What are the responsibilities and job description for the FX/MM Operations Consultant position at BizTek People, Inc. | APA International Placement Consultants?
We are seeking a highly skilled FX/MM Operations Consultant for our client in NYC!
Work Schedule: Hybrid
Job Summary
The FX/MM Operations Consultant will be responsible for creating, processing, and validating corporate and interbank FX/MM payments and settlements using internal transaction processing systems and related applications.
Principal Duties & Responsibilities1. General Duties
- Process and approve all FX and MM corporate/interbank trades using internal transaction processing systems in a timely manner.
- Prepare and verify manual payments (Fed, CHIPS, SWIFT) as needed.
- Enter payments into internal settlement systems.
- Review and validate critical control reports for manual settlements or processing.
- Perform end-of-day (EOD) reconciliations.
- Input updates into internal funding systems.
- Handle confirmations via email, SWIFT, and third-party platforms for FX and MM transactions.
- Coordinate with the Documentation/Confirmation team to stop payments associated with MT-392 issuances.
- Monitor USD Fed/CHIPS reconciliations.
- Liaise with the Market Front Office and cross-functional departments to resolve operational issues.
- Reconcile brokerage bills and payments.
- Troubleshoot and resolve operational problems promptly.
- Support the daily operations team and assist colleagues as needed.
- Participate in cross-training to gain proficiency across all FX/MM processing and settlement functions.
- Support special projects as required.
- Perform additional duties as assigned.
2. Exception Duties
- Complete ad-hoc assignments as directed by leadership.
3. Compliance Responsibilities
- Maintain a basic understanding of applicable banking rules and regulations.
- Direct compliance-related questions to the appropriate internal compliance division.
- Attend annual compliance training.
- Review and respond to all compliance guidance materials.
- Adhere to the organization’s Code of Conduct.
Qualifications
- Bachelor’s degree preferred.
- 5 years of experience in Money Market and Forex Operations or equivalent.
- Proficiency in Outlook, Excel, and Microsoft Word.
- Strong communication skills to interact professionally with corporate clients, front office teams, traders, and internal stakeholders.
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Vision insurance