Operational Specialist

1 month ago


Jersey City, United States HireTalent - Diversity Staffing & Recruiting Firm Full time

Title: Operations Intermediate Specialist – FX Settlements

Location: 1150 Plaza Five Jersey City, New Jersey 07311 (Hybrid role)

Types of position: Contract

Duration: 6 months with Possible extensions


Job Description:


Primary Responsibilities:

Settlement of FX Trades:

  • Ensure timely and accurate settlement of FX trades executed through BBH's FX trading desk on value date.
  • Ensure settlements are conducted per Standard Settlement Instructions (SSI) provided by BBH clients and counterparties.
  • Verify FX transaction instructions to be released on value date.
  • Execute accurate and timely settlements of transactions in the bilateral netting system.


Process Improvement:

  • Seek out and exploit opportunities to improve post-execution processes, including automation or procedural revision.


Monitoring & Response:

  • Monitor SWIFT repair queue and respond as necessary.
  • Monitor and respond to queries in the FX OFAC queue.


Validation:

  • Validate currency settlement instructions for custody, third-party, and inter-bank counterparties.


Escalation:

  • Escalate trade discrepancies to the FX trade initiation and management team when appropriate.

Required Skills & Qualifications:

Education:

  • BS/BA degree.


Experience:

  • 6 to 12 months of experience in FX Operations, Derivatives, or related Financial Services (preferred but not essential).


Technical Skills:

  • Proficiency in MS Office, including MS Word, MS Excel, and MS Access.
  • Familiarity with BBH Core Systems.
  • Understanding of FX trade-related SWIFT messages and fields required for FX transaction confirmation and payments.


The Operations Intermediate Specialist – FX Settlements is responsible for Settlements within Foreign Exchange Services, ensuring that all trades executed with BBH's FX trading desk are settled in a timely and accurate manner on value date.

  • Ensuring timely settlement of FX trades executed through various FX trading desks and platforms
  • Developing knowledge of FX trade-related SWIFT messages and fields required for FX transaction confirmation and payments.
  • Ensuring accurate settlement of FX trades per Standard Settlement Instructions (SSI) provided by BBH clients and counterparties.
  • Verifying FX transaction instructions to be released on value date.
  • Escalating trade discrepancies to FX trade initiation and management team, when appropriate.
  • Seeking out and exploiting opportunities to improve post-execution processes, either through automation or procedural revision.
  • Accurate and timely settlements of transactions in the bilateral netting system.
  • Responsible for monitoring swift repair queue
  • Responsible for monitoring and responding to queries in the FX OFAC queue.
  • Validate currency settlements instructions for custody, third party and inter-bank counterparties.

  • BS/BA degree 6 to 12 months FX Operations, Derivatives or related Financial Services experience preferred but not essential
  • Ability to multi-task and prioritize volume
  • Ability to work independently as well as in a team environment
  • Proactive approach to daily work and ability to handle multiple responsibilities
  • Ability to communicate professionally with others
  • Strong client service skills
  • Strong attention to detail MS Office proficiency required-included MS Word, MS Excel, and MS Access. BBH Core Systems.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender, identity, national origin, disability, or protected veteran status.



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