FX OTC Settlements
The job holder will provide daily operational support primarily for the FX Deliverable Desk. The job holder will also work closely with the OTC Operations wider team, Finance, IT, Treasury and Compliance.
The FX Settlement Team is part of OTC Operations which currently consists of 7 people and is a support-based team that provides coverage to our various OTC desks and our internal proprietary desk.
Role:
* Managing incoming receipts and outgoing payments for clients that require taking delivery
* Processing and maintaining Tradair client trading limits.
* Liaising with key stakeholders on desk queries and booking amendments/rolls
* Close relationship with clients to handle all ad hoc FX queries
* Working closely with Treasury and accounts to ensure smooth settlement processes
* Ensuring distribution of client position statements.
* Management of team inbox and subsequent resolution.
* Payment Netting with Liquidity Providers and Clients
* Identification and escalation of high-risk exceptions
Requirements:
* At least 2-3 years’ experience working in an FX payments / settlements team.
* In depth knowledge of FX settlements from trade date to settlement.
* Strong communication skills both written and verbal.
* Proactive mindset and ability to work under pressure for demanding stakeholders.
* Strong understanding of Operational Risk within a middle office or operations department.
* Intermediate MS Excel skills
* Knowledge of FX Options products and associated lifecycle events.
* Experience in product related project work
* Experience of processing FX trade settlements.