Onur led the implementation of a robust risk management framework and strategies that are attuned to Arçelik Hitachi’s operations in APAC which has a complex regulatory and economic landscape. This means his role often extends beyond traditional financial management. As the region continues to evolve, Onur and his team have an extended responsibility for managing risk and the impact of regulatory developments on its APAC operations.

• Operations risk – the digitisation drive led by Onur included implementing a single instance ERP system, which helped reduce paper payments and receipts by 50% in the first three months and mitigated risks of fraud.

• Foreign exchange risk – he spearheaded the adoption of sophisticated FX algorithms and average strike forwards, revolutionising Arçelik Hitachi’s approach to FX risk management. This strategic move enables more effective hedging strategies, reducing the company’s exposure to volatile currency movements and enhancing financial stability.

• Regulatory risk – Onur conducted a comprehensive review and update of the department’s policies and procedures that encompassed all areas of risk management. This initiative ensures that treasury operations are aligned to industry best practices and robust controls. An internal regulatory change and reporting repository have also helped keep track of all changes expected by the company to ensure thorough compliance.

• Receivables and other counterparty risk management – he introduced a receivables risk management strategy, achieving a 98% coverage ratio with instruments such as bank guarantees, LCs and cash collaterals. This initiative has significantly minimised the risk of bad debts and enhances the predictability of cash inflows, strengthening the company’s financial health.