Currency Risk Management

Duration 60 Mins
Level Basic & Intermediate
Webinar ID IQW20H0877

  • Currency exposure identification
  • FX market risk management
  • Review of FX transactional considerations
  • Risks stemming from FX transactions
  • Understanding of legitimacy/fraud risk
  • FX provider selection considerations
  • Management of FX transaction risks – Best Practices
  • Hedging or not to hedge
  • Methods of hedging
  • Execution of FX transactions
  • Confirmation of FX transactions
  • Settlement of FX transactions
  • Documentation

Overview of the webinar

Currency risk exists in most corporations as well in many investment portfolios. In the case of corporations, the presence of currency exposure is not always well identified, monitored or managed. Also, the risk of currency exposures from a FX market perspective or from a FX transaction perspective is not always fully understood and therefore not effectively managed. Corporations may have foreign exchange risk due to business activities/undertakings which result in assets or liabilities denominated in the currency of countries other than the home currency of the corporation in question and may not be identified and evaluated. It is important that a corporation understands the presence of its currency exposures and have policies and procedures for managing its currency exposures and the execution of its FX transactions.

This presentation will address the identification of a corporation’s possible currency exposures, the market and transactional risks associated with such exposure and the management of these currency risks. The review of the management of the execution of FX transactions in this presentation as well as the review of legitimacy risk will also be of value to the management of currency exposures in investment portfolios as well as to banks that are currency service providers.

Who should attend?

  • Currency management staff 
  • Senior and executive management
  • Risk managers and Compliance managers with a corporation
  • Auditors
  • FX Service Provider staff
  • University Risk Management Educators

Why should you attend?

To establish a framework of thought for developing or refining a corporation’s or an investment manager’s currency management policies and procedures. A corporation must know the degree of currency exposure present in its businesses and a portfolio manager must know the currency exposures in the portfolios it manages. It must also have well defined and constructed policies and procedures for managing its currency exposures as well as providing for the sound execution of its FX transactions. This essential to the effective management of this major area of risk. Currency exposure management can be very complex in nature depending on the primary business activities of a corporation and the nature of its currency exposures.

In addition, many corporations, as well as asset managers, are not fully appreciative of the risks associated with the components of a foreign exchange transaction. This presentation provides for a thorough review and understanding of currency exposure management within a corporation by addressing the thought process for identifying and monitoring the presence of currency exposures within a corporation and within an investment portfolio and establishing, for both corporations and investment managers, the practices for the ongoing management of its FX market exposures and the execution of it FX transaction requirements. 

Faculty - Mr. Robert Geary

Robert Geary is the founder of Greenwich Risk Management Advisory Services, LLC, and serves as the principal consultant on many of the firm’s consultancy mandates. He has been a banking and finance industry professional for 41 years and has spent 34 years with JP Morgan Chase & Co in various roles pertaining to senior treasury, financial market, asset management and risk management.
Earlier in his career, Mr. Geary managed Chase Manhattan Bank’s Euro and other offshore funding activities and was the bank’s first Asia/Pacific area treasury and financial markets executive located in Hong Kong. There for five years, he had overall functional management responsibility for the treasury, currency trading/sales activities and securities portfolios of Chase’s branches in nine countries in the region that included the major centers of Japan, Hong Kong and Singapore.
He has served on the board of directors of Chase Manhattan Overseas Banking Corporation as well as on numerous senior committees that included Chase’s Portfolio and Investment Strategy Committee, Tax Committee, International Asset/Liability Management Committee, Chase Investment Policy Committee, and Capital Markets & FX Risk Management Committee. Prior to joining Chase, he held positions at Chemical Bank, Chrysler Financial Corporation and National Bank of North America. Mr. Geary holds a BA degree in economics from Pace University and did graduate studies in finance at New York University Graduate School of Business. He is also currently a member of the Executive Advisory Board of St. John’s University Department of Accounting and Taxation.

For group or any booking support, contact: