At a Glance
- Tasks: Coordinate FX transactions, ensuring accuracy and timely settlements using WallStreet and SWIFT.
- Company: Join a leading global financial institution with a dynamic operations team.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Be part of a newly created team in London with excellent career advancement potential.
- Why this job: Make an impact in global markets while enhancing your skills in a fast-paced environment.
- Qualifications: 3-5 years in FX Settlements and a Bachelor's degree in business or related field.
The predicted salary is between 50000 - 70000 £ 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
- 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, escape, 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.
Application and requirements
In order to be considered you must have the right to work in the UK. Please indicate your salary expectations and notice period on the application form.
Advertising End Date: 25/05/2026
FX Settlements Specialist - Global Markets Operations employer: Commonwealth Bank
Join a dynamic and innovative team at CommBank's Global Markets Operations in London, where you will play a crucial role in the FX Settlements function. We pride ourselves on fostering a collaborative work culture that values professional growth, offering extensive training and development opportunities to enhance your skills in a fast-paced environment. With a commitment to operational excellence and client satisfaction, you'll be part of a global network that empowers you to make a meaningful impact in the financial markets.
StudySmarter Expert Advice🤫
We think this is how you could land FX Settlements Specialist - Global Markets Operations
✨Tip Number 1
Network like a pro! Reach out to folks in the FX and Global Markets space on LinkedIn. A friendly message can go a long way, and you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of Wallstreet and FX operations. We want to see you shine, so practice common interview questions and think about how your experience aligns with the role.
✨Tip Number 3
Don’t just apply anywhere; focus on roles that excite you! Use our website to find positions that match your skills and interests. Tailor your approach to show why you’re the perfect fit for the team.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind. It shows your enthusiasm and professionalism, which is exactly what we love to see at StudySmarter.
We think you need these skills to ace FX Settlements Specialist - Global Markets Operations
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the FX Settlements Specialist role. Highlight your experience in FX settlements, trade confirmation, and any relevant systems like Wallstreet. We want to see how your skills match what we're looking for!
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!
Show Off Your Analytical Skills:Since this role requires strong analytical skills, be sure to mention specific examples where you've solved complex problems or improved processes in your previous roles. We want to know how you think and approach challenges!
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 gives you a chance to explore more about us and what we do!
How to prepare for a job interview at Commonwealth Bank
✨Know Your FX Settlements Inside Out
Make sure you brush up on your knowledge of FX settlements, especially the processes involved in trade confirmation and settlement. Familiarise yourself with Wallstreet and SWIFT Alliance, as these are crucial for the role. Being able to discuss specific examples from your experience will show that you’re not just familiar with the concepts but have practical knowledge too.
✨Showcase Your Analytical Skills
Prepare to demonstrate your strong analytical skills during the interview. Think of instances where you've solved complex problems or improved processes in your previous roles. Be ready to explain how you approach problem-solving and decision-making, especially under tight deadlines, as this is key in a fast-paced environment like FX operations.
✨Engage Stakeholders Effectively
Since the role involves engaging with various stakeholders, practice articulating how you’ve successfully communicated and influenced outcomes in past positions. Prepare examples that highlight your ability to build relationships and resolve issues across the trade lifecycle, as this will be vital for success in the team.
✨Demonstrate Your Continuous Improvement Mindset
Be prepared to discuss how you’ve contributed to process enhancements in your previous roles. Highlight any experiences where you’ve identified operational risks and implemented controls. Showing that you’re adaptable and open to leveraging new technologies, like AI, for efficiency gains will resonate well with the interviewers.
