Day-to-day processing of the FX transactions within the wider Derivative Operations team. This temporary position in London requires strong attention to detail and operational expertise in banking.
Client Details
Our client is a Global Banking Corporation which has a huge market presence in London.
Description
- Ensure all payments are entered in time to meet respective deadlines.
- Ensure all accounting entries (DDA and General Ledger) have been processed correctly.
- Ensure trades are verified to respective external sources prior to processing.
- Ensure all downstream system links are actively monitored intra-day and end day.
- Ensure confirmation matching process has been completed in a timely manner with resolution of discrepancies.
- Ensure reconciliation breaks on Nostros are proactively followed up and resolved.
- Ensure daily / weekly and monthly functions are completed to an accurate level in a timely manner.
- Timely escalation of issues with documentation where necessary and follow through to resolution.
- Develop relationships with Front Office to promote quality service.
- Proactively improve processes via 3 "E"S.
- Ensure Desktop procedures and checklists are actively maintained and updated.
- Perform and document User Acceptance Testing as part of new system upgrades.
Profile
A successful Trade Support Associate - FX Settlements should have:
- Understanding of FX settlements business.
- Understanding of confirmation matching processes both within the Bank and the wider Market standards.
- Understanding of CLS settlements and importance of timely confirm matching.
- Understanding of MX and MT payment formatting requirements including review of annual SWIFT standards updates.
- Understanding underlying documentation such as ISDA, DRV and FBF, including an awareness of Regulatory Reporting requirements
Job Offer
- Competitive day rate, the equivalent of £50k on a permanent salary.
- Opportunity to learn and develop within a Global FX Settlements team
- 9 month contract with view to extend
