FX Specialist

Mid • Hybrid

90,000 - 105,000 USD/yr

New York, NY

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. Here, you will work alongside talented professionals in a collaborative environment focused on delivering exceptional service. The bank offers a comprehensive benefits package from day one, including medical coverage and a 401(k) plan, and is committed to diversity, inclusion, and equal opportunity.

Job Description

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. Provide client service support for the bank’s online FX trading portal.

Responsibilities

Confirm and process FX, Currency Option trades and Currency Time deposits with complete accuracy
Review Online FX Portal trade activity
Ensure all trades are confirmed via SWIFT, email or callback as necessary
Set up 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
Confirm new or changed customer payment instructions via callback
Interact with traders, departments, external banks, brokers, and customers
Maintain documentation, daily statistics, and logs
Trace unconfirmed forward deals in a timely manner
Assist in training co-workers
Ensure compliance with policies, procedures, and regulations
Investigate FX breaks and FX payments
Maintain GAP report

Qualifications

3–5 years experience in FX trade and FX Option processing
Full knowledge of SWIFT message confirmation and payment types
Knowledge of ISO20022 formats
Knowledge of Spectrum system
Proficiency in Microsoft Word and Excel
Ability to work independently with minimal supervision

Compensation & Benefits

The expected annual salary range is $90,000–$105,000, determined based on skills and experience. The total rewards package includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank provides reasonable accommodations where required and maintains confidentiality in accordance with EEO guidelines. The role operates on a hybrid schedule.

IDB Bank

IDB Bank is a commercial banking institution operating in the financial services industry. The bank focuses on delivering secure, reliable, and resilient banking services supported by robust data infrastructure and modern technology systems. It emphasizes operational excellence, regulatory compliance, cybersecurity, and high availability of mission-critical systems. IDB Bank fosters a collaborative, cross-functional work environment and values innovation, forward-thinking approaches, and adherence to industry best practices. As a regulated financial institution with subsidiaries and divisions, it upholds strong equal employment opportunity principles and maintains structured governance, audit, and risk management standards typical of established banking organizations.

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