Foreign Exchange Analyst
Role Overview
The Foreign Exchange Trading Advisor is responsible for ongoing development First Horizon's foreign exchange product execution and development to increase efficiency, company-wide usage, and revenue. The person in this position will be responsible for trading (or coverage of trading) and for ongoing development and implementation of operational best practices for servicing foreign exchange products. The Advisor will generate or coordinate publication of periodic commentary pieces on the foreign exchange market, as well as addressing ad-hoc, internal, and external audiences on foreign exchange and the company’s products. The Foreign Exchange Trading Advisor assists with the development of processes and systems to address client needs and manage risks and manages day-to-day foreign exchange trading activities.
Full Job Posting
Summary
The Foreign Exchange Trading Advisor is responsible for ongoing development First Horizon's foreign exchange product execution and development to increase efficiency, company-wide usage, and revenue. The person in this position will be responsible for trading (or coverage of trading) and for ongoing development and implementation of operational best practices for servicing foreign exchange products. The Advisor will generate or coordinate publication of periodic commentary pieces on the foreign exchange market, as well as addressing ad-hoc, internal, and external audiences on foreign exchange and the company’s products. The Foreign Exchange Trading Advisor assists with the development of processes and systems to address client needs and manage risks and manages day-to-day foreign exchange trading activities.
Duties and Responsibilities
- Executes or manages coverage of daily trading and settlement for foreign exchange transactions and products like Foreign Currency Accounts.
- Monitors documentation and reporting of trades in accordance with regulations, policies and procedures.
- Provides periodic FX commentary for internal and external distribution.
- Creates ad-hoc FX commentary and/or indication pricing for specific customer scenarios.
- Coordinates with FX System vendor, liquidity providers and internal partners for implementation and ongoing improvements to Foreign Exchange system for back office and customer front end.
- Coordinates FX-specific team compliance training with department Compliance Officer.
Requirements:
- At least four years of experience in Trade Finance/FX-related products
- Strong analytical and financial modeling skills
- Initiative, integrity, reliability and ability to meet deadlines
- Demonstrates a client-focused work ethic
- Highly effective and cooperative team player
- Has understanding of accounting principles key to foreign exchange risk management
- Excellent oral and written communication as well as interpersonal and organizational skills
- Bachelor’s degree with MBA or MA in Accounting and/or CFA preferred
- The ideal candidate
- Excels at listening for customer needs and providing solutions
- Has experience in analyzing/reporting on international market events and their impact on foreign exchange
- Acts as a trusted advisor to internal and external partners
- Has knowledge of foreign exchange and related trade finance products used by all levels of clients
- Develops and documents counterparty relationships, trading procedures and risk analyses
- Is proficient with systems used to trade and manage foreign exchange
- Maintains an awareness of regulations and accounting standards governing foreign exchange
- About Us First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
- Benefit Highlights • Medical with wellness incentives, dental, and vision • HSA with company match • Maternity and parental leave • Tuition reimbursement • Mentor program • 401(k) with 6% match • More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits
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Preferred Qualifications
- Bachelor’s degree with MBA or MA in Accounting and/or CFA preferred
About First Horizon Bank
Tennessee commercial bank serving consumers, businesses, institutions, and wealth-management clients across the southern United States.
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