MoneyGram International
Sr. FX Trader
MoneyGram International, Dallas, Texas, United States, 75215
Description
This position is based in the United States. While this is a remote flexible role it is required to reside in this country.
Who we are:
MoneyGram is a customer-centric, digital-first, cross-border money movement network. Through our strong culture of fintech innovation, we're transforming the way consumers and businesses send and receive money in nearly every country around the world.
Thanks to our cutting-edge platform and strategic partnerships with some of the world's leading brands, we are helping our millions of customers globally do more with their money through a comprehensive suite of digital and in-person products and services.
This is all made possible by our dedicated and diverse team of professionals around the world. If you're ready for a career journey filled with exciting opportunities, come aboard and let's drive the future of payments together at MoneyGram!
The Numbers:
We serve over 50 million people every year in over 200 countries and territories We're a global team of over 2,000 from 36 countries around the world We process over $200 billion annually with digital transactions now making up about 50% of our money transfer business We're known for our strong culture globally, demonstrated by:
"Top Workplaces USA" award winner (three consecutive years in a row!) One of the "Best Places to Work" in the Middle East Winner of many regional awards, such as "Friendly Workplace in Poland" and "Top Workplace in DFW" by The Dallas Morning News
What you will contribute:
As part of the Treasury team at MoneyGram, you will be responsible for daily FX trading and risk management at the Corporate Treasury level. Reporting to the Head of FX, the role includes executing FX contracts to facilitate global funding and exposure reporting. The Senior FX Trader will collaborate with the Pricing team to provide consumer level pricing analysis and support of broader global Treasury efforts. This position serves as a consultant to internal stakeholders, providing FX and banking solutions for pricing-value improvement and new product development. The role will develop and maintain strong relationships with business financial leadership and external banks and FX counterparties. The Sr. FX Trader will be required to understand MoneyGram's businesses and strategies, with a focus on process improvement, Treasury, and Pricing optimization.
What you'll do:
Calculate and validate daily FX exposures based on ERP reporting. Utilize trading and treasury systems to execute spot, forward and swap contracts to meet foreign currency cash requirements and to hedge exposures within the guidelines of the FX Policy. Collaborate with Cash Management and Settlement teams in Dallas, London, Singapore, and Dubai to forecast FX cash balances and facilitate trade settlement. Work with Accounting to verify extraordinary entries subject to FX revaluation. Monitor and enhance daily FX rate processes to ensure rates are accurately updated in critical systems. Explores and engages with market participants to develop insight into trading and pricing improvement opportunities within the wholesale FX markets. Develops in-depth understanding of emerging market currencies. Develops and manages bank and broker relationships to facilitate FX trading. Monitors, funds, and supports partnership activities for global treasury transactions executed on a daily basis. Collaborates with Finance-Pricing teams to provide consumer pricing strategies through FX market insight, wholesale trading, and base rate modifications. What we're looking for:
BA/BS in Finance, Accounting, or Economics 3-5 plus years' experience in finance, treasury, or foreign exchange. Prior experience with a commercial bank FX desk is highly preferred. 3-5 plus years' proven experience effectively working across multiple business lines in a global company or financial institution. Essential Skills: Minimum Required: Meaningful experience with FX trading and risk management on behalf of a commercial bank, brokerage or corporate treasury. Strong desire to explore pricing disparities within FX markets stemming from a consumer, interbank, and regulatory perspective. Approaches trading and settlement activities with a risk management mindset. Proven communication and presentations skills; ability to share and clearly explain business insight, findings, and judgement to senior management. Excellent analytical, organizational skills, and attention to detail. Ability to navigate dynamic environment with changing priorities. Proven experience effectively working with bank processing and currency volatility. Ability to facilitate meetings and negotiate requirements to ensure full disclosure on banking and brokerage partners. Ability to logically present market information and concepts by tailoring approach both verbally and written. Proven ability to mentor staff and collaborate across a global enterprise. System experience with Bloomberg and/or Refinitiv products, multi-counterparty trading platforms, and treasury workstations. Why you will love working here:
Your future is in your hands.
When you start a career at MoneyGram, you join a talented and motivated team that builds the success of a trusted, global provider of innovative money transfer and payment services.
Here are some reasons it is so easy to love your career with us!
Flexible Remote First Flexibility Generous PTO 13 Paid Holidays Medical / Dental / Vision Insurance Life, Disability and other benefits 401K with competitive Employer Match Community Service Days Generous parental leave
Salary:
Anticipated Base Pay: $85-$110k + participation in our annual bonus plan.
Disclaimer:
The salary/pay rate listed is a good faith determination that may be offered to a successful applicant for this position at the time of this job advertisement based on company hiring process and budget for this role and may be modified in the future. Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.
This position is based in the United States. While this is a remote flexible role it is required to reside in this country.
Who we are:
MoneyGram is a customer-centric, digital-first, cross-border money movement network. Through our strong culture of fintech innovation, we're transforming the way consumers and businesses send and receive money in nearly every country around the world.
Thanks to our cutting-edge platform and strategic partnerships with some of the world's leading brands, we are helping our millions of customers globally do more with their money through a comprehensive suite of digital and in-person products and services.
This is all made possible by our dedicated and diverse team of professionals around the world. If you're ready for a career journey filled with exciting opportunities, come aboard and let's drive the future of payments together at MoneyGram!
The Numbers:
We serve over 50 million people every year in over 200 countries and territories We're a global team of over 2,000 from 36 countries around the world We process over $200 billion annually with digital transactions now making up about 50% of our money transfer business We're known for our strong culture globally, demonstrated by:
"Top Workplaces USA" award winner (three consecutive years in a row!) One of the "Best Places to Work" in the Middle East Winner of many regional awards, such as "Friendly Workplace in Poland" and "Top Workplace in DFW" by The Dallas Morning News
What you will contribute:
As part of the Treasury team at MoneyGram, you will be responsible for daily FX trading and risk management at the Corporate Treasury level. Reporting to the Head of FX, the role includes executing FX contracts to facilitate global funding and exposure reporting. The Senior FX Trader will collaborate with the Pricing team to provide consumer level pricing analysis and support of broader global Treasury efforts. This position serves as a consultant to internal stakeholders, providing FX and banking solutions for pricing-value improvement and new product development. The role will develop and maintain strong relationships with business financial leadership and external banks and FX counterparties. The Sr. FX Trader will be required to understand MoneyGram's businesses and strategies, with a focus on process improvement, Treasury, and Pricing optimization.
What you'll do:
Calculate and validate daily FX exposures based on ERP reporting. Utilize trading and treasury systems to execute spot, forward and swap contracts to meet foreign currency cash requirements and to hedge exposures within the guidelines of the FX Policy. Collaborate with Cash Management and Settlement teams in Dallas, London, Singapore, and Dubai to forecast FX cash balances and facilitate trade settlement. Work with Accounting to verify extraordinary entries subject to FX revaluation. Monitor and enhance daily FX rate processes to ensure rates are accurately updated in critical systems. Explores and engages with market participants to develop insight into trading and pricing improvement opportunities within the wholesale FX markets. Develops in-depth understanding of emerging market currencies. Develops and manages bank and broker relationships to facilitate FX trading. Monitors, funds, and supports partnership activities for global treasury transactions executed on a daily basis. Collaborates with Finance-Pricing teams to provide consumer pricing strategies through FX market insight, wholesale trading, and base rate modifications. What we're looking for:
BA/BS in Finance, Accounting, or Economics 3-5 plus years' experience in finance, treasury, or foreign exchange. Prior experience with a commercial bank FX desk is highly preferred. 3-5 plus years' proven experience effectively working across multiple business lines in a global company or financial institution. Essential Skills: Minimum Required: Meaningful experience with FX trading and risk management on behalf of a commercial bank, brokerage or corporate treasury. Strong desire to explore pricing disparities within FX markets stemming from a consumer, interbank, and regulatory perspective. Approaches trading and settlement activities with a risk management mindset. Proven communication and presentations skills; ability to share and clearly explain business insight, findings, and judgement to senior management. Excellent analytical, organizational skills, and attention to detail. Ability to navigate dynamic environment with changing priorities. Proven experience effectively working with bank processing and currency volatility. Ability to facilitate meetings and negotiate requirements to ensure full disclosure on banking and brokerage partners. Ability to logically present market information and concepts by tailoring approach both verbally and written. Proven ability to mentor staff and collaborate across a global enterprise. System experience with Bloomberg and/or Refinitiv products, multi-counterparty trading platforms, and treasury workstations. Why you will love working here:
Your future is in your hands.
When you start a career at MoneyGram, you join a talented and motivated team that builds the success of a trusted, global provider of innovative money transfer and payment services.
Here are some reasons it is so easy to love your career with us!
Flexible Remote First Flexibility Generous PTO 13 Paid Holidays Medical / Dental / Vision Insurance Life, Disability and other benefits 401K with competitive Employer Match Community Service Days Generous parental leave
Salary:
Anticipated Base Pay: $85-$110k + participation in our annual bonus plan.
Disclaimer:
The salary/pay rate listed is a good faith determination that may be offered to a successful applicant for this position at the time of this job advertisement based on company hiring process and budget for this role and may be modified in the future. Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.