Operations Analyst Foreign Exchange Operations (Buffalo NY) Job in Buffalo, New York US
Reference Code: 11040848
Location: Buffalo, NY, USA
Education Level: Bachelor's Degree
Description
ICG Operations is responsible for the management and execution of more than 3.5 Billion securities transactions each year. Our responsibilities include trade processing, confirmation, settlement, fail management, margin, asset servicing, risk management, client services and strategic change management. We also play a key role in supporting our Global Transaction Services (GTS) clients through our cash management services, treasury services, fund administration, securities lending, as well as other business critical banking products and services. In partnership with Sales, Trading, GTS, Information Technology and other teams from across the Bank, Operations professionals help develop and manage products, processes and services in ways that maximize profitability while minimizing risk. We apply a continual focus on improving productivity and efficiency, while seeking new and innovative ways to support our clients' changing needs.Responsibilities will include the timely investigation and resolution of Interbank / Corporate Compensation Claims. The candidate will need to effectively interact with the front office, operations, and external counterparties. For incoming claims, candidate will be responsible for logging incoming claim requests, investigating counterparty claims, managing aging, reducing costs where possible, and initiating payments and journal entries. For outgoing claims, candidate will identify (using reconciliation systems) payment delays by counterparty, investigate the delay, log/generate/enhance outgoing claims, manage aging, and follow up until resolution. In addition, the candidate may participate in procedural documentation, system testing, process improvements, and assist with training, escalations, and compliance functions.