Forex Operations Head

  • Makati City, Metro Manila, Philippines
  • Full-Time
  • On-Site

Job Description:

Key Responsibilities

P&L Ownership & Forex Business Strategy

  • Revenue & Profitability: Own overall P&L, transaction volume, revenue, and gross margin targets for the Forex division across retail, corporate (B2B), digital, and institutional partner channels.
  • Commercial Growth: Formulate and execute multi-channel growth strategies, market expansion plans, annual budgets, and divisional KPIs aligned with enterprise growth objectives.
  • Market Expansion: Identify new foreign exchange distribution models, currency sourcing channels, and customer solution offerings.

Trading Operations & Market Risk Management

  • Trading Oversight: Lead overall buying and selling desk operations across retail and B2B segments, supervising trading performance, currency exposure, spreads, and net returns.
  • Strategy Execution: Formulate and execute trading strategies aligned with macroeconomic trends, liquidity requirements, profitability targets, and approved risk appetite limits.
  • Technical Market Analysis: Monitor global foreign exchange markets, economic indicators, and geopolitical developments; evaluate technical analysis and currency position recommendations from trading desks.
  • Risk & Controls: Monitor trading limits, position exposures, and counterparty risks to optimize returns while safeguarding organizational capital.

Partnership Management & Regulatory Governance

  • Institutional Partnerships: Lead high-level negotiations, accreditation, and onboarding for local and international ForEx partners, correspondent financial institutions, and currency suppliers.
  • Regulatory Compliance: Ensure strict compliance with BSP regulations governing non-bank financial institutions and retail foreign exchange (Manual of Regulations for Non-Bank Financial Institutions / MFCA), as well as AMLA/KYC regulations.
  • Executive Leadership: Direct retail and B2B ForEx managers, finalize operational budgets, and represent the division in board reviews, regulatory audits, and strategic industry forums.

Requirements

Education & Experience

  • Education: Bachelor's degree in Business Administration, Finance, Economics, or a related discipline. Postgraduate degree (MBA/MS) or relevant professional financial certifications preferred.
  • Tenure: Minimum of 10+ years of professional experience in ForEx trading, treasury operations, or capital markets, with at least 5+ years in a senior managerial capacity.
  • Track Record: Proven success driving P&L performance, establishing trading strategies, managing financial risk, and building institutional partnership networks within financial services.

Domain & Technical Competencies

  • Regulatory Frameworks: Deep working knowledge of BSP regulations for retail FX and money changing, alongside strict AMLA compliance and KYC requirements.
  • Financial Markets: Expert understanding of global financial markets, foreign economies, currency trading mechanics, technical analysis, and market risk management.
  • Negotiation & Leadership: Outstanding leadership, strategic planning, partner negotiation, and cross-functional communication skills.