We're Hiring: Senior FX Specialist
Location: United Arab Emirates (Remote)
Employment Type: Full-Time
Experience Level: Senior
Work Arrangement: Fully Remote
About UsWe are a globally focused organization operating across multiple markets, currencies, entities, and financial environments. Our Finance and Treasury teams collaborate across Accounting, FP&A, Tax, Banking, Commercial, Procurement, Operations, Risk, and senior leadership to manage foreign-exchange exposure, protect financial performance, and maintain effective treasury controls.
Our foreign-exchange function supports currency-risk identification, exposure measurement, hedging, execution, settlement, reporting, forecasting, and continuous improvement across the organization's international operations.
The RoleWe are seeking an experienced Senior FX Specialist to lead foreign-exchange analysis, exposure management, hedging activities, FX execution, settlement, reporting, controls, and treasury support across multiple currencies and entities.
The ideal candidate will maintain accurate visibility of foreign-currency exposures, assess market and financial risks, support appropriate hedging strategies, coordinate FX transactions with banking partners, monitor hedge effectiveness, and provide management with timely analysis of currency movements and their potential financial impact.
Key Responsibilities
- * Manage day-to-day foreign-exchange activities across multiple entities, currencies, accounts, and jurisdictions.
- Identify and monitor foreign-currency exposures arising from operating, investing, financing, and intercompany activities.
- Maintain comprehensive FX exposure registers covering forecast and committed currency flows.
- Analyze transaction, translation, and economic FX exposures.
- Monitor foreign-currency receivables, payables, cash balances, loans, investments, and other monetary items.
- Coordinate with Accounting, FP&A, Treasury, Commercial, Procurement, Accounts Receivable, and Accounts Payable to identify currency exposures.
- Develop and maintain FX exposure forecasts using operational and financial data.
- Analyze historical FX movements and forecast currency requirements.
- Monitor forecast-to-actual FX exposure variances and improve forecasting methodologies.
- Prepare daily, weekly, monthly, and periodic FX exposure reports.
- Monitor foreign-currency cash balances and identify potential funding or conversion requirements.
- Analyze currency mismatches between expected inflows and outflows.
- Identify opportunities for natural hedging through matching currency inflows and outflows.
- Support development and implementation of FX risk-management strategies.
- Evaluate appropriate hedging instruments based on exposure characteristics, policy requirements, market conditions, and risk objectives.
- Support execution of FX spot, forward, swap, and other approved foreign-exchange transactions.
- Coordinate FX transaction execution with approved banking and financial counterparties.
- Obtain and compare FX pricing from banking counterparties where appropriate.
- Monitor FX transaction pricing, spreads, execution quality, and transaction costs.
- Ensure FX transactions comply with treasury policies, delegated authorities, limits, and approval requirements.
- Maintain accurate records of executed FX transactions, counterparties, rates, maturities, and settlement details.
- Coordinate confirmation and settlement of FX transactions with banks and internal teams.
- Investigate failed, delayed, rejected, or incorrectly settled FX transactions.
- Monitor FX settlement dates and ensure sufficient funding is available in relevant currencies.
- Coordinate foreign-currency cash transfers required for settlement.
- Reconcile FX transactions to bank statements, treasury systems, and general ledger records.
- Investigate differences between treasury transaction records, bank confirmations, and accounting entries.
- Coordinate with Accounting on FX-related journals, realized gains and losses, unrealized revaluations, and settlement entries.
- Review foreign-currency monetary balances and support period-end FX revaluation processes.
- Analyze realized and unrealized FX gains and losses.
- Investigate significant FX variances and identify underlying drivers.
- Support month-end, quarter-end, and year-end financial close activities relating to FX.
- Prepare FX schedules, reconciliations, valuation reports, and supporting documentation.
- Support accounting for FX derivatives and hedging transactions where applicable.
- Coordinate with Accounting and external advisors on hedge accounting requirements.
- Maintain documentation supporting hedge relationships, instruments, exposures, and effectiveness assessments.
- Monitor hedge performance and analyze hedge effectiveness where applicable.
- Prepare hedge-effectiveness analysis and supporting reports.
- Identify hedge ineffectiveness and investigate underlying causes.
- Monitor hedge maturity profiles and upcoming transaction requirements.
- Coordinate hedge rollovers, settlements, and replacement transactions where approved.
- Maintain FX hedge registers and maturity schedules.
- Monitor counterparty exposures arising from FX transactions.
- Track counterparty limits, approved banks, credit limits, and transaction authorities.
- Escalate potential counterparty-limit breaches or policy exceptions.
- Monitor FX market conditions, exchange-rate movements, volatility, interest-rate differentials, and relevant macroeconomic developments.
- Prepare market commentary and analysis for Treasury and senior management.
- Assess the potential impact of significant currency movements on financial results and liquidity.
- Conduct FX sensitivity and scenario analysis.
- Model the impact of exchange-rate changes on revenue, costs, margins, cash flows, balance sheets, and profitability.
- Support budgeting and forecasting processes by providing FX assumptions and currency analysis.
- Collaborate with FP&A on foreign-exchange assumptions used in budgets, forecasts, and business plans.
- Support commercial teams with FX analysis for international pricing, contracts, tenders, and customer or supplier arrangements.
- Analyze currency exposure associated with major contracts, projects, procurement commitments, and international sales.
- Support evaluation of contract currency, pricing, payment terms, and natural-hedging opportunities.
Key Performance Indicators
- * FX exposure reporting accuracy
- FX exposure forecast accuracy
- Forecast-to-actual FX variance
- FX exposure identification completeness
- Foreign-currency balance visibility
- Natural-hedging utilization
- Hedging coverage ratio
- Hedge execution timeliness
- Hedge effectiveness
- Hedge ineffectiveness rate
- FX transaction accuracy
- FX transaction execution timeliness
- FX pricing competitiveness
- FX transaction cost
- FX settlement accuracy
- FX settlement timeliness
- Failed FX transaction rate
- FX confirmation completion
- FX reconciliation accuracy
- FX reconciliation timeliness
- FX valuation accuracy
- FX revaluation accuracy
- Realized FX gain or loss accuracy
- Unrealized FX gain or loss accuracy
- FX accounting-entry accuracy
- Hedge-accounting documentation completeness
- Hedge-accounting compliance
- Hedge maturity monitoring accuracy
- Counterparty-limit compliance
- Counterparty exposure monitoring
- FX policy compliance
- FX approval compliance
- FX control effectiveness
- FX risk reporting timeliness
- FX dashboard accuracy
- FX sensitivity-analysis completion
- FX scenario-analysis completion
- Market-data accuracy
- FX rate-source compliance
- Treasury system data accuracy
- FX automation coverage
- Manual FX-process effort reduction
- Audit issue resolution
- Auditor query response time
- Management reporting timeliness
- FX data-quality performance
- Process improvement completion
- Stakeholder satisfaction
- Training completion
Ideal CandidateThe successful candidate should have strong experience in foreign exchange, treasury, FX risk management, financial markets, corporate treasury, banking, or financial risk, preferably within a multinational organization with significant cross-border transactions and multi-currency operations.
The candidate should demonstrate:
- Proven experience managing foreign-exchange exposure and treasury activities.
- Strong understanding of transaction, translation, and economic FX risk.
- Experience forecasting and measuring foreign-currency exposures.
- Strong understanding of FX spot, forward, swap, and other approved hedging instruments.
- Experience supporting or executing FX hedging strategies.
- Strong knowledge of FX settlement, confirmations, reconciliations, and transaction controls.
- Experience working with multiple currencies, bank accounts, entities, and jurisdictions.
- Strong understanding of natural hedging and currency-matching techniques.
- Experience analyzing realized and unrealized FX gains and losses.
- Strong understanding of foreign-currency revaluation and accounting processes.
- Experience supporting hedge accounting and hedge-effectiveness analysis is highly desirable.
- Strong financial modeling, quantitative analysis, and scenario-analysis skills.
- Experience preparing FX exposure reports, hedge registers, and treasury dashboards.
- Strong understanding of counterparty risk, trading limits, and treasury controls.
- Experience working with banks, brokers, financial institutions, and treasury counterparties.
