Vice President - FX Settlements

Phaxis; New York (NY); Sur place; USD 140 000 - 170 000; Plein temps

Résumé du poste

Phaxis is seeking a Vice President of Settlements to lead the Settlements team within the Derivative Operations group. The role focuses on overseeing daily settlement functions for global derivatives and FX activity, requiring deep knowledge of derivative and FX settlement processes and strong leadership.

The successful candidate will drive risk mitigation, regulate settlements through industry-standard platforms, and spearhead continuous improvement initiatives, including system enhancements

Qualifications

• Bachelor's degree in Finance, Business, Economics, or related discipline.
• 8+ years in financial services with a minimum of 3 years in Derivatives or FX Settlements leadership roles.
• Strong understanding of derivatives (OTC and listed) and foreign exchange instruments.

Responsabilités

• Lead a Settlements team to ensure timely and accurate settlement of derivative and FX cashflows.
• Oversee pre-settlement payment affirmations, post-settlement investigations, and compensation claim processing.
• Drive a strong risk mitigation framework, proactively identifying and escalating breaks and exposure risks.
• Utilize and oversee a variety of industry-standard platforms (e.g., SWIFT) and internal proprietary systems.
• Identify, recommend, and implement operational improvements to enhance scalability, accuracy, and efficiency.
• Participate in technology initiatives and system enhancements, including UAT and project testing.

Connaissances

Leadership

Derivatives

FX settlements

Risk management

Process improvement

SWIFT

Formation

Bachelor's degree in Finance, Business, Economics, or related discipline

Outils

SWIFT

Description du poste

Investment banking client is seeking a Vice President of Settlements to lead the Settlements team within their Derivative Operations group. This role will be responsible for overseeing the daily settlement functions supporting the global derivatives trading activity. The ideal candidate will bring deep knowledge of derivatives and FX settlement processes, strong leadership capabilities, and a continuous improvement mindset.

Responsibilities

Lead a high-performing Settlements team to ensure timely and accurate settlement of derivative and foreign exchange (FX) cashflows. Oversee pre-settlement payment affirmations, post-settlement investigations, and compensation claim processing. Drive a strong risk mitigation framework, proactively identifying and escalating breaks and exposure risks. Utilize and oversee a variety of industry-standard platforms (e.G., SWIFT) and internal proprietary systems. Identify, recommend, and implement operational improvements to enhance scalability, accuracy, and efficiency. Participate in technology initiatives and system enhancements, including UAT and project testing.

Qualifications

Bachelor's degree in Finance, Business, Economics, or related discipline required. 8+ years of experience in financial services, with a minimum of 3 years in Derivatives or FX Settlements leadership roles. Strong understanding of derivatives (OTC and listed) and foreign exchange instruments.

Base Salary - $140, 000-$170, 000 depending on experience