Job ID:Mp-179181 (90090113)
FX Operations Specialist with SWIFT messaging, Deliverables , Acceptance Criteria, FX wire exceptions, AML and Foriegn Exchange Experience
Location: Boston, MA.
Duration: 12+ Months
Passport# mandatory( C2C )
Experience:1 year
Job Descirption :
The FX Operations Specialist is responsible for confirmation and settlement processing for all foreign exchange products. Research and respond to any FX settlement related inquiries received from other banks, clients or financial institutions. Follow loss prevention procedures for all incoming and outgoing wires.
Responsibilities
adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank. Additional Responsibilities include FSS system support, and support to FX trading and Sales. 6) Completing several reporting reports to internal management.
Responsibilities include all activities associated with processing and settling all foreign exchange transactions for the bank. In addition to transaction processing and settling, the position will also include confirmations, reconciliations, investigations, risk, credit reporting, and problem resolution.
Responsibilities will include maintaining lines of communication with Correspondent Banks where nostros and settlement occurs and participation in the organization’s initiative implementing new projects/systems as well as continuous improvement. The candidate must also possess the ability to document procedures as well as work well with a team. This is a fast-paced environment with aggressive growth targets
Responsibilities include phone confirmation, SWIFT confirmation, or on online confirmation of all FX trades. Closely monitoring all outgoing wires for potential fraud.
Follow Bank policies and procedures regarding Risk analysis of trades/wires Including OFAC and Dodd Frank regulations.
All Trades and wires are processed within the established SLA following the bank’s procedures and controls.
Handle all FX trades wire tracers and investigations received from other banks, clients or internal department within the bank. Cases may vary from responding to tracers requesting confirmation of payment to the beneficiary, cancellation of payment
Ability to interact effectively with sales persons, client service/preferred bankers offices, counterparts, and clients or amendments to the original settlement/wire instructions.
Responsible for monitoring all incoming foreign funds, unclaimed funds or unable to be applied ensuring timely resolution and correction.
Maintains knowledge in all aspects related to FX Operations, understands regulatory guidelines and keeps informed of trends and changes. Acts as a resource for entry level Reps. Provides back-up support for all job functions within the department as needed.
Handles escalated issues, resolves problems effectively and determines when it is necessary to involve management.
Works collaboratively to resolve complex issues and/or errors that impact customers or place the bank at risk if not appropriately resolved.
Participates in projects as requested
Responsibilities include review of the daily reconciliation for all FX trades and FX wire exceptions; ensure accuracy of balances and posting of FX trades and wires.
Responsibility includes flexible working schedules to meet the banks goals and daily business requirements.
Responsible for the monitoring and delivery of SWIFT messages for the entire bank.
Ability to multi-task and deliver a high quality product meeting established deadlines in a fast-paced environment. Interact with
Providing a high level of customer service to both internal and external clients.
Responsibilities include creating daily and on-demand reports including the daily metrics, Mark-to-Market Reports, FCA statements, and Nostro Balance reports.
Responsibilities include preparing and submitting AML (Anti-Money Laundering) certification to compliance department.
Responsibility includes written communication to First Republic Bank employees, internal and external clients, and other banks. Performs other duties & responsibilities as required or assigned by supervisor.
Detail-oriented and the ability to perform effectively in a high volume, deadline oriented environment.
Required Skills
Basic knowledge in (Microsoft Office Word, Excel and Access.
Able to work under pressure and tight time constraints.
Good verbal written communication skills.
Foreign Exchange settlement
SWIFT messaging
Able to work efficiently independently and in a team environment
Team player
Provides extraordinary service
Adheres the First Republic Bank culture and values
Deliverables (D) and Acceptance Criteria (AC)
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Bachelor’s Degree
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