FX Processing Associate

FX Processing Associate

8 Month Contract (Initial)

London

Hybrid Working

The Adecco group is part of Adecco Workforce Solutions (AWS). We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.

We are happy to be recruiting for one of our high-profile banking clients. They are currently looking for a FX Processing Associate to join them for an initial 8 month contract, however there may be scope for extension.

Role Overview:

• Day-to-day processing of the FX transactions within the wider Derivative Operations team.
• Ensure timely trade processing of FX transactions from Front Office trade capture systems to the respective accounting and payment system and General Ledger.
• Control of the confirmation and affirmation processes related to the day-to-day business.
• Provide outsourced services to EMEA offices. Assist the Section manager/Team Leader to implement new processes and procedures and to implement directions from Senior Management.

Role Background:

• To ensure FX transactions are processed in accordance with Head Office rules, regulatory obligations and local procedures.
• To provide support to the Assistant Team Leader of Derivative Operations to deliver key services to our Front Office clients and outsourced locations in EMEA division.
• Liaison with colleagues in the FMD to manage the processing of FX transactions.
• Frequent daily contact required to ensure key processing deadlines are met for significantly sized transactions.

Accountabilities & Responsibilities:

• Ensure all payments are entered in time to meet respective deadlines.
• Ensure all accounting entries (DDA and General Ledger) have been processed correctly.
• Ensure trades are verified to respective external sources prior to processing.
• Ensure all downstream system links are actively monitored intra-day and end day.
• Ensure confirmation matching process has been completed in a timely manner with resolution of discrepancies.
• Ensure reconciliation breaks on Nostros are proactively followed up and resolved.
• Ensure daily/weekly and monthly functions are completed to an accurate level in a timely manner.
• Timely escalation of issues with documentation where necessary and follow through to resolution.
• Develop relationships with Front Office to promote quality service.
• Proactively improve processes via 3 "E"S.
• Ensure Desktop procedures and checklists are actively maintained and updated.
• Perform and document User Acceptance Testing as part of new system upgrades.

Knowledge, Skills & Experience:

• Understanding of FX settlements business.
• Understanding of confirmation matching processes both within the Bank and the wider Market standards.
• Understanding of CLS settlements and importance of timely confirm matching.
• Understanding of MX and MT payment formatting requirements including review of annual SWIFT standards updates.
• Understanding underlying documentation such as ISDA, DRV and FBF, including an awareness of Regulatory Reporting requirements

Location:

This is a hybrid working role, with a requirement to work from the clients London office 2-3 days a week.

Working hours:

Standard working hours with some flex where required.

If you feel that this is a role that would suit you then please apply today.

If you do not hear from us within 48 hours of your application, please assume that you have been unsuccessful on this occasion.

The Adecco Group is an equal opportunities company