Foreign Exchange Operations Manager

Western Alliance Bank • Grove City, OH • 2h ago

Job Title:
Foreign Exchange Operations Manager
Location:
CityScape
What you'll do:
As the Foreign Exchange (FX) Operations Manager, you will be responsible for ensuring operational integrity is maintained throughout the processing of all FX trades, including trade confirmations, and their settlements. You will lead a team of 4-6 direct reports that include Foreign Exchange Operations Specialists and Senior Specialists. You'll need to ensure duties are followed and adhere to the bank's compliance standards in a timely and efficient manner and according to Western Alliance Bank's policies and procedures, while minimizing all potential risks.
In support of our FX Sales and Trading team, you'll be responsible for managing and monitoring our clients' and bank partners' hedging contracts (Outright, Windows, NDF's, Swaps, Options) and their reminders/notifications/confirmations/settlement. You will also work closely with the head of FX Sales and Trading to co-develop operational solutions that elevate the business and support strategic growth.
A strong FX operations team is a key competitive advantage in today's marketplace. As the FX landscape evolves, you'll be expected to adopt best market practices and prepare for future capabilities, such as SWIFT's anticipated move to real-time payments, to ensure Western Alliance remains ahead of the curve.
Another key daily responsibility is to ensure that all operational systems are updated and in working condition and if not, immediately notify and work with the relevant internal and vendor teams to resolve them. You'll need to generate reports of all daily transactions, reconciliations, fees and charges, while managing and directing your team in all relevant investigations and research.
You will supervise, mentor, and train your team members in the use of all platforms and systems, most notably the FX system of record, SWIFT gateway, and maintain and assist in establishing and closing correspondent bank relationships as needed. You will also be responsible for operational elements related to credit risk mitigation, including monitoring settlement exposures, ensuring pre-settlement risk controls are in place, and collaborating with Risk and Front office teams to manage counterparty risk.
Success in this role requires a strong ongoing partnership with the Front and Middle Office teams to ensure seamless end-to-end trade execution, confirmation, and settlement while maintaining high levels of client satisfaction.
Western Alliance Bank serves a dynamic and diverse client base across many industries, including innovative fintech firms, making this role both impactful and fast-paced.
Provide excellent customer service by responding, acknowledging and providing solutions to our external and internal clients' needs in all things related to Foreign Exchange, Foreign Currency payments and clients' Multi-Currency Accounts (MCAs).
Supervise the processing of all foreign currency payments, including outgoing wire requests, incoming payments, draft collections and cash letters.
Maintain client contact when required. Oversee the execution of client transactions and minimize trade and fee losses.
Monitor that all systems are functioning as expected including Clients' Online Banking, File transfer protocols (File Handler), FX system of record, the bank's SWIFT gateway/service bureau, and others.
Lead and develop a team; responsible for hiring, coaching, performance management, training and development. Ensuring coverage is always maintained, especially during team member absences. You may be required to step in and process trades/transactions as needed.
Provide excellent service working with our foreign and domestic correspondent banks and their representatives to resolve any open investigations and outstanding items.
Manage and maintain foreign correspondent (Nostros) accounts in foreign currency (and in U.S. Dollars), e

Similar Jobs

Collision Market Manager

Gerber Collision & Glass • Columbus, OH • 6h ago

Management & Administrative

Company: Gerber Collision & Glass WELCOME TO GERBER COLLISION & GLASS Our Team Members Drive Us! Gerber Collision & Glass is one of the largest collision repair companies in North America. With $3+ billion in...

6h ago

Go to Apply

Customer Service Supervisor

Acloche LLC • Lewis Center, OH • 11h ago

Management & Administrative

Acloche has immediate openings for a Customer Support Specialist in Lewis Center. If you're looking for a new opportunity, then look no further! Acloche is looking for a friendly and energetic Customer Support Specialist...

11h ago

Go to Apply

Customer Service

Family Dollar • Grove City, OH • 14h ago

Management & Administrative

We're seeking a Customer Service Associate to join our team and deliver a great shopping experience for every customer. Duties include, but are not limited to, the following: Assist customers with questions and recommend...

14h ago

Go to Apply

CPC Customer Service Support

Datavant • Columbus, OH • 15h ago

Management & Administrative

Datavant is a data platform company and the world's leader in health data exchange. Our vision is that every healthcare decision is powered by the right data, at the right time, in the right format. Our platform is power...

15h ago

Go to Apply

Purchasing Specialist

Acloche LLC • Lewis Center, OH • 16h ago

Management & Administrative

Acloche has immediate openings for a Purchasing Specialist candidate in Lewis Center. If you're looking for a new opportunity, then look no further! Acloche is looking for candidates who thrive in a warehouse/ manufactur...

16h ago

Go to Apply

Building Automation Service Specialist

Siemens • Columbus, OH • 16h ago

Management & Administrative

Job Family: Buildings Req ID: 483955 Here at Siemens, we take pride in enabling sustainable progress through technology. We do this through empowering customers by combining the real and digital worlds. Improving how we...

16h ago

Go to Apply

Customer Accounts Manager

Aaron's Inc • Columbus, OH • 17h ago

Management & Administrative

The hourly range for this position is $14.50 to $15.25. This position is also eligible for incentive pay based on performance. Customer Accounts Manager Aaron's Customer Account Managers drive the success of our stores b...

17h ago

Go to Apply

Strategic Account Manager (Monday-Thursday 5am-4:30pm)

Employment Solutions Management, Inc • Groveport, OH • 17h ago

Management & Administrative

Description Strategic Account Manager- Groveport,OH The Strategic Accounts Manager is fully accountable for the long-term evolution of the client's staffing operations including the overall direction and operational mana...

17h ago

Go to Apply

(USA) Project Manager I, Supply Chain Management

Walmart • Grove City, OH • 21h ago

Management & Administrative

Position Summary... Demonstrates up-to-date expertise and applies this to the development, execution, and improvement of action plans by providing expert advice and guidance to others in the application of information an...

21h ago

Go to Apply

Industry & Function AI Decision Science Consultant

Accenture • Columbus, OH • 22h ago

Management & Administrative

Accenture is a leading global professional services company that helps the world's leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth, a...

22h ago

Go to Apply

Subscribe to get new jobs sent directly to you
(no charge, cancel anytime)

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.