Senior Associate, FX Settlements

About us:

Market Operations is a Global team of 400+ Operations Professionals who support our Global Markets, Commodities, Structured Trade & Treasury businesses globally. Functions performed are trade confirmation / affirmation, settlement, reconciliation, and client data capture/maintenance, corporate actions (the front to back trade lifecycle) across FX, Fixed Income, Rates, Commodities, Carbon, Structured Trade, Derivatives and Loans.

Market Operations also provides Middle and Back Office services including Collateral Management, Regulatory Reporting, Client Reference Data maintenance, Client Onboarding, KYC Refresh, Account Origination, Client Case Management, Estate Management, International Loan Administration & Operations, Trade Support, Confirmation services and Settlements / Payments.

Picture yourself in the team:

CommBank’s GMO business is looking for a Senior Associate to join our FX Operations function which supports the timely and accurate settlement and reconciliations of FX, Money Market, Fixed Income and OTC Derivatives products across CBA’s global network of clients, primarily using the source systems Wallstreet.

The Global FX Operations role provides real-time operational support to the Foreign Exchange and Money Market trading desks across Sydney, London and New York. Some of the tasks performed by the team are but not limited to trade confirmation and settlement. The group is in a unique position to work day-to-day with numerous stakeholders across business and operations, giving a complete overview of the trade life-cycle management.

This is a newly created team in London of +3 FTE that supports the Global Markets Business clients, primarily using the source systems Wallstreet.

Do work that matters:

Your main responsibilities will include:

• Coordinate the confirmation and settlement of interbank, corporate FX and money market transactions using WallStreet and SWIFT Alliance, ensuring accuracy, timeliness, and strong client outcomes.
• Manage the trade matching process, ensuring exceptions are identified, investigated, and escalated in line with agreed controls and timeframes.
• Calculate and settle internal and external funding requirements, including manual processing where required.
• Process manual SWIFT messages, fee calculations, and associated accounting journals.
• Engage effectively with internal and external stakeholders to source information and resolve issues across the trade lifecycle.
• Identify, escalate, and mitigate operational and processing risks through appropriate controls and reporting.
• Support system testing and process enhancements to improve operational efficiency and resilience.
• Build and maintain strong knowledge of FX operational processes and procedures.
• Act in accordance with the Code of Conduct, demonstrating high standards of professionalism, integrity, and accountability.

We are interested in hearing from you if you have:

• At least 3-5 years in FX Settlements (Settlements, Affirmation / Confirmation Matching and FX Funding or any other related product settlements in an investment banking environment.
• Knowledge of Wallstreet (system).
• Bachelor’s degree in business administration or related discipline.
• Strong analytical skills and attention to detail, with the ability to solve complex problems and deliver high-quality outcomes under tight deadlines.
• Effective communicator with strong written skills, capable of engaging stakeholders and influencing outcomes.
• Proven ability to work independently and collaboratively, managing competing priorities in a fast-paced environment.
• Solid understanding of operational policies, controls, and governance frameworks within financial markets or operations.
• Adaptable and resilient, with a continuous improvement mindset and openness to leveraging AI for efficiency gains.

In order to be considered you must have the right to work in UK, also please indicate your salary expectations and notice period on the application form.