FX Operations, Assistant Manager

Who we are looking for

Will be a part of State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements desk, ensuring all trades are matched and instructed within market guidelines. He/She will be expected to engage and communicate daily with:

• SSGM FX Trading, Onboarding, Static, & Middle Office units.

• Counterparties, GTCB Cash Processing and Investigations teams

Process : State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements

Position : Senior Associate

Shifts (in IST) : US Shift - 7PM to 4AM IST

Location : Hyderabd

Why this role is important to us

The team you will be joining is a part of State Street Markets. As a leading provider of trading and lending solutions to the world’s institutional investors, we deliver the industry’s most innovative platforms, financing and portfolio solutions. Our capabilities are backed by proprietary, high-value research, insights and indicators that power clients’ investment decisions, accelerate performance and help investors stay ahead of shifting markets. Across our comprehensive set of solutions – data-driven macro market intelligence that give an information advantage; client-first platforms and tools that redefine trading; financing solutions that streamline liquidity access; and portfolio solutions designed to help achieve peak performance – we deliver a breakthrough edge to drive business success.

With our FX solutions, investors can access a wide range of markets and jurisdictions using our decision-making and strategy planning tools, diverse funding options and trading strategies. We deliver sophisticated avenues to tap into new sources of liquidity, capitalize on market opportunity and transact efficiently in any market environment. We have a range of solutions from various high- to low-touch principal execution methods, and outsourced agency hedging and execution solutions through our currency management offering.

What you will be responsible for

• Validate and confirm FX trades (spot, forward, swap, NDFs, options) with counterparties in a timely manner.

• Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs.

• Send and match trade confirmations using platforms such as SWIFT, email, or third-party systems (Misys, FXall, GTSS, BBG and CLS, LCH).

• Perform FX Netting Via email/Call or vendor platforms/ third-party systems (Misys, FXall, GTSS).

• Monitor unmatched or disputed trades and resolve discrepancies.

• Liaise with front office, compliance, finance, and IT teams to support the full trade lifecycle.

• Communicate effectively with counterparties and custodians to ensure timely resolution of issues.

• Maintain up-to-date records of confirmations and settlements.

• A strong understanding of the SWIFT network, including messages types, standards, and operational procedures.

• Ensure settlement of FX trades on value date by liaising with counterparties, custodians, and internal teams.

• Process payment instructions through SWIFT or internal systems.

• Monitor nostro accounts to ensure funding and settlement accuracy.

• Assist in the preparation of internal reports for management and regulatory bodies.

• Support audits and ensure adherence to operational risk and compliance policies.

• Perform static data set-up and data management

Reconciliation and Investigations

• Perform investigation and resolve in trade details/settlement discrepancies/ breaks and related outstanding issues in a timely manner.

• Escalate unresolved issues to appropriate stakeholders.

• Perform investigation and resolve non-receipts/ non-pay issues.

What we value

These skills will help you succeed in this role

• Stay updated on industry regulations and best practices related to FX Confirmation and Settlement operations.

• Responsible for KRI/Operating Metrics reporting and other overarching team related responsibilities.

• Take a leadership role in broader based projects as a subject matter expert.

• Drive automation and STP initiatives to improve operational efficiency.

• Solve complex inquiries and complete due diligence activities for client request.

• Provide detailed analysis of escalated issues when necessary and recommend actions for resolution.

• Coordinate with internal and external clients to assess service quality and identify areas for improvement.

• Work directly with the business and other Global Treasury stakeholders to provide information and/or operational solutions as needed.

Education & Preferred Qualifications

• MBA or equivalent.

• Good knowledge in Back office/Trade Life Cycle confirmations and settlement.

• Knowledge of Global Markets Treasury, Custody, Cash management and Payment systems.

• Consistently demonstrates clear and concise written and verbal communication skills.

• People management experience.

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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