Source: Job Spider

FX Interbank Trading Manager/Commodity Derivatives Manager

The Foreign Exchange (FX) Interbank Trading Manager’s responsible for managing the Bank’s foreign exchange trading activities and the execution of energy derivative customer hedges. The incumbent establishes risk parameters within internal policy and monitors risk of the organization’s trading positions, internal hedges, and customer derivative hedges within established strategies and risk levels.

Position Responsibilities:

* The FX Interbank Trading Manager manages the risk established by the market makers (interbank traders) ensuring intraday, overnight foreign exchange and energy derivative policy compliance. Approved Value at Risk (VaR) is $1MM and the maximum permitted notional exposure is $45MM.

* This role is responsible for the oversight of compliance with credit and documentation requirements for the team. Additionally, they act as the legal liaison for the department risk documentation.

* This role is responsible for having a very thorough knowledge and understanding the skills of FX trading.

FX Interbank Trading Manager/Commodity Derivatives Manager

The Foreign Exchange (FX) Interbank Trading Manager’s responsible for managing the Bank’s foreign exchange trading activities and the execution of energy derivative customer hedges. The incumbent establishes risk parameters within internal policy and monitors risk of the organization’s trading positions, internal hedges, and customer derivative hedges within established strategies and risk levels.

Position Responsibilities:

* The FX Interbank Trading Manager manages the risk established by the market makers (interbank traders) ensuring intraday, overnight foreign exchange and energy derivative policy compliance. Approved Value at Risk (VaR) is $1MM and the maximum permitted notional exposure is $45MM.

* This role is responsible for the oversight of compliance with credit and documentation requirements for the team. Additionally, they act as the legal liaison for the department risk documentation.

* This role is responsible for having a very thorough knowledge and understanding the skills of FX trading, liquidity management, the dynamics of the energy sector, and regulatory requirements.

* The FX Interbank Trading Manager establishes and executes the department’s foreign exchange trading risk model for purposes of managing market risk and generating proprietary revenue or approximately $2MM while preserving margin on commercial transactions. Additionally, the Trading Manager is responsible for marketing energy derivatives while generating $1MM in margin.

* The FX Interbank Trading Manager must adhere to the Global Capital Markets policy while evaluating trading risk within the parameters of the established model. The role requires constant monitoring of the foreign currency and commodity markets and the authority to trade in order to manage the risk within assigned portfolios.

* The FX Interbank Trading Manager manages domestic and international institutional relationships to ensure credit capacity, liquidity, documentation, as well as nostro account terms, conditions, and quality of service. The gross turnover in all nostro accounts is $100 — $120 B annually.

Travel

Travel is not required of this position.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled