FX Specialist

company description

for more than 70 years, idb bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at idb, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail.

We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

responsible for the processing of fx spot, forward, time options, currency time deposits and all currency option contracts. Ensure timely confirmation and settlement of trades along with preparation of management reports. Client service support of banks online fx trading portal.

• confirm and process fx, currency option trades and currency time deposits with complete accuracy.
• confirmation and review of online fx portal trade activity.
• ensure that all trades are confirmed via swift, email or callback as necessary.
• setup and maintain customer data on spectrum including standard settlement instructions.
• monitor confirmation status on unmatched deals.
• attach payment instructions to each trade.
• generate payment jobs for all swift and chips payments in our systems.
• confirm new or changed customer payment instructions via call back.
• interact with traders, other departments, external banks, brokers, and customers.
• maintain daily statistics and logs.
• trace unconfirmed forward deals on a timely basis.
• assist in training co‑workers.
• compliance with all policies, procedures and regulations.
• investigation of fx breaks and fx payments.
• maintaining gap report.

• at least 3-5 years experience in fx trade and fx option processing.
• full knowledge of swift message confirmation and payment types.
• knowledge of iso
  20022 formats a plus.
• knowledge of spectrum system a plus.
• knowledge of microsoft word and excel.
• effective oral and written communication skills.
• ability to work independently with a minimum of supervision.

the expected annual salary for this position is between $90,000 and $105,000 at the start of employment. A salary offer, of course, is determined on an individualized basis, taking into account factors such as an individual’s skills and experience. In addition to a base salary, our total rewards package includes eligibility for an annual bonus as well as medical, pharmacy, dental, vision plans, life and disability insurance, an employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave and tuition reimbursement.

• those with a known mental or physical disability.
• pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• victims of domestic violence, sex offenses or stalking.
• employees with religious observance and practice obligations.

any employee who believes they need an accommodation for any of the above reasons should contact their supervisor or a member of human resources to request such an accommodation. The bank will engage in a good‑faith written or oral dialogue concerning the individual’s accommodation needs, potential accommodations that may address the individual’s accommodation needs, including alternatives, and the difficulties that such potential accommodations may pose for the employer.

The bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination, the bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as required by law.

idb bank, including its subsidiaries and divisions, provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, or current unemployment or any other legally protected category in accordance with applicable federal, state and local law. Nothing in this website constitutes a promise or offer of employment.

we are operating on a hybrid schedule.