Manager, FX Trading and Treasury Strategy

Our Purpose

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.

Title and Summary

Manager, FX Trading and Treasury Strategy

Overview:

The Treasury Solutions team at Mastercard is offering an exciting opportunity for high performing candidates. We are hiring for the position of Manager, FX Trading and Strategy based in Purchase, NY. A successful candidate would have subsequent opportunities to gain exposure to other areas within Treasury or the broader finance team.

Mastercard is rapidly expanding its cross-border and cross-currency capabilities across the electronic payments landscape. The Treasury Solutions team is Mastercard’s foreign exchange “think tank” and resident expert on the role of FX in the global financial system, the Mastercard network, and cross-currency/cross-border digital payments. The team acts in a leading role to support various business initiatives across products and functions.

Role:
• Develop new foreign exchange capabilities to support business initiatives involving cross-border payments
• Define FX desk workflows, policies, procedures, and implement a high level of automation
• Execute the company’s foreign exchange risk management program and strategies
• Design and program algorithms to quote FX and manage risk
• Monitor FX trade executions and open positions
• Measure FX risk according to company policy and report exposures to senior management
• Analyze approaches to optimize risk management
• Onboard trading partners
• Identify requirements to trade exotic currencies
• Develop business requirements for FX systems
• Review FX vendor capabilities and assess fit
• Support the testing of FX risk management, quoting, and trading systems
• Communicate relevant news, market events, and FX system behavior to team members
• Analyze market trends (liquidity, spreads, volatility, etc.) for the business
• Evaluate business cases for incremental revenue opportunities related to foreign exchange transactions and support the business with project-based FX analysis
• Contribute to all aspects of the trading desk activities including position reconciliation, risk management tasks and post trade analysis

All About You:

Ideal candidate will be proficient in or possess the following:
• Demonstrated experience in developing new business or service offerings
• Experience in and/or willingness to start a new trading operation including defining front, middle and back office responsibilities and workflows
• FX experience in algorithmic and/or traditional trading in spot, forward, and NDFs
• Experience in designing, programming, and/or managing pricing and risk management algorithms or processes is a plus
• Strong understanding of FX markets in G-7 and G-20 currencies; some experience with exotic currencies is a plus
• Prior experience evaluating trading and risk management systems a plus
• Strong knowledge of corporate finance and capital markets
• Excellent analytical skills
• Strong MS Excel and PowerPoint skills
• Proven track record of prioritizing work and managing multiple projects, in addition to daily workload
• Ability to work independently and manage ambiguity
• Strong oral and written communication skills
• Excellent leadership qualities, including getting work done through others, being organizationally savvy, thought leadership and influencing skills
• Finance, accounting, economics or similar degree; MBA or CFA a plus

Mastercard is a merit-based, inclusive, equal opportunity employer that considers applicants without regard to gender, gender identity, sexual orientation, race, ethnicity, disabled or veteran status, or any other characteristic protected by law. We hire the most qualified candidate for the role. In the US or Canada, if you require accommodations or assistance to complete the online application process or during the recruitment process, please contact [email protected] and identify the type of accommodation or assistance you are requesting. Do not include any medical or health information in this email. The Reasonable Accommodations team will respond to your email promptly.

Corporate Security Responsibility

All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:
• Abide by Mastercard’s security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercard’s guidelines.

In line with Mastercard’s total compensation philosophy and assuming that the job will be performed in the US, the successful candidate will be offered a competitive base salary based on location, experience and other qualifications for the role and may be eligible for an annual bonus or commissions depending on the role. Mastercard benefits for full time (and certain part time) employees generally include: insurance (including medical, prescription drug, dental, vision, disability, life insurance), flexible spending account and health savings account, paid leaves (including 16 weeks new parent leave, up to 20 paid days bereavement leave), 10 annual paid sick days, 10 or more annual paid vacation days based on level, 5 personal days, 10 annual paid U.S. observed holidays, 401k with a best-in-class company match, deferred compensation for eligible roles, fitness reimbursement or on-site fitness facilities, eligibility for tuition reimbursement, gender-inclusive benefits and many more.

Pay Ranges
Purchase, New York: $129,000 - $206,000 USD

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