FX Manager- Musket Europe SARL (Geneva, Switzerland)
About The Position
Musket Europe, SARL is seeking an FX Manager in Geneva, Switzerland to lead and enhance the company's foreign exchange risk management. This role involves critically evaluating and improving current methods for identifying, tracking, and managing FX exposure, rather than just maintaining existing processes. The FX exposure stems from both trading and commercial activities (above-the-line) and financing, balance sheet translation, and intercompany funding (below-the-line). The Head of FX will be responsible for creating a comprehensive view of all exposures and managing them in a disciplined, well-governed manner. This position integrates treasury, trading, and technology, requiring expertise in risk management, relationship management, and process ownership.
Requirements
- 5+ years of experience in a Middle Office function, ideally within a trading house, bank, or commodity-trading environment
- Direct FX experience is not required — strong Middle Office fundamentals and the ability to learn, adapt, and improve a function quickly are prioritized. Candidates from adjacent asset classes (commodities, rates, credit, etc.) are encouraged to apply.
- Demonstrated experience tracking and managing risk/exposure in a real operating environment, not purely theoretical/academic knowledge
- Strong interpersonal and communication skills — needs to be credible and effective when interacting with the market (counterparties, banks, brokers) and internal traders and stakeholders
- Comfort working across multiple currencies and regions simultaneously (Europe, North America, and ideally some Latin America exposure)
- A genuinely curious, improvement-oriented mindset — someone who will actively question and refine how things are done, not just maintain the status quo
Responsibilities
- Identify, quantify, and track FX exposure generated by both above-the-line (trading/commercial) and below-the-line (financing/balance sheet) activity
- Maintain a consolidated, accurate view of exposure across all currencies and entities in scope
- Flag emerging or unusual exposure promptly to relevant stakeholders
- Develop and execute hedging strategies appropriate to the underlying exposure and the company's risk appetite
- Monitor and manage exposure across Europe, North America, and potentially parts of Latin America, adapting the approach to the liquidity, volatility, and regulatory characteristics of each region
- Continuously reassess hedging approach as the business and its geographic footprint evolve
- Learn the current FX tracking/management system and processes in detail
- Identify gaps, inefficiencies, and manual workarounds, and drive improvements — this role owns making the system genuinely fit for purpose, not just operating it as-is
- Partner with technology/IT stakeholders as needed to implement improvements
- Liaise closely with internal stakeholders, including traders and commercial teams, to understand upcoming and existing exposure
- Serve as the primary point of contact with external FX counterparties (banks, brokers) — sourcing pricing, executing hedges, and managing these relationships professionally and effectively
- Communicate exposure, hedging activity, and risk positions clearly to internal leadership
- Produce regular, clear reporting on FX exposure and hedging activity for internal stakeholders and management
- Help define and maintain appropriate FX policy and governance as the function matures
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
