At a Glance
- Tasks: Coordinate FX transactions and manage confirmations using Wallstreet and SWIFT.
- Company: Join a global team at CommBank, supporting diverse financial markets.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Exciting opportunity to work with global stakeholders and enhance your finance knowledge.
- Why this job: Make an impact in the fast-paced world of FX settlements.
- Qualifications: 1-3 years in FX Settlements and strong communication skills required.
The predicted salary is between 30000 - 40000 € 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.
CommBank’s GMO business is looking for two Associates 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 confirmation and settlement of interbank, corporate FX and Money Market transactions using Wallstreet and SWIFT Alliance.
- Manage confirmation matching, investigate exceptions, and elevate issues where required.
- Calculate and settle internal and external funding requirements.
- Process manual SWIFT messages and fee calculations, including associated journals.
- Engage effectively with internal and external stakeholders to resolve settlement issues.
- Identify, report, and mitigate operational and processing risks.
- Support system testing and process or workflow changes.
- Build and maintain strong knowledge of FX processes and controls.
- Adhere to the Code of Conduct and all applicable policies and frameworks.
We are interested in hearing from you if you have:
- At least 1-3 years in FX Settlements (Settlements, Confirmation Matching and FX Funding or any other related product settlements in an investment banking environment).
- Knowledge of Wallstreet (system) is highly desirable.
- Bachelor’s degree in business administration or related discipline.
- Strong attention to detail with proven problem‑solving capability and a proactive risk mindset.
- Excellent written and verbal communication skills, with the ability to influence and engage stakeholders.
- Ability to manage competing priorities, meet tight deadlines, and work both independently and collaboratively.
- Relevant financial markets operations experience, with demonstrated resilience, accountability, and alignment to organisational values.
In order to be considered you must have the right to work in the UK, also please indicate your salary expectations and notice period on the application form.
Associate, FX Settlements employer: Commonwealth Bank
CommBank offers a dynamic and inclusive work environment where Associates in FX Settlements can thrive. With a strong focus on employee growth, the company provides extensive training opportunities and encourages collaboration across global teams, particularly in the vibrant financial hub of London. Employees benefit from a supportive culture that values innovation and operational excellence, making it an ideal place for those seeking meaningful and rewarding careers in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Associate, FX Settlements
✨Tip Number 1
Network like a pro! Reach out to folks in the FX Settlements space on LinkedIn or at industry events. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Wallstreet and FX processes. We want you to show off your expertise and how you can tackle real-world challenges in the role.
✨Tip Number 3
Practice your communication skills! Being able to engage with stakeholders is key, so try mock interviews with friends or mentors to refine your pitch and responses.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Associate, FX Settlements
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the FX Settlements role. Highlight your relevant experience in settlements, confirmation matching, and any knowledge of Wallstreet. We want to see how your skills align 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 background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Problem-Solving Skills:In your application, don’t forget to mention specific examples where you've tackled challenges in previous roles. We value a proactive risk mindset, so let us know how you've identified and mitigated issues in the past.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it shows you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at Commonwealth Bank
✨Know Your FX Basics
Before the interview, brush up on your knowledge of FX settlements and the trade lifecycle. Understand key terms like confirmation matching and funding requirements, as these will likely come up in conversation. Being able to speak confidently about these topics will show that you're serious about the role.
✨Familiarise Yourself with Wallstreet
Since knowledge of the Wallstreet system is highly desirable, take some time to learn about its functionalities. If you can demonstrate familiarity with how it supports FX operations, you'll stand out as a candidate who’s ready to hit the ground running.
✨Prepare for Stakeholder Engagement Questions
Expect questions about how you would engage with internal and external stakeholders. Think of examples from your past experience where you successfully resolved issues or communicated effectively. This will highlight your ability to influence and engage others, which is crucial for this role.
✨Showcase Your Problem-Solving Skills
Be ready to discuss specific instances where you've identified and mitigated operational risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you convey your proactive risk mindset and attention to detail, both of which are essential for success in FX settlements.
