Managing Director of Foreign Exchange

FNB Corporation; Charlotte, Northern (NC, KY); Hybrid; USD 180,000 - 280,000; Full time

Job summary

F.N.B. Corporation in Charlotte, NC seeks a Managing Director of Foreign Exchange to oversee risk management and FX trading for the Bank and its customers.

The role leads the FX trading desk, develops strategic client relationships, and expands the product slate while ensuring compliance and profitability for the department and the Bank.

Qualifications

• BA or BS degree required.
• Minimum 15 years of related experience.
• Strong communication, customer service and analytical skills.
• Proven leadership and project management abilities.
• Extensive knowledge of FX markets and risk management.

Responsibilities

• Manage risk associated with client and bank FX exposures and increase fee income.
• Lead FX trading desk and service clients with hedging strategies.
• Develop and retain comprehensive relationships with CFOs and Treasurers.
• Expand product offerings to grow fee income and profitability.
• Collaborate with internal partners to provide market research and guidance.
• Coordinate with back office, trading systems, and counterparties on post-trade processes.
• Provide training and mentorship to junior team members.

Skills

Communication

Customer service

Organizational

Analytical

Project management

Detail-oriented

Leadership

FX market knowledge

Education

BA or BS

Tools

Thomson Reuters

Bloomberg

360T

FX All

Job description

Primary Office Location: 401 S Graham St. Charlotte, North Carolina. 28202.

Join our team. Make a difference - for us and for your future.

Position Title: Managing Director of Foreign Exchange

Business Unit: Commercial Banking

Reports to: Managing Director of International Banking

Position Overview: This position is primarily responsible for risk management and foreign exchange trading for the Bank and its customers. The incumbent will manage the Bank’s foreign exchange trading desk. He/she will also be responsible for developing and retaining comprehensive relationships while meeting the risk profile, fee income and profitability profiles of the department and the Bank. He/she will build deeper client relationships through the sale of foreign exchange products and risk management solutions.

Primary Responsibilities:

• Manage the risk associated with client and Bank foreign exchange exposures, while increasing fee income through greater market liquidity and transaction execution.
• Enhance the Bank’s ability to service clients with risk management expertise.
• Increase client acquisition and retention by demonstrating FNB's expertise, knowledge, and execution ability.
• Work with the Bank and Bank's clients to understand and develop appropriate hedging strategies for both clients and Bank own portfolios.
• Increase product offering to grow fee income.
• Work with counterparties to establish ISDA, FX Agreement and Dodd-Frank documentation when required.
• Develop relationship strategies with CFOs, Controllers and Treasury and Finance Managers, and provide them with daily and or weekly market research. Markets and sells the Bank's foreign exchange platform.
• Identify research-driven trading ideas and market opportunities to drive business.
• Liaises and interacts with institutional FX traders, correspondent banks and liquidity providers to facilitate transactions and provide competitive pricing for clients.
• Work with Finance, Back Office and FX platform vendor to address any post-trade/system issues.
• Support International Banking Services short and long term goals and plans.
• Provide the sales team and administrative support staff with guidance and advice on foreign exchange transactions and market dynamics.
• Train and educate junior members to develop skills in all aspects of foreign exchange trading.
• Retain and grow the profitability of assigned portfolio.
• Develops new relationships with core markets.
• Present alternative solutions for a variety of complex business situations.
• Work with internal partners to generate referrals and leads that result in new business or expands existing business.
• Train team members on risk management, trade execution, market knowledge, and client relationship building.
• Network in the community and assigned market area.
• Establish new referral sources with Centers of Influence (COIs).
• Actively and accurately tracks sales pipeline.
• Work closely with RMs to ensure that all accounts assigned are administered according to policies, procedures and governing documents.
• Participates in line of business training and meetings.
• Perform other related duties and projects as assigned.
• All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by F.N.B. Corporation’s risk management program. F.N.B. Corporation is committed to achieving superior levels of compliance by adhering to regulatory laws and guidelines. Compliance with regulatory laws and company procedures is a required component of all position descriptions.

Minimum Level of Education Required to Perform the Primary Responsibilities of this Position:

BA or BS

Minimum # of Years of Job Related Experience Required to Perform the Primary Responsibilities of this Position:

15

Skills Required to Perform the Primary Responsibilities of this Position:

• Excellent communication skills, both written and verbal
• Excellent customer service skills
• Excellent organizational, analytical and interpersonal skills
• Excellent project management skills
• Detail-oriented
• Ability to use a personal computer and job-related software
• Excellent management skills
• Expert experience in all MS Office products. Relevant work experience required. Experience with FX systems (Thompson Reuters, Bloomberg, 360T, FX All, etc.) is highly required.

Licensures/Certifications Required to Perform the Primary Responsibilities of this Position:

N/A

Physical Requirements or Work Conditions Beyond Traditional Office Work:

Frequent driving (car, van, truck)

Equal Employment Opportunity (EEO): It is the policy of F.N.B. Corporation (FNB) and its affiliates not to discriminate against any employee or applicant for employment because of age, race, color, religion, sex, national origin, disability, veteran status or any other category protected by law. It is also the policy of FNB and its affiliates to employ and advance in employment all persons regardless of their status as individuals with disabilities or veterans, and to base all employment decisions only on valid job requirements. FNB provides all applicants and employees a discrimination and harassment free workplace. FNB will not provide sponsorship for employment-based visas for this position; only candidates who are legally authorized to work in the U.S. will be considered.

A culture of teamwork. A history of success. As a leading diversified financial services company, F.N.B. Corporation (FNB) offers a wide range of opportunities for individuals who want to grow their careers. The FNB team is a group of highly qualified professionals who work together to provide comprehensive financial solutions across our corporate footprint, which includes Pennsylvania, Ohio, Maryland, West Virginia, Virginia, North Carolina, and South Carolina.