FX Settlement Associate

Phaxis; New York (NY); On-site; USD 75,000 - 110,000; Full time

Job summary

Phaxis in New York is seeking an FX Settlements Analyst to join our investment banking client's derivatives team. The role focuses on supporting daily settlement activity across FX, currency swaps, and rate derivatives in a fast-paced capital markets environment.

You will perform pre- and post-settlement reconciliation, process payments, monitor settlement risk, and maintain settlement instructions across multiple asset classes.

Qualifications

• Experience in cash and derivative settlements is preferred.
• Ability to monitor settlement risk across multiple asset classes.

Responsibilities

• Perform daily pre-settlement reconciliation and trade confirmation
• Monitor and manage settlement risk across FX, swaps, and securities
• Process payment affirmations and maintain settlement instructions
• Resolve pre- and post-settlement breaks and inquiries

Skills

FX settlements

Trade confirmation

Reconciliation

Settlement risk

Payment processing

Job description

Investment banking client is seeking an FX Settlements Analyst to join their derivatives team. The analyst will support daily settlement activity in a fast-paced Capital Markets environment, covering FX, currency swaps, interest rate derivatives, and government securities including U.S. and Canadian Treasuries. This role is responsible for pre- and post-settlement reconciliation, payment processing, and settlement risk monitoring across multiple asset classes. Key Responsibilities

• Perform daily pre-settlement reconciliation and trade confirmation

• Monitor and manage settlement risk across FX, swaps, and securities

• Process payment affirmations and maintain settlement instructions

• Resolve pre- and post-settlement breaks and inquiries