Manager, FX Confirmations & Settlements

🕒 May 6

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State Street

WebsiteLinkedInAll Job Openings

10,000+ employees

💸 Finance

💳 Fintech

🏦 Banking

Finance • Fintech • Banking

State Street is a leading financial services provider that specializes in investment management and servicing solutions. With a global presence, State Street offers a wide range of services including asset management, custodial services, and investment research to help institutional investors meet their financial objectives. The company is committed to advancing the financial sector with innovative strategies and insights that drive efficiency and performance.

📋 Description

• Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs. • Liaise with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle. • Lead and drive the transformation initiative to deliver a global standardized operating model supported by new technology infrastructure. • Responsible for Markets participation in programs such as ISO 20022, TD+1, and other bank wide initiatives. • Responsible for the timely and accurate delivery of all cash (payments) and securities (collateral and investment) ensuring minimal operating losses for FX businesses. • Focus on the control environment to drive a strong risk & control culture across the global teams to ensure processes are robust & compliant. • Partner with Technology and partake in Markets Operations to deliver a best-in-class E2E workflow solution, removing manual touchpoints and increasing STP. • Support applicable Change the Bank and Run the Bank Projects impacting the team, from inception; providing SME support, testing and monitoring into Production. • Ensure vendor oversight and hold them accountable to high standards of delivery. • Stay abreast of all regulatory and market changes and ensure adherence and no impact to service standards as a result of these changes. • Partner with ERM and compliance colleagues globally to ensure Markets Operations remains disciplined with respect to adherence to resiliency strategy, control assurance etc. • Support audits and ensure adherence to operational risk and compliance policies. • High level of personal commitment to each task, can-do attitude, and a drive to deliver. • Proactive approach to problem solving, delivering results and finding better ways.

🎯 Requirements

• 10+ years of experience in Financial Services industry • Front-to-back knowledge of the FX Confirmation, Settlement, systems, markets and instruments • Hands-on experience in managing Interbank, Corporate, CLS, CLS_NET settlements • Working knowledge in Settlement/Payment department & understanding payment life cycle • Familiarity with systems such as ION, GTSS, Bloomberg, FXALL, SWIFT and Misys • Graduate and above preferably in Finance B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce • Good knowledge in Back-office confirmations and settlement • Good Communication Skills both written and oral. • Certification on NCFM / CISI (Chartered Institute for Securities & Investment) • Knowledge on Macros, SQL & MS Access Database queries

🏖️ Benefits

• generous medical care • insurance and savings plans • flexible Work Programs • development programs • educational support