India Cash & Foreign Exchange Operations - Analyst

Join a fast-moving operations role where accuracy and sound judgement directly protect clients and the business. You will support cross-border foreign exchange flows end-to-end, working under tight service-level commitments and high transaction volume. This role is ideal if you are dependable, agile, and motivated by solving complex payment and investigation cases.

As an Analyst in Foreign Exchange Operations, you will own end-to-end processing, controls, and investigation of trade and non-trade foreign exchange transactions. You will validate purpose codes, deal references, and supporting documentation in line with Foreign Exchange Management Act and Reserve Bank of India requirements, as well as sanctions guidelines. You will manage investigations such as rejects, returns, recalls, and beneficiary non-receipts using payment tracking and case management tools. You will also perform nostro/vostro reconciliations, clear breaks, and maintain audit-ready evidence through maker-checker controls. You will drive continuous improvement through root-cause analysis and updates to standard operating procedures.

Job responsibilities

• Execute and validate cross-border foreign exchange payments, ensuring accurate capture and timely processing.
• Validate purpose codes, deal references, supporting documents, charges, foreign exchange rates, and tax implications in line with regulatory requirements.
• Perform documentary checks for trade transactions, including invoices, shipping and transport evidence, bill of entry and authorised dealer codes, export realisation documents, and underlying contracts.
• Track export realisation and import remittance timelines and support required regulatory submissions for current and capital account flows.
• Validate eligibility and limits under the Liberalised Remittance Scheme and other applicable Foreign Exchange Management Act provisions.
• Maintain auditable evidence, apply maker-checker controls, and escalate exceptions or suspicious activity to compliance per policy.
• Lead investigations for rejects/returns/recalls, amendments, and beneficiary non-receipts using payment tracking and internal case tools, driving timely resolution.
• Perform root-cause analysis on recurring issues, update standard operating procedures, and support targeted knowledge-sharing to reduce repeat errors.
• Reconcile nostro/vostro accounts and end-of-day balances, clear breaks and ageing items, and complete daily control sign-offs.
• Enforce operational risk controls and segregation of duties, including sanctions screening and name-list checks.
   

Required qualifications, capabilities, and skills
 

• Bachelor’s degree in Commerce, Finance, or Business.
• Minimum 2 years of hands-on experience in foreign exchange operations covering trade and non-trade flows within a bank or global financial institution.
• Strong knowledge of Foreign Exchange Management Act and Reserve Bank of India requirements for current and capital account transactions.
• Experience with purpose-code mapping, documentation standards, export realisation timelines, and Liberalised Remittance Scheme limits.
• Experience performing documentary checks for trade-related foreign exchange transactions and managing regulatory evidence.
• Experience managing investigations for payment rejects, returns, recalls, and beneficiary non-receipts using payment tracking and case tools.
• Experience performing nostro/vostro reconciliations, clearing breaks, and completing end-of-day controls.
• Strong stakeholder management and communication skills across treasury, trade operations, compliance, and client service teams.
• Ability to deliver accurate outcomes under high volume and tight service-level commitments.
• Strong attention to detail, control discipline, and sound escalation judgement.

 

Preferred qualifications, capabilities, and skills

• Certified Anti-Money Laundering Specialist qualification (or in progress).
• Advanced Microsoft Excel skills; familiarity with Tableau and/or Alteryx.
• Experience improving processes through root-cause analysis and standard operating procedure enhancements.