Head of Foreign Exchange

About the Role

The ForEx Division Head will lead the overall Forex business, driving transaction volume, revenue, profitability, competitive pricing, currency sourcing, distribution channels, and customer solutions.

You will oversee Forex trading operations, manage market and currency exposure, build strategic partnerships, and ensure compliance with regulatory and internal controls.

Key Responsibilities

• Develop and execute the Forex business strategy aligned with company growth objectives.
• Own Forex revenue, transaction volume, gross margin, and profitability targets.
• Identify growth opportunities across retail, corporate, digital, and partnership channels.
• Lead Forex buying and selling desk activities and overall trading operations.
• Formulate trading strategies based on market trends, liquidity requirements, profitability objectives, and approved risk appetite.
• Monitor global FX markets, economic indicators, geopolitical developments, and financial trends.
• Oversee currency positions, trading exposure, spreads, and profitability.
• Review and approve significant trading activities and strategic currency positions within authorized limits.
• Ensure compliance with trading policies, regulatory requirements, and internal controls.
• Build and manage relationships with local and international Forex partners, correspondent entities, and financial institutions.
• Lead negotiations involving trading arrangements, pricing, transaction terms, and business opportunities.
• Coordinate with AML, Compliance, Legal, Treasury, and other support teams.
• Lead the division's plans, programs, budgets, operational targets, and performance metrics.
• Represent the division in management meetings, audits, regulatory reviews, and partner engagements.
• Lead and develop the Forex Trading Division, including performance management and career development.

Must-Have Qualifications

• Bachelor's degree in any four-year course; preferably Business Administration, Finance, Economics, or a related field .
• At least 10 years of experience in Forex Trading, Treasury Operations, or Financial Markets .
• At least 5 years of managerial experience .
• Proven experience translating business strategy into operational programs and measurable results.
• Strong working knowledge of Forex trading and global financial markets.
• Knowledge of BSP regulations governing retail foreign currency exchange and money changing, including relevant regulations for non-bank financial institutions.
• Familiarity with AMLA compliance and KYC documentation standards for Forex transactions.
• Experience managing trading performance, exposure, currency positions, spreads, and profitability.
• Experience managing relationships with financial institutions and/or Forex partners.
• Strong P&L, strategic leadership, negotiation, relationship management, and people-management capabilities.
• Fluent in Filipino and English .
• Willing to work 100% office-based .