FX Settlements Associate

Position SummaryWe are seeking an experienced FX Operations & Settlements Specialist to support the end-to-end settlement, payment processing, exception management, and reconciliation of Foreign Exchange transactions. This role will focus primarily on Spot FX, FX Forwards, FX Swaps, NDFs, NDS, and related cash movements. You will play a key role within Derivative Operations, ensuring trades, settlement instructions, payments, confirmations, and cash breaks are processed accurately and on time while meeting internal controls, market deadlines, and counterparty requirements.Key ResponsibilitiesValidate, process, and settle FX transactions, including Spot FX, FX Forwards, FX Swaps, NDFs, NDS, and related cash flowsManage daily settlement activities, including payment release, receipt monitoring, netting, CLS and non-CLS settlements, maturities, and value date processingMonitor trade bookings, confirmations, settlement and payment queues, and exception reportsInvestigate discrepancies and drive settlement breaks through resolutionReconcile FX activity and cash movements across internal systems, correspondent banks, custodians, brokers, clearing utilities, and counterpartiesMonitor CLS and non-CLS activity and resolve unmatched trades or payment issues ahead of market and currency cut-off deadlinesInvestigate failed settlements, payment rejections, cash breaks, claims, and fail-to-receive/fail-to-pay itemsPartner with Front Office, Middle Office, Treasury, Finance, Technology, Compliance, and external counterparties to resolve issuesProduce daily and weekly reporting on failed settlements, aged breaks, exposures, and delayed paymentsEscalate high-risk exposures, disputed claims, unresolved settlement issues, and potential payment delays as appropriateSupport audit, regulatory, controls testing, and management reporting requirementsIdentify opportunities to improve settlement workflows, strengthen controls, reduce manual intervention, and increase straight-through processingQualificationsExperience in Foreign Exchange operations, settlements, trade support, treasury operations, or middle office within a financial services environmentStrong understanding of the FX trade lifecycle, including trade capture, confirmations, settlements, payments, netting, value dates, maturities, amendments, and cancellationsFamiliarity with platforms and utilities such as SWIFT, CLS, Bloomberg, FXall, 360T, Alert, Misys/Finastra, Murex, and correspondent banking systemsStrong understanding of settlement risk, operational controls, and exception managementAbility to manage high-volume activity and strict currency cut-off deadlines in a fast-paced trading environmentStrong analytical, problem-solving, and communication skillsProficiency in Excel and experience working with financial systems, reconciliation tools, and payment platformsAbility to collaborate effectively across Operations, Front Office, Middle Office, Treasury, Technology, and external counterpartiesInterest in expanding knowledge across multiple asset classes