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Foreign Exchange Operations Jobs (NOW HIRING)

Hancock Whitney Bank

This role supports the bank's foreign exchange operations by handling investigations, managing account balances, reconciling suspense accounts, and providing excellent service to bankers and clients.

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Foreign Exchange Operations information

See salary details

$11

$21

$31

How much do foreign exchange operations jobs pay per hour?

As of Aug 27, 2026, the average hourly pay for foreign exchange operations in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $16.83 and $24.28 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in foreign exchange operations?

To excel in Foreign Exchange Operations, you need a solid understanding of financial markets, FX products, and transaction processes, often supported by a finance or business degree. Familiarity with trading platforms, SWIFT messaging, and risk management systems, as well as certifications like ACI Dealing Certificate, are commonly required. Attention to detail, strong analytical thinking, and effective communication are crucial soft skills for this role. These abilities help ensure accurate trade settlements, compliance with regulations, and efficient coordination across global teams.

What are some common challenges faced in foreign exchange operations, and how can they be addressed?

Professionals in Foreign Exchange Operations often encounter challenges such as managing tight settlement deadlines, dealing with fluctuating exchange rates, and ensuring compliance with regulatory requirements. Effective communication and coordination with both internal teams and external banking partners are crucial to resolve discrepancies quickly and prevent settlement failures. Staying updated on regulatory changes and adopting automation tools can help reduce manual errors and improve efficiency in daily operations.

What is the difference between Foreign Exchange Operations vs Foreign Exchange Trader?

AspectForeign Exchange OperationsForeign Exchange Trader
Primary RoleManage and support currency exchange transactions, ensure compliance, and handle back-office functionsExecute currency trades, analyze market trends, and make trading decisions
Required SkillsKnowledge of banking procedures, compliance, and transaction processingMarket analysis, trading strategies, and risk management
Work EnvironmentBack-office, banking institutions, financial firmsTrading floors, financial institutions, brokerage firms
CertificationsPossibly relevant banking or compliance certificationsFinancial certifications like CFA or Series 7 may be preferred

Foreign Exchange Operations focuses on managing currency exchange processes and ensuring smooth transaction flow, while Foreign Exchange Traders actively buy and sell currencies based on market analysis. Both roles are essential in the forex industry but differ in responsibilities and skill sets.

Is foreign exchange operations a good job?

Foreign exchange operations involve managing currency transactions and require strong analytical skills, attention to detail, and knowledge of financial markets. The role can offer competitive salaries, opportunities for advancement, and a dynamic work environment, especially in banking or financial institutions. However, it may also involve high-pressure situations and irregular hours depending on the market activity.

What are foreign exchange operations?

Foreign exchange operations involve managing the buying and selling of currencies to facilitate international trade, investment, and currency risk management. Professionals in this field handle currency transactions, monitor exchange rates, and ensure compliance with financial regulations, often using trading platforms and financial analysis tools.

What states have the most Foreign Exchange Operations jobs?

States with the most job openings for Foreign Exchange Operations jobs include:

What job categories do people searching Foreign Exchange Operations jobs look for?

The top searched job categories for Foreign Exchange Operations jobs are:

Foreign Exchange Operations jobs near you
Infographic showing various Foreign Exchange Operations job openings in the United States as of August 2026, with employment types broken down into 100% Full Time. Highlights an 100% In-person job distribution, with an average salary of $44,307 per year, or $21.3 per hour.

IBO Foreign Exchange Specialist

Hancock Whitney Corp.

New Orleans, LA • On-site

Full-time

Posted 8 days ago

Hancock Whitney Bank rating

7.7

Company rating: 7.7 out of 10

Based on 27 frontline employees who took The Breakroom Quiz

94th of 172 rated banks

Job description

Thank you for your interest in our company! To apply, click on the button above. You will be required to create an account (or sign in with an existing account). Your account will provide you access to your application information. The email address used in establishing your account will be used to correspond with you throughout the application process. Please be sure and check the spam folder. You may review, modify, or update your information by visiting and logging into your account.
The Foreign Exchange Specialist 1 is responsible for the accurate and efficient processing of foreign exchange transactions, including foreign checks, currency wires, and banknote exchanges. This role supports the bank's foreign exchange operations by handling investigations, managing account balances, reconciling suspense accounts, and providing excellent service to bankers and clients. The Specialist also contributes to maintaining compliance with regulatory requirements and may assist with special projects or other areas of International Banking operations as needed.
ESSENTIAL DUTIES & RESPONSIBILITIES:
  • Process foreign checks through Cash Letter and Check Collection.
  • Book, instruct, and release foreign currency wires in the FX wire system, including handling investigations and processing returns.
  • Prepare cash letters and process outgoing check collections and payments received.
  • Provide rate quotes for foreign exchange wires and forward contracts to bankers and clients.
  • Place online orders for foreign currency funding and banknotes for downstream banks.
  • Monitor and manage the bank's foreign currency account balances.
  • Reconcile the department's suspense general ledgers (GLs) to ensure accuracy and compliance.
  • Ensure adherence to regulatory requirements, including OFAC, BSA/AML, and internal policies.
  • Respond to inquiries from bankers and clients, offering guidance on foreign exchange transactions.
  • Communicate effectively to explain complex foreign exchange products, including forward contracts.
  • Support other areas of International Banking Operations as needed.
  • Participate in special projects and contribute to process improvement initiatives.

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:
  • Associate degree in Business, Finance, or Accounting preferred.
  • 2 years of relevant experience in foreign exchange or international banking.
  • Knowledge of foreign exchange systems and processes is an asset.
  • Strong understanding of foreign exchange products, including wires and forward contracts.
  • Knowledge of regulatory requirements such as OFAC and BSA/AML.
  • Excellent verbal and written communication skills.
  • Proficiency in reconciliation and managing financial accounts.

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:
  • Ability to work under stress and meet deadlines
  • Ability to lift/move/carry approximately 20 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an "undue hardship" then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.

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