FX – Passive Currency Overlay Solutions Product Manager

Borr Drilling; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading financial institution seeks a Product Manager for their Managed Forex and Overlay Solutions. This role focuses on creating and enhancing products for external custodians, ensuring compliance with regulations, and collaborating across business functions to drive client success. The ideal candidate will have strong knowledge in investment operations and experience in the Forex space, with a focus on understanding the specific needs of the APAC market.

Qualifications

• Strong industry knowledge in Investment Operations and Custody.
• Experience with Forex and Passive Currency Overlay.
• Knowledge of APAC market specifics and regulatory environment.

Responsibilities

• Develop and lead product strategy for Managed Forex and Overlay Solutions.
• Coordinate product validation and ensure compliance with regulations.
• Support business development and sales processes.

Skills

Strong industry knowledge

Excellent communication skills

Team spirit

Client focus

Analytical thinking

Education

Relevant industry qualifications

Tools

Bloomberg

Markit

Job description

Job Description & Requirements

As the leading European Union bank and one of the world’s largest financial institutions, BNP Paribas has been present in the region since 1860. We offer a wide range of financial services for corporate, institutional, and private investors, including corporate and institutional banking, wealth management, asset management, and insurance. We are committed to diversity and fostering an inclusive workplace where all employees are valued. We encourage applicants of all backgrounds, including those with disabilities. Our internal employee networks include:

• BNP Paribas PRIDE for the LGBTQIA+ community
• BNP Paribas MixCity promoting women’s representation
• Ability, supporting employees with disabilities or chronic illnesses
• BNP Paribas CulturAll celebrating diverse backgrounds

BNP is dedicated to financing a carbon-neutral economy by 2050. The Group is a founding member of the Net-Zero Banking Alliance and has established its Low Carbon Transition Group to support clients through energy transitions. More information can be found at BNP Paribas Careers.

POSITION PURPOSE

This role involves developing and leading the product strategy for BNP Paribas Managed Forex and Overlay Solutions (MFOS) Business Lines. The position requires collaboration with local Business Development teams and Sales to support the Custody and GM franchises. The MFOS Business Line, recently integrated with GM Global Macro, aims to combine FX strengths and solutions to enhance product offerings, especially for external custodians. The role is based in APAC to leverage local market expertise and regulatory knowledge, ensuring high-quality client service.

Key Responsibilities

Responsibilities include both product management (evolution of existing offerings) and product setup (creation of new services).

Designing Products

• Establish new products aligned with MFOS business strategy and identify development opportunities.
• Position products to meet market standards and client needs, highlighting value-added services to differentiate from competitors.
• Identify and promote new product setups or evolutions, participate in pricing guidelines, and maintain documentation.
• Ensure consistency between development strategies, offer definitions (including pricing), and internal support functions (front office, back office, IT, marketing).
• Analyze regulatory changes to ensure compliance.
• Sponsor and support new product implementation projects involving IT and Operations.

Validating Products

• Coordinate product validation through NAC, including detailed descriptions and impact analysis.
• Verify conditions are met before product launch, ensuring all blocking conditions are completed.

Supporting Business Development and Sales

• Assist in sales processes, RFP responses, and provide expertise to clients.
• Contribute to internal training and maintain comprehensive product documentation.

Other Roles

• Conduct regulatory and market watch on MFOS activities.
• Raise awareness of MFOS products within BNP Paribas through training and engagement.
• Collaborate on system evolution and operational reorganizations to meet client needs.
• Support onboarding of new clients requiring specific expertise.
• Become the APAC MFOS reference for product and market evolutions.

Conduct Environment

• Maintain full operational conduct governance, manage dilemmas, and ensure escalation processes are followed.
• Be aware of conduct risks and implement mitigation measures.

Experience, Qualifications & Competencies

• Strong industry knowledge, especially in Investment Operations and Custody.
• Experience with Forex and Passive Currency Overlay.
• Knowledge of APAC market specifics and regulatory environment.
• Ability to collaborate across functions and locations.
• Excellent communication skills and team spirit.
• Product management expertise, regulatory awareness, and risk sensitivity.
• Autonomy and self-motivation.
• Proficiency with Bloomberg and Markit.
• Relevant industry qualifications.

Competencies include client focus, adaptability, results orientation, communication, decision-making, teamwork, innovation, and analytical thinking.