FX processing operations - CER Financial - eFinancialCareers : Job Details

FX processing operations

Canary Wharf

Hybrid (3/2 split)

Contract

£220 per day (PAYE)

cer Financial are working alongside an international bank, who are based in the Canary Wharf. They are seeking an FX Processing operations specialist to work with them on a contract.

The responsibilities of an FX processor will include:

• • 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 FX processor will 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