Frank Bingel available

Frank Bingel

FX/MM Confirmations

Profileimage by Frank Bingel FX/MM Confirmations from
  • Freelancer in
  • Graduation: Treasury and Trade Finance
  • Hourly-/Daily rates: 10 £/hour 150 £/day
  • Languages: German (Elementary) | English (Native or Bilingual)
  • Last update: 30.07.2018
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FX Back Office

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fx settlements
fx confirmations
fx investigations
trade support
Barclays Africa - Investigations Payments Consultant
(June 2017-May 2018)

  • Nostro cash breaks of Foreign Exchange (FX)
  • Checking Credit authorisation and indemnities for clients-Ensure funding is secured.
  • Following SLA protocol. Ensuring non-receipt of funds are promptly followed up and resolved
  • Aged breaks - Facilitated resolution
  • FX trade breaks - Accurate and timely resolution
  • Monitoring solutions to alleviate losses to the bank and its stakeholders
  • Controlling contact point of escalations and direct resolution for clients
  • Forex Investigations (swift, email and telephone)
  • Controlling investigations for both the outwards and inwards department payments
  • Midas System Controller of captured deals and instigating corrections

Language Skills Development
Studies: German: CEFR B1 – Goethe-Institute, Cape Town
(July 2016 –ongoing)

Standard Bank - Commodities Confirmation Officer
(Sep 2015 – May 2016)

  • Commodities Trading Desk - Back office functions
  • KNOX - Verification of trades
  • Documentation generation confirmations to clients
  • Intellimatch - Monitor and match incoming confirmations
  • Legal compliance of confirmation documentation
  • Hoops and Knox Internal reconciliations
  • FEDS/KNOX - Reconciliations
  • Discrepancies - Monitoring and escalating on detection
  • MIS data reporting

Barclays Capital London - CLS/FX Confirmations Specialist
(Sep 2012 – Jan 2015)

Transferred with department to Mumbai

  • Managed CLS confirmations desk for Barclays London.
  • Raising of CLS static and all training within a high-volume environment, liaising with middle office PB and Core Data Maintenance to resolve CLS issues
  • One of 2 Authorized signatory
  • Transferred as an SME to Mumbai to run CLS and the Money Market process
  • Co-ordination with front office desks such as Sales, Trading and Prime Brokerage; back office support functions such as BARX Support, Client Data and IT; as well as external clients to investigate and resolve issues relating to unmatched/mismatched FX/MM confirmations
  • Supported MM Alleged process as well as FX financials. Trader liaison and query resolution
  • Provided a bespoke service for Premier clients. Use extensive knowledge of confirmation issues and the function as a whole to ensure exceptional client service is provided to the firm’s high value, or sensitive clients
  • Understanding of processes in order to drive synergies within FX Confirmations
  • Monitor exception queues within the electronic confirmation matching systems (Intellimatch, FXall, GTSS and Misys)
  • Provide operational support to the Asian, London & New York based traders
  • Provide accurate handover reports to London & New York operations for Management Information (MI) reporting purposes

JP Morgan Worldwide Securities Services, South Africa (contract)
(Dec 2010 – June 2011)

  • Overseeing of all cash related transactions on Hiport system
  • Releasing of Electronic Fund Transfers (EFTs)
  • Second sign-off of cash-related instructions processed within the team
Travelling to South Africa to deal with family illness. Jan 10 – Dec 10
Royal Bank of Scotland, London/Chicago - FX Associate
(July 2005 – Dec 2009)

Transferred with department to Chicago

  • Sent as a SME (Subject Matter Expert) to train and supervise staff in Chicago as a result of the acquisition of ABN AMRO by RBS
  • Played an integral role in the transition process from London to Chicago
  • Managed a small team domiciled in Chicago including Toronto staff members.
  • Engaged in training on all FX netting functions, processing and authentication of payment instructions through Wall Street in-house system. Extracting and supervising loading of Standard Settlement Instructions
  • Responsible for all training on Electronic Platforms namely FXALL, CMS (Misys)and GTSS for Chicago and Toronto staff. Managed entire confirmations process from Chicago
  • Monitored and actioned entire CLS function and training, liaising with middle office, PB and Core Data Maintenance to resolve CLS issues
  • Conducted the settlement process for FX/MM including Non-Deliverable Forwards for NY based clients using the Wall Street system. Swift super-user
  • Monitored exception queues re failed trades and adherence to cut-off times
  • Investigations of non-receipt or non-payment of funds
  • Investigating failed trades and journal posting and reconciliations