Company Overview

The organisation provides technology-enabled financial services supporting foreign exchange trading and the associated movement of funds between financial institutions and counterparties. Its settlement control function prioritises accurate transaction matching, transparent exception tracking, and reliable financial records throughout the settlement cycle.

Role Summary

The FX Settlement Reconciliation Specialist will focus on matching settlement records against executed trades, payment confirmations, and bank statements. The role involves investigating cash and transaction breaks, monitoring unresolved settlement differences, and working with internal and external stakeholders to ensure that settlement records remain complete and accurate.

Key Responsibilities

• Perform daily reconciliation of FX settlement instructions, cash movements, and bank confirmations.

• Match settlement records against trade-management systems and relevant payment reports.

• Investigate discrepancies involving settlement amounts, currency codes, value dates, and transaction references.

• Identify missing receipts, duplicate payment entries, unmatched transactions, and unresolved cash differences.

• Coordinate with treasury, payments, finance, and banking partners to resolve reconciliation breaks.

• Maintain an exception log showing discrepancy details, ownership, ageing, and resolution status.

• Monitor outstanding settlement items and escalate aged or material differences.

• Support end-of-day and periodic settlement control reporting.

• Prepare documentation for internal reviews and operational control assessments.

• Recommend improvements to reconciliation procedures and settlement data quality.

Requirements and Qualifications

• Degree in Accounting, Finance, Banking, Economics, or a related field.

• Experience in settlement reconciliation, FX operations, cash reconciliation, or financial control.

• Strong understanding of foreign exchange settlements, payment records, and bank reconciliation.

• Advanced Excel skills, including lookup functions, pivot tables, and data comparison.

• Familiarity with banking systems, treasury platforms, or reconciliation software.

• Strong analytical skills and the ability to trace discrepancies to their underlying causes.

• Excellent attention to detail and effective exception-management skills.

• Knowledge of automated reconciliation tools, SWIFT messages, or SQL is beneficial.

Benefits

• Remote working opportunity within Estonia.

• Specialised experience in FX settlement controls and financial reconciliation.

• Collaboration with treasury, finance, and payment operations professionals.

• Opportunities to strengthen financial data analysis and exception-resolution skills.

• A structured environment focused on accurate records and continuous process improvement.

Application Instructions

Applicants should submit a current CV describing experience in settlement reconciliation, banking operations, or financial control. Include examples of investigating cash breaks, matching payment records, or improving reconciliation processes where available. Applications will be reviewed against the stated requirements.

Are you interested in this position?

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