Description

Summary:

The Foreign Exchange (FX) Operations Analyst 1 ensures all aspects of foreign exchange trades / transactions are confirmed timely, complete, accurate and there is an appropriate record of the confirmation as well as settlements ensuring timely payment.

Duties and Responsibilities:

Evaluate / review multiple trades, including multi-currency trades and complex option structures maturing daily and work with client/marketer to calculate net settlement.

Research and resolve all issues related to transactions.

Partner with OFAC team and client involving all related issues.

Work with audit / risk team to provide information and test internal controls. 

Prepare or assist in preparation of procedures and job aides, training new team members as well as performing quality checks on departmental work.

Partner with Risk / Compliance.

Participate in high profile / special projects.

Partner with external contacts to handle all inquiries / issues.

Perform other duties as assigned.

This is a hybrid position. You must be located near 5555 Cleveland Ave Columbus, Ohio or 200 Public Sq. Cleveland, Ohio.

Basic Qualifications:

High School Diploma or equivalent

1 or more years of foreign exchange experience

Preferred Qualifications:

A Foreign Exchange Operations Specialist provides customer service and internal employee service pertaining to foreign exchange, foreign wire transfers, and hedging contracts. Responsible for back-office functionalities of FX platform, such as settlements, confirmations, reconciliations, customer inquiries, new customer onboarding, and other affiliated systems.Input and manage daily foreign exchange rates into online banking platform.Responsible for dedicated FX portal including demonstrations for new and prospective customers, maintenance, onboarding, and customer service.Process outgoing and incoming foreign wire payments.Responsible for timely resolution related to client inquiries, transaction activity issues, and wire investigations.Process daily journal entries and monthly eCertifications of Nostro, general ledgers, and miscellaneous accounts.Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities – knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.May be asked to coach, mentor, or train others and teach coursework as subject matter expert.Actively learns, demonstrates, and fosters the Umpqua corporate culture in all actions and words.Takes personal initiative and is a positive example for others to emulate.

#LI-Hybrid

Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)

No

Workplace Type:

Office

Our Approach to Office Workplace Type

Certain positions outside our branch network may be eligible for a flexible work arrangement. We’re combining the best of both worlds:  in-office and work from home. Our approach enables our teams to deepen connections, maintain a strong community, and do their best work. Remote roles will also have the opportunity to come together in our offices for moments that matter. Specific work arrangements will be provided by the hiring team.

Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.

Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.

Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position

Huntington will not sponsor applicants for this position for immigration benefits, including but not limited to assisting with obtaining work permission for F-1 students, H-1B professionals, O-1 workers, TN workers, E-3 workers, among other immigration statuses. Applicants must be currently authorized to work in the United States on a full-time basi