Description The Investment Portfolio Sr Manager - FX Hedging is responsible for designing, executing, and enhancing CFG’s enterprise‑wide Foreign Exchange (FX) risk management framework. This role leads analytical and execution responsibilities across FX exposures arising from international operations, foreign‑currency cash flows, balance‑sheet positions, and subsidiaries. The VP partners closely with Treasury, Risk, Controllers, and business line leaders to deliver a robust hedging program that protects Net Interest Income (NII), Economic Value of Equity (EVE), earnings volatility, and liquidity from FX‑driven impacts. This position is ideal for a seasoned market practitioner with deep FX expertise, strong analytics, and proven experience building or managing FX hedging programs at scale. Primary responsibilities include FX Exposure Identification, Reporting & Hedging Strategy Development + Identify, quantify, and monitor CFG’s FX exposures across transaction, translation, remeasurement, economic, and subsidiary‑level risk. + Develop, optimize hedging mix, and maintain hedging strategies using spot, forwards, non‑deliverable forwards (NDFs), options, cross‑currency swaps, and other permitted instruments. + Produce hedge recommendation memos and present analysis to ALCO, senior Treasury leadership, and Risk teams. + Develop and maintain analytics for exposure quantification, VaR, scenario analysis, sensitivity measures, and stress tests. + Ensure robust risk reporting to ALCO, Controllers, Treasury Operations, Finance Risk, and Investor Relations. Trade Execution & Portfolio Management + Execute and manage FX hedges in line with approved authorities, risk tolerances, compliance requirements, and governance protocols. + Partner with trading counterparts, liquidity managers, and external banking relationships to ensure competitive pricing and operational accuracy. Accounting, Controls & Governance + Maintain documentation required for hedge designation, prospective/retrospective effectiveness testing, and audit/regulatory review. + Support regulatory interactions (FRBB, OCC) regarding FX hedging activity, MIS, governance, and policy adherence. Strategic Leadership & Cross‑Functional Partnership + Lead enhancements to CFG’s enterprise‑wide FX hedging program and support the build‑out of scalable FX infrastructure, analytics, and data automation. + Provide thought leadership on macroeconomic FX trends, central bank policy impacts, and market structure developments. + Mentor junior analysts and contribute to broader Treasury Investments strategy, including MSR, Interest Rate Risk, and Investment Portfolio initiatives. Qualifications, Education, Certifications and/or Other Professional Credentials + Required Qualifications + 3+ years of experience in FX risk management, FX trading, corporate treasury, or a related FICC market role at a bank, large corporate, asset manager, or consulting firm. + Expert understanding of FX instruments: forwards, NDFs, swaps, options, and cross‑currency products. + Strong knowledge of FX exposure measurement, hedge accounting principles, risk frameworks, and market/valuation concepts. + Proven experience executing FX hedging programs or supporting enterprise hedging. + Exceptional analytical skills with proficiency in Excel, Bloomberg, and (ideally) Python, SQL, or R. + Bachelor’s degree in Finance, Economics, Math, Engineering, or related quantitative field. + Preferred Qualifications + Advanced degree (MS, MBA) and/or professional designation (CFA, FRM). + Prior exposure to international subsidiary hedging, NDF markets, and emerging‑market FX. + Familiarity with liquidity management, interest‑rate hedging, and balance sheet strategy. Hours & Work Schedule + Hours per Week: 40 + Work Schedule: Monday - Friday / 4 days a week in office, 1 remote Pay Transparency The salary range for this position is $147,000 - $190,000 per year. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience. We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits . Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance. Equal Employment Opportunity Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability. Why Work for Us At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth Background Check Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.