FX Confirmations & Settlements - Assistance Vice President
On-siteHyderabad, Telangana, India or Mumbai, Maharashtra, India
Job Summary
Manage the end-to-end FX confirmation and settlement process in line with market deadlines and internal SLAs, liaising with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle. Lead the transformation initiative to deliver a global standardized operating model supported by new technology infrastructure, driving initiatives like ISO 20022 and TD+1 while ensuring timely and accurate delivery of cash and securities with minimal operating losses. Partner with Technology to remove manual touchpoints, support Change and Run the Bank projects from inception through production, and maintain strong governance to monitor BAU metrics and resolve issues. Ensure vendor oversight, adhere to regulatory changes, and support audits to maintain a robust risk and control culture.
Required Qualifications
- 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 & understand payment life cycle
- Familiarity with systems such as ION, GTSS, Bloomberg, FXALL, SWIFT and Misys
- 15+ years of experience in Financial Services industry
- Strong 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, Settlement operations
- Good Communication Skills both written and oral
- Knowledge on Macros, SQL & MS Access Database queries
- Certification on NCFM / CISI (Chartered Institute for Securities & Investment)
- US Shift - 7PM to 4AM IST (Non-Negotiable)
- Location : Mumbai /Hyderabad /Bangalore
- 4 days Work from Office
- 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
- Knowledge of Global Markets, custody, cash management and payment systems
- 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 the transformation lead for Markets Operations to deliver a best-in-class E2E workflow solution, removing manual touchpoints and increasing STP
- Accountable for a strong governance to monitor and track BAU metrics, using data to identify issues to resolve and opportunities for improvement
- 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
Desired Qualifications
- Education & Preferred Qualifications 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
- Knowledge of Global Markets, custody, cash management and payment systems
- Good Communication Skills both written and oral
- 15+ years of experience in Financial Services industry
- Additional requirements: Certification on NCFM / CISI (Chartered Institute for Securities & Investment)
- Knowledge on Macros, SQL & MS Access Database queries
- If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit
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