Risk Manager - Foreign Exchange (FX)

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 lead negotiations on documentation related to the FX business as well as 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 

• Negotiate and review ISDA master agreements, CSAs, loan documentation, and related regulatory documentation 

• 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  

• Lead negotiations of FX-related contracts to mitigate risks and ensure seamless execution 

• Collaborate with FX Sales, FX Product, FX Operations, and risk partners, to design effective remediation strategies; hold stakeholders accountable for resolution of assigned tasks 

REQUIRED QUALIFICATIONS 

• Bachelor’s degree in Finance, Economics, Business/Accounting, Legal Studies, Law 

• Experience with ISDA contracts 

• Minimum 5 years of regulatory, compliance, operational risk or legal experience in swap related industry 

• Ability to synthesize, create and clearly communicate complex topics in PowerPoint 

• Some familiarity with Excel; possesses an ability to organize data and create summary views and create graphs/visualizations 

• A high degree of adaptability, energy and intellectual curiosity 

• Strong organization skills and ability to manage multiple high-level projects and competing priorities with little supervision 

• Strong client-facing communication skills with a focus on building collaborative relationships and the ability to promote inclusion of diverse knowledge, skills, and experiences to achieve results 

• Exceptional communication skills, both written and verbal, with a proven ability to effectively partner with peers and senior management in driving change 

• Demonstrated horizontal collaboration across multiple stakeholders with internal partners including sales, product, legal, compliance, and other internal and external partners 

• An ability to champion change, influence others, and foster teamwork 

PREFERRED QUALIFICATIONS 

• Law degree from an accredited law school in the United States 

• Knowledge of the FX Global Code of Conduct 

EXPANDED LEADERSHIP RESPONSIBILITIES  

• Demonstrate strong leadership skills by guiding and mentoring team members, fostering a collaborative and inclusive work environment 

• Develop and implement strategic plans to enhance risk management practices and support the overall business objectives 

• Exhibit sound decision-making abilities, particularly in high-pressure situations, to effectively manage risk and achieve business goals 

• Build and maintain strong relationships with key stakeholders, including senior management, clients, and regulatory bodies, to ensure alignment and support for risk management initiatives