At a Glance
- Tasks: Coordinate FX settlements and confirmations, ensuring accuracy and timeliness.
- Company: Join a global team at CommBank, a leader in financial services.
- Benefits: Competitive salary, career growth, and a dynamic work environment.
- Other info: Collaborate with global teams and enhance your operational expertise.
- Why this job: Make a real impact in the fast-paced world of FX operations.
- Qualifications: 3-5 years in FX Settlements and strong analytical skills required.
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 worldwide. 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.
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, elevate, 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, 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 the 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: 14/04/2026
Senior Associate, FX Settlements employer: Commonwealth Bank
CommBank's Market Operations team offers an exceptional work environment for professionals in FX Settlements, providing a unique opportunity to engage with global markets and collaborate with diverse stakeholders. With a strong focus on employee growth, the company fosters a culture of continuous improvement and innovation, ensuring that team members are equipped with the skills and knowledge needed to excel in their roles. Located in London, this newly established team not only supports critical financial operations but also promotes a dynamic and inclusive workplace where every contribution is valued.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Associate, FX Settlements
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and FX world. Attend industry events or webinars, and don’t be shy about asking for informational interviews. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of Wallstreet and FX operations. We recommend doing mock interviews with friends or using online platforms to get comfortable with common questions. The more prepared you are, the more confident you'll feel!
✨Tip Number 3
Showcase your problem-solving skills! During interviews, share specific examples of how you've tackled challenges in FX settlements or reconciliations. We want to see how you think on your feet and handle pressure, so don’t hold back!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us. Don’t forget to highlight your adaptability and continuous improvement mindset in your application!
We think you need these skills to ace Senior Associate, FX Settlements
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Associate role in FX Settlements. Highlight your experience with trade confirmation, settlement, 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 include examples of how you've solved complex problems in past roles. We want to know how you approach challenges and 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’s super easy – just follow the prompts and you’ll be on your way!
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 scenarios 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 with Stakeholders
Since the role involves engaging with various stakeholders, practice articulating how you've effectively 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.
✨Emphasise Continuous Improvement
Demonstrate your adaptability and resilience by discussing any experiences where you've contributed to process enhancements or embraced new technologies, like AI, to improve operational efficiency. Showing a continuous improvement mindset will resonate well with the interviewers, as they value innovation and efficiency in their operations.
