Structural Foreign Exchange Risk Manager

Location London
Discipline: Risk Management & Quantitative Risk
Contact name: Callum MacRae

Contact email:
Job ref: 1754
Foreign Exchange Risk Manager 

A leading, UK headquartered universal bank are seeking a Foreign Exchange Risk Manager to join their Capital Risk team. This is a hybrid role with two days from home and three days in their London office. As the Foreign Exchange Manager you will be engaging with multiple stakeholders across different verticals and will have broad group-wide exposure.

Key responsibilities:
  • Ensure that the Group Structural FX policy and its supporting frameworks are consistently reviewed and maintained.
  • This includes developing them in collaboration with Group Treasury and Regional Treasury Risk teams, ensuring alignment with corporate standards approved by the Board and ALCO.
  • Interact with key subsidiaries to gauge the impact of regional SFX movements on the Group's overall position.
  • Scrutinize and assess both Group and subsidiary hedging strategies to verify that trade-offs are effectively measured through risk and performance metrics.
  • Evaluate and question the Group Structural FX hedging strategy, including related FX limits and other risk metrics proposed by the business, to facilitate risk approval.
  • Analyze capital ratio sensitivity, SFX exposures, and RWA linked to SFX risk, both currently and in future projections.
  • Examine the Group’s Internal Capital Adequacy Assessment concerning SFX risk.
  • Take part in governance meetings related to capital and SFX, ensuring that feedback from the second line of risk is promptly and effectively shared, documented, and acted upon.
  • Stay informed about regulations pertinent to SFX management, including those issued by the Bank of England/PRA, HKMA, and other relevant regulatory bodies.

To succeed in this role you will need to have practical experience of capital and or FX risk management in the treasury team of a global organisation. The successful candidate will possess a strong understanding of hedge accounting, FX accounting and products. 

For full details please apply following the link below.