FX Operations Manager

City National Bank of Florida • Miami, FL

1d

About The Position

The FX Operations Manager is responsible for the end‑to‑end management of Foreign Exchange (FX) middle‑ and back‑office operations. This role oversees the full FX trade lifecycle—from trade capture and confirmation through settlement, reconciliation, and control governance—while ensuring a robust risk and compliance environment.

Requirements

• 7–10+ years of FX operations experience, including middle and back office responsibilities.
• Demonstrated expertise in FX trade lifecycle processes, settlement mechanics, and operational controls.
• Experience managing operational teams in a financial institution.
• Strong understanding of U.S. regulatory frameworks applicable to FX businesses.
• Clear and concise communication skills, with the ability to interact at senior levels.

Responsibilities

• Oversee the complete FX trade lifecycle, including trade capture, validation, confirmation, settlements, reconciliation, and exception management.
• Support and manage operations across FX spot, forwards, swaps, NDFs, options, and structured products.
• Ensure trades are processed accurately and on time across internal and external systems.
• Maintain service-level–driven workflows with measurable KPIs and operational tracking.
• Manage trade enrichment, validation, and control checks.
• Support P&L reporting, exposure monitoring, and daily position controls.
• Oversee counterparty risk, settlement risk, and operational break management.
• Partner with Front Office as a trusted advisor while maintaining independence and escalation authority.
• Direct the FX settlements function, including nostro account management, payment processing, cash management, and regulatory reporting.
• Oversee relationships with custodians, correspondent banks, settlement service providers, and CLS (if applicable).
• Minimize settlement failures and ensure timely issue resolution.
• Design, implement, and maintain a comprehensive operational risk framework aligned with regulatory expectations (e.g., OCC, Fed, AML/KYC, sanctions).
• Partner with Risk and Compliance on issue identification, audits, regulatory examinations, and remediation efforts.
• Own incident management, root cause analysis, and the implementation of corrective actions.
• Lead the build out or modernization of FX operational processes, including workflow re engineering and automation.
• Partner with Technology on system architecture, APIs, platform integration, and STP enhancements.
• Identify inefficiencies and champion digital tools, workflow optimization, and data driven decision making.
• Support onboarding and maintenance of FX systems (e.g., FXALL, Misys, GTSS, Bloomberg CMS, CLS, Omgeo/Alert).
• Manage, mentor, and develop a high performing FX operations team.
• Serve as the senior escalation point for internal and external counterparties.
• Provide executive level reporting on operational health, risks, trends, capacity, and readiness.
• Build strong cross functional partnerships across Treasury, Markets, Middle Office, Finance, Legal, Compliance, Technology, and Risk.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager