Senior Global FX Risk Manager
About The Position
Maintain and oversee all FX Middle Office functions for the Global FX Solutions department, ensuring strong control frameworks, operational integrity, and readiness for multiple annual internal and external audits and regulatory reviews. Oversee dayâtoâday operational support for FX activities, including trade processing, lifecycle events, certifications, client service issues, and escalation of material operational or control risks. Monitor FX trade lifecycle events, market and counterparty exposures, margin requirements, collateral movements, and limit utilization, escalating issues as appropriate. Support daily FX position, valuation, and P&L reporting, including reconciliation with Front Office, review and challenge of unexplained P&L, and support of valuation adjustments and reserves. Identify, assess, and escalate operational, market, and valuation risks, acting as a firstâline risk owner and contributing to the development and monitoring of FX KPIs, KRIs, and control metrics. Drive continuous process improvement by identifying opportunities to streamline workflows, reduce manual processing, enhance automation, and improve control effectiveness. Collaborate on regulatory and compliance initiatives and reporting requirements (including MiFID II, EMIR, DoddâFrank, and UMR), ensuring timely, accurate submissions and adherence to evolving regulatory standards. Act as a key liaison with Front Office, Back Office, Risk, Compliance, Finance, Internal Audit, and Technology teams to resolve FX trade, valuation, and controlârelated issues. Perform and oversee daily, monthly, and quarterly reconciliations between Front Office and Back Office systems, investigating and resolving breaks with internal stakeholders or external counterparties. Ensure compliance with all bank policies, governance standards, and regulatory requirements, including BSA, KYC, CRA, Fair Lending, Code of Conduct, and new product approval processes. Conduct and manage Quality Assurance (QA) exams, own the QA framework, track findings, and ensure timely remediation and closure of issues. Produce management information, business insights, and ad hoc analysis to support FX risk oversight, senior management reporting, and strategic decisionâmaking. Support and lead automation initiatives, system enhancements, and process reâengineering efforts in partnership with Technology and Operations teams. Participate in system upgrades, platform migrations, UAT testing, and new product or market rollouts, ensuring robust middleâoffice controls and postâimplementation validation. Perform additional projects and initiatives as assigned, including support for strategic change programs, regulatory remediation, and business growth initiatives.
Requirements
- Bachelor’s or master’s degree in related field, such as finance, business management, economics, and statistics
- 7-10 year banking or financial services industry experience
- Strong understanding of financial market dynamics and FX market structure
- Proficient in FX products and instruments, including FX wire, spot, forwards, swaps, and NDFs
- Deep knowledge of the FX trade lifecycle and regulatory environment
- Excellent verbal and written communication skills
- Well-organized with the ability to manage multiple priorities effectively
- Familiar with trading and data platforms such as Bloomberg, Reuters, and single-dealer platforms
- Advanced proficiency in Excel and Microsoft Office; experience with macros/VBA is a plus
Nice To Haves
- Professional certifications (e.g., CFA, FRM, or relevant operations credentials) are a plus
Responsibilities
- Maintain and oversee all FX Middle Office functions for the Global FX Solutions department
- Oversee dayâtoâday operational support for FX activities
- Monitor FX trade lifecycle events, market and counterparty exposures, margin requirements, collateral movements, and limit utilization
- Support daily FX position, valuation, and P&L reporting
- Identify, assess, and escalate operational, market, and valuation risks
- Drive continuous process improvement
- Collaborate on regulatory and compliance initiatives and reporting requirements
- Act as a key liaison with Front Office, Back Office, Risk, Compliance, Finance, Internal Audit, and Technology teams
- Perform and oversee daily, monthly, and quarterly reconciliations between Front Office and Back Office systems
- Ensure compliance with all bank policies, governance standards, and regulatory requirements
- Conduct and manage Quality Assurance (QA) exams
- Produce management information, business insights, and ad hoc analysis to support FX risk oversight, senior management reporting, and strategic decisionâmaking
- Support and lead automation initiatives, system enhancements, and process reâengineering efforts
- Participate in system upgrades, platform migrations, UAT testing, and new product or market rollouts
- Perform additional projects and initiatives as assigned
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
501-1,000 employees
