Job Openings

Operations Specialist (FX Settlements)

Job ID: BH481009

Category: Operations, Accounting and Finance

Specialty: Accounting & Finance

Operations Specialist
6-month contract

Location: New York, NY (remote until office opens, must be local)

Hours: M-F; 8hrs/day – 40hrs/wk
Industry: Financial Services/Banking
Interview Process: Video Call or Phone Screen (1 round)

Must Haves:

  • Bachelor's degree or equivalent job-related experience
  • Proficient with Microsoft Office

Preferred:

  • At least 6 months of operations experience in financial services
  • Foreign Exchange operations experience
  • Derivatives experience

Job Description/Summary:

The Operations Intermediate Specialist – FX Settlements is responsible for Settlements within Foreign Exchange Services, ensuring that all trades executed with client's FX trading desk are settled in a timely and accurate manner on value date.

Responsibilities:

  • Ensuring timely settlement of FX trades executed through various FX trading desks and platforms
  • Developing knowledge of FX trade-related SWIFT messages and fields required for FX transaction confirmation and payments
  • Ensuring accurate settlement of FX trades per Standard Settlement Instructions (SSI) provided by client's clients and counterparties
  • Verifying FX transaction instructions to be released on value date
  • Escalating trade discrepancies to FX trade initiation and management team, when appropriate
  • Seeking out and exploiting opportunities to improve post-execution processes, either through automation or procedural revision
  • Accurate and timely settlements of transactions in the bilateral netting system
  • Responsible for monitoring swift repair queue
  • Responsible for monitoring and responding to queries in the FX OFAC queue
  • Validate currency settlements instructions for custody, third party and inter-bank counterparties

Skills/Qualifications:

  • BS/BA degree
  • 6 to 12 months Foreign Exchange Operations, Derivatives or related Financial Services experience preferred but not essential
  • Ability to multi-task and prioritize volume
  • Ability to work independently as well as in a team environment
  • Proactive approach to daily work and ability to handle multiple responsibilities
  • Ability to communicate professionally with others
  • Strong client service skills
  • Strong attention to detail
  • MS Office proficiency required-included MS Word, MS Excel, and MS Access

#professional

The Planet Group of Companies is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Type: Temp/Contract

Location: New York, New York