Risk Manager - Foreign Exchange (FX)

Location:

For Those Who Work At Home - Various, Ohio 44144

ABOUT THE JOB

The First Line Risk team within Commercial Bank is responsible for the governance and tactical execution of owning and managing risk, optimizing risk and return, and enabling sound growth with speed for the business. As part of this team, the FX Risk Manager has responsibility for identifying and developing control frameworks, implementing appropriately within the line of business, and maintaining oversight and reporting as required. This also includes understanding regulatory impacts, industry perspective, and KeyBank's own risk policies. The role requires an individual who demonstrates the ability to influence others, build meaningful relationships across the organization, act with a sense of urgency, and has solid communication skills. 

The FX Risk Manager is a position that supports the Commercial Bank– Foreign Exchange (FX) business. They will provide consultative regulatory advice to the LOB, while handling compliance/risk associated projects and requests. 

  

ESSENTIAL JOB FUNCTIONS 

Primary job functions include:  

• In-depth knowledge of Foreign Exchange products including spot, forwards, and options, with the ability to provide strategic insights and guidance 

• Familiarity with Dodd-Frank regulations, ISDA documentation and protocols, NFA and CFTC 

• Partner cross-collaboratively to drive outcomes and manage risk end-to-end 

• Support active management of risk disciplines including market, credit, operational and compliance across product and/or client portfolio 

• Support development of a sound culture of managing risk throughout business by developing and enhancing training to support Commercial Bank risk awareness, and client escalation and resolution processes as required 

• Partner with internal and external partners to incorporate learnings from across the bank and the industry to calibrate our FX and payments risk strategies and capabilities 

• Leverage peers to build understanding of risk framework throughout Commercial Bank 

• Guide FX Sales and Product in adopting change management initiatives that align with business goals and regulatory compliance 

• Provide risk training to FX teams, including annual Pre-Trade Mid-Market Mark training and other FX risk-related training as needed 

• Provide advice and guidance to FX Sales and Product on new/updated procedures. Coordinate review and challenge of new/updated procedures with risk partners 

• Lead and provide oversight for FX Sales & Product teams to ensure readiness and compliance during internal audits and NFA exams. Attend audit/exam meetings alongside FX Sales and Product 

• Responsible for coordinating with Swap Dealer Compliance and outside counsel to understand the regulatory landscape and help the LOB develop appropriate controls to address new regulatory requirements 

• Enhance risk and control library and develop tests to ensure controls are aligned with FX Sales/Product procedures  

• Serve as the primary point of contact for FX Sales & Product, facilitating coordination with Swap Dealer Compliance and other risk partners  

• Collaborate with FX Sales, FX Product, FX Operations, and risk partners, to design effective remediation strategies