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Foreign Exchange Operations Specialist Jobs (NOW HIRING)

This role supports the bank's foreign exchange operations by handling investigations, managing ... The Specialist also contributes to maintaining compliance with regulatory requirements and may ...

Head of Exchange and Custody Operations Position Overview We're seeking an Exchange Operations Specialist to join our team and drive the future of digital asset trading. You'll be at the forefront of ...

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Foreign Exchange Operations Specialist information

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$30.5K

$68.4K

$111K

How much do foreign exchange operations specialist jobs pay per year?

As of Aug 25, 2026, the average yearly pay for foreign exchange operations specialist in the United States is $68,426.00, according to ZipRecruiter salary data. Most workers in this role earn between $48,000.00 and $81,500.00 per year, depending on experience, location, and employer.

What does a foreign exchange operations specialist do?

A Foreign Exchange Operations Specialist is responsible for managing and processing foreign currency transactions for banks or financial institutions. Their duties include ensuring accurate settlement of trades, monitoring exchange rates, handling compliance with regulatory requirements, and resolving discrepancies in international payments. They play a key role in minimizing risk and ensuring smooth, timely execution of FX transactions between clients and counterparties.

How does a foreign exchange operations specialist typically collaborate with other departments within a financial institution?

A Foreign Exchange Operations Specialist works closely with departments such as Treasury, Risk Management, Compliance, and Client Services to ensure the smooth processing of FX transactions. Collaboration often involves verifying trade details with front-office teams, coordinating settlement instructions with back-office staff, and ensuring regulatory requirements are met. Effective communication and teamwork are essential, as any discrepancies or delays can impact clients and the institution's financial standing. Regular meetings and cross-departmental workflows are common to resolve issues and maintain process efficiency.

What are the key skills and qualifications needed to thrive as a foreign exchange operations specialist, and why are they important?

To thrive as a Foreign Exchange Operations Specialist, you need a solid understanding of financial markets, currency products, and transaction processing, often supported by a degree in finance or business. Familiarity with FX trading platforms, SWIFT messaging, and settlement systems like CLS is typically required. Attention to detail, analytical thinking, and effective communication are crucial soft skills for managing high-value transactions and resolving discrepancies. These skills and qualifications are essential to ensure accurate, timely, and secure foreign exchange operations in a fast-paced financial environment.

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

AspectForeign Exchange Operations SpecialistCurrency Trader
CredentialsTypically requires finance or related certifications; knowledge of forex marketsOften has trading licenses or certifications; strong market knowledge
Work EnvironmentBank or financial institution back-office settingTrading floors, financial firms, or online trading platforms
Employer & IndustryFinancial institutions, banks, forex brokersInvestment firms, hedge funds, proprietary trading firms
Search & Comparison IntentUnderstanding operational roles in forexTrading strategies and market analysis

The main difference is that a Foreign Exchange Operations Specialist focuses on managing forex transactions, compliance, and settlement processes within financial institutions. In contrast, a Currency Trader actively buys and sells currencies to profit from market fluctuations. Both roles require forex market knowledge, but their daily tasks and objectives differ significantly.

What are foreign exchange operations?

Foreign exchange operations involve managing the buying and selling of currencies to facilitate international transactions, currency hedging, and risk management. A Foreign Exchange Operations Specialist typically handles transaction processing, compliance, and reconciliation within financial institutions or currency trading environments.
More about Foreign Exchange Operations Specialist jobs

What cities are hiring for Foreign Exchange Operations Specialist jobs?

Cities with the most Foreign Exchange Operations Specialist job openings:

What states have the most Foreign Exchange Operations Specialist jobs?

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

Infographic showing various Foreign Exchange Operations Specialist job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 11% Part Time, 1% Temporary, 2% Contract, and 1% Nights. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $68,426 per year, or $32.9 per hour.

IBO Foreign Exchange Specialist

Hancock Whitney Corp.

New Orleans, LA • On-site

Full-time

Posted 5 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

93rd 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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