FX Settlements & Operations Manager

MonFX Pte Ltd.; Singapore; On-site; SGD 120,000 - 170,000; Full time

Job summary

MonFX Pte Ltd. is seeking an Operations Manager in Singapore to lead the day-to-day Operations and Settlements team, ensuring efficient FX settlements, regulatory compliance, and strong client service.

The role focuses on payments, reconciliations, liquidity management, and collaboration with clients, banks, and brokers to optimize settlement processes and risk controls in a regulated environment.

Qualifications

• Bachelor’s degree or equivalent qualification.
• Experience in regulated financial services.
• Proven track record supervising a team.
• Strong knowledge of FX, payments, and derivatives.
• Understanding of regulatory landscapes in banking.
• Experience with SWIFT and international payments.
• Ability to implement system enhancements.
• Experience with liquidity management.

Responsibilities

• Manage day-to-day activities of the MonFX Operations and Settlements team.
• Provide guidance for Monex Group Operations where necessary.
• Liaise with Clients, Brokers and Banks to facilitate settlement of FX transactions and cash flows.
• Oversee account reconciliation, remediation and liquidity management.
• Ensure all payment error investigations and resolutions are completed daily.
• Manage client rolls or drawn downs for FX contracts.
• Manage daily swaps to maintain liquidity in all currencies.
• Adhere to compliance processes and operational manuals.
• Ensure the institution's policies and procedures are followed according to established guidelines.
• Oversee preparation of monthly account financial reconciliation reports.
• Perform daily OTC derivatives reporting.
• Provide solutions for client disputes and follow through accordingly.
• Create strategies with senior management and develop policies aligned to their strategies.
• Identify critical factors, evaluate options, establish priorities and anticipate outcomes to support informed decision making.
• Execute and oversee MAS regulatory submissions with care and precision.
• Play a key role in establishing and strengthening local banking relationships.
• Build relationships and onboard new Liquidity Partners, Counterparty banks.
• Perform risk-based capital computations for FX derivatives products on behalf of Group Risk & Treasury.
• Provide guidance to MonFX’s front office on liquidity, margin and capital requirements for FX derivatives products.
• Develop and implement new processes to support emerging/new FX Client product offerings.

Skills

Regulatory compliance knowledge

FX markets knowledge

Payments and settlement experience

Leadership / supervising a team

Risk management

Banking relationships

Financial reporting

Analytical thinking

Education

Bachelor’s degree or equivalent qualification

Job description

MonFX Pte Ltd. is seeking an Operations Manager in Singapore to lead the day-to-day Operations and Settlements team, ensuring efficient FX settlements, regulatory compliance, and strong client service.

The role focuses on payments, reconciliations, liquidity management, and collaboration with clients, banks, and brokers to optimize settlement processes and risk controls in a regulated environment.