FX Risk Manager

Brown Brothers Harriman•New York, NY

5d•$130,000 - $180,000

About The Position

At BBH, Partnership is more than a form of ownership—it’s our approach to business and relationships. We know that supporting your professional and personal goals is the best way to help our clients and advance our business. We take that responsibility seriously. With a 200-year legacy and a shared passion for what’s next, this is the right place to build a fulfilling career. Robust Risk Management centered on the protection of the firm and its clients is core to BBH’s philosophy. The FX Risk Manager is responsible for the independent oversight and management of market, liquidity, and related risks arising from the bank's Foreign Exchange trading activities. The role serves as senior risk partner to the FX business, while being organizationally positioned to exercise independent risk oversight and challenge, and to ensure FX trading activities are conducted within the bank's established risk appetite, limits, policies, and regulatory constraints. The position requires a deep understanding of FX markets, trading strategies, risk measurement methodologies, and the regulatory environment applicable to a US banking organization with a global client base.

Requirements

Bachelor's degree in finance, economics, mathematics, or a related quantitative discipline; advanced degree or professional qualification desirable
10–15+ years of relevant experience in financial markets, market risk, trading, quantitative risk, or a closely related discipline
Experience in a front office risk or control function within the financial services industry
Prior experience as an FX risk manager, FX trader, quantitative analyst, or senior market risk professional
Experience managing risk during periods of significant market stress
Familiarity with quantitative risk measurement methodologies, e.g. VaR
Experience coding and building prototype risk models and reports using Python, R, SQL, or similar tools, or overseeing such efforts
Ability to explain complex quantitative risk concepts clearly to senior executives and non-specialists
Demonstrated leadership and influence, identify risks, develop solutions, align cross-functional teams, and drive complex initiatives through completion
Ability to balance business needs with risk considerations, provide independent challenge, and clearly articulate issues to senior stakeholders and oversight committees
Deep understanding of FX markets, trading strategies, risk measurement methodologies, and the regulatory environment applicable to a US banking organization with a global client base
Strong relationship-building, negotiation, and team development skills, with the ability to build trusted partnerships, navigate competing priorities, and develop risk professionals

Nice To Haves

Experience with BI tools, such as Qlik, Spotfire, or Sisense, is beneficial

Responsibilities

Provide independent risk oversight of the FX trading desk and associated functions
Establish, maintain, and evolve quantitative techniques and risk methodologies to measure market and volatility risk
Build and maintain a team of risk professionals capable of operating independently from the business in analysis and data gathering, and establish the team as a center of excellence for risk analytics
Assess the impact of major market events, including currency shocks, central bank actions, geopolitical events, and changes in market liquidity
Oversee the preparation of risk reporting and analysis, including ad hoc analysis, and ensure its appropriateness for executive oversight bodies
Provide technical expertise to develop increasingly efficient approaches to daily risk oversight for BBH’s FX business
Serve as a senior point of contact between the FX department and Treasury, Credit Risk, Operations, Compliance, Internal Audit, and Model Risk
Establish, maintain, and enhance P&L analytical tools
Help determine appropriate actions to resolve risk events, such as market exposures, arising within FX or other areas of BBH’s Markets division
Assess risks associated with new FX products and services