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Binance
Binance

FX Operations

Asia
Full-Time
Remote

TLDR

Oversee end-to-end FX conversion operations and manage relationships with banking partners to optimize vendor selection and ensure compliance with regulations.

Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. We are trusted by 300+ million people in 100+ countries for our industry-leading security, user fund transparency, trading engine speed, deep liquidity, and an unmatched portfolio of digital-asset products. Binance offerings range from trading and finance to education, research, payments, institutional services, Web3 features, and more. We leverage the power of digital assets and blockchain to build an inclusive financial ecosystem to advance the freedom of money and improve financial access for people around the world. Responsibilities

FX Operations & Execution:

  • Oversee end-to-end FX conversion operations including quote management, trade execution, and settlement across multiple banking API partners

  • Monitor real-time FX pricing engine performance — ensuring rate refresh latency, rate-lock accuracy, and best-rate vendor selection meet defined SLAs (99.9% uptime, 100% best-rate accuracy)

  • Manage and optimize intelligent vendor selection logic: net cost scoring, settlement speed, provider health scores, and geographic compliance checks

  • Handle escalations for failed transactions, rate staleness events, and provider API errors; drive root-cause resolution

    • Settlement & Reconciliation:

  • Own daily reconciliation across all currency inflows/outflows (T+1 target; 99.99% accuracy SLA)

  • Coordinate settlement flows across ISO 20022-compliant rails; resolve discrepancies

  • Partner with Finance and Clearing teams to maintain clean books and audit-ready records

  • Produce daily/weekly/monthly operations and reconciliation reports for senior management

    • Liquidity & Vendor Management:

  • Maintain and develop relationships with banking partners

  • Monitor liquidity depth for large transactions (>USD 50,000), ensuring competitive pricing and execution

  • Evaluate and onboard new liquidity providers; contribute to the multi-bank API integration roadmap

  • Negotiate FX spread tiers and volume incentives with providers

    • Risk & Compliance:

  • Work closely with Risk, Compliance, and Legal teams to ensure FX operations adhere to applicable regulations across all supported currency corridors

  • Monitor and enforce provider failover thresholds (>1% error rate triggers automatic exclusion)

  • Support the MLRO and compliance function with transaction monitoring, AML flags, and regulatory reporting as required

  • Maintain operational controls around MFA, risk controls, and FX desk licensing requirements (e.g., Nest Trading Limited expansion)

    • Cross-Functional Collaboration:

  • Partner with Product and Tech teams on new feature rollouts: recurring conversions, rate alerts, multi-currency wallet transfers, and remittance corridors

  • Contribute operational requirements and UAT support for new currency pair launches

  • Liaise with Customer Service on FX-related escalations; maintain SOP documentation

    • Requirements

  • Bachelor degree or above, prefer majoring in finance/International Business

  • 5+ years experience in payment industry or FX operations fields.

  • Interested in Cryptocurrencies, Blockchain and trading or finance/banking/payments industry.

  • Attention to detail with excellent communication skills and patience.

  • Data-savvy, understand basic metrics of operations.

  • Ability to troubleshoot and discover answers quickly and effectively.

  • Capable of working under pressure.

  • Cooperative with strong team spirit and a willingness to motivate colleagues on the Customer Support Team.

  • Fluent in English

    • Why Binance
    • Shape the future with the world’s leading blockchain ecosystem
    • Collaborate with world-class talent in a user-centric global organization with a flat structure
    • Tackle unique, fast-paced projects with autonomy in an innovative environment
    • Thrive in a results-driven workplace with opportunities for career growth and continuous learning
    • Competitive salary and company benefits
    • Work-from-home arrangement (the arrangement may vary depending on the work nature of the business team)

    Binance is committed to being an equal opportunity employer. We believe that having a diverse workforce is fundamental to our success.
    By submitting a job application, you confirm that you have read and agree to our Candidate Privacy Notice.
    Binance
    Binance

    Binance builds a comprehensive blockchain ecosystem centered around the largest cryptocurrency exchange globally, serving over 300 million users across more than 100 countries. We deliver a diverse range of financial services that encompass trading, payments, and institutional offerings, all backed by robust security and transparency. Our mission is to leverage the power of digital assets to enhance financial access and promote the freedom of money worldwide.

    Founded
    Founded 2017
    Employees
    11-50 employees
    Industry
    Internet Software & Services
    Total raised
    $10M raised
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