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Treasury Operations Manager, Asia

Company Name:  Lyondell Greater China Ho


Req ID:  72974
Facility:  Hong Kong-419
Department:  Treasury Operations
Division:  Finance

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world's largest producer of polypropylene compounds and the largest licensor of polyolefin technologies. In 2020, LyondellBasell was named to Fortune Magazine's list of the "World's Most Admired Companies" for the third consecutive year.

Basic Function

Reporting to the Senior Treasury Manager Asia, the Treasury Operations Manager Asia is responsible for managing regional liquidity management, foreign currency risk strategies and treasury-related activities in both Asia Pacific & AFMEI region with a coverage of USD 4+ billion profile of 34 legal entities from 5 business divisions .   Responsibilities include managing cash & liquidity, short term investing, borrowing under credit facilities, execution of internal and external FX transactions, and mitigate risks within Treasury function by delivering the approved Treasury strategies, ensuring treasury operations fully comply with company policies and controls that support LYB overall objectives

The position communicates frequently with a broad array of functional groups within global Treasury and various Finance related functions across Asia & AFMEI.  This role also interacts closely with other functional areas within LYB and also interface regularly with 16 external banking partners.

Roles & Responsibilities
  • Manage short term cash balances held and working capital/liquidity for all bank accounts in APAC & AFMEI
  • Analyse and report regional FX risk
  • Mitigate financial risks, primarily foreign currency exposure through close coordination with Europe Treasury Group of executing derivative financial instruments
  • Continuous strengthen existing Treasury controls framework 
  • Represent Asia as the primarily business partner for all Group lead Treasury initiatives and projects 
  • Lead SAP Treasury related projects for all entities throughout APAC & AFMEI
  • Monitor bank service fees and address bank service quality issues
  • Perform as security administrator for all bank software tools throughout APAC & AFMEI
  • Coordinate issuance of Bank Guarantees and Letters of Credit in both regions of APAC & AFMEI
  • Monitor Treasury policies documentation and reporting process
  • Support the developing and re-engineering of the regional and global cash management structure
  • Ensure 100% compliance of  KYC documentations for all APAC & AFEMI legal entities with all banks  
  • Be the primary contact with cash management bank representatives
  • Support as needed the regional Trade Finance activities, including supporting and managing the trade finance-related bank relationships and processes.
  • Educate subsidiaries and other departments on the content and implications of compliance with Global Treasury Policies and highlighting the impact that non-compliance can have on the group
Min. Qualifications

Functional Competencies:

  • Well-organised, structured working approach
  • Ability to clearly and effectively communicate with a wide range of audiences, internally and externally
  • Exceptional collaboration, verbal and written communication skills 
  • Strong focus on accuracy and detail 
  • Able to work under pressure in a company with an international culture
  • Interested in continuous process improvement


  • Relevant University undergraduate degree
  • Significant 7 to 10 years of solid corporate treasury experience in a multinational company environment or in an international banking industry 
  • Extensive knowledge of effective cash management, banking, and financial instruments
  • Advanced analytical and interpersonal skills to work effectively at all levels in an organization
  • Ability to develop & maintain strong relationship, trust and credibility with internal and external stakeholders
  • Ability to work autonomously & independently and be part of the broader team
  • Ability to handle objections, analyze issues, develop rational solutions and well-thought out conclusions to balance risk with results
  • Strong project management skills 

Critical Competencies/Behaviors:

  • Getting Results and Added Value Focus: The capability of meeting challenging objectives in an efficient and effective way.  Contributing to the goals and the profitability of the company by getting the right things done in the right time against the lowest possible costs.  Actively seeking business opportunities that provide the Company with a high added value.
  • Openness and Willingness to Learn: The aptitude to actively explore new ideas that can enhance performance, taking in new knowledge as he/she goes. This can only occur when the individual maintains an open attitude in all respects, removing any barriers to learning and development. Maturity to identify potential problems or errors proactively and assist with implementing solutions.  Essential is an eagerness to discover the unknown while not being afraid to challenge long standing beliefs, even if this means going against the crowd.
  • Teamwork Attitude: The willingness to strive together to realise solutions in a challenging team setting; looking for the common interest; aspiring to reach answers to problems and solutions driven by the company's interests.


  • Fluent in English & Mandarin language skills
Builds effective teams
Cultivates innovation
Customer focus
Demonstrates courage
Drives results
Ensures accountability
Instills trust and exemplifies integrity
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