Foreign Exchange Operations Manager
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Job Location:
Monthly Salary:
Posted on:
7 hours ago
Vacancies:
1 Vacancy
Department:
Job Summary
Overview
The Foreign Exchange (FX) Operations Manager is responsible for the endtoend management of Foreign Exchange (FX) middle and backoffice operations. This role oversees the full FX trade lifecyclefrom trade capture and confirmation through settlement reconciliation and control governancewhile maintaining a strong risk and compliance environment.
This position requires handson experience with FX operational processes and the ability to oversee operational activities while applying independent judgment in resolving complex operational matters. The role involves regular interaction with Front Office Risk Compliance Technology Treasury and external counterparties to ensure accurate and timely FX processing and support ongoing process improvement initiatives.
What Youll Do:
- Manage the complete FX trade lifecycle including trade capture validation confirmation settlements reconciliation and exception management.
- Manage and support operations across FX spot forwards swaps NDFs options and structured products.
- Ensure trades are processed accurately and on time across internal and external systems.
- Maintain serviceleveldriven workflows with measurable KPIs and operational tracking.
- Oversee trade enrichment validation and control checks.
- Support P&L reporting exposure monitoring and daily position controls.
- Oversee counterparty risk settlement risk and operational break management.
- Partner with Front Office as a trusted functional advisor while maintaining independence and escalation authority.
- Manage the FX settlements function including nostro account management payment processing cash management and regulatory reporting.
- Manage relationships with custodians correspondent banks settlement service providers and CLS (if applicable).
Identify and resolve settlement issues to minimize failures and ensure timely remediation. - Design implement and maintain a comprehensive operational risk framework aligned with regulatory expectations (e.g. OCC Fed AML/KYC sanctions).
- Partner with Risk and Compliance on issue identification audits regulatory examinations and remediation efforts.
- Manage incident processes including rootcause analysis and corrective action implementation.
- Lead the buildout or modernization of FX operational processes including workflow reengineering and automation.
- Partner with Technology on system architecture APIs platform integration and STP enhancements.
- Identify inefficiencies and champion digital tools workflow optimization and datadriven decisionmaking.
- Support onboarding and maintenance of FX systems (e.g. FXALL Misys GTSS Bloomberg CMS CLS Omgeo/Alert).
- Provide functional leadership for FX operational activities.
- Serve as the operational escalation point for internal and external counterparties.
- Prepare reporting on operational health risks trends capacity and readiness.
- Build strong crossfunctional partnerships across Treasury Markets Middle Office
- Finance Legal Compliance Technology and Risk.
Qualifications
- 8-10 years of FX operations experience including middle and back office responsibilities.
- Demonstrated expertise in FX trade lifecycle processes settlement mechanics and operational controls.
- Experience managing operational teams in a financial institution.
- Strong understanding of U.S. regulatory frameworks applicable to FX businesses.
- Clear and concise communication skills with the ability to interact at senior levels.
- Professional certifications (e.g. CFA FRM CTP ACT) preferred.
- Experience with CLS multibank settlement platforms or high volume multicurrency operations.
- Exposure to process automation workflow transformation and/or digital tools.
- Strong analytical capabilities with experience leveraging data to drive decisions (SQL BI tools or Python a plus).
Education
- Bachelors degree in Finance Economics Accounting or related field; or
- An equivalent combination of education and/or relevant professional experience may be considered in lieu of a degree.
Special Instructions to Candidates
City National Bank of Florida is an Equal Opportunity Employer and is committed to providing equal employment opportunities to all applicants. We do not discriminate on the basis of race color religion sex pregnancy national origin age disability genetic information protected veteran status or any other status protected under federal state or Florida law. City National Bank of Florida complies with the Americans with Disabilities Act (ADA) and applicable Florida laws. Qualified individuals with disabilities who require a reasonable accommodation in order to complete the online application or participate in the hiring process may contact our Human Resources Talent Attraction Department .
Required Experience:
Manager
Key Skills
- Six Sigma
- Lean
- Management Experience
- Process Improvement
- Microsoft Outlook
- Analysis Skills
- Warehouse Management System
- Operations Management
- Kaizen
- Leadership Experience
- Supervising Experience
- Retail Management
About Company
Florida's iconic community bank with a global reach, trusted and admired by our clients for our people-centric culture.
