FX Risk Manager

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.Some of your key responsibilities include: Risk Management & GovernanceProvide independent risk oversight of the FX trading desk and associated functionsEstablish, maintain, and evolve quantitative techniques and risk methodologies to measure market and volatility riskBuild 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 analyticsAssess the impact of major market events, including currency shocks, central bank actions, geopolitical events, and changes in market liquidityOversee the preparation of risk reporting and analysis, including ad hoc analysis, and ensure its appropriateness for executive oversight bodiesProvide technical expertise to develop increasingly efficient approaches to daily risk oversight for BBH’s FX businessServe as a senior point of contact between the FX department and Treasury, Credit Risk, Operations, Compliance, Internal Audit, and Model RiskEstablish, maintain, and enhance P&L analytical toolsHelp determine appropriate actions to resolve risk events, such as market exposures, arising within FX or other areas of BBH’s Markets divisionAssess risks associated with new FX products and servicesQualifications:Bachelor's degree in finance, economics, mathematics, or a related quantitative discipline; advanced degree or professional qualification desirable10–15+ years of relevant experience in financial markets, market risk, trading, quantitative risk, or a closely related disciplineExperience in a front office risk or control function within the financial services industryKnowledge and Skills (general and technical)     Prior experience as an FX risk manager, FX trader, quantitative analyst, or senior market risk professionalExperience managing risk during periods of significant market stressFamiliarity with quantitative risk measurement methodologies, e.g. VaRExperience coding and building prototype risk models and reports using Python, R, SQL, or similar tools, or overseeing such effortsAbility to explain complex quantitative risk concepts clearly to senior executives and non-specialistsDemonstrated leadership and influence, identify risks, develop solutions, align cross-functional teams, and drive complex initiatives through completionAbility to balance business needs with risk considerations, provide independent challenge, and clearly articulate issues to senior stakeholders and oversight committeesDeep understanding of FX markets, trading strategies, risk measurement methodologies, and the regulatory environment applicable to a US banking organization with a global client baseExperience with BI tools, such as Qlik, Spotfire, or Sisense, is beneficialStrong relationship-building, negotiation, and team development skills, with the ability to build trusted partnerships, navigate competing priorities, and develop risk professionalsSalary RangeNY: $130,000 - $180,000 base salary + annual bonus targetBBH and its affiliates' compensation program includes base salary, discretionary bonuses, and profit-sharing. The anticipated base salary range(s) shown above are only for the indicated location(s) and may differ in other locations due to cost of living and labor considerations. Base salaries may vary based on factors such as skill, experience and qualification for the role. BBH's total rewards package recognizes your contributions with more than just a paycheck—providing you with benefits that enhance your experience at BBH from long-term savings, healthcare, and income protection to professional development opportunities and time off, our programs support your overall well-being. We value diverse experiences. We value diverse experiences and transferrable skillsets. If your career hasn’t followed a traditional path, includes alternative experiences, or doesn’t meet every qualification or skill listed in the job description, please do go ahead and apply.About BBH:Brown Brothers Harriman (BBH) is a premier global financial services firm, known for premium service, specialist expertise, technology solutions and partnership approach to client management. Across Investor Services and Capital Partners, we work with an enviable roster of sophisticated clients who make BBH their first call when they are tackling their hardest challenges. Delivering for our clients and each other energizes us.We believe that how we do our work is just as important as what we do. We are relentless problem solvers who know our best ideas come from collective debate and development—so we are never possessive about our ideas. Every day we come together as a diverse community of smart and caring people to deliver exceptional service and expert advice—creating success that lasts. No matter where you sit in the organization, everyone is empowered to contribute their ideas. BBHers can pick up the phone and call any colleague, and they are happy to help. Expanding your impact beyond your daily role is part of how we operate as trusted partners to one another. We believe stability is a competitive advantage, but being stable means having the knowledge, skill, and discipline to evolve, often—pushing the boundaries of innovation.  As a private partnership, every investment we make is in the relationships, technologies, products and development we believe are in the long-term interests of our clients and our people. Our long-tenured leaders are experts in their areas and are actively involved in the day-to day business, taking the time to provide guidance and mentoring to build the next generation of BBHers. Because we know, our success begins with yours.Go to BBH.com to learn more about our rewards and benefits, philanthropy, approach to sustainability or how we support you to thrive personally, physically and financially.We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, age, genetic information, creed, marital status, sexual orientation, gender identity, disability status, protected veteran status, or any other protected status under federal, state or local law.SummaryLocation: New YorkType: Full time