Company Overview

The organisation operates within the foreign exchange and financial technology industry, supporting international currency transactions and digital financial operations. Its activities involve foreign exchange settlement, treasury processes, financial institution connectivity and transaction administration.

The organisation is committed to maintaining accurate financial records, dependable settlement processes and effective operational controls across its foreign exchange services. It values professionals who understand international banking operations and can contribute to efficient currency transaction management.

Role Summary

The Foreign Exchange Settlement & Nostro Reconciliation Analyst will oversee operational activities associated with foreign exchange settlement and the reconciliation of accounts maintained with other financial institutions.

The role focuses on monitoring currency settlement instructions, reconciling Nostro account balances, investigating payment discrepancies and coordinating the resolution of outstanding transactions. The successful candidate will work closely with treasury, dealing, payment operations and banking partners to ensure that foreign exchange transactions are accurately processed and settled.

Key Responsibilities

• Monitor daily foreign exchange settlement activities across supported currency pairs.

• Coordinate the processing and confirmation of foreign exchange settlement instructions.

• Reconcile Nostro account statements against internal transaction and ledger records.

• Investigate unmatched entries, settlement differences and outstanding currency transactions.

• Monitor settlement deadlines and coordinate timely resolution of operational exceptions.

• Review transaction confirmations and supporting documentation for accuracy.

• Liaise with correspondent banks and financial institutions regarding settlement discrepancies.

• Support the investigation of delayed, rejected or incorrectly processed foreign exchange payments.

• Maintain accurate records of settlement activities, reconciliation results and outstanding items.

• Coordinate with treasury and dealing teams to verify trade-related settlement information.

• Prepare daily and periodic reports covering settlement positions and reconciliation exceptions.

• Monitor foreign exchange settlement exposures and escalate operational concerns through established procedures.

• Assist with improvements to settlement workflows and reconciliation processes.

• Support the implementation of automated reconciliation tools and treasury operations systems.

• Maintain documentation covering settlement procedures, account reconciliation and operational controls.

Requirements and Qualifications

• Bachelor’s degree in Finance, Accounting, Banking, Economics or a related discipline.

• Professional experience in foreign exchange operations, treasury, payment processing or banking reconciliation.

• Strong understanding of foreign exchange settlement processes and international banking operations.

• Knowledge of Nostro and Vostro accounts and correspondent banking arrangements.

• Familiarity with SWIFT messaging and international payment processes is advantageous.

• Understanding of settlement confirmations, transaction matching and financial reconciliation.

• Proficiency in Microsoft Excel and financial reporting tools.

• Experience with treasury management or payment processing systems is beneficial.

• Strong numerical reasoning and attention to detail.

• Ability to investigate complex financial discrepancies and manage outstanding items.

• Good communication and coordination skills.

• Ability to work independently while meeting strict operational deadlines.

Benefits

• Fully remote employment within Estonia.

• Opportunity to specialise in foreign exchange settlement and treasury operations.

• Exposure to international banking systems and currency settlement infrastructure.

• Professional development in treasury operations and financial reconciliation.

• Collaboration with experienced foreign exchange and banking professionals.

• Opportunity to contribute to improvements in settlement accuracy and operational efficiency.

• Long-term career development within the forex and fintech industry.

Application Instructions

Candidates should submit an updated CV detailing their experience in forex operations, treasury, Nostro reconciliation or international payment processing. Applicants should highlight their knowledge of foreign exchange settlement, correspondent banking, SWIFT processes and financial reconciliation procedures.

Are you interested in this position?

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