FXMO Associate

Assure Hedge is an innovative, award-winning, and dual-regulated FX hedging technology company. We are a fast-growing business with offices in Dublin, London and Portugal that has undergone a big change over the last year on the back of a large funding round. We build technology to simplify hedging, specialising in providing a full suite of products that are distributed through our partner channels to SME’s.

Our mission is to use technology to bring essential financial risk management products that everyday businesses need, in a way that’s easy for them to understand.

The FX Middle Office (MO) Associate works within Assure Hedge’s Operations department and will manage day-to-day tasks for all post-execution trade-related activity. The primary responsibility of the FX MO Associate is to manage the lifecycle of each trade and ensure that both Assure Hedge’s internal and external stakeholders have their needs seamlessly met. Specifically, the FX MO Associate will act as the escalation point for all BAU activities within Assure Hedge’s Operations department and from Assure Hedge’s external client base. The range of tasks also includes overseeing confirmations, payments & liquidity management, as well as transaction reporting and providing exceptional levels of client service.

• Primarily, the FX MO Associate will manage the trade lifecycle and trade risk. They will be responsible for middle office tasks such as trade capture, trade amendments, SWAPs, drawdowns and rolls. Furthermore, they will also oversee operational tasks such as transaction reporting, confirmations and settlements & liquidity management
• Primary escalation point for all operational queries
• Engage in cross departmental meetings, taking ownership of required actions to implement and improve controls and operational processes
• Create and optimise processes – efficiency is our priority; you will help us find the most efficient way to run operations and in a controlled manner
• Develop and execute strategies/initiatives to increase our operational efficiency and solve operational challenges. This will include establishing and maintaining relationships with relevant internal stakeholders
• Own and manage relationships with external stakeholders, exhibiting high levels of client service
• Contribute to the digitalization of reporting capabilities, automation and transformation
• Engage in staff training and development

Essential

• Product knowledge for FX, FX Options, FX Hedging and OTC Derivatives.
• Knowledge of processes such as payment drafting, payment approvals, payment controls, hedging, general settlements, trade capture, confirmations and reconciliations
• Strong Operational process knowledge
• Experience of delivering change and automation in Operations processes, working closely with Tech and Change teams to deliver improvements to streamline Operational efficiency
• Knowledge of CASS rules and experience in managing client money
• A structured and considered mindset and approach to your daily role
• Experience of being a single point of contact / SME for incoming queries

Desirable

• Previous experience within a senior or leadership Back Office / Middle Office or Treasury Operations role, working with various stakeholders including Sales, Traders, Finance, RMs and Clients
• Extensive experience dealing with payments and currency transfers locally and internationally
• A technical background and strong system exposure
• Coding / VBA / advanced Excel skills
• Regulatory reporting experience

• JIRA / Confluence
• Range of FX / FXO trade execution or trade capture platforms
• Range of Treasury Management platforms