Who we are looking for
An experienced individual for our Markets Operations – Foreign Exchange Confirmations & Settlements team responsible for trade confirmation and settlement in line with market deadlines and internal SLAs. The individual should possess extensive knowledge and experience on securities, settlements, claims, rates, products, and related financial attributes. Will require to work closely with Business teams, Functional teams, Business Risk, Compliance and Technology teams on day-to-day basis to ensure seamless BAU.
Why this role is important to us
The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.
With our FX solutions, investors can access a wide range of markets and jurisdictions using our decision-making and strategy planning tools, diverse funding options and trading strategies. We deliver sophisticated avenues to tap into new sources of liquidity, capitalize on market opportunity and transact efficiently in any market environment. We have a range of solutions from various high- to low-touch principal execution methods, and outsourced agency hedging and execution solutions through our currency management offering.
What you will be responsible for
As Senior Associate you will
Ensuring timely settlement of cash flows and Investigation and resolution of fails
Validate and confirm FX trades (spot, forward, swap, NDFs, options) with counterparties in a timely manner.
Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs.
Send and match trade confirmations using platforms such as SWIFT, email, or third-party systems (Misys,FXall, GTSS, BBG and CLS, LCH).
Perform FX Netting Via email/Call or vendor platforms/ third-party systems (Misys,FXall, GTSS).
Monitor unmatched or disputed trades and resolve discrepancies.
Liaise with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle.
Communicate effectively with counterparties and custodians to ensure timely resolution of issues.
Maintain up-to-date records of confirmations and settlements.
Ensure settlement of FX trades on value date by liaising with counterparties, custodians, and internal teams.
Monitor nostro accounts to ensure funding and settlement accuracy.
Support audits and ensure adherence to operational risk and compliance policies.
Partner in process improvement, project management or technology development and testing across multiple teams and/or divisions
Support applicable Change the Bank and Run the Bank Projects impacting the team, from inception, providing SME support, testing and monitoring into Production
What we value
These skills will help you succeed in this role
Risk mitigation, problem solving, and decision-making skills
Ability to think critically and resolve complex problems
Drive automation initiatives to improve operational efficiency
Stay updated on industry regulations and best practices related to FX Confirmation and Settlement operations.
What You'll Bring to the Role
Front-to-back knowledge of the FX Confirmation and settlement processes, systems, markets and instruments
Hands on experience in managing Interbank, Corporate, CLS, CLS_NET settlements
Working knowledge in Settlement/Payment department &…