This individual is responsible for providing Operational support on settlement processes within FXMM Operations, trade handling and exceptions to processing, tracking settlement details and resolving settlement issues with client and front office before value date on transactions. Will interact with internal departments (CDM, Middle Office, other regional CSG operations) to resolve issues and expedite processes required for trade settlement. This individual will verify Static Data add / change information specific to account settlement instructions to ensure processing systems have correct settlement data and where applicable, compares eCommerce platform SSI data (FXALL, MISYS, ALERT) to instructions on Operations systems. This individual will also interact directly with external clients and the business line on trade exceptions and trade settlement issue escalations.
•Review Wall Street Systems queue populations and process trades for a particular counterparty / counterparty type.
•Determine if set up process is complete with goal of achieving STP processing.
•Prioritize and action new accounts without SSIs assigned.
•Coordinate eCommerce activity to ensure confirmations and settlement processes are set up correctly.
•Review account SSI amendments / cancellations to determine impact on future settling trades, make adjustments / corrections.
•Review outstanding forward trades pending within the operating system (WSS) to action outstanding trades without settlement instructions assigned. Goal is to reduce number of outstanding forwards remaining in WSS queue.
•Coordinate activities with Operations Processing and Netting Managers to ensure accuracy and proper management of forward queues within operating system.
•Process settlement instructions received via eCommerce platforms.
•Coordinate with Operations Client Data Management group for FX/MM, new/amended client static impacting daily trade settlements.
•Coordinate settlement requests from clients for netting, split payments, etc.
•Coordinate Third Party Payment interaction/approval with Compliance
Experience - What previous experience is required for the role?
Knowledge of RBS FX and MM settlement practices.
Knowledge of FX and MM accounting within Wall Street.
Strong communication skills needed when interacting with internal and external clients.
Knowledge of operational risk management and administrative organization (Compliance, Audit, security policies).
Good knowledge and experience of SWIFT standards (payments and confirmations) and industry standard settlement practices (netting, over account settlement, splits, NPV).
Knowledge of Treasury Operations processing systems (GFX, WSS, Nucleus, Smartstream, etc,) and eComm Platforms (FX All , GTSS, MISYS, etc.).
It is the policy of NatWest Markets Securities Inc. and its parent, affiliates and/or subsidiaries to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, sex, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws. Equal Opportunity Employer -Disabled/Veteran – review "EEO Is The Law", "EEO is the law- Supplement" & "Pay Transparency Provision" posters here.