FX Confirmations & Settlements, Manager

State Street; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

4-day work from office

Job summary

State Street is seeking an experienced professional for Markets Operations – Foreign Exchange Confirmations & Settlements in Mumbai/Hyderabad. Role emphasizes end-to-end FX confirmation, settlement, and driving a global operating model transformation with new technology infrastructure.

You will collaborate with front office, compliance, finance and IT to ensure BAU with strict SLAs. The ideal candidate has 10+ years in financial services, strong knowledge of FX, settlements, and risk controls,

Qualifications

• Graduate and above preferably in Finance.
• 10+ years of experience in Financial Services industry.
• Knowledge of Global Markets, custody, cash management and payment systems.
• Good communication skills both written and oral.
• Certification on NCFM / CISI and SQL/MS Access knowledge.

Responsibilities

• Manage end-to-end FX confirmation and settlement in line with deadlines and SLAs.
• Liaise with front office, compliance, finance, claims, and IT teams across the trade lifecycle.
• Lead transformation to a global standardized operating model with new tech.
• Participate in ISO 20022, TD+1 and other bank-wide initiatives.
• Deliver timely and accurate cash and securities delivery, minimizing losses.

Skills

FX Confirmation

FX Settlement

Risk mitigation

Automation

SQL

MS Access

Bloomberg

SWIFT

Education

B.Com/BBM/BBA

MBA Finance

M.Com

Tools

ION

GTSS

Bloomberg

FXALL

SWIFT

Job description

Who We Are Looking For

An experienced individual for our Markets Operations – Foreign Exchange Confirmations & Settlements team responsible for trade confirmation and settlement in line with market deadlines and internal SLAs. The individual should possess extensive knowledge and experience on securities, settlements, claims, rates, treasury products, and related financial attributes. Will require to work closely with Business teams, Functional teams, Business Risk, Compliance and Technology teams on day to day basis to ensure seamless BAU.A large element of the role is transformation of the function, from operating model changes to a new technology infrastructure to reduce risk, create efficiency and improve service delivery. The role will need to drive the transformation whilst remaining focused on BAU so as to not compromise on service.

Who We Are Looking For

An experienced individual for our Markets Operations – Foreign Exchange Confirmations & Settlements team responsible for trade confirmation and settlement in line with market deadlines and internal SLAs. The individual should possess extensive knowledge and experience on securities, settlements, claims, rates, treasury products, and related financial attributes. Will require to work closely with Business teams, Functional teams, Business Risk, Compliance and Technology teams on day to day basis to ensure seamless BAU.A large element of the role is transformation of the function, from operating model changes to a new technology infrastructure to reduce risk, create efficiency and improve service delivery. The role will need to drive the transformation whilst remaining focused on BAU so as to not compromise on service.

Why this role is important to us

The team you will be joining plays an important role in the overall success of State Street. 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 opportunities 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

As an Officer you will

• Manage the end-to-end FX confirmation and Settlement process in line with market deadlines and internal SLAs.
• Liaise with front office, compliance, finance, claims, and IT teams to support the full trade lifecycle.
• Lead and drive the transformation initiative to deliver a global standardized operating model supported by new technology infrastructure.
• Responsible for Markets participation in programs such as ISO 20022, TD+1, and other bank wide initiatives.
• Responsible for the timely and accurate delivery of all cash (payments) and securities (collateral and investment) ensuring minimal operating losses for FX businesses.
• Focus on the control environment to drive a strong risk & control culture across the global teams to ensure processes are robust & compliant.
• Partner with Technology and partake in Markets Operations to deliver a best-in-class E2E workflow solution, removing manual touchpoints and increasing STP
• Support applicable Change the Bank and Run the Bank Projects impacting the team, from inception; providing SME support, testing and monitoring into Production.
• Ensure vendor oversight and hold them accountable to high standards of delivery. Stay abreast of all regulatory and market changes and ensure adherence and no impact to service standards as a result of these changes.
• Partner with ERM and compliance colleagues globally to ensure Markets Operations remains disciplined with respect to adherence to resiliency strategy, control assurance etc.
• Support audits and ensure adherence to operational risk and compliance policies.
• High level of personal commitment to each task, can-do attitude, and a drive to deliver.
• Proactive approach to problem solving, delivering results and finding better ways.

What We Value

These skills will help you succeed in this role

• Strong risk mitigation, problem solving, and decision-making skills
• Ability to think critically and resolve complex problems
• Drive automation initiatives to improve operational efficiency
• Stay updated on industry regulations and best practices related to FX Confirmation, Settlement operations.

What You'll Bring To The Role

• Front-to-back knowledge of the FX Confirmation, Settlement, systems, markets and instruments
• Hands-on experience in managing Interbank, Corporate, CLS, CLS_NET settlements
• Working knowledge in Settlement/Payment department & understanding payment life cycle
• Familiarity with systems such as ION, GTSS, Bloomberg, FXALL, SWIFT and Misys

Education & Preferred Qualifications

• Graduate and above preferably in Finance
• B.COM, BBM/BBA. MBA (Finance), M.COM or any degree related to Finance or Commerce
• Good knowledge in Back-office confirmations and settlement
• Knowledge of Global Markets, custody, cash management and payment systems
• Good Communication Skills both written and oral
• 10+ years of experience in Financial Services industry

Additional Requirements

• Certification on NCFM / CISI (Chartered Institute for Securities & Investment)
• Knowledge on Macros, SQL & MS Access Database queries

Process : Foreign Exchange Confirmations & Settlements

Shifts (in IST) : 4pm to1am / 5pm to 2am IST

Location : Hyderabad / Mumbai

Persona : 4day Work from Office

Due to the role requirements this job needs to be performed primarily in the office with some flex work opportunities available.

About State Street

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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Job ID: R-789647