Team Lead - Foreign Exchange Risk Management

Team Lead - FX Risk Management

Main purpose

The FX Risk Management Team is a middle office team managing Forex exposure arising from all the divisions: Trading, Finance, Overheads. The team is responsible for identifying FX exposure, devising hedging strategy and executing the FX trades with internal traders. It involves constant interaction with commercial traders, deals desk and operators highlighting forex risk & market opportunities and updating the FX P&L in a timely manner

Allocation of FX hedges to underlying exposure and settlement of derivatives on maturity with derivative back office is also managed by the team. The FX team also works with Treasury to manage liquidity in foreign currency accounts and minimize exposure & costs connected with interest rates and overdrafts.

Key responsibilities

Responsible for identifying, analyzing, and mitigating FX and interest rate risks, as well as overseeing related FX settlement activities arising from trading and Non-Trading operations across all divisions of Trafigura.

• Liaise with Traders, Operations and Deals Desk in identifying FX risks.
• Understand FX exposure, currency regulations and design hedging strategies for new geographies / business lines.
• Execute FX trades with internal broker.
• Actively monitor the markets for events, opportunities and early sign of distress in order to inform management and traders timely.
• Allocate the hedge P&L to each underlying exposure.
• Liaise with Derivatives Back Office in order to agree daily settlements and resolve discrepancies.
• Work with Treasury to manage account liquidity in foreign currency and minimize exposure and costs connected with interest rates and overdrafts.
• Support all manners of reconciliation related to FX and development of FX system(s) to improve current process.

Required qualifications

• Minimum 4 years of relevant experience with exposure to Foreign Exchange markets, Interest Rates, Cash / Liquidity Management, and Risk Management.
• MBA or CA qualified, CFA & FRM Certification preferred.

Attributes for success

• Be flexible, open minded, comfortable in working with firm deadlines and able to handle stress situations.
• Good team-player and an open personality with energy and drive.
• Should be proficient in excel.
• Familiarity with using multiple systems is a plus.
• Should have excellent English communication skills.

Department overview

The FX & Rates Department is a global function responsible for identifying, assessing, and mitigating foreign exchange and interest rate risks arising from Trafigura’s commodity trading activities across its Oil, Metals, Minerals, Bulk, and GPR businesses and Non-Trading activities. The department operates across multiple regions, including the Americas, APAC, and Mumbai, supporting both trading and non-trading activities while managing related FX settlement processes.

Key Relationships

• Trading Floor
• Deals Desk
• Trade Finance
• Operational Treasury
• Banks & Brokers
• Internal Broker & Back Office

Experience Level

Senior Level