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Trade Support Associate - FX Settlements

City of London Temporary £198 - £242 per day View Job Description
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.
  • FX Processing role within Global Banking Corporation
  • 9 month contract with view to extend

About Our Client

Our client is a Global Banking Corporation which has a huge market presence in London.

Job 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.

The Successful Applicant

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

What's on 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
Contact
Simon East
Quote job ref
JN-072025-6779641
Phone number
+44 207 645 1419

Job summary

Job function
Banking & Financial Services
Subsector
Operations / Middle Office - Banking / Securities
Sector
Financial Services
Location
City of London
Contract type
Temporary
Consultant name
Simon East
Consultant phone
+44 207 645 1419
Job reference
JN-072025-6779641