Investment Portfolio Sr. Manager
About The Position
The Investment Portfolio Sr Manager - FX Hedging is responsible for designing, executing, and enhancing CFG’s enterprise‑wide Foreign Exchange (FX) risk management framework. This role leads analytical and execution responsibilities across FX exposures arising from international operations, foreign‑currency cash flows, balance‑sheet positions, and subsidiaries. The VP partners closely with Treasury, Risk, Controllers, and business line leaders to deliver a robust hedging program that protects Net Interest Income (NII), Economic Value of Equity (EVE), earnings volatility, and liquidity from FX‑driven impacts. This position is ideal for a seasoned market practitioner with deep FX expertise, strong analytics, and proven experience building or managing FX hedging programs at scale.
Requirements
- 3+ years of experience in FX risk management, FX trading, corporate treasury, or a related FICC market role at a bank, large corporate, asset manager, or consulting firm.
- Expert understanding of FX instruments: forwards, NDFs, swaps, options, and cross‑currency products.
- Strong knowledge of FX exposure measurement, hedge accounting principles, risk frameworks, and market/valuation concepts.
- Proven experience executing FX hedging programs or supporting enterprise hedging.
- Exceptional analytical skills with proficiency in Excel, Bloomberg, and (ideally) Python, SQL, or R.
- Bachelor’s degree in Finance, Economics, Math, Engineering, or related quantitative field.
Nice To Haves
- Advanced degree (MS, MBA) and/or professional designation (CFA, FRM).
- Prior exposure to international subsidiary hedging, NDF markets, and emerging‑market FX.
- Familiarity with liquidity management, interest‑rate hedging, and balance sheet strategy.
Responsibilities
- FX Exposure Identification, Reporting & Hedging Strategy Development
- Identify, quantify, and monitor CFG’s FX exposures across transaction, translation, remeasurement, economic, and subsidiary‑level risk.
- Develop, optimize hedging mix, and maintain hedging strategies using spot, forwards, non‑deliverable forwards (NDFs), options, cross‑currency swaps, and other permitted instruments.
- Produce hedge recommendation memos and present analysis to ALCO, senior Treasury leadership, and Risk teams.
- Develop and maintain analytics for exposure quantification, VaR, scenario analysis, sensitivity measures, and stress tests.
- Ensure robust risk reporting to ALCO, Controllers, Treasury Operations, Finance Risk, and Investor Relations.
- Trade Execution & Portfolio Management
- Execute and manage FX hedges in line with approved authorities, risk tolerances, compliance requirements, and governance protocols.
- Partner with trading counterparts, liquidity managers, and external banking relationships to ensure competitive pricing and operational accuracy.
- Accounting, Controls & Governance
- Maintain documentation required for hedge designation, prospective/retrospective effectiveness testing, and audit/regulatory review.
- Support regulatory interactions (FRBB, OCC) regarding FX hedging activity, MIS, governance, and policy adherence.
- Strategic Leadership & Cross‑Functional Partnership
- Lead enhancements to CFG’s enterprise‑wide FX hedging program and support the build‑out of scalable FX infrastructure, analytics, and data automation.
- Provide thought leadership on macroeconomic FX trends, central bank policy impacts, and market structure developments.
- Mentor junior analysts and contribute to broader Treasury Investments strategy, including MSR, Interest Rate Risk, and Investment Portfolio initiatives.
Benefits
- We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more.
- Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
