FX Middle Office Specialist in Santa Clara, CA at Pyramid Consulting, Inc

Date Posted: 6/15/2020

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    6/15/2020

Job Description

Immediate need for a talented FX Middle Office Specialist with experience in the Banking Industry. This is a 6+ Months contract opportunity with long-term potential and is located in Santa Clara, CA, 95054. Please review the job description below.

Job Description
  • Processing and investigations
  • High touch processing and investigations when needed for key clients and large transactions
  • Track maturing NDFs and forwards, proactively inform traders and clients.
  • Manage the credit set up process and upstream and downstream impacts for Capital Markets Products.
  • Correspondent bank fees: Tracking, monitoring, and reconciliation of fees relating to our Nostro accounts Monitoring.
  • Credit limit monitoring: proactively monitor the credit exposure for Capital Markets Products with Clients and Counterparties and escalate increase requests in advance of actual excesses. 
  • Report credit exceptions to appropriate officers and departments.
  • Monitor client SLAs: Ensure we meet the standards we have promised and exceeded those at our competitors.
  • Nostro account balance monitoring, funding reports, and general maintenance. 
  • Monitor and analyze currency flows in currency accounts to optimize Nostro funding. 
  • Auditing of the bank's reconciliation process. 
  • Provide a point of escalation and guidance in addressing issues when needed.

    Reports and analysis:
  • Monthly exposure analysis: Monitor monthly activity levels and exposure to counterparty banks, generate reports for officers and departments. 
  • Partner with the credit team to ensure credit limits are appropriate.
  • Mark-to-market reporting: Validate and provide mark to market valuations to clients as requested and troubleshoots questions/concerns. 
  • Monitor market data to ensure the accuracy of information used for valuation purposes.
  • Report development and enhancement
  • Coordinate and manage the development of or changes to reports (WSS ORD/BOXI, etc.) that are used by Sales, Traders, Ops, Finance. Be the main point of contact for understanding business needs and working with IT in development. 
  •  Management of documents which impact FX activities: ISDAs, FX agreements, LEIs, ECP forms, client reports, etc. Manage & maintain LEIs and ECPs: Track LEIs to ensure they are active. Proactively inform clients about LEI expirations and maintain current ECP form

Our client is a leading Banking Industry and we are currently interviewing to fill this and other similar contract positions. If you are interested in this position, please apply online for immediate consideration.

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