structure, credit market, rating agency, risk, governance, and capital allocation topics into concise recommendations for senior leadership and Board-level audiences.

AI-Driven Treasury Leadership

• Build AI-enabled workflows that improve speed, visibility, control, and auditability across investments, FX, interest rate risk management, capital structure analysis, and related financial analysis.
• Partner with Finance, Engineering, Data, and Product teams to develop scalable, AI-native treasury infrastructure with appropriate review, documentation, and governance.

Requirements:

• 12+ years of relevant experience across investment management, corporate treasury, capital markets, banking, asset management, interest rate risk management, complex capital structures, credit markets, or related finance roles.
• Deep investment management expertise, including corporate liquidity portfolios, fixed income strategies, portfolio construction, duration, credit risk, liquidity products, external managers, and investment policy governance.
• Strong FX, interest rate risk, and derivatives expertise, including exposure analytics, hedge strategy, execution, accounting considerations, tax considerations, controls, and performance reporting.

Benefits:

• $266K – $295K • Offers Equity
• Medical, dental, and vision insurance for you and your family, with employer contributions to Health Savings Accounts
• Pre-tax accounts for Health FSA, Dependent Care FSA, and commuter expenses (parking and transit)
• 401(k) retirement plan with employer match
• Paid parental leave (up to 24 weeks for birth parents and 20 weeks for non-birthing parents), plus paid medical and caregiver leave (up to 8 weeks)
• Paid time off: flexible PTO for exempt employees and up to 15 days annually for non-exempt employees
• 13+ paid company holidays, and multiple paid coordinated company office closures throughout the year for focus and recharge, plus paid sick or safe time
• Mental health and wellness support
• Employer-paid basic life and disability coverage
• Annual learning and development stipend to fuel your professional growth
• Daily meals in our offices, and meal delivery credits as eligible
• Relocation support for eligible employees