FX Settlements and Derivatives Operations Officer

Handle the daily processing of foreign exchange (FX) trades as part of the broader Derivative Operations team.

Ensure the prompt and accurate transfer of FX deals from Front Office trade capture platforms into the relevant accounting, settlement, and ledger systems.

Manage the confirmation and affirmation procedures associated with routine FX activity.

Deliver outsourced processing support for EMEA offices. Assist the Section Manager and Team Leader in rolling out new workflows and implementing directives from Senior Management.

Ensure all FX transactions are handled in full compliance with Head Office guidelines, regulatory standards, and local operating procedures.

Support the Assistant Team Leader in delivering essential services to Front Office stakeholders and external processing hubs across the EMEA region.

Act as a key point of contact with colleagues in the Financial Markets Division (FMD) to oversee FX trade processing.

Maintain regular communication throughout the day to ensure strict adherence to processing cut-off times for high-value transactions.

Maintain daily engagement with the Assistant Team Leader of the FX Processing team.

Regularly liaise with the Team Leader overseeing Derivative Operations.

Occasionally interact with the Director responsible for Derivative Operations.

Collaborate with the FMD on the booking and settlement of new FX trades.

Communicate with Relationship Management teams to address client inquiries and operational issues.

Ensure all outgoing payments are processed within the required timeframes.

Confirm that all financial postings, including Demand Deposit Accounts (DDA) and General Ledger entries, are accurate and timely.

Validate trades against external counterparties before final processing.

Monitor all downstream system interfaces throughout the business day and at close of business.

Complete the trade confirmation matching process promptly and resolve any mismatches.

Actively investigate and resolve reconciliation issues on Nostro accounts.

Complete daily, weekly, and monthly control tasks with precision and within designated timelines.

Escalate operational issues promptly, providing the necessary documentation and following through to resolution.

Build and nurture relationships with Front Office staff to ensure high levels of service delivery.

Continuously seek to improve existing processes by applying the principles of Efficiency, Effectiveness, and Error Reduction (the "3 Es").

Maintain and regularly update Desktop procedures and operational checklists.

Participate in User Acceptance Testing (UAT) for system enhancements and document the outcomes.

Solid understanding of FX settlement processes.

Familiarity with trade confirmation matching protocols, both internally and as per industry standards.

Awareness of CLS (Continuous Linked Settlement) processes and the critical role of timely confirmation matching.

Knowledge of MX and MT payment formats, including the ability to interpret annual SWIFT standards updates.

Understanding of key legal agreements such as ISDA, DRV, and FBF, along with an awareness of Regulatory Reporting obligations.