Job Description

The FX Operations Manager is responsible for the end‑to‑end management of Foreign Exchange (FX) middle‑ and back‑office operations. This role oversees the full FX trade lifecycle—from trade capture and confirmation through settlement, reconciliation, and control governance—while ensuring a robust risk and compliance environment.

What You'll Do:

FX Operations & Trade Lifecycle Management

• Oversee the complete FX trade lifecycle, including trade capture, validation, confirmation, settlements, reconciliation, and exception management.
• Support and manage operations across FX spot, forwards, swaps, NDFs, options, and structured products.
• Ensure trades are processed accurately and on time across internal and external systems.
• Maintain service-level–driven workflows with measurable KPIs and operational tracking.

Middle Office Oversight

• Manage trade enrichment, validation, and control checks.
• Support P&L reporting, exposure monitoring, and daily position controls.
• Oversee counterparty risk, settlement risk, and operational break management.
• Partner with Front Office as a trusted advisor while maintaining independence and escalation authority.

Back Office & Settlements

• Direct the FX settlements function, including nostro account management, payment processing, cash management, and regulatory reporting.
• Oversee relationships with custodians, correspondent banks, settlement service providers, and CLS (if applicable).
• Minimize settlement failures and ensure timely issue resolution.

Risk, Controls & Regulatory Compliance

• Design, implement, and maintain a comprehensive operational risk framework aligned with regulatory expectations (e.g., OCC, Fed, AML/KYC, sanctions).
• Partner with Risk and Compliance on issue identification, audits, regulatory examinations, and remediation efforts.
• Own incident management, root cause analysis, and the implementation of corrective actions.

Operational Strategy, Transformation & Technology

• Lead the build out or modernization of FX operational processes, including workflow re engineering and automation.
• Partner with Technology on system architecture, APIs, platform integration, and STP enhancements.
• Identify inefficiencies and champion digital tools, workflow optimization, and data driven decision making.
• Support onboarding and maintenance of FX systems (e.g., FXALL, Misys, GTSS, Bloomberg CMS, CLS, Omgeo/Alert).

Leadership & Stakeholder Engagement

• Manage, mentor, and develop a high performing FX operations team.
• Serve as the senior escalation point for internal and external counterparties.
• Provide executive level reporting on operational health, risks, trends, capacity, and readiness.
• Build strong cross functional partnerships across Treasury, Markets, Middle Office, Finance, Legal, Compliance, Technology, and Risk.

Qualifications

• 7–10+ years of FX operations experience, including middle and back office responsibilities.
• Demonstrated expertise in FX trade lifecycle processes, settlement mechanics, and operational controls.
• Experience managing operational teams in a financial institution.
• Strong understanding of U.S. regulatory frameworks applicable to FX businesses.
• Clear and concise communication skills, with the ability to interact at senior levels.

Education

• Bachelor’s degree in Finance, Economics, Accounting, or related field.
• An equivalent combination of education and/or relevant professional experience may be considered in lieu of a degree.

Special Instructions to Candidates

City National Bank of Florida is an Equal Opportunity Employer and is committed to providing equal employment opportunities to all applicants. We do not discriminate on the basis of race, color, religion, sex, pregnancy, national origin, age, disability, genetic information, protected veteran status, or any other status protected under federal, state, or Florida law. City National Bank of Florida complies with the Americans with Disabilities Act (ADA) and applicable Florida laws. Qualified individuals with disabilities who require a reasonable accommodation in order to complete the online application or participate in the hiring process may contact our Human Resources Talent Attraction Department talent.attraction@citynational.com.