Settlement Specialist - Forex

Role Overview

This position requires working weekend shifts with specified work-from-home hours from 3pm to 12am on weekdays and 12pm to 8pm on weekends, following a schedule of four weekdays and one weekend day each week. Candidates with forex experience will be preferred.

Primary Responsibilities

• Accurately and promptly process and reconcile foreign exchange trades and payment transactions.
• Ensure timely settlement completion with banks, liquidity providers, and other counterparties.
• Identify and resolve trade discrepancies, unmatched transactions, and any settlement failures proactively.
• Liaise and coordinate efficiently with internal departments such as trading, finance, risk management, as well as with external partners to facilitate smooth transaction flow.
• Manage daily funding activities, currency conversions, and payment instructions to maintain sufficient liquidity levels.
• Verify transaction details, SWIFT messages, and payment confirmations to avoid errors.
• Perform regular bank reconciliations and ledger audits to guarantee accuracy of financial data.
• Support the preparation of settlement-related reports and regulatory compliance documents.
• Ensure adherence to anti-money laundering (AML), know your customer (KYC), and forex regulatory standards.
• Assist with audits and implementation of internal controls related to settlements and risk mitigation.

Required Qualifications and Experience

• A bachelor's degree in Finance, Accounting, Economics, or a closely related discipline.
• Minimum of two years in forex settlements, treasury operations, or payment processing.
• In-depth understanding of MT4/MT5 platforms, SWIFT payment protocols, wire transfers, and various forex instruments.
• Familiarity with banking procedures, reconciliation software, and customer relationship management (CRM) systems.
• Advanced skills in Microsoft Excel and financial reporting applications.
• Ability to work in rotating shifts within a five-day workweek structure.
• Sharp analytical abilities with a strong attention to detail.
• Effective communication skills coupled with robust problem-solving capabilities.