At a Glance
- Tasks: Coordinate FX settlements and ensure accurate trade confirmations using WallStreet and SWIFT.
- Company: Join a global team at CommBank, a leader in financial services.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Be part of a newly created team with excellent collaboration opportunities.
- Why this job: Make an impact in the fast-paced world of FX trading and operations.
- Qualifications: 3-5 years in FX Settlements and strong analytical skills required.
The predicted salary is between 50000 - 65000 € per year.
About us: Market Operations is a Global team of 400+ Operations Professionals who support our Global Markets, Commodities, Structured Trade & Treasury businesses globally. Functions performed are trade confirmation / affirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions (the front to back trade lifecycle) across FX, Fixed Income, Rates, Commodities, Carbon, Structured Trade, Derivatives and Loans.
Market Operations also provides Middle and Back Office services including Collateral Management, Regulatory Reporting, Client Reference Data maintenance, Client Onboarding, KYC Refresh, Account Origination, Client Case Management, Estate Management, International Loan Administration & Operations, Trade Support, Confirmation services and Settlements / Payments.
Picture yourself in the team: CommBank’s GMO business is looking for a Senior Associate to join our FX Operations function which supports the timely and accurate settlement and reconciliations of FX, Money Market, Fixed Income and OTC Derivatives products across CBA’s global network of clients, primarily using the source systems Wallstreet. The Global FX Operations role provides real-time operational support to the Foreign Exchange and Money Market trading desks across Sydney, London and New York. Some of the tasks performed by the team are but not limited to trade confirmation and settlement. The group is in a unique position to work day-to-day with numerous stakeholders across business and operations, giving a complete overview of the trade life-cycle management.
This is a newly created team in London of +3 FTE that supports the Global Markets Business clients, primarily using the source systems Wallstreet.
Do work that matters: Your main responsibilities will include:
- Coordinate the confirmation and settlement of interbank, corporate FX and money market transactions using WallStreet and SWIFT Alliance, ensuring accuracy, timeliness, and strong client outcomes.
- Manage the trade matching process, ensuring exceptions are identified, investigated, and escalated in line with agreed controls and timeframes.
- Calculate and settle internal and external funding requirements, including manual processing where required.
- Process manual SWIFT messages, fee calculations, and associated accounting journals.
- Engage effectively with internal and external stakeholders to source information and resolve issues across the trade lifecycle.
- Identify, escalate, and mitigate operational and processing risks through appropriate controls and reporting.
- Support system testing and process enhancements to improve operational efficiency and resilience.
- Build and maintain strong knowledge of FX operational processes and procedures.
- Act in accordance with the Code of Conduct, demonstrating high standards of professionalism, integrity, and accountability.
We are interested in hearing from you if you have:
- At least 3-5 years in FX Settlements (Settlements, Affirmation / Confirmation Matching and FX Funding or any other related product settlements in an investment banking environment).
- Knowledge of Wallstreet (system).
- Bachelor’s degree in business administration or related discipline.
- Strong analytical skills and attention to detail, with the ability to solve complex problems and deliver high-quality outcomes under tight deadlines.
- Effective communicator with strong written skills, capable of engaging stakeholders and influencing outcomes.
- Proven ability to work independently and collaboratively, managing competing priorities in a fast-paced environment.
- Solid understanding of operational policies, controls, and governance frameworks within financial markets or operations.
- Adaptable and resilient, with a continuous improvement mindset and openness to leveraging AI for efficiency gains.
In order to be considered you must have the right to work in UK, also please indicate your salary expectations and notice period on the application form.
If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application. We’re keen to support you with the next step in your career.
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Advertising End Date: 25/05/2026
Senior Associate, FX Settlements in London employer: Commonwealth Bank of Australia
At CommBank, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation within our Global Markets team. As a Senior Associate in FX Settlements based in London, you'll benefit from comprehensive training, opportunities for professional growth, and the chance to engage with a diverse range of stakeholders, all while contributing to meaningful financial operations that impact clients globally.
Contact Detail:
Commonwealth Bank of Australia Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate, FX Settlements in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those in FX settlements. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Wallstreet and FX operations. We want you to be able to discuss your experience confidently and show how you can add value to the team.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Associate, FX Settlements in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Associate role in FX Settlements. Highlight your relevant experience in FX, trade confirmation, and any specific systems like Wallstreet that you've used. We want to see how your background aligns with what we do!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about FX operations and how your skills can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:Since this role requires strong analytical skills, be sure to include examples of how you've solved complex problems in previous roles. We’re looking for evidence of your attention to detail and ability to deliver high-quality outcomes under pressure.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved!
How to prepare for a job interview at Commonwealth Bank of Australia
✨Know Your FX Settlements Inside Out
Make sure you brush up on your knowledge of FX settlements, including trade confirmation and reconciliation processes. Familiarise yourself with Wallstreet and SWIFT Alliance, as these are key systems you'll be working with. Being able to discuss specific examples from your experience will show that you're not just familiar with the concepts but can apply them effectively.
✨Engage with Stakeholders
Since the role involves liaising with various stakeholders, practice how you would communicate effectively with both internal teams and external clients. Prepare examples of how you've successfully resolved issues or improved processes in past roles. This will demonstrate your ability to influence outcomes and manage relationships.
✨Showcase Your Analytical Skills
Be ready to discuss how you've tackled complex problems in previous positions. Think of specific instances where your attention to detail made a difference, especially under tight deadlines. Highlighting your analytical skills will reassure the interviewers that you can handle the demands of the role.
✨Demonstrate Adaptability and Continuous Improvement
The job description mentions a continuous improvement mindset, so come prepared with ideas on how you could enhance operational efficiency. Discuss any experiences where you've adapted to changes or leveraged technology, like AI, to improve processes. This will show that you're forward-thinking and ready to contribute to the team's success.
