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FX Middle Office Specialist : 20-01659
Ref No.: 20-01659
Category: Finance, Accounting, Auditing, Compliance
Location: Santa Clara, California
Primary Skills: FX, NDF, trade, Nostra/vostro
Duration: 6 Months + (possible extension)    
Contract Type: W2 only

Remote Position
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 exceed those at our competitors.
    Nostro accounts: 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 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:
  • 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 forms
       To follow up with any questions, please contact Harleen at 408-816-2474.

Akraya is an award-winning IT staffing firm and the staffing partner of choice for many leading companies across the US. We offer comprehensive benefits including Health Insurance (medical, dental, and vision), Cafeteria Plan (HSA, FSA, and dependent care), 401(k) (enrollment subject to eligibility), and Sick Pay (varies based on city and state laws).

If this position is not quite what you're looking for, visit akraya.com and submit a copy of your resume. We will get to work finding you a job that is a better fit at one of our many amazing clients.
 
Akraya is committed to equal treatment and opportunity in all aspects of recruitment, selection, and employment without regard to gender, race, religion, national origin, ethnicity, disability, gender identity/expression, sexual orientation, veteran or military status, or any other category protected under the law. Akraya is an equal opportunity employer; committed to a community of inclusion, and an environment free from discrimination, harassment, and retaliation.