FX Specialist

IDBNY•New York, NY

20h•$90,000 - $105,000•Hybrid

About The Position

Responsible for the processing of FX Spot, Forward, Time Options, Currency Time Deposits and all Currency Option contracts. Ensure timely confirmation and settlement of trades along with preparation of management reports. Client Service support of banks online FX trading Portal.

Requirements

At least 3-5 years experience in FX trade and FX Option processing.
Full knowledge of SWIFT message confirmation and payment types.
Knowledge of Microsoft Word and EXCEL.
Effective Oral and written communication skills.
Ability to work independently with a minimum of supervision.

Nice To Haves

Knowledge of ISO20022 formats a plus
Knowledge of Spectrum system a plus

Responsibilities

Confirm and process FX, Currency Option trades and Currency Time deposits with complete accuracy.
Confirmation and review of Online FX Portal trade activity
Ensure that all trades are confirmed via SWIFT, email or callback as necessary
Setup and maintain Customer data on SPECTRUM including Standard Settlement Instructions.
Monitor Confirmation status on unmatched deals.
Attach payment instructions to each trade.
Generate payment jobs for all SWIFT and CHIPS payments in our systems
Confirm new/ changed customer payment instructions via call back
Interact with traders, other departments, external banks, brokers, and customers.
File documentation
Maintain daily Statistics and logs
Trace unconfirmed forward deals on a timely basis
Assist in training co-workers
Compliance with all policies, procedures and regulations
Investigation of FX breaks and FX payments
Maintaining GAP report