GBM Public – Warsaw – Analyst – FX Settlements

TEAM OVERVIEW:

The FX Settlements team is a core operational control function within the Global Banking & Markets (GBM) division. The team is responsible for the flawless execution, clearing, and settlement of all foreign exchange transactions (including Spot, Forwards, Swaps, Options, and NDFs) executed by the firm's global Trading and Sales desks. Operating in a high-volume, fast-paced environment, the team mitigates settlement and operational risk by ensuring accurate payment instructions, managing liquidity, and resolving transaction discrepancies with global counterparties and custodian banks.

ROLES AND RESPONSIBILITIES:

• Execute Daily FX Settlements: Facilitate and monitor the timely settlement of high-value foreign exchange transactions, ensuring adherence to strict currency cut-offs and market deadlines.
• Reconcile Cash & Position Breaks: Perform daily cash and position reconciliations between internal ledger systems, clearing platforms, and external custodian accounts to identify and resolve breaks promptly.
• Investigate & Resolve Discrepancies: Partner with Front Office Sales/Trading, Middle Office, and external counterparties to investigate and remediate trade matching, confirmation, and settlement discrepancies.
• Mitigate Operational Risk: Ensure all settlement processes strictly adhere to internal control frameworks, regulatory obligations, and audit policies to protect the firm from financial and reputational loss.
• Drive Process & Automation Enhancements: Identify operational bottlenecks and collaborate with Engineering and Product teams to design, test, and implement systematic enhancements that increase Straight-Through Processing (STP).
• Analyze Settlement Data: Monitor key performance indicators (KPIs), settlement fail trends, and counterparty behavior to propose data-driven solutions for risk mitigation.

BASIC QUALIFICATIONS:

• Bachelor’s degree (preferably in Finance, Economics, Business Administration, or a related discipline).
• 1–3 years of relevant work experience in financial services, with specific exposure to FX operations, trade settlements, or cash management.
• Solid understanding of FX products (Spot, Forwards, Swaps, Options, NDFs) and the end-to-end trade lifecycle.
• Familiarity with global payment infrastructure, including SWIFT messaging standards and CLS operations.
• Strong analytical and problem-solving skills with a high level of attention to detail.
• Ability to work effectively under pressure in a fast-paced environment with tight, currency-specific cut-off times.
• Excellent communication and relationship-building skills to collaborate with global stakeholders, including traders, clients, and custodian banks.
• Proficiency in data analysis tools (Excel is required; experience with Alteryx, Tableau, or SQL is highly desirable)

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