FX Operations Analyst

Overview

Class: Full-Time AND Permanent

Legal Entity: StoneX Financial Pte. Ltd.

Company Overview:

Connecting clients to markets - and talent to opportunity. With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets - focusing on innovation, human connection, and providing world-class products and services to all types of investors. Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, StoneX Group is made up of four business segments that offer endless potential for progression and growth.

Business Segment Overview:

Institutional: Immerse yourself in the best-in-class institutional-grade technology, working alongside industry experts and gaining exposure to various asset classes, such as equities, options, fixed income securities, and advanced trading, research, and management technology.

Responsibilities

Position Purpose:

The FX Prime Brokerage Operations team supports the end-to-end operational lifecycle of FX transactions, ensuring accurate and controlled processing across trade capture, matching, confirmation, settlement, reconciliation, client onboarding and post-trade activities. As the business is in a build-out phase, the team also contributes to the development of procedures, controls, workflows, reporting and system processes.

Primary duties will include:

FX Trade Lifecycle Management

• Monitor and support the end-to-end processing of FX transactions across the FX Prime Brokerage lifecycle.
• Review trade capture and ensure trades are accurately booked into relevant operational systems.
• Perform trade matching, affirmation and confirmation activities with clients, counterparties and prime brokers.
• Process and monitor trade amendments, cancellations, corrections, re-bookings, unwinds and other post-trade events.
• Investigate trade mismatches and exceptions, identify root causes and ensure resolution within agreed cut-off times.
• Monitor outstanding trades, escalate unresolved items and complete relevant T+0/T+1 and end-of-day controls.

FX Settlement & Cash Operations

• Monitor FX settlement activity and ensure trades settle accurately and on time.
• Coordinate settlement instructions and payment details with counterparties, banks and prime brokers.
• Investigate settlement fails, rejected payments, unmatched instructions and cash or settlement discrepancies.
• Support FX netting and settlement processes.
• Monitor operational cut-offs across currencies and global markets and escalate time-sensitive exceptions.
• Investigate and resolve reconciliation breaks, identify root causes and support preventative action where appropriate.
• Monitor client and counterparty positions for operational discrepancies.
• Ensure operational exceptions are documented, tracked and escalated in accordance with procedures.

Client & Internal Stakeholder Support

• Act as an Operations point of contact for client and internal queries relating to FX trades and settlements.
• Work closely with Sales, Trading, Client Service, Risk, Credit, Treasury, Finance, Compliance and Technology teams to resolve operational issues.
• Liaise with prime brokers, liquidity providers, counterparties and settlement banks on trade and settlement matters.
• Provide timely updates on outstanding trades, breaks, settlement status and operational incidents.
• Escalate material or client-impacting issues promptly to senior Operations management and relevant control functions.

Operating Model Build-Out

• Assist in developing and maintaining end-to-end FXPB operating procedures, SOPs, checklists, controls and escalation processes.
• Help define operational requirements for workflows, reports and system enhancements.
• Identify manual or inefficient processes and propose automation, workflow optimisation and STP improvements.
• Support implementation of new clients, counterparties, liquidity providers and settlement relationships.
• Produce daily operational reports covering trades, exceptions, settlements, cash and outstanding issues.

Qualifications

General Expectations:

• Develop a strong understanding of FX Prime Brokerage operational processes, products and controls.
• Ensure operating procedures and process documentation remain accurate and current.
• Demonstrate ownership of issues from identification through resolution, with timely escalation where required.
• Proactively identify opportunities to improve efficiency, scalability and the control environment.
• Build effective working relationships with internal stakeholders, clients and external market participants.

Professional Requirements:

• Bachelor's Degree, Diploma or equivalent qualification.
• Approximately 2-3 years of experience in FX Operations, Trade Operations, Middle Office, Prime Brokerage, Treasury Operations or a similar financial markets environment.
• Direct FX experience and knowledge of the end-to-end FX trade lifecycle are strongly preferred.
• Good working knowledge of Spot FX, FX Forwards, FX Swaps and NDFs; FX Options knowledge is advantageous.
• Understanding of FX give-up / prime brokerage workflows, trade matching, confirmation, settlement, reconciliation and exception management.
• Basic understanding of FX margin, credit limits and exposure.
• Strong Excel skills and ability to work with large datasets; Power Query, SQL, Python or automation exposure is advantageous.
• Strong analytical and problem-solving ability, with high standards of accuracy, diligence and control awareness.
• Ability to work independently, manage competing priorities and consistently meet deadlines in a fast-paced environment.
• Excellent written and verbal communication skills in English and confidence working across functions and time zones.

Working Environment:

• Dynamic, time-sensitive trading environment.
• Interaction with global teams, clients, counterparties and market infrastructure providers.
• Support for global FX trading activity across different time zones where required.
• Travel minimall
• 4 days in office, 1 day remote

Notice to Recruitment Agencies:

Please be advised that any résumé or CV submitted to us without: (i) prior onboarding with StoneX as an approved recruitment partner; and (ii) prior written authorization/instruction from StoneX’s Talent Acquisition Team, will be treated as an unsolicited and unapproved submission.

We may, at our discretion, review and consider such candidates; however, no placement fee, referral fee, or any other form of compensation will be payable to the submitting agency if the candidate is subsequently hired, and regardless of the agency’s involvement.

Submission of a résumé/CV in these circumstances will be deemed acceptance of these terms and these terms supersede any the agency seeks to impose on StoneX.