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Foreign Exchange Manager Jobs in Michigan (NOW HIRING)

Standex Engraving

Accountant

Fraser, MI · On-site

Manage the monthly close and preparation of monthly close binders for USA and Canada * Preparing ... Updating and distributing foreign exchange rates monthly throughout company * Participating in the ...

Aampower

Financial Analyst

Three Rivers, MI · Hybrid

This person will complete month-end, quarter-end, and year-end closing activities related to foreign exchange, cash management, and tax, including preparing the appropriate audit work papers for such ...

Standex Engraving

Accountant

Fraser, MI · On-site

... foreign exchange rates monthly throughout company • Participating in the external reporting ... manage credit applications and assess creditworthiness of potential customers • Process ...

Deloitte

SAP Treasury Senior Consultant

Detroit, MI · On-site

Experience with cash management, foreign exchange, debt capital markets, and interest rate risk management * Experience leading workstreams or mentoring junior professionals on consulting or ...

General Motors

Treasury Associate

Warren, MI · Hybrid

... Foreign Exchange & Commodities, Cash Investments & Structured Finance, Auto Finance, Treasury Operations, Supplier Finance Risk Management, and Pensions Strategy. Develops innovative, creative ...

L&L Products

Chief Financial Officer (CFO)

Romeo, MI

Manage foreign exchange exposure, commodity pricing risk, and other financial market risks. * Oversee insurance programs and enterprise risk management activities. Mergers, Acquisitions & Strategic ...

Bank of Ann Arbor

Senior Teller - Howell

Howell, MI

... managed locally, and responsive to the needs of its communities. The Bank will serve and partner ... foreign exchange. In addition, tellers, through their conversations with the clients, listen to ...

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Foreign Exchange Manager information

What does a foreign exchange manager do?

A Foreign Exchange Manager is responsible for overseeing and managing a company's currency exchange operations and strategies. They monitor currency markets, analyze trends, and execute foreign exchange transactions to minimize risks and optimize profits. Their role also includes developing hedging strategies, ensuring compliance with regulations, and maintaining relationships with banks and financial institutions. Foreign Exchange Managers play a key role in helping organizations manage exposure to global currency fluctuations.

How does a foreign exchange manager typically collaborate with other departments within a financial institution?

A Foreign Exchange Manager regularly works with departments such as treasury, risk management, and corporate banking to ensure effective currency risk mitigation and optimal foreign currency transactions. They coordinate with relationship managers to understand clients’ needs, work closely with traders to execute transactions, and partner with compliance teams to adhere to regulatory requirements. This cross-departmental collaboration helps streamline processes and ensures that both client and organizational objectives are met efficiently.

What are the key skills and qualifications needed to thrive as a foreign exchange manager, and why are they important?

To thrive as a Foreign Exchange Manager, you need a strong understanding of global financial markets, currency trends, and economic indicators, typically supported by a degree in finance or economics. Familiarity with trading platforms, risk management systems, and certifications such as ACI Dealing Certificate are commonly required. Analytical thinking, attention to detail, and effective communication are vital soft skills for negotiating deals and managing client relationships. These skills ensure effective risk mitigation, informed decision-making, and successful currency management in a fast-moving market.

What is the difference between Foreign Exchange Manager vs Currency Analyst?

AspectForeign Exchange ManagerCurrency Analyst
Required CredentialsBachelor's degree in finance, economics, or related field; certifications like CFA are commonBachelor's or master's in finance, economics, or related; CFA often preferred
Work EnvironmentFinancial institutions, corporate treasury departments, banksFinancial research firms, banks, investment companies
Employer & Industry UsageUsed in banking, corporate finance, and treasury managementUsed in market analysis, investment research, and trading

While both roles involve currency and foreign exchange, the Foreign Exchange Manager primarily oversees currency risk management and trading operations within organizations, whereas the Currency Analyst focuses on analyzing currency market trends and providing forecasts. The roles often overlap in skills and industry settings, but their core responsibilities differ in strategic management versus market analysis.

Is a foreign exchange manager a good job?

A foreign exchange manager oversees currency trading operations, manages risk, and develops trading strategies, often requiring strong analytical skills and knowledge of financial markets. The role can be rewarding with competitive salaries and opportunities for advancement, but it also involves high pressure and the need for continuous market analysis. Success in this position depends on expertise, decision-making ability, and staying updated on global economic trends.

What is a foreign exchange manager?

A foreign exchange manager is a professional responsible for overseeing currency trading activities within a financial institution or corporation. They analyze market trends, manage currency risk, and develop strategies to optimize foreign exchange transactions, often using trading platforms and financial tools. Strong analytical skills and knowledge of global markets are essential for this role.

What is the role of foreign exchange management?

Foreign Exchange Management involves overseeing and coordinating currency transactions, risk mitigation, and compliance to facilitate international trade and investment. A Foreign Exchange Manager analyzes market trends, manages currency exposure, and uses financial tools like hedging to minimize risks associated with currency fluctuations.

What are the most commonly searched types of Foreign Exchange jobs in Michigan?

The most popular types of Foreign Exchange jobs in Michigan are:

What are popular job titles related to Foreign Exchange Manager jobs in Michigan?

For Foreign Exchange Manager jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Foreign Exchange Manager jobs in Michigan look for?

The top searched job categories for Foreign Exchange Manager jobs in Michigan are:

What cities in Michigan are hiring for Foreign Exchange Manager jobs?

Cities in Michigan with the most Foreign Exchange Manager job openings:

Foreign Exchange Manager jobs near you

Senior Relationship Manager - Middle Market (Grand Rapids, MI)

Flagstar Bank

Grand Rapids, MI • On-site

Full-time

Medical, Dental, Vision, Life

Re-posted yesterday

Flagstar Bank rating

8.1

Company rating: 8.1 out of 10

Based on 52 frontline employees who took The Breakroom Quiz

65th of 174 rated banks

Job description

Position Title

Senior Relationship Manager - Middle Market (Grand Rapids, MI)

Location

Grand Rapids, MI 49546

Job Summary

Responsible for new business development and relationship management targeted to middle market companies with sales of 30 million dollars or greater within West Michigan, targeting Grand Rapids, MI area. Generate revenue by developing and maintaining relationships with identified companies/sponsors/developers/managers, generating deal flow directly from these clients/prospects and orchestrating a team approach to the relationship. The position is supported by product specialists (capital markets, rates and FX derivatives, treasury management, etc.), portfolio managers (credit underwriting, transaction approvals/processing, portfolio management routines) and operational support specialists but remains accountable for all aspects of the relationship.

Job Responsibilities:

  • New Business Origination: Developing and maintaining relationships to generate direct deal flow; Coordinate the team approach to approving and closing new deals to grow assets and revenues while optimizing profitability (ROE).

  • Relationship Management: Working with assigned portfolio managers, engage with sponsors and borrowers on idea generation and relevant opportunities to expand our relationship.

  • Strategic Planning: Partnering with Division management to create a strategic plan for the Group and creating action plans to ensure the achievement of the plan including setting and tracking individualized goals for each team member in regards to production and revenue, and forecasting results for management based on existing pipelines.

  • Credit Quality: Working with assigned portfolio managers, ensure pro-actively monitoring credit quality of portfolio through timely financial statement gathering, monitoring client's compliance with ongoing required reporting, properly analyzing financial information and taking or recommending appropriate corrective actions based on acceptable levels. Ultimately responsible for managing the banks risk exposure to acceptable levels.

  • Maintaining Knowledge: Staying abreast of industry trends and market conditions that could impact the Sponsor Coverage group as a whole and the assigned portfolio of relationships and borrowers

Job Requirements:

  • High School Diploma or Equivalent required

  • Formal Credit Training preferred

  • 10+ years of Commercial financing or equivalent lending experience

  • Established relationships and demonstrated direct origination track record with relevant companies

  • Expertise in negotiating, structuring, and closing complex loans

  • Proven ability to generate significant cross-sell revenues

  • Strong analytical and credit skills

  • A high level of oral and written interpersonal and sales skills are necessary to compete effectively, present proposals to client and recommend loan transactions to bank senior management

  • Expertise in due diligence, credit underwriting, and legal documentation

  • Excellent interpersonal and verbal and written communication skills

  • Excels in a team environment

  • Mentor less experienced Relationship Managers and Portfolio Managers as appropriate

  • Cross-sell banking services including treasury management, interest rate protection, and syndication products and capabilities (foreign exchange & commodity hedging is a plus)

  • Recognize issues; early problem recognition, remedial management and appropriate coordination with workout is an important part of on-going portfolio management

  • Keep management fully informed on all key factors of the bank, the portfolio, client relationships and the competitive environment

  • Involved in industry-related associations, committees, and boards outside of the bank (i.e., Special Olympics, etc.) that provide marketing and community services for the Bank

  • Adhere to all regulatory and compliance issues linked to the job and the team and understand how these issues help the bank achieve the vision of remaining an independent bank.

  • Staff member is expected to consistently adhere to regulatory and compliance policies and standards linked to their job as listed. Staff member will not repeatedly act in a manner signifying intentional or willful noncompliance, nor exhibit gross negligence or a general disregard for compliance and regulatory standards. Staff member must ensure compliance with applicable federal, state and local laws and regulations. Staff member must complete all required compliance training on a timely basis. Staff member will maintain knowledge of and adhere to Flagstar's internal compliance policies and procedures. Staff member must take responsibility to keep up to date with changing regulations and policies.

Flagstar is an Equal Opportunity Employer

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information:Benefits | Flagstar Bank

Pay Range

$131,611.50 - $219,478.00

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