FX/MM Settlements Operations
About the role
Join a team where your attention to detail and problem-solving skills play a valuable role in global financial markets. You will play a key role in ensuring accurate and timely processing of foreign exchange & money market transactions.
Key Responsibilities
Ensure accurate and timely settlement of FX (spot, forward, swap, NDF, options) and MM transactions.
Perform trade validation
Manage confirmation processes—including paper, SWIFT, and electronic confirmations (e.g., FXAll, Mysis, GTSS)
Resolve trade breaks and unmatched confirmations promptly
Generate and release settlement payments (MT103/202) through the payment platforms
Monitor incoming/outgoing cash flows to ensure settlement obligations are met on value date
Collaborate with Reconciliation teams to investigate and resolve cash breaks
Liaise closely with front office, middle office, and clients regarding settlement queries
Identify, escalate, and mitigate settlement risk, operational risk, and market cut off risk
Ensure adherence to regulatory requirements related to reporting, confirmations, and recordkeeping
Regularly prepare risk reports
Investigate and resolve settlement discrepancies, fails, and breaks
Track and report settlement fails; identify root causes and drive long term resolutions
Manage CLS (Continuous Linked Settlement) trade submission, matching, and dispute resolution where applicable
Identify opportunities for automation and efficiency within settlement workflows
Participate in system upgrades, UAT testing, and new product or market rollouts
Work under pressure with tight deadlines and market cut offs
Strong problem solving and analytical abilities
Team oriented
Your team
You will be a part of the Investment Bank (IB) Foreign Exchange and Money Market team based in Raleigh, North Carolina, collaborating with global teams to support all pre-settlement, settlement, and post-settlement FX/MM Operations processes.
Job Type
Full Time
Job Reference #
340242BR
City
Raleigh
Requirements
Bachelor’s degree in Finance, Business, Economics, Accounting, or related field. Ideally 3+ years in Operations, Settlements, Treasury, or Middle Office. Understanding of FX derivative and Money Market products and settlement processes. Experience with trade validation and confirmation methods (paper, SWIFT, and electronic platforms). Ability to identify, investigate, and resolve trade breaks and unmatched confirmations promptly. Familiarity with payment platforms and MT103/202 settlement instructions. Excellent organizational skills, attention to detail, and ability to work under pressure in a dynamic environment. Strong communication skills to partner effectively across functions. Competency with Excel (pivot tables, filters, formulas). Team player with willingness to learn and take on new responsibilities.
Qualifications
Curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment – validating outputs and aligning with policies, risk standards, and ethical use.
About Us
UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.
Disclaimer / Policy statements
UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.