FX Settlements Analyst

Barclays•Hanover, NJ

16d•$64,000 - $87,000

About The Position

Embark on a transformative journey as an FX Settlements Analyst. At Barclays, our vision is clear - to redefine the future of banking and help craft innovative solutions. As an FX Settlements Analyst at Barclays, you will manage the daily settlement process for FX and Non-Deliverable Forward (NDF) transactions, ensuring accuracy and timely delivery. The role involves working closely with internal and external clients, resolving issues promptly, and improving processes to enhance efficiency and Straight-Through Processing (STP). You will maintain risk and control standards, including reconciliations and netting functions, while supporting system and process changes that strengthen resilience. Additionally, you will contribute to revenue growth by delivering consistent, high-quality service and take responsibility for your own development, with potential leadership responsibilities.

Requirements

Experience working within an FX settlements team
Knowledge and practical experience with both FX Cash and Non-Deliverable Forward (NDF) products
Ability to exercise sound judgment on critical issues and reprioritize tasks effectively
Proven capability to work independently in a fast-paced environment
Ample experience in reconciliations and break management

Nice To Haves

Experience managing FX and NDF transactions with institutional external counterparties
Familiarity with inbound and outbound migrations or platform upgrades
Background in process re-engineering and driving efficiency improvements

Responsibilities

Support business areas with day-to-day initiatives including processing, reviewing, reporting, trading, and issue resolution.
Collaboration with teams across the bank to align and integrate operational processes.
Identification of areas for improvement and providing recommendations in operational processes.
Development and implementation of operational procedures and controls to mitigate risks and maintain operational efficiency.
Development of reports and presentations on operational performance and communicate findings to internal senior stakeholders.
Identification of industry trends and developments to implement best practice in banking operations.
Participation in projects and initiatives to improve operational efficiency and effectiveness.
To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
Partner with other functions and business areas.
Takes responsibility for end results of a team's operational processing and activities.
Escalate breaches of policies / procedure appropriately.
Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
Advise and influence decision making within own area of expertise.
Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to.
Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
Make evaluative judgements based on the analysis of factual information, paying attention to detail.
Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
Guide and persuade team members and communicate complex / sensitive information.
Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

Benefits

Barclays employees are eligible for a suite of competitive and generous employee benefits, including medical, dental and vision coverage, 401(k), life insurance, and other paid leave for qualifying circumstances.
This position is eligible for an incentive award.

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