Banking Specialist - Forex and Money Market

Avaloq Group; Bioggio; Hybrid; CHF 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Flexible hours

Job summary

Avaloq Group is seeking a Banking Specialist for Forex and Money Market to join our FX-MM team in a hybrid setup. You will handle booking, monitoring, and settlement of FX, precious metals, and money market instruments, while coordinating with trading desks and banks.

We value at least 3 years of experience, strong organizational skills, and proficiency in English and Italian. German and French knowledge is a plus; flexible working arrangements are offered to support work-life balance.

Qualifications

• Minimum 3 years of experience in FX-MM field.
• Organized, structured and a team player.
• Fluent in English and Italian.

Responsibilities

• Book Forex, Precious Metals Unallocated and Money Market market orders (FX-MM).
• Monitor pending orders and resolve issues across market participants.
• Settle bookings within market cut offs; real-time communication with Trading Desk, counterparties and banks.
• Fund, monitor and report cash balances for client banks; liaise with Treasury Desk and banks.
• Test releases and assess impact; drive ongoing KPI improvements with technical teams.

Skills

FX-MM processing

Settlement coordination

Cash management

English proficiency

Italian proficiency

Job description

Banking Specialist - Forex and Money Market

• Full-time

Founded and headquartered in Switzerland, Avaloq is continuously expanding its global footprint with around 2,500 colleagues in 12 countries, and more than 170 clients in 35 countries. We are an industry-leading provider of wealth management technology and services for financial institutions around the world, including private banks and wealth managers, investment managers, as well as retail and neo banks. Our research led approach and continual innovation is powered by the passion and creativity of our colleagues. We are always looking for talented people to join us on our mission to orchestrate the financial ecosystem and democratize access to wealth management. Avaloq offers the opportunity to work closely with some of the world’s leading financial institutions as we jointly develop and shape careers. Championing a collaborative, supportive and flexible work environment empowers our colleagues to reach their full potential.

The FX-MM & Cash Management team is responsible for the processing and settlement of Forex, Precious Metals Unallocated and Money Market financial instruments plus Cash Management.

Your key tasks

• FX-MM Processing: Booking of Forex, Precious Metals Unallocated and MM market orders.
• FX-MM Controlling: Monitoring of pending orders in the market for FX deals Currencies and Precious metals (Spot, Forward, Swaps, Precious Metals), Money Markets and Fiduciaries. Issues resolution, communication with different market players.
• FX-MM Settlement: Settlement of the bookings within market cut offs in order to manage the risk involved Real time communication with our clients (Trading Desk), market counterparties and correspondent banks.
• Cash Management: Funding, Monitoring, and reporting of cash balance for the client banks; Real time communication with Treasury Desk and correspondent banks.
• Testing and Enhancement: Perform testing of new releases and impact on activity, service tickets. Ongoing enhancement on the STP rate, analysis on the ongoing KPIs in order to continuously improve the service in collaboration with our dedicated technical expert teams.

• Minimum 3 years of experience in this field
• Organized/structured and team-player
• Eager to learn
• Full professional proficiency in English and Italian

It would be a real bonus if you have

• You are client-focused and pay attention to details
• You are adaptable and flexible
• Knowledge of German and French

We realize that managing work life balance is a challenge we all face in our daily lives and in order to support with this we are pleased to offer hybrid and flexible working for most of our Avaloqers to maintain work life balance and still continue our fantastic Avaloq culture in our global offices.

In Avaloq we are proud to embrace diversity and understand the success of our business is built on the power of different opinions, we are whole heartedly committed to fostering an equal opportunity environment and inclusive culture where you can be your true authentic self.

We hire, compensate and promote regardless of origin, age, gender identity, sexual orientation or any other fantastic traits that make us all unique, we have done our best to write this advert in an inclusive and neutral way.

Please be aware that we will not accept speculative CV submissions for any of our roles from recruitment agencies, and any unsolicited candidate submissions will be exempt from any payment expectations.

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