Trade Support Associate – FX Processing
Canary Wharf
Contract
Hybrid (2/3 split)
£220 per day
cer Financial are working alongside an international bank who are based in Canary Wharf. They are seeking a Trade Support Associate to work with them on a permanent basis.
The responsibilities of a Trade Support Associate will include:
- Day-to-day processing of the FX transactions within the wider Derivative Operations team.
- Ensure timely trade processing of FX transactions from Front Office trade capture systems to the respective accounting and payment system and General Ledger.
- Ensure all payments are entered in time to meet respective deadlines.
- Ensure all accounting entries (DDA and General Ledger) have been processed correctly.
- Ensure trades are verified to respective external sources prior to processing.
- Ensure all downstream system links are actively monitored intra-day and end day.
- Ensure confirmation matching process has been completed in a timely manner with resolution of discrepancies.
- Ensure reconciliation breaks on Nostros are proactively followed up and resolved.
- Ensure daily / weekly and monthly functions are completed to an accurate level in a timely manner.
- Timely escalation of issues with documentation where necessary and follow through to resolution.
- Develop relationships with Front Office to promote quality service.
- Proactively improve processes via 3 "E"S.
- Ensure Desktop procedures and checklists are actively maintained and updated.
- Perform and document User Acceptance Testing as part of new system upgrades
The successful Trade Support Associate will have:
- Understanding of FX settlements business.
- Understanding of confirmation matching processes both within the Bank and the wider Market standards.
- Understanding of CLS settlements and importance of timely confirm matching.
- Understanding of MX and MT payment formatting requirements including review of annual SWIFT standards updates.
- Understanding underlying documentation such as ISDA, DRV and FBF, including an awareness of Regulatory Reporting requirements