FX Settlements Associate · White Plains, NY · $78,000–$125,000 base · Hybrid

Our client, a global bank, is hiring an FX Settlements Associate to own settlement, payments, exception management and reconciliation across its foreign exchange business.

Responsibilities

1. Run the daily settlement cycle: releasing payments, monitoring receipts, netting, CLS and non-CLS flows, maturities and value dates.
2. Settle spot, forward, swap, NDF and NDS trades and their cash flows, from validation through final payment.
3. Work settlement and payment queues and exception reports, and chase breaks and unmatched trades to closure ahead of market and currency cut-offs.
4. Reconcile FX activity and cash against counterparties, brokers, custodians, correspondent banks, clearing utilities and internal systems so books and records stay accurate.
5. Investigate fails to pay and receive, cash breaks, rejected payments and claims, give the Front Office analysis to act on, and escalate disputed or high-risk items to Operations management and the Front Office.
6. Work with Treasury, Finance, Compliance, Technology, the Front and Middle Offices and outside counterparties to fix failed settlements and reduce repeat breaks.
7. Report daily and weekly to management on fails, aged breaks, delayed payments and high-risk exposures, and keep records ready for audit, regulatory and controls-testing requests.
8. Improve FX settlement workflows and controls, cutting manual work and raising straight-through processing.

Requirements

1. A solid grasp of the FX trade lifecycle, from trade capture and confirmations through netting, payments, amendments, cancellations, value dates and maturities.
2. Experience in FX settlements or operations, trade support, middle office or treasury operations, ideally at an asset manager, broker-dealer, bank or similar financial institution.
3. A control mindset: spotting settlement risk, escalating appropriately and seeing exceptions through.
4. Comfort juggling deadlines, currency cut-offs and heavy settlement volume in a fast-moving trading environment.
5. Clear communication with Operations, the Front and Middle Offices, Treasury, Technology and outside counterparties.
6. Strong Excel skills and ease moving between financial, reconciliation, payment and reporting systems.
7. Pluses: exposure to Murex, Misys/Finastra, SWIFT, CLS, FXall, 360T, Alert, Bloomberg or correspondent banking systems; knowledge of US Treasury settlements; curiosity about other asset classes.

Why this firm

This is a growth seat on a small, expanding team, suited to someone who wants to build toward a manager-level role over time.

Hybrid. Visa sponsorship is not available.

The annual base salary range is $78,000 to $125,000. Actual compensation offered to the successful candidate may vary from posted hiring range based upon geographic location, work experience, education, and/or skill level, among other things. Details about eligibility for bonus compensation (if applicable) will be finalized at the time of offer.