Manager, Foreign Exchange

Treasury group at American Express enables profitable business growth through management of the company’s balance sheet including liquidity, capital distribution, and global money movement strategies. Treasury also plays a key role in identifying, measuring and addressing financial and operational risks. We ensure that the right amount of capital, funding, and liquidity is in the right currency, in the right place, at the right time, with the right controls.  

Reporting to the VP, Treasury, the Manager, Foreign Exchange (FX) is responsible for managing a team of FX Analysts in identifying, measuring and managing FX exposures across assigned entities and currencies and setting global FX rateas.  The role is also responsible for related hedging activities, maintains a strong control environment, monitors market and counterparty activity, and provides decision-useful reporting on currency risk and performance. The manager partners across Treasury, Finance, Risk, Tax, Technology and Banking providers to manage foreign-exchange risk within approved policy, governance and regulatory requirements.

• Bachelor’s degree or equivalent professional experience in finance, accounting, economics, business or a related discipline.
• Experience in corporate or bank Treasury, with hands-on responsibility for FX risk management, market execution or treasury dealing.
• Demonstrated understanding of currency exposures, hedging instruments, spot and forward markets, valuation, settlements, hedge performance and financial controls.
• Experience operating in a regulated, multi-entity or multinational environment is strongly preferred.
• Highly motivated self-starter who can take the lead in identifying and resolving issues and developing solutions.
• Proven ability to manage multiple priorities effectively and be able to deliver results.
• Excellent communicator with strong written and verbal communication skills; highly organized with strong analytical skills.
• Ability to adapt and embrace changing technology environments; proven proficiency in MS Office applications.
• Experience leading people, complex risk-management processes or cross-functional work; direct people-management experience is preferred.
• Working knowledge of treasury management systems, electronic trading platforms, market-data tools and advanced spreadsheet-based analysis.
• Relevant professional qualification, such as CTP, ACT or equivalent, is an asset.

Capabilities 

Risk mindset 

Applies disciplined market and risk judgment, protects the control environment and escalates concerns early. 

Analytical thinking 

Connects currency exposures, market movements, forecasts and business drivers to practical hedging decisions. 

Execution excellence 

Manages market cut-offs and competing deadlines without sacrificing accuracy or control. 

Leadership 

Creates clarity, coaches effectively and builds ownership across the team. 

Communication 

Explains foreign-exchange exposures, market developments and hedging outcomes clearly to operational and senior audiences. 

Change orientation 

Improves foreign-exchange processes through simplification, automation and thoughtful adoption of technology. 

Partnership 

Influences across functions, regions and market counterparties to deliver risk-management outcomes. 

Resilience 

Stays composed during market volatility, incidents and time-critical execution. 

Role scope and working expectations

• Handles confidential financial, banking and access information in accordance with company policy.
• Operates within documented authority limits and maintains effective segregation of duties.
• Travels occasionally where needed for team, banking, governance or project requirements
• Working on local and International Bank Holidays will be required on a rotational basis in return for time off in lieu.  

• 7am local start time is required.

   

Where work permit, visa or other immigration authorization is required, American Express may, at its sole discretion and subject to applicable law, decide whether to apply for or sponsor it. In deciding, American Express may consider business needs, the nature of the position and the cost involved.

The below represents the expected salary range for this job requisition. Ultimately, in determining your pay, we’ll consider your location, experience, and other job-related factors.​

KYD 80K – 130K 

Key Accountabilities 

Foreign-exchange risk and execution 

• Responsible for the global management of FX exposures relating to cross-border cardmember spending:
• Review and approval of daily FX exposure management processes, ensuring completion within required timelines.
• Forecasting inbound and outbound cardmember spending for a broad range of currencies, using trend analysis data from internal systems and reports.
• Reconciling daily forecasts to actuals from the Exposure Management Platform (EMP), researching any significant variances and resolving exceptions.
• Overseeing daily exposure trade instructions for execution by the Treasury FX dealing team.
• Manage all functional responsibilities within the approved risk framework; ensure compliance with all internal controls and FX applicable regulations.
• Support enhanced reporting requirements and analysis as required.

Foreign-exchange Rate Setting 

• Responsible for the daily setting of global FX rates for conversion of cardmember spending using the Rate Selection System (RSS).
• Review and approval of the daily FX rate setting processes and requirements:
• Ensure rates are set in compliance with Customer Terms and Conditions;
• Utilize proprietary systems and data service applications to source and validate rates; and
• Ensure submission of rates to downstream systems on a timely basis.
• Review and approval of rate setting processes for internal purposes.
• Maintain records in accordance with internal operational controls.
• Support Customer Service teams in relation to any cardmember / customer FX rate inquiries.
• Support broader American Express business line inquiries regarding FX rate setting.
• Support projects involving the ongoing maintenance and development of RSS.

Controls, governance and risk 

• Own and execute FX controls, including exposure validation, reconciliations, access reviews and evidence retention.
• Partner with risk and control colleagues and support activities relating to global FX policies, procedures, process maps, control descriptions and contingency plans so documentation reflects the current operating model.
• Support risk and control assessments, internal and external audits, regulatory reviews and management testing with complete, timely evidence.
• Ensure FX hedging activities comply with applicable Treasury policies, legal-entity requirements, banking mandates and local regulations.

Markets, systems and data 

• Support the effective use of systems used in all FX related activities including reporting tools; maintain appropriate access and segregation of duties.
• Support automation and ensure well-controlled technology changes.
• Recommend opportunities to improve efficiency and risk outcomes.

Leadership and partnership 

• Lead, coach and develop team members, setting clear expectations for market awareness, analytical quality, control discipline, responsiveness and continuous improvement.
• Coordinate effectively with Global Treasury, Accounting, Tax, Risk, Compliance, Technology and business teams.
• Provide concise FX analysis, scenario insights and recommendations to Treasury leadership.
• Lead projects and change initiatives affecting FX, including new currencies, products, platforms, accounting changes, counterparty arrangements and resilience improvements.
• Act as an FX subject-matter expert and provide reliable coverage for critical market and execution activities.
• Cross train and provide coverage for Manager, Cash Management & Funding as required.