Job Description
The Manager – FX Management is a key part of the Legal Entity Management team based in our Jersey office, within American Express’ Global Treasury Organisation. Managing a small team of FX Analysts, you will be responsible for the daily processes that manage American Express’ Foreign Exchange Exposure and set FX rates. You’ll play a key role for the global organization by carefully monitoring and managing risk and ensuring we fulfill our commitments to our customers.
Reporting to the Senior Manager FX, you will:
Take responsibility for the global management of FX exposure risk in relation to cross-border cardmember spending:
- Review and approval of the following daily FX exposure management processes, ensuring completion within agreed timelines:
- Forecasting inbound and outbound card member spending for over 26 currencies, using trend analysis data from internal systems and reports.
- Reconciling daily forecasts to actuals from the Exposure Management Platform (EMP), and researching any significant variances.
- Daily Exposure trade instructions for execution by the Treasury FX dealing team in the UK,
- Ensure compliance with all internal controls and FX applicable regulations
- Support enhanced reporting requirements and analysis requests as required
Take responsibility for the daily setting of global FX rates for conversion of cardmember spend using the Rate Selection System (RSS).
- Review and approval for the daily FX rate setting processes and requirements:
- Ensure rates are set in compliance with Customer Terms & Conditions.
- Utilise LSEG Workspace & AXP proprietary systems to source and validate rates.
- Ensure submission of rates to downstream systems on a timely basis.
- Review and approval for the monthly Corporate Standard rate setting process.
- Maintain records in accordance with internal operational controls.
- Support Customer Service teams in relation to any card member/ customer FX rate enquiries.
- Support broader American Express business lines enquiries regarding FX rate setting.
- Support projects involving the ongoing maintenance and development of RSS by American Express Technologies teams.
- Support overall management and control of Jersey Treasury Operations
- Oversee fulfilment of PRSA/RCSA internal operational control processes for FX Exposure Management and Rate Selection processes.
- Cross-train and provide cover for Senior Manager FX, and Funding Manager as required.
- Contribute to any Treasury projects relevant to Jersey managed legal entities.
Please Note: Due to operational constraints, working on Jersey and International Bank Holidays will be required on a rotational basis in return for time off in lieu.
To be successful in the role you will:
- Hold a University degree or equivalent professional qualification or have a commensurate level of experience as a Treasury professional, with a good understanding of Foreign Exchange and FX Exposures.
- Highly numerate and accurate with demonstrable attention to detail is essential.
- Experience in financial controllership or accounting would be an advantage.
- Experience of working as part of a small team is desirable.
- A highly motivated self-starter who can take the lead in identifying and resolving issues and developing solutions
- Experienced in managing and motivating teams
- Proven in your ability to manage multiple priorities effectively and be able to deliver results
- An excellent communicator with strong written and verbal communication skills
- Highly organised with strong analytical skills
- Good overall level of experience with MS Office applications with proven proficiency in Excel; exposure to working with and managing in-house applications would be considered an asset.
- Ability to adapt and embrace changing technology environments.
Employment eligibility to work with American Express in Jersey is required as the company will not pursue visa sponsorship for these positions.
At American Express, our culture is built on a 175-year history of innovation, shared values and Leadership Behaviors, and an unwavering commitment to back our customers, communities, and colleagues. From delivering differentiated products to providing world-class customer service, we operate with a strong risk mindset, ensuring we continue to uphold our brand promise of trust, security, and service.
As part of Team Amex, you’ll experience our powerful backing with comprehensive support for your holistic well-being and many opportunities to learn new skills, develop as a leader, and grow your career. Here, your voice and ideas matter, your work makes an impact, and together, you will help us define the future of American Express.