Senior Global FX Risk Manager

Maintain and oversee all FX Middle Office functions

Ensure strong control frameworks, operational integrity, and readiness for multiple annual internal and external audits and regulatory reviews.

Operational Support

• Oversee day-to-day operational support for FX activities, including trade processing, lifecycle events, certifications, client service issues, and escalation of material operational or control risks.

Risk Management

• Monitor FX trade lifecycle events, market and counterparty exposures, margin requirements, collateral movements, and limit utilization, escalating issues as appropriate.
• Identify, assess, and escalate operational, market, and valuation risks, acting as a first-line risk owner and contributing to the development and monitoring of FX KPIs, KRIs, and control metrics.

Process Improvement

• Drive continuous process improvement by identifying opportunities to streamline workflows, reduce manual processing, enhance automation, and improve control effectiveness.

Regulatory and Compliance

• Collaborate on regulatory and compliance initiatives and reporting requirements (including MiFID II, EMIR, Dodd-Frank, and UMR), ensuring timely, accurate submissions and adherence to evolving regulatory standards.

Liaison and Communication

• Act as a key liaison with Front Office, Back Office, Risk, Compliance, Finance, Internal Audit, and Technology teams to resolve FX trade, valuation, and control-related issues.

Reconciliation and Compliance

• 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.

Quality Assurance

• Conduct and manage Quality Assurance (QA) exams, own the QA framework, track findings, and ensure timely remediation and closure of issues.

Reporting and Analysis

• Support and lead automation initiatives, system enhancements, and process re-engineering efforts in partnership with Technology and Operations teams.
• Participate in system upgrades, platform migrations, UAT testing, and new product or market rollouts, ensuring robust middle-office controls and post-implementation validation.
• Support and lead additional projects and initiatives as assigned, including support for strategic change programs, regulatory remediation, and business growth initiatives.

Qualifications/Requirements

• Educational Background:
• Bachelor’s or master’s degree in related fields such as finance, business management, economics, and statistics.
• Experience:
• 7-10 years of banking or financial services industry experience.
• Skills:
• Strong understanding of financial market dynamics and FX market structure.
• 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.
• Familiarity 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.
• Professional certifications (e.g., CFA, FRM, or relevant operations credentials) are a plus.

Pay

The salary range for this full-time position is $130,000.00 annually - $170,000.00 annually + bonus + benefits.