Trade Settlement Professional

Key Responsibilities:

- Manage end-to-end settlement of FX and Money Market trades, ensuring timely and accurate payment processing.

- Monitor payment cut-offs, liquidity positions, and ensure all transactions are processed within deadlines.

- Perform trade confirmation, matching, and settlement processing in internal systems (e.g., Calypso).

- Maintain and update Settlement Instructions (SSI) for counterparties.

- Monitor bank accounts and nostro balances to ensure correct receipt and release of funds.

- Investigate and resolve settlement breaks, reconciliation issues, and payment exceptions.

- Perform daily FX reconciliation and ensure all discrepancies are resolved within SLA.

- Liaise with Front Office, Middle Office, Treasury, and Clients for trade and settlement queries.

- Coordinate with Financial Crime/Compliance teams for sanctions or AML-related queries.

- Provide start-of-day and intra-day reporting to stakeholders on trade status and exposures.

- Ensure compliance with market practices, regulatory requirements, and internal controls.

- Identify and drive process improvements and automation opportunities.

Required Skills & Knowledge:

- Strong knowledge of FX, Money Market, and Trade Settlements

- Experience with SWIFT messaging (MT103, MT202, etc.)

- Understanding of payment systems (CHAPS, Faster Payments, RTGS, etc.)

- Experience in Nostro reconciliation and cash break resolution

- Knowledge of AML, KYC, and Sanctions screening processes

- Familiarity with trade lifecycle and settlement workflows

- Strong analytical, problem-solving, and stakeholder management skills

Good to Have:

- Experience in payment investigations and query handling

- Exposure to automation tools / process improvement initiatives

- Knowledge of AI tools in operations (optional)

Experience:

- Typically 7-10 years of experience in FX/Trade Settlements or Banking Operations