Trading Risk Manager
Auckland, Auckland, New Zealand
6d ago


At Xe, we live currencies. We share the belief that behind every currency exchange, query or transaction is a person or business trying to accomplish something important, so we work together to develop new and better currency services that put our customers first.

Xe was one of the first businesses built on the internet, having begun its life in Canada in 1993 as Xenon Laboratories.

Our Universal Currency converter was launched in 1995 and it has grown into one of the most popular currency sites in the world, with over 280 million users worldwide.

In 2015, Xe was purchased by Euronet Worldwide, Inc. (Nasdaq : EEFT), and joined forces with Euronet’s HiFX brand, a leading international money transfer business, to offer Xe’s users’ access to reliable money transfer services as well as currency information under the Xe brand.

Today, our platform is used by thousands of businesses from small-to-medium-sized enterprises, to Fortune 500 companies.

We continue to have ambitious growth plans as we work towards becoming the world’s most used, most loved and most trusted currency exchange service, helping more than a billion people around the world.

We’re proud of what we do and how we do it, but most importantly why we’re here. We empower people to know more and do better.

  • because behind every currency exchange query or transaction is a person trying to accomplish something important.
  • Reporting to Head of TRM - APAC, the Treasury Risk Manager will sit within the Global TRM Team and will be responsible for proactively managing Xe’s currency exposures, both spot and forward with the objective to add additional revenue from Xe’s core revenue business unit’s (TBU’s) fx flows along with the daily nostro positioning and balancing responsibilities.

    You will work closely with the Operations, Corporate and Consumer Dealing Teams to deliver best pricing, timely information, timely cashflow and liquidity.

    As an integral member of the Global TRM team you will also work closely with the UK TRM team and ensure amongst other matters a smooth daily transition when the risk books are past to the UK region.


  • Primary responsibility is to help manage and mitigate XE’s FX market risk in the fast moving and volatile global FX market.
  • Limit any adverse currency exposure moves, as well as look to generate additional revenue from FX flows to achieve the team’s annual revenue target.
  • Fast and accurate shout out price making, to the Consumer and Corporate dealers giving the best price for the currency pair and liquidity when requested.
  • Managing market orders, this will include using scenarios and strategies to add additional revenue around the order book.
  • Use your initiative and discretion with the customer orders for the greater benefit of XE and its customers. This means knowing and understanding key technical levels and market real time price action.
  • Ongoing awareness of macroeconomic events, data releases and general understanding of key trends and economic fundamentals in financial markets.
  • Ability to form your own view on the market and data releases, with the ability to seek out positions as per policies and procedures to enhance revenue outside of the normal XE business flows.

  • Maintain good relationships with counterparty bank personnel.
  • Manage multi-currency cash bank balances (XE’s Nostro accounts) of XE’s multiple physical bank accounts in various geographies on a real time basis ensuring account balances meet anticipated payment flows before market cut off times.
  • Liaise and work closely with Operations to ensure bank account liquidity levels are maintained as and when necessary.
  • Instruct payments between banking counterparties with Operations Team for funding purposes.
  • Bank counterparty collateral monitoring and daily reporting of counterparty collateral positions and provide insight and understanding of those exposures when needed.
  • Enter into funding swaps to reduce counterparty exposure risk for liquidity reason as and when required.
  • Raise any liquidity concerns to manager
  • Escalate customer exceptions where you see or believe or identify there is a risk to XE to the Credit Team
  • Maintain knowledge of DFX customer dealing functions and place customer deal amendments for good value adhering to cut-off times (Swaps / Rollovers)
  • Maintain good working relationships with Operations, Corporate and Consumer Dealing Teams.
  • Maintain knowledge of international payment processing and time zone differences.
  • Maintain knowledge of currency cut-offs in internal and external systems.
  • Adhere to and remain up to date with all Australasian regulatory requirements and XE’s policies and procedures.
  • Bank trade deal ticket input into DFX (internal system), spot, swaps, forwards, ensuring this is completed in a timely and accurate manner, to ensure an up to date risk profile on the risk management tools.
  • Ability to calculate Historical Rate Rollover costs for correct pricing of ITM or OTM customer exposures.
  • Understand and be able to use confirmation matching systems such as Fusion.
  • Communicate with dealing / sales / compliance and back office teams to resolve customer issues when required or asked to assist.
  • Who you are :

  • Strong experience in a FX Dealer / Treasury role with demonstrated experience and competency of quoting, managing and mitigating FX exposures.
  • Track record of achieving revenue targets.
  • Knowledge of FX products such as spot, swaps, options, rollovers and draw downs.
  • Interest in and experience monitoring financial markets.
  • Technical and FX market price action experience.
  • Excellent time-management skills in what is a multi-faceted real time environment where revenue is made or lost due to inaction.
  • Results oriented and ability to prioritise tasks in a fast-paced environment.
  • Ability to handle a stressful work environment and stay on task. Works well under pressure with others.
  • Strong numerical skills.
  • Excellent verbal communication skills, ability to build strong relationships and communicate effectively.
  • System skills (Reuters, Bloomberg, Microsoft Office Packages, DFX, phone systems, internal systems)
  • Takes ownership and uses initiative.
  • High integrity, personal values and work ethics.
  • Benefits

  • Competitive market-based salary;
  • Quarterly commission
  • Contributory KiwiSaver
  • Health Insurance
  • Additional day of annual leave per year of service (capped at 25 days)
  • Discount gym membership
  • Opportunity to be a part of the Euronet Employee Share Purchase Plan (ESPP) and;
  • Flexible working.
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