Foreign Exchange Operations Manager

Role Overview

• Manage the complete FX trade lifecycle, including trade capture, validation, confirmation, settlements, reconciliation, and exception management.
• Manage and support operations across FX spot, forwards, swaps, NDFs, options, and structured products.
• Ensure trades are processed accurately and on time across internal and external systems.
• Maintain service‑level–driven workflows with measurable KPIs and operational tracking.
• Oversee trade enrichment, validation, and control checks.
• Support P&L reporting, exposure monitoring, and daily position controls.
• Oversee counterparty risk, settlement risk, and operational break management.
• Partner with Front Office as a trusted functional advisor while maintaining independence and escalation authority.
• Manage the FX settlements function, including nostro account management, payment processing, cash management, and regulatory reporting.
• Manage relationships with custodians, correspondent banks, settlement service providers, and CLS (if applicable).
• Identify and resolve settlement issues to minimize failures and ensure timely remediation.
• Design, implement, and maintain a comprehensive operational risk framework aligned with regulatory expectations (e.g., OCC, Fed, AML/KYC, sanctions).
• Partner with Risk and Compliance on issue identification, audits, regulatory examinations, and remediation efforts.
• Manage incident processes, including root‑cause analysis and corrective action implementation.
• Lead the build‑out or modernization of FX operational processes, including workflow re‑engineering and automation.
• Partner with Technology on system architecture, APIs, platform integration, and STP enhancements.
• Identify inefficiencies and champion digital tools, workflow optimization, and data‑driven decision‑making.
• Support onboarding and maintenance of FX systems (e.g., FXALL, Misys, GTSS, Bloomberg CMS, CLS, Omgeo/Alert).
• Provide functional leadership for FX operational activities.
• Serve as the operational escalation point for internal and external counterparties.
• Prepare reporting on operational health, risks, trends, capacity, and readiness.
• Build strong cross‑functional partnerships across Treasury, Markets, Middle Office, Finance, Legal, Compliance, Technology, and Risk.

Requirements

• 8-10 years of FX operations experience, including middle and back office responsibilities.
• Demonstrated expertise in FX trade lifecycle processes, settlement mechanics, and operational controls.
• Experience managing operational teams in a financial institution.
• Strong understanding of U.S. regulatory frameworks applicable to FX businesses.
• Clear and concise communication skills, with the ability to interact at senior levels.
• Professional certifications (e.g., CFA, FRM, CTP, ACT) preferred.
• Experience with CLS, multibank settlement platforms, or high volume multicurrency operations.
• Exposure to process automation, workflow transformation, and/or digital tools.
• Strong analytical capabilities with experience leveraging data to drive decisions (SQL, BI tools, or Python a plus).

Tech Stack

• Python
• SQL

Benefits

• Equal Opportunity Employer
• Reasonable accommodation for disabilities