FX Operations, Assistant Manager

Overview

Senior Associate role in State Street Markets Global Treasury, Foreign Exchange Confirmations & Settlements desk, ensuring all trades are matched and instructed within market guidelines.

What you'll do

• Validate and confirm FX trades (spot, forward, swap, NDFs, options) with counterparties in a timely manner.
• Manage the end-to-end FX confirmation and settlement process in line with market deadlines and internal SLAs.
• Send and match trade confirmations using platforms such as SWIFT, email, or third-party systems (Misys, FXall, GTSS, BBG and CLS, LCH).
• Perform FX netting via email/call or vendor platforms/third-party systems (Misys, FXall, GTSS).
• Monitor unmatched or disputed trades and resolve discrepancies.
• Liaise with front office, compliance, finance, and IT teams to support the full trade lifecycle.
• Communicate effectively with counterparties and custodians to ensure timely resolution of issues.
• Maintain up-to-date records of confirmations and settlements.
• Ensure settlement of FX trades on value date by liaising with counterparties, custodians, and internal teams.
• Process payment instructions through SWIFT or internal systems.
• Monitor nostro accounts to ensure funding and settlement accuracy.
• Assist in the preparation of internal reports for management and regulatory bodies.
• Support audits and ensure adherence to operational risk and compliance policies.
• Perform static data set-up and data management.
• Perform investigation and resolve trade details/settlement discrepancies/breaks and related outstanding issues in a timely manner.
• Escalate unresolved issues to appropriate stakeholders.
• Perform investigation and resolve non-receipts/non-pay issues.
• Stay updated on industry regulations and best practices related to FX confirmation and settlement operations.
• Responsible for KRI/operating metrics reporting and other overarching team related responsibilities.
• Take a leadership role in broader based projects as a subject matter expert.
• Drive automation and STP initiatives to improve operational efficiency.
• Solve complex inquiries and complete due diligence activities for client requests.
• Provide detailed analysis of escalated issues when necessary and recommend actions for resolution.
• Coordinate with internal and external clients to assess service quality and identify areas for improvement.
• Work directly with the business and other Global Treasury stakeholders to provide information and/or operational solutions as needed.

What you'll need

• Good knowledge of back office/trade lifecycle confirmations and settlement.
• A strong understanding of the SWIFT network, including message types, standards, and operational procedures.
• Knowledge of Global Markets Treasury, Custody, Cash management and Payment systems.
• Consistently demonstrates clear and concise written and verbal communication skills.

Nice to have

• MBA or equivalent.
• People management experience.

Details

• Location: Hyderabad, India.
• Shift (IST): US shift, 7PM to 4AM IST.
• Position: Senior Associate.