Senior Credit Risk Manager at Monex USA in Washington, DC

Job Title: Senior Credit Risk Manager Location: Washington, D.C.; (Hybrid, 4 days in office, after first 90-days in office) Status: Full-time; Exempt Reports to: Senior Risk Leadership Team Typical Work Hours: 8:30 a.m. to 5:00 p.m. Monday to Friday

Since 1999, Monex USA has provided corporate clients with industry-leading foreign exchange (FX) and international payment solutions. Across the Monex Group, we support thousands of clients globally with tailored FX risk management strategies, international payments, and market expertise recognized by leading financial media outlets including Bloomberg, Reuters, and CNBC.

Monex USA is a rapidly growing financial services firm specializing in FX Spot, Forwards, FX Options, and bespoke structured products. We are committed to helping clients navigate global currency markets through competitive pricing, strategic guidance, and personalized service.

Monex USA is seeking a highly analytical and hands-on Senior Credit Risk Manager to oversee and actively manage the company’s credit risk function within a fast-paced FX and derivatives environment. This role is responsible for day-to-day credit risk analysis, counterparty assessments, exposure monitoring, and risk decision-making, while also contributing to the ongoing enhancement of the broader risk framework.

The ideal candidate combines strong technical expertise in credit and derivatives risk with a practical, commercially minded approach and the ability to operate effectively in a dynamic and collaborative environment.

Responsibilities Credit Risk Management & Oversight

• Assess the creditworthiness of clients and counterparties through detailed financial and qualitative analysis
• Review and approve credit requests, counterparty limits, margin facilities, and exposure thresholds
• Monitor counterparty exposures, collateral positions, margin utilization, and limit breaches on an ongoing basis
• Support the development and enhancement of the company’s credit risk framework, policies, and procedures
• Partner with senior leadership to provide practical and commercially balanced risk guidance

Derivatives & FX Risk

• Maintain oversight of FX spot, forwards, and options exposures, including structured and non-linear products where applicable
• Analyze exposure sensitivity, concentration risk, volatility impacts, and stress behavior
• Support exposure modelling methodologies including PFE, stress exposure, and scenario analysis
• Provide effective challenge to Front Office on trade structures, client exposure, and risk mitigation strategies

Risk Monitoring, Reporting & Analytics

• Prepare and present risk reporting to senior management and relevant governance committees
• Conduct stress testing, concentration analysis, and portfolio surveillance
• Monitor early warning indicators and escalate emerging counterparty or portfolio concerns
• Ensure accuracy, integrity, and consistency of risk data and reporting

Collateral, Margining & Exposure Management

• Monitor margin calls, collateral movements, and intraday exposure changes
• Support margin framework enhancements, including Initial Margin and Variation Margin methodologies
• Assist with escalation and resolution of exposure breaches or collateral disputes
• Work closely with Treasury and Operations regarding liquidity and funding impacts

Process Improvement & Cross-Functional Collaboration

• Identify and implement improvements to risk controls, reporting, systems, and workflows
• Support automation and enhancement of risk analytics and monitoring processes
• Collaborate closely with Front Office, Compliance, Finance, Treasury, and Operations teams
• Contribute to policy, governance, and documentation updates

Team Support & Execution

• Provide guidance and oversight to junior team members where applicable
• Remain actively involved in daily operational risk activities and reviews
• Act as a hands-on contributor to support workload management and business continuity
• Help foster a strong risk-aware culture across the organization

Required Qualifications

• Bachelor’s degree in Finance, Economics, Business, Mathematics, or related field
• 5–10+ years of experience in credit risk, counterparty risk, or financial risk management
• Strong experience within financial services, FX, brokerage, trading, or banking environments
• Solid understanding of derivatives, collateral management, exposure monitoring, and margining
• Strong analytical and quantitative skills, including financial statement analysis and risk assessment
• Ability to make independent risk decisions while balancing commercial considerations
• Excellent communication and stakeholder management skills
• Strong ownership mindset with the ability to thrive in a lean and fast-paced environmen

Preferred Qualifications

• Experience analyzing corporate clients, financial institutions, hedge funds, or investment vehicles
• Exposure to FX options or structured derivatives products
• Familiarity with stress testing and exposure modelling methodologies
• Experience with risk systems, exposure engines, or risk reporting platforms
• Understanding of regulatory expectations within financial services environments

Compensation

• The annual salary range is $100,000 to $140,000 with a 10% annual bonus. Salary is commensurate with experience and qualifications.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• 401(k) and employer match
• Paid time off
• Disability benefits
• Paid parental leave
• Pet Insurance
• Catered lunches