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Monex USA

Head of Market Risk

Monex USA, Washington, District Of Columbia, United States, 20001

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Head Of Market Risk

Location: Washington, D.C.; hybrid after 90 days Status: Full-time; Exempt Reports to: Head of Risk Typical Work Hours: 8:30 a.m. to 5:00 p.m. Monday to Friday; hybrid after 90 days The Head of Market Risk will be responsible for leading the market risk function in overseeing and managing all aspects of market risk exposure within the FX brokerage business. The role ensures that trading, hedging, and client-facing operations are conducted within approved risk frameworks, and that risks arising from FX volatility, liquidity mismatches, capital volatility and FX hedging programs are effectively measured and controlled. Responsibilities

Monitor Exposure To FX Risk Across All Trading Desks, Client Books, And Liquidity Providers. Develop And Enforce Limits For FX Exposure, Leverage, And Position Concentrations. Oversee Real-time Risk Monitoring And Intraday Reporting, Especially During High-volatility Periods. Conduct Daily Dashboard And Committee Reporting. Design And Implement The Market Risk Framework, Policies, And Methodologies Tailored For MNI. Oversee The Calculation And Analysis Of Value-At-Risk (VaR), Stress Testing, P&L Attribution, And Other Key Risk Metrics. Execute Limits To Manage Liquidity Risk. Ensure Full Compliance With Local And International Regulations (e.g., MiFID II, ESMA, ASIC, FCA Guidelines). Measure And Apply Limits For Capital Risk. Develop Risk-Adjusted Return Models. Oversee The Implementation And Maintenance Of Market Risk Systems (e.g., Fenics, Murex). Build And Lead A High-performing Risk Team. Mentor Junior Analysts And Managers. Collaborate With Vancouver Software Developers. Qualifications

Bachelor's Or Master's Degree In Finance, Economics, Mathematics, Or A Related Field. 10+ Years Of Experience In Market Risk, Preferably Within The FX Brokerage Sector. Deep Understanding Of FX Products, Including Spot, Forwards, Options, And Margin Trading. Experience With Regulatory Frameworks Applicable To FX Brokers. First-class Modelling Skills. Familiarity With Trading Platforms. Strong Written And Verbal Communication Skills. Desired Skills And Experience:

Proficiency In Excel, Python, SQL, Or Other Risk Analytics Tools Is A Strong Plus. Strategic And Commercial Mindset With Deep Risk Expertise. Strong Decision-making Ability, Particularly Under Pressure. Excellent Stakeholder Management And Communication Skills. High Integrity And A Strong Commitment To Regulatory Compliance. Analytical Thinker With A Proactive, Solution-oriented Approach. Certifications In FRM (Financial Risk Manager), CFA (Chartered Financial Analyst), Or Any Relevant Regulatory Certifications (e.g., CySEC Advanced, FCA SMF Function Experience). Compensation

The Annual Salary Range Is $150,000 To $170,000 Based On Experience With A 10% Annual Bonus. Travel

This Role Requires About 10-20% Travel Including Trips To London, Toronto, Madrid And Vancouver Each Year. Benefits

Medical Insurance Dental Insurance Vision Insurance Long Term Disability Short Term Disability AD&D Insurance Commuter Benefits 401K & Roth 16 Days Of PTO Pet Insurance Monex USA Inc. Is An Equal Opportunity Employer. Diversity Is Valued And The Company Will Not Tolerate Any Form Of Discrimination Or Harassment.