At a Glance
- Tasks: Support FX trading teams and manage daily queries while ensuring compliance with FX governance.
- Company: Join a global investment bank with a strong presence in Global Markets.
- Benefits: Enjoy hybrid working with 3 days on-site and exposure to senior trading initiatives.
- Why this job: Gain valuable experience in a dynamic environment and interact with top industry professionals.
- Qualifications: French fluency is essential; experience in front office or related divisions is preferred.
- Other info: Open to diverse profiles, including audit and risk backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
A global investment bank is currently recruiting for a Business Manager within Global Markets on a permanent basis.
The role is based in Liverpool Street and includes hybrid working with 3 days on site required per week.
Joining be joining the FX BM team based in London and reporting to the Global FX COO, you would benefit from a strong exposure to Global Markets commercial and trading initiatives and involves interacting with senior Trading and COO members.
You would also be responsible for supporting the FX business line Heads of desks and FX trading teams, facilitating business activity, acting as a contact point for queries relating to support and control from the business group as well as controlling and supervising the activity of the group.
They are quite open to the types or profile they will consider and would welcome applications from other divisions such as audit, risk or even middle office. Ideally they want someone who has worked in or close to front office. French Speaking to a professional level is essential.
Key Responsibilities
- Manage day-to-day queries from various Businesses and Functions
- Participate and maintain proper FX Governance, to lead commercial initiatives and to complete transversal projects
- Help manage and conduct ongoing controls such as the FX Remediation Plan.
- Act as backup of the FX Business Manager in attendance of FX Governance meetings and committees, if needed.
- Perform daily FX P&L production and related commercial analyses for the Forex Management
- Collect P&L data for the day, challenge the data sources and chase inconsistencies, and produce the official Front Office Global P&L on Forex.
- Perform ad hoc analysis on results, commercial margins, etc. through Business Objects and existing reports.
- Respond to enquiries of GMD Permanent Control, RPC Permanent Control and Audit
- Conduct investigations on trades with negative mark-ups in collaboration with GMD Permanent Control team.
- Conduct investigations and checks following up on Audit open recommendations.
- Help in reviewing, updating, maintaining and implementing Policies and Procedures of Global FX
- Ensure the FX rules and procedures are in line with new recommendations under FCA Remediation Programme, and new FX markets best practices.
- Challenge the existing practices and help the FX Business Manager apply remediation actions to comply with the intent of FX Policies & Procedures.
- Help circulate the new regulatory culture in Foreign Exchange to FX staff.
If you have the right skills and experience for this role, APPLY NOW and we’ll be in touch.
Business Manager - FX employer: Reed Talent Solutions
Contact Detail:
Reed Talent Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Manager - FX
✨Tip Number 1
Familiarize yourself with the FX market and its key players. Understanding the dynamics of foreign exchange trading will help you engage more effectively with senior Trading and COO members during interviews.
✨Tip Number 2
Brush up on your French language skills, as professional-level proficiency is essential for this role. Consider practicing with a native speaker or using language apps to enhance your fluency.
✨Tip Number 3
Network with professionals in the FX space, especially those who have experience in business management or related fields. Attend industry events or join relevant online forums to make valuable connections.
✨Tip Number 4
Research the latest regulations and best practices in FX governance. Being knowledgeable about the FCA Remediation Programme and other compliance measures will demonstrate your commitment to the role.
We think you need these skills to ace Business Manager - FX
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description and understand the key responsibilities and requirements. Highlight your relevant experience in business management, FX trading, or related fields in your application.
Tailor Your CV: Customize your CV to reflect your experience with FX markets, governance, and commercial initiatives. Emphasize any previous roles that involved interaction with senior trading teams or managing queries from various business functions.
Highlight Language Skills: Since French speaking is essential for this role, make sure to clearly state your language proficiency in your CV and cover letter. Provide examples of how you have used your language skills in a professional context.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are a great fit for the Business Manager position. Discuss your understanding of FX governance and your ability to manage day-to-day queries effectively. Mention your enthusiasm for contributing to the FX team and supporting the business line heads.
How to prepare for a job interview at Reed Talent Solutions
✨Understand the FX Market
Make sure you have a solid grasp of the foreign exchange market and its dynamics. Be prepared to discuss recent trends, challenges, and opportunities in FX trading, as this will demonstrate your knowledge and interest in the field.
✨Showcase Your Analytical Skills
Since the role involves performing P&L analyses and commercial evaluations, be ready to provide examples of how you've used data analysis in previous roles. Highlight any experience with tools like Business Objects or similar reporting software.
✨Prepare for Behavioral Questions
Expect questions that assess your ability to manage day-to-day queries and interact with senior stakeholders. Use the STAR method (Situation, Task, Action, Result) to structure your responses and showcase your problem-solving skills.
✨Demonstrate Your Language Proficiency
As French speaking is essential for this role, be prepared to demonstrate your language skills during the interview. You might be asked to converse in French or discuss your experience working in bilingual environments.