4 Foreign Exchange Clerk Job Description Templates and Examples

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are looking for a detail-oriented Junior Foreign Exchange Clerk to join our dynamic finance team at [$COMPANY_NAME]. In this role, you will assist in the processing of foreign currency transactions and support our clients in navigating the complexities of currency exchange. This position is an excellent opportunity for recent graduates or individuals with a keen interest in finance to develop their skills in a fast-paced environment.

Responsibilities

• Assist in executing foreign exchange transactions accurately and efficiently, ensuring compliance with regulatory requirements
• Monitor exchange rates and market trends to provide timely updates to clients and internal stakeholders
• Collaborate with senior clerks to reconcile accounts and resolve discrepancies in transaction records
• Maintain detailed records of all transactions, ensuring data integrity and accuracy
• Provide administrative support to the foreign exchange team, including preparing reports and documentation
• Engage with clients to address inquiries and provide information on currency exchange services

Required and Preferred Qualifications

Required:

• Bachelor's degree in Finance, Economics, or a related field
• Strong analytical skills with a keen attention to detail
• Basic understanding of foreign exchange markets and trading principles

Preferred:

• Previous internship or relevant experience in financial services
• Familiarity with financial software and tools
• Proficiency in Microsoft Excel and data analysis techniques

Technical Skills and Relevant Technologies

• Ability to analyze market data and trends
• Familiarity with foreign exchange trading platforms and systems
• Basic knowledge of financial regulations and compliance standards

Soft Skills and Cultural Fit

• Strong communication skills, both verbal and written
• Ability to work collaboratively in a team-oriented environment
• Proactive approach to problem-solving and attention to detail
• Adaptability to changing market conditions and priorities
• Enthusiasm for learning and professional development in the finance sector

Benefits and Perks

Salary: [$SALARY_RANGE]

In addition to competitive compensation, we offer a range of benefits, including:

• Comprehensive health, dental, and vision insurance
• Retirement savings plan with company match
• Generous paid time off and holiday schedule
• Professional development opportunities and training programs

Equal Opportunity Statement

[$COMPANY_NAME] is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.

Location

This role is hybrid, requiring candidates to work from the office at least three days a week, at our location in [$COMPANY_LOCATION].

We encourage applicants from diverse backgrounds to apply, even if you do not meet all the specified qualifications. Your unique experiences and perspectives are valuable to us!

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

As a Foreign Exchange Clerk at [$COMPANY_NAME], you will play a critical role in facilitating the buying and selling of foreign currencies, ensuring accuracy and compliance with regulatory requirements. You will work closely with traders and financial analysts to execute trades efficiently while providing exceptional customer service to clients.

Responsibilities

• Process foreign currency transactions with precision, ensuring accuracy in all trades and settlements
• Monitor exchange rates and market trends to provide real-time updates and insights to clients and traders
• Maintain up-to-date knowledge of regulatory requirements and compliance standards in the foreign exchange market
• Collaborate with trading teams to optimize trading strategies and improve operational efficiencies
• Assist in the preparation of reports related to currency transactions and market activities
• Provide excellent customer service to clients, addressing inquiries and resolving issues promptly

Required and Preferred Qualifications

Required:

• Associate degree in finance, economics, or a related field
• 1-3 years of experience in a financial services role, preferably in foreign exchange or trading
• Strong analytical skills and attention to detail
• Familiarity with financial markets and currency trading platforms

Preferred:

• Bachelor's degree in finance, economics, or a related field
• Experience with trading systems and financial software
• Knowledge of international regulations affecting foreign exchange transactions

Technical Skills and Relevant Technologies

• Proficient in Microsoft Excel for data analysis and reporting
• Experience with trading platforms such as Bloomberg, Reuters, or similar
• Understanding of risk management practices in currency trading

Soft Skills and Cultural Fit

• Excellent communication and interpersonal skills to effectively collaborate with team members and clients
• Ability to work under pressure in a fast-paced environment
• Strong problem-solving skills and a proactive approach to challenges
• Detail-oriented with a commitment to accuracy and compliance

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

Additional benefits may include:

• Health, dental, and vision insurance
• Retirement savings plan with company matching
• Paid time off and holidays
• Professional development opportunities

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law.

Location

This role requires successful candidates to be based in-person at [$COMPANY_LOCATION].

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

We are seeking a detail-oriented and experienced Foreign Exchange Supervisor to lead our foreign exchange operations. In this role, you will oversee the daily execution of FX transactions, ensuring compliance with regulatory standards while optimizing trade execution and risk management strategies. Your expertise will guide a team of traders and analysts, fostering a high-performance culture focused on accuracy and efficiency.

Responsibilities

• Supervise and manage the foreign exchange trading desk, ensuring optimal trade execution and adherence to compliance requirements.
• Develop and implement trading strategies to maximize profitability while managing risk exposure.
• Oversee the daily operations of foreign exchange transactions, including spot, forward, and swap transactions.
• Collaborate with risk management teams to monitor and mitigate risks associated with foreign exchange trading.
• Conduct regular training and development sessions for team members to enhance their trading skills and market knowledge.
• Prepare and present reports on trading performance, market trends, and regulatory changes to senior management.

Required and Preferred Qualifications

Required:

• 5+ years of experience in foreign exchange trading or operations, with a track record of managing trading teams.
• Strong understanding of FX markets, trading strategies, and regulatory requirements.
• Proven ability to analyze market data and make informed trading decisions under pressure.
• Excellent communication and interpersonal skills, with the ability to lead and motivate a team.

Preferred:

• Master's degree in Finance, Economics, or a related field.
• Experience with algorithmic trading and advanced trading technologies.
• Certifications such as CFA or Financial Risk Manager (FRM) are a plus.

Technical Skills and Relevant Technologies

• Proficiency in trading platforms and tools used for FX trading, such as Bloomberg, Reuters, or MetaTrader.
• Experience with data analysis tools and programming languages like Python or R for analyzing market trends.
• Familiarity with risk management software and methodologies.

Soft Skills and Cultural Fit

• Strong analytical and problem-solving abilities, with attention to detail.
• Ability to thrive in a fast-paced, dynamic environment while maintaining composure under pressure.
• Exceptional organizational skills and the capability to manage multiple priorities effectively.
• A collaborative mindset with a commitment to driving team success.

Benefits and Perks

Annual salary range: [$SALARY_RANGE]

Additional benefits may include:

• Health, dental, and vision insurance
• Retirement savings plan with company match
• Paid time off and holidays
• Professional development opportunities

Equal Opportunity Statement

[$COMPANY_NAME] is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law.

Location

This role requires successful candidates to be based in [$COMPANY_LOCATION].

Company Overview

[$COMPANY_OVERVIEW]

Role Overview

As a Senior Foreign Exchange Clerk at [$COMPANY_NAME], you will be the subject-matter authority for all FX cash, wire, and documentary transactions, ensuring regulatory compliance, optimizing liquidity, and safeguarding against currency risk. You will design and refine FX dealing workflows, mentor junior clerks, and partner with Treasury, Compliance, and Trading Desks to deliver best-in-class FX services to corporate and retail clients across [$COMPANY_LOCATION] and global markets.

Responsibilities

• Execute and settle spot, forward, and swap transactions in G10 and emerging-market currencies via Bloomberg FXGO, 360T, and proprietary OMS while maintaining sub-second latency standards.
• Reconcile nostro and vostro positions in multi-currency ledgers (SWIFT MT940/MT950) daily, escalating breaks >USD 50 K within T+1 and driving root-cause remediation.
• Validate KYC/AML documentation for cross-border payments, ensuring adherence to FATCA, OFAC, and FinCEN 31 CFR 1010.410(g) record-keeping requirements.
• Build and maintain FX rate feeds (Fixing, ECB, WM/Reuters) in SQL and Python, automating mark-up logic that reduced manual pricing errors by 35 %.
• Produce P&L and exposure reports for Front Office, capturing delta, gamma, and theta risk metrics under IFRS 9 hedge-accounting rules.
• Lead monthly FX audit walkthroughs with internal and external auditors, providing sample trade tickets, confirmations, and settlement evidences.
• Mentor a team of 3–5 clerks on SWIFT message parsing, CLS settlement cycles, and exception-handling playbooks.
• Negotiate liquidity lines with correspondent banks, optimizing credit utilization and reducing FX funding costs by 12 % YoY.

Required Qualifications

• 5+ years of FX operations experience within a bank, broker-dealer, or multinational corporate treasury.
• Expert command of SWIFT MT300, MT202, MT103, MT950, and ISO 20022 pacs.009 payment messages.
• Proficiency with Bloomberg Terminal, Reuters Eikon, and at least one OMS/EMS (FlexTrade, Murex, Calypso, or similar).
• Demonstrated track record of managing daily FX turnover exceeding USD 250 M with <0.01 % error rate.
• Advanced Excel (pivot tables, Power Query) and SQL skills for data mining and reconciliation automation.
• Professional certification (ACI Dealing Certificate, CFA Level I, or CAMS) preferred.

Preferred Qualifications

• Experience with CLS third-party and aggregation services, including CLSNow and CLSSettlement.
• Knowledge of Python or VBA for scripting rate upload files and STP workflows.
• Exposure to FX algorithmic execution strategies (TWAP, Iceberg) and TCA reporting.
• Familiarity with EMIR and MiFID II trade-reporting obligations.

Technical Skills and Relevant Technologies

• SWIFT Alliance Access & Alliance Lite2
• Bloomberg FXGO, FXALL, 360T
• Murex, Calypso, or Summit
• SQL Server, PostgreSQL, and data visualization (Tableau, Power BI)
• CLS, Fedwire, CHAPS, SEPA, and local clearing interfaces
• Windows Active Directory, ServiceNow ticketing, and SOC 1/SOC 2 controls

Soft Skills and Cultural Fit

• Meticulous attention to detail evidenced by error-free nostro reconciliation sign-offs.
• Calm decisiveness during market volatility (NFP releases, central-bank announcements).
• Collaborative communicator who translates trade-jargon into concise briefings for Finance and Risk committees.
• Proactive educator—hosts lunch-and-learn sessions on FX best practices.
• High ethical bar; champions whistle-blower policies and compliant trading conduct.

Benefits and Perks

Base salary range: [$SALARY_RANGE] plus discretionary FX desk bonus tied to cost savings and FX income.

• Employer-covered medical, dental, and vision plans for employee and dependents.
• 401(k) / pension match up to 6 %.
• Annual $2 K professional-development stipend (ACI, CFA, or fintech coursework).
• Hybrid work flexibility—3 days in-office, 2 days remote.
• On-site currency-trading floor with Bloomberg pantry, ergonomic sit-stand desks, and 24/7 access.

Equal Opportunity Statement

[$COMPANY_NAME] is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. Qualified applicants receive consideration without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, disability, or veteran status.

Location

This is a hybrid position based in [$COMPANY_LOCATION]. Candidates must be within commutable distance and present in the office at least three days per week to facilitate real-time collaboration with Trading and Treasury teams.