Foreign Exchange (FX) Operations, Global Banking

FNBO

At FNBO, our employees are the heart of our story--and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success.

This role leads the daily payment processing, settlement, and customer service needs for FX spot, forward, time option, FX swap, and multicurrency transactions. Duties would include trade settlement, confirmations, investigations, risk management, credit reporting, derivative management, and problem resolution. Responsibilities will include constant communication with front office, clients and global correspondents, and leading back office in implementing new products/processes as well as continuous improvement. The role is also required to document procedures and can work in a fast-paced environment with aggressive growth targets.

Duties may include:

  • Ensures smooth processing of day-to-day foreign exchange transactions initiated by the bank's front office FX desk and FX Online including spot, forward, multicurrency, and swap transactions.
  • Performs investigations with global correspondents regarding FX payments leveraging Swift gpi.
  • Performs daily workflow with knowledge around SWIFT messages and local clearing standards to ensure straight through processing.
  • Investigate and clear all reconciliation outages for nostro and customer vostro accounts.
  • Communicates efficiently with internal and external counterparties on settlement, research, and customer services related matters.
  • Lead Back Office in creating system test initiatives around additional functionality, enhancements, and procedures.
  • Detect and report issues as applicable within the banks foreign exchange product set.  Effectively communicate issues to internal business analyst/IT teams and external vendors, and actively participate in issue resolution. 
  • Responsible for FX and FX derivative confirmations for clients and upstream counterparties.
  • Responsible for all internal and regulatory reporting including Outstanding trades, Credit utilization, and Derivative reporting in accordance to Dodd Frank Title VII.
  • Monitor and validate collateral calls in accordance with client and upstream ISDA agreements.
  • Ensure compliance with Treasury Risk Guidelines related to counterparty, currency, and other relevant risk limits.
  • Responsible for all credit and risk breaches and obtain all necessary approvals.
  • Initiate continuous process improvement and document back office procedures
  • Responsible for customer reporting including mark to market, rebate, and other relevant customer reports.
  • Document, communicate, and enforce currency requirements
  • Responsible for training and coaching FX Operations team
  • Serve as the primary resource both internally and externally regarding FX back office functions
  • Act as lead in supporting Global Banking audits

Qualifications

  • At least one year of Foreign exchange, international payments, or financial markets experience.
  • Ability to interact effectively with relationship managers, clients, services partners, and global correspondents.
  • Ability to lead a team by coaching, implementing process improvements, and handling escalations internally and externally

Preferred Qualifications

  • Bachelor's degree in Finance, Accounting, or related experience
  • Knowledge of ISDA and Dodd Frank regulations

Equity, Diversity, & Inclusion:

FNBO is committed to belonging, inclusion, diversity and equity. We are committed to intentionally and proactively creating pathways to success for historically underrepresented populations. To accomplish this,  we foster a culture of belonging and inclusion so that every employee is valued, and has opportunity and the ability to make an impact.  FNBO strives to reflect the diversity of the communities we serve in the makeup of our workforce.

See the full FNBO Equity, Diversity, & Inclusion Statement here

All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.

Click here to download 'EEO is The Law' Self-Print Poster

Click here to download 'EEO is The Law' Supplement for Federal Contractors

Click here to download 'EEO is The Law' GINA Supplement

Job ID: 9163

Posted 28 days ago

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