Your role
Are you interested in making an impact in the fast-paced world of foreign exchange? Join a team where your attention to detail and problem-solving skills play a valuable role in global financial markets. Find out how you can make an impact.
You will play a key role in ensuring accurate and timely processing of foreign exchange & money market transactions. In this role, you will support the business, manage post-trade processes, mitigate operational risk, and adhere to control frameworks while maintaining compliance with internal policies and regulatory requirements.
Key Responsibilities
1. Trade Settlement & Confirmation
• Ensure accurate and timely settlement of FX (spot, forward, swap, NDF, options) and MM transactions.
• Perform trade validation
• Manage confirmation processes-including paper, SWIFT, and electronic confirmations (e.g., FXAll, Mysis, GTSS)
• Resolve trade breaks and unmatched confirmations promptly.
2. Intraday Payment Processing
• Generate and release settlement payments (MT103/202) through the payment platforms.
• Monitor incoming/outgoing cash flows to ensure settlement obligations are met on value date.
• Coordinate with Reconciliation teams to investigate and resolve cash breaks.
3. Business & Stakeholder Interaction
• Liaise closely with front office, middle office, and clients regarding settlement queries.
• Collaborate with internal teams (Credit, Onboarding, Trade Capture) to resolve counterparty issues.
• Communicate proactively with counterparties, custodians, and settlement banks ensuring efficient processing.
4. Risk & Controls
• Identify, escalate, and mitigate settlement risk, operational risk, and market cut off risk.
• Ensure adherence to regulatory requirements related to reporting, confirmations, and recordkeeping.
• Regular preparation of risk reports.
5. Exception Management
• Investigate and resolve settlement discrepancies, fails, and breaks.
• Track and report settlement fails; identify root causes and drive long term resolutions.
• Manage CLS (Continuous Linked Settlement) trade submission, matching, and dispute resolution where applicable.
6. Process Improvement & Technology
• Identify opportunities for automation and efficiency within settlement workflows.
• Participate in system upgrades, UAT testing, and new product or market rollouts.
• Ability to work under pressure with tight deadlines and market cut offs.
• Strong problem solving and analytical abilities.
• Team oriented.
Your team
You will be a part of the Investment Bank (IB) Foreign Exchange and Money Market team based in Raleigh, North Carolina, collaborating with global teams to support all pre-settlement, settlement, and post-settlement FX/MM Operations processes.
Your expertise
• Bachelor's degree in Finance, Business, Economics, Accounting, or related field.
• ideally 3+ years in Operations, Settlements, Treasury, or Middle Office
• Understanding of FX derivative and Money Market products and settlement processes
• Experience with trade validation and confirmation methods (paper, SWIFT, and electronic platforms)
• Ability to identify, investigate, and resolve trade breaks and unmatched confirmations promptly
• Familiarity with payment platforms and MT103/202 settlement instructions
• Excellent organizational skills, attention to detail, and ability to work under pressure in a dynamic environment
• Strong communication skills to partner effectively across functions
• Competency with Excel (pivot tables, filters, formulas).
• Team player with willingness to learn and take on new responsibilities.
