Risk Manager – Foreign Exchange – Fx

Risk Manager – Foreign Exchange – Fx

Requirements

• Bachelor’s degree in Finance, Economics, Business/Accounting, Legal Studies, Law
• Experience with ISDA contracts
• Minimum 5 years of regulatory, compliance, operational risk or legal experience in swap related industry
• Ability to synthesize, create and clearly communicate complex topics in PowerPoint
• Some familiarity with Excel; possess an ability to organize data and create summary views and create graphs/visualizations
• A high degree of adaptability, energy and intellectual curiosity
• Strong organization skills and ability to manage multiple high-level projects and competing priorities with little supervision
• Strong client-facing communication skills with a focus on building collaborative relationships and the ability to promote inclusion of diverse knowledge, skills, and experiences to achieve results
• Exceptional communication skills, both written and verbal, with a proven ability to effectively partner with peers and senior management in driving change
• Demonstrated horizontal collaboration across multiple stakeholders with internal partners including sales, product, legal, compliance, and other internal and external partners
• An ability to champion change, influence others, and foster teamwork

Responsibilities

• In-depth knowledge of Foreign Exchange products including spot, forwards, and options, with the ability to provide strategic insights and guidance
• Negotiate and review ISDA master agreements, CSAs, loan documentation, and related regulatory documentation
• Familiarity with Dodd-Frank regulations, ISDA documentation and protocols, NFA and CFTC
• Partner cross-collaboratively to drive outcomes and manage risk end-to-end
• Support active management of risk disciplines including market, credit, operational and compliance across product and/or client portfolio
• Support development of a sound culture of managing risk throughout business by developing and enhancing training to support Commercial Bank risk awareness, and client escalation and resolution processes as required
• Partner with internal and external partners to incorporate learnings from across the bank and the industry to calibrate our FX and payments risk strategies and capabilities
• Leverage peers to build understanding of risk framework throughout Commercial Bank
• Guide FX Sales and Product in adopting change management initiatives that align with business goals and regulatory compliance
• Provide risk training to FX teams, including annual Pre-Trade Mid-Market Mark training and other FX risk-related training as needed
• Provide advice and guidance to FX Sales and Product on new/updated procedures. Coordinate review and challenge of new/updated procedures with risk partners
• Lead and provide oversight for FX Sales & Product teams to ensure readiness and compliance during internal audits and NFA exams. Attend audit/exam meetings alongside FX Sales and Product
• Responsible for coordinating with Swap Dealer Compliance and outside counsel to understand the regulatory landscape and help the LOB develop appropriate controls to address new regulatory requirements
• Enhance risk and control library and develop tests to ensure controls are aligned with FX Sales/Product procedures
• Serve as the primary point of contact for FX Sales & Product, facilitating coordination with Swap Dealer Compliance and other risk partners
• Lead negotiations of FX-related contracts to mitigate risks and ensure seamless execution
• Collaborate with FX Sales, FX Product, FX Operations, and risk partners, to design effective remediation strategies; hold stakeholders accountable for resolution of assigned tasks

Preferred Qualifications

• Law degree from an accredited law school in the United States
• Knowledge of the FX Global Code of Conduct