1+ months

Director, Head of FX Strategy and Trading

Siemens
Whippany, NJ 07981
**MetLife Investment Management**



Based in Whippany, New Jersey, MetLife Investment Management (MIM) is one of the largest institutional investors and asset managers in the world, with over $605 billion in combined managed assets, and has consistently generated superior returns for both policyholders and shareholders. The enterprise has more than 900 dedicated professionals with extensive experience and expertise in all asset classes, with strength in public and private fixed income and private assets, including real estate.



**MIM General Account Hedging Unit**



The General Account Hedging Unit is dedicated to creating and delivering solutions that support growth and improve the Companys profitability through its use of derivatives strategies to solve Asset Liability Management challenges.



The General Account Hedging Unit works with many areas across the enterprise to develop, implement and manage hedging programs that improve profitability, reduce risk and capital, and increase diversification. Working with Portfolio Managers, Asset Originators, Treasury, Mergers and Acquisitions, and the Lines of Business, the team covers interest rate and currency exposure globally. Members of the team focus on rates including Governments and Swaps, Interest Rate Volatility, Cross Currency Swaps, and Foreign Exchange. The GA Hedging Unit supports MetLife globally.



**The Role**



The Director, Head of Foreign Currency Strategy and Trading, will report to the Head of General Account Hedging. He or she will manage all aspects of Foreign Currency Spot, Forward, and Options trading platform. The selected candidate will work closely with Treasury, Accounting, Risk, IT and Legal and, will also have the opportunity to work with risk management, ALM, finance, among others and gain broad exposure across the organization.



Working closely with the Variable Annuity hedging team, the Director will manage FX exposures and coordinate with the GA hedging team members to manage swapped bond programs and other initiatives. He or she will work closely within the larger Derivatives Unit and with constituents throughout the firm to develop strategy, execute and manage FX programs. The selected candidate will advise and assist on hedge program development and market our services to internal and external clients.



This leader will develop and publish strategy pieces to be distributed internally and externally. He or she will participate in committees to develop and oversee FX policies and exposures across the firm. The successful candidate will possess a superior understanding of FX markets, the derivative instruments used to manage FX risk, and the accounting and regulatory environments in insurance and asset management. He or she will work well both independently and within a group to drive new programs and maintain existing initiatives, including developing, writing, and presenting strategic views on FX that lead to actionable hedging or trading opportunities.



The FX Trading and Strategy area share a resource with the Short Term Trading unit and a team of six analysts who support the full Derivatives and Liquid Markets area.



**Key Responsibilities:**



**FX Strategy**



+ Develop hedging strategies and solutions, including pre-trade analysis and modeling; measure hedge program performance

+ Develop FX strategy pieces and publish position papers on a regular basis



**FX Trading**



+ Manage and execute hedges for all FX hedging programs, seeking to minimize execution costs and maximize alpha generation opportunities

+ Manage FX execution platform vendor and work with the vendor to continue to enhance the platform

+ Perform pre-trade analysis and modeling

+ Monitor, analyze, and report on risk positions and P&L

+ Prepare position reporting and ad-hoc risk analysis

+ Report hedge program performance to management



**Leadership**



+ Develop and grow junior talent

+ Provide project leadership for some of the Units strategic initiatives, as needed



**Partnerships**



+ Develop and grow internal and external partnerships with key stakeholders, including:

+ Assist in 3rd party asset management marketing efforts as needed

+ Develop relationships with sell-side traders and salespeople

+ Work cross-functionally with diverse teams, including Investments IT, Treasury, Risk Management, ALM, Middle Office, Accounting and Portfolio Management

+ Attend and present at trader meetings



**Key Relationships:**



**Reports to:** VP, General Account Rates and Currency Hedging



**Direct Reports:** Indirectly manage a team of 2 (a shared resource with Short Term Trading Desk)



**Other Key Stakeholders:** International and Domestic Treasury & Finance, Portfolio Management, FX

Committee Members, MIM Sales and Business Development, Mergers and Acquisitions, Regional CIOs and Regional Business Leaders; Investments IT, Risk Management, ALM, Middle Office, Accounting



**Candidate Qualifications:**



**Essential Business Experience and Technical Skills:**



+ Minimum 8+ years of FX trading experience required

+ Significant FX strategy experience required

+ Options trading experience required

+ Experience developing hedging solutions a plus

+ Undergraduate degree required, MBA or equivalent preferred

+ Strong quantitative and analytical skills required

+ Strong interpersonal skills required. Excellent communication skills; ability to express complicated methodologies to the business stakeholders. Strong verbal and written communication skills required

+ Must be detail-oriented with strong time management and prioritization skills; ability to work independently is essential



**Leadership Competencies:**



+ **Creates Partnerships** - Authentically builds trusted relationships and collaborates across global, diverse and multi-functional teams to successfully drive business objectives.

+ **Seizes Opportunity** - Seeks new opportunities and ways to create balanced business growth while improving operational capabilities.

+ **Grows Talent** - Inclusively and pro-actively develops talent, empowers individuals and manages diverse teams to drive engagement and performance.

+ **Models our Values** - Creates a culture that promotes the companys values and standards through role modeling, accountability, and ownership of decisions.

+ **Thinks Strategically** Sets direction aligned to the companys strategy, applying an external and global perspective to meet local and global needs. Must be a creative and innovative thinker who can bring thoughts to actions

+ **Motivates People** Gains people commitment to achieve business objectives through clear communication of the companys vision and flexing leadership styles to inspire high performance.

+ **Focuses on Customers** Promotes customer centricity and ensures focus on creating great customer experiences to achieve competitive advantage.

+ **Drives Results** Sets aggressive goals and is accountable for continuously driving improved performance, leading change and ensuring high standards. Consistently strives for continuous improvement. Analytical approach to problem-solving.



**MetLife:**



MetLife, through its subsidiaries and affiliates, is one of the worlds leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe, and the Middle East.



We are one of the largest institutional investors in the U.S. with more than $605 billion in total assets under management as of March 31, 2019. We are ranked #43 on the Fortune 500 list for 2018. In 2018, we were named to the Dow Jones Sustainability Index (DJSI) for the third year in a row. DJSI is a global index to track the leading sustainability-driven companies.



Our goal in everything we do is to offer customers truly differentiated value propositions that allow us to establish clear competitive advantages. We pride ourselves on being a trusted partner to our customers as they navigate lifes twists and turns. Visit us at www.metlife.com to learn more about our brand, history, and values.



MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.



MetLife maintains a drug-free workplace.



**For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.**



Requisition #: 111498

Categories

Posted: 2019-09-03 Expires: 2019-12-07

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Director, Head of FX Strategy and Trading

Siemens
Whippany, NJ 07981

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