State Street
FXConfirmations&Settlements,Manager
Neural analysis suggests this role is
optimal for Senior candidates.
“FX Confirmations & Settlements, Manager at State Street. Skills: FX Confirmation, Settlement, process management, cross-functional coordination, vendor/stakeholder management, operational metrics, resource planning, continuous improvement, transformation initiative, global standardized operating model, new technology infrastructure. 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,”
What You'll Achieve.
reduce risk; create efficiency; improve service delivery; deliver a global standardized operating model supported by new technology infrastructure; timely and accurate delivery of all cash (payments) and securities (collateral and investment) ensuring minimal operating losses for FX businesses; processes are robust & compliant; best-in-class E2E workflow solution, removing manual touchpoints and increasing STP
Industry & Context.
risk mitigation; problem solving; decision-making skills; Ability to think critically and resolve complex problems; Proactive approach to problem solving
What They're Looking For.
Must Have
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, Graduate and above preferably in Finance, B. COM, BBMBA. MBA (Finance), M. COM or any degree related to Finance or Commerce, Good knowledge in Back-office confirmations and settlement, Knowledge of Global Markets, custody, cash management and payment systems, 10+ years of experience in Financial Services industry
Nice to Have
Certification on NCFM / CISI (Chartered Institute for Securities & Investment), Knowledge on Macros, SQL & MS Access Database queries
What You'll Do.
Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs.
Liaise with front office
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
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 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 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.
How You'll Work.
Team & Collaboration
work closely with Business teams, Functional teams, Business Risk, Compliance and Technology teams on day to day basis; Liaise with front office, compliance, finance, claims, and IT teams; Partner with Technology and partake in Markets Operations; Partner with ERM and compliance colleagues globally
Communication Scope
Good Communication Skills both written and oral
Process & Methodology
Drive automation initiatives to improve operational efficiency, Support applicable Change the Bank and Run the Bank Projects impacting the team
Full Job Description
**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, treasury 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.A large element of the role is transformation of the function, from operating model changes to a new technology infrastructure to reduce risk, create efficiency and improve service delivery. The role will need to drive the transformation whilst remaining focused on BAU so as to not compromise on service. **Why this role is important to us** The team you will be joining plays an important role in the overall success of State Street. 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 o
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