Head of Foreign Exchange (FX) Operations

Deutsche Bank; London; On-site; GBP 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a Global Head of Foreign Exchange to lead operations in a dynamic environment. This role offers the opportunity to drive strategic improvements and collaborate with key stakeholders across the globe. You will be pivotal in representing the firm at industry forums while enhancing revenue and control processes. With a commitment to employee development and wellbeing, the company provides a hybrid working model, competitive salary, and a range of benefits, ensuring a supportive environment for your career growth.

Benefits

Hybrid Working Model

Competitive Salary

Non-Contributory Pension

30 Days Holiday

Life Assurance

Private Healthcare

Flexible Benefits

Volunteering Leave

Qualifications

• Extensive FX Middle Office or operational experience required.
• Proven track record in transformation delivery is essential.

Responsibilities

• Oversee global middle office functions with local accountability.
• Collaborate with regional management for performance consistency.

Skills

FX Middle Office Experience

Transformation Delivery

Knowledge of AFME and Bank of England

Audit and Risk Management

Matrix Management Experience

Job description

Job Title: Global Head of Foreign Exchange (FX)

Location: London

Corporate Title: Director

As part of the Investment Bank (IB) Cross Product Ops (CPO) organisation, you will be responsible for the daily operations of the FX functions globally, reporting directly to the Co-Head of IB CPO. You will serve as the primary contact for business leads and collaborate with key stakeholders to ensure smooth and controlled business operations. Your role includes delivering strategic improvements to enhance revenue, control, and processes, representing Deutsche Bank at industry forums, and partnering with FX peers to drive systemic industry improvements.

What we’ll offer you

We are committed to creating a supportive environment that fosters your development and wellbeing. You can expect:

• Hybrid Working Model allowing flexible remote work
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with options to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• Flexible benefits including retail discounts, Bike4Work scheme, and gym benefits
• Support for CSR initiatives and 2 days’ volunteering leave annually

Your key responsibilities

• Participate in industry groups like AFME to promote industry transformation, focusing on reducing settlement and payment processing risks through PVP, Blockchain, and emerging technologies
• Implement industry best practices for measuring and reducing payment errors
• Prepare for T+1 settlement impact and atomic T0 settlement
• Oversee the global middle office function with local accountability in the UK
• Collaborate with regional management to ensure performance and control consistency across global Middle Office functions
• Represent Deutsche Bank in FX council and industry bodies
• Act as the primary contact for business issue resolution and strategy implementation
• Monitor risks and metrics, serving as escalation point for Middle Office issues globally

Your skills and experience

• Extensive FX Middle Office or operational experience
• Proven transformation delivery experience
• Knowledge of AFME and Bank of England forums
• Experience with audit, risk, and regulatory requirements
• Experience working with global teams in a matrix management environment

How we’ll support you

• Training and development opportunities
• Flexible working arrangements
• Culture of continuous learning and progression
• Inclusive environment with reasonable adjustments for disabilities

About us

Deutsche Bank is a leading German bank with a strong European presence and a global network. We promote a culture of responsibility, collaboration, and excellence, welcoming applications from diverse backgrounds to foster an inclusive workplace.

About the company

Our network spans 58 countries, with a significant presence in Europe, the Americas, and Asia.