FX Risk and Control

Location: London, United Kingdom
Rate: Competitive
Job Type: Permanent, Full time

Job description:

Our client, a Boutique bank based in the City which has experienced exponential growth in the last five years across the FX and Payments market, is continuing to strive to become a leading player in their field. Due to the on-going growth of their business and the continual need to re-engineer their core internal risk and control processes, they are looking for an experienced individual – at either VP or AVP level -to join their busy Risk and Control function.

Key responsibilities:

With a central global control and risk function needing to be built out, the Bank is looking for individuals with strong risk, control & governance background that will be reviewing existing processes, working to ensure they are robust. Candidates will be experienced in FX products and have a solid understanding of assessments and information metrics; ultimately be responsible for a variety of work across these areas and will include;

  • Front to Back control review of the FX space, ensuring compliance with applicable rules
  • Acting as the representative in the bank wide new products panel facing off to the new product team in conjunction with other infrastructure functions to include risk, audit and compliance.
  • Oversight of CASS.
  • Overlooking Client Set up, Collateral, Confirmations, Reconciliations and Reporting.
  • With a central global control and risk function needing to be built out, the Bank is looking for individuals with strong risk, control & governance background that will be reviewing existing processes, working to ensure they are robust. Candidates will be experienced in FX products and have a solid understanding of assessments and information metrics; ultimately be responsible for a variety of work across these areas and will include;
  • Front to Back control review of the FX space, ensuring compliance with applicable rules
  • Acting as the representative in the bank wide new products panel facing off to the new product team in conjunction with other infrastructure functions to include risk, audit and compliance.
  • Oversight of CASS.
  • Overlooking Client Set up, Collateral, Confirmations, Reconciliations and Reporting.
  • Conducting risk comparisons and assessments.
  • Conducting operational due diligence in regards to new products.
  • Managing the ops processes around trader mandates.
  • Formulating best practice for control standards in operations.
  • Holding risk meetings for all fixed income products.
  • Conducting risk comparisons and assessments.
  • Conducting operational due diligence in regards to new products.
  • Managing the ops processes around trader mandates.
  • Formulating best practice for control standards in operations.
  • Holding risk meetings for all fixed income products.

Required Skills & Qualifications:

Ideally you will have previous experience in a risk and control function or have a background in either middle office across the trade capture in FX, validation and affirmation processes, or alternatively from a finance background such as product control. This role is asset class agnostic however knowledge of structured products would be an advantage.

The type of person required will possess a confident and self assured nature with the ability to manage the expectations of senior stakeholders across the global operations network and be able to challenge and influence the attitudes and of those involved in the mitigation of issues surrounding line risk and control. As such you will be required to impart your own opinion to a variety of circumstances and requirements and to drive forward the necessary communication lines to enable a robust risk and control framework to be maintained and to foster an environment promoting proactive escalation.

To apply please email your CV to the following consultant:  

Daniel Vano
Daniel.Vano@trevosepartners.com
020 3763 3908