Foreign Exchange Analyst

First Horizon Bank

Memphis (TN)

On-site

USD 120,000 - 190,000

Full time

11 days ago

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Benefits offered by this job

Medical with wellness incentives

HSA with company match

Maternity and parental leave

Tuition reimbursement

Mentor program

401(k) with 6% match

Job summary

First Horizon Bank seeks an experienced Foreign Exchange Trading Advisor to lead and improve FX product execution, develop operational best practices, and coordinate market commentary for internal and external audiences. The role focuses on trading oversight, process development, and risk management across FX products.

The ideal candidate brings strong analytical and financial modeling skills, client-focused ethics, and a collaborative mindset to support revenue growth and system enhancements

Qualifications

At least four years of experience in Trade Finance/FX-related products.
Strong analytical and financial modeling skills.
Initiative, integrity, reliability and ability to meet deadlines.
Demonstrates a client-focused work ethic.
Highly effective and cooperative team player.
Understanding of accounting principles key to foreign exchange risk management.
Excellent oral and written communication as well as interpersonal and organizational skills.
Bachelor’s degree with MBA or MA in Accounting and/or CFA preferred.

Responsibilities

Executes or manages coverage of daily trading and settlement for foreign exchange transactions and products like Foreign Currency Accounts.
Monitors documentation and reporting of trades in accordance with regulations, policies and procedures.
Provides periodic FX commentary for internal and external distribution.
Creates ad-hoc FX commentary and/or indication pricing for specific customer scenarios.
Coordinates with FX System vendor, liquidity providers and internal partners for implementation and ongoing improvements to Foreign Exchange system for back office and customer front end.
Coordinates FX-specific team compliance training with department Compliance Officer.

Skills

Analytical skills

Financial modeling

Communication

Client-focused

Team player

Regulatory knowledge

Education

Bachelor’s degree with MBA or MA in Accounting and/or CFA preferred

Tools

FX System

Job description

Summary

The Foreign Exchange Trading Advisor is responsible for ongoing development First Horizon's foreign exchange product execution and development to increase efficiency, company-wide usage, and revenue. The person in this position will be responsible for trading (or coverage of trading) and for ongoing development and implementation of operational best practices for servicing foreign exchange products. The Advisor will generate or coordinate publication of periodic commentary pieces on the foreign exchange market, as well as addressing ad-hoc, internal, and external audiences on foreign exchange and the company’s products. The Foreign Exchange Trading Advisor assists with the development of processes and systems to address client needs and manage risks and manages day-to-day foreign exchange trading activities.

Duties and Responsibilities

Executes or manages coverage of daily trading and settlement for foreign exchange transactions and products like Foreign Currency Accounts.
Monitors documentation and reporting of trades in accordance with regulations, policies and procedures.
Provides periodic FX commentary for internal and external distribution.
Creates ad-hoc FX commentary and/or indication pricing for specific customer scenarios.
Coordinates with FX System vendor, liquidity providers and internal partners for implementation and ongoing improvements to Foreign Exchange system for back office and customer front end.
Coordinates FX-specific team compliance training with department Compliance Officer.

Requirements

At least four years of experience in Trade Finance/FX-related products
Strong analytical and financial modeling skills
Initiative, integrity, reliability and ability to meet deadlines
Demonstrates a client-focused work ethic
Highly effective and cooperative team player
Has understanding of accounting principles key to foreign exchange risk management
Excellent oral and written communication as well as interpersonal and organizational skills
Bachelor’s degree with MBA or MA in Accounting and/or CFA preferred

The ideal candidate

Excels at listening for customer needs and providing solutions
Has experience in analyzing/reporting on international market events and their impact on foreign exchange
Acts as a trusted advisor to internal and external partners
Has knowledge of foreign exchange and related trade finance products used by all levels of clients
Develops and documents counterparty relationships, trading procedures and risk analyses
Is proficient with systems used to trade and manage foreign exchange
Maintains an awareness of regulations and accounting standards governing foreign exchange

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .

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