Job Description
At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world's financial system we touch nearly 20% of the world's investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.
We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what is all about.
We're seeking a future team member for the role of Associate, Cash Processing/ Fund Transfer to join our Payments Operations team. This role is located in Taiwan, HYBRID
In this role, you'll make an impact in the following ways:
- Trade Settlement Oversight: Manage to verify TWD settlement timely and accurately of all FX trades, ensuring adherence to payment instructions and regulatory requirements.
- Reconciliation Management: Lead the reconciliation of FX transactions, identifying and resolving any discrepancies, and ensuring accuracy in all financial records.
- Trade Confirmation: Manage the verification and confirmation of trade details with counterparties, ensuring consistency and agreement in all transaction records.
- Documentation and Compliance: Ensure all FX transaction documentation is complete, accurate, and compliant with internal policies and external regulations.
- Support for Front Office: Provide support to the FX trading desk, including updating trade records, monitoring positions, and assisting with trade-related queries.
- Regulatory Compliance: Monitor and ensure adherence to regulatory requirements across all FX transactions.
- Reporting and Analysis: Generate and review detailed reports for FX transactions, including settlement status, trade volumes, and operational risks. Provide insights and recommendations to management.
- Process Improvement: Identify and implement process improvements to enhance efficiency, reduce operational risk, and streamline FX operations.
- Leadership and Mentoring: Provide guidance and training to junior FX Back Office staff, fostering a collaborative and high-performance team environment.
- System Management: Oversee and escalate issues of all FX back-office systems, ensuring data integrity, security, and operational effectiveness.
- Stakeholder Communication: Act as the primary point of contact between the back office, front office, counterparties, and other internal departments to resolve issues and ensure smooth trade processing.
To be successful in this role, we're seeking the following:
- Experience:
- Minimum of 5 years of experience in FX operations, with a significant portion in a senior or supervisory role.
- Proven expertise in FX trade lifecycle management, including settlement, reconciliation, and regulatory compliance.
Skills
- Strong analytical and problem-solving skills, with keen attention to detail and accuracy.
- Excellent leadership and mentoring abilities, with a track record of managing and developing teams.
- High proficiency in MS Office, particularly Excel, and familiarity with FX trading platforms and settlement systems.
- Strong communication and interpersonal skills, with the ability to interact effectively with internal and external stakeholders.
- Ability to work under pressure and meet tight deadlines.
- Proficiency in English, capable of handling routine communication, both written and verbal.
- Ability to work extended hours, particularly during high trading volumes or in response to market fluctuations.
Knowledge
- In-depth knowledge of FX markets, settlement processes, and regulatory requirements.
- Understanding of risk management practices and compliance in FX operations
At BNY, our culture speaks for itself. Here's a few of our awards:
- America's Most Innovative Companies, Fortune, 2024
- World's Most Admired Companies, Fortune 2024
- Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
- Best Places to Work for Disability Inclusion , Disability: IN 100% score, 2023-2024
- Most Just Companies, Just Capital and CNBC, 2024
- Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
- Bloomberg's Gender Equality Index (GEI), 2023
Our Benefits And Rewards
BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life's journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter.
BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.
