FX Operations
Job Description
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.
Requirements
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
About Binance
Binance is at the forefront of the global blockchain revolution, serving as the world's largest cryptocurrency exchange by trading volume. Our mission is to increase the freedom of money globally, and we are committed to building a robust ecosystem of products and services that empower individuals with financial autonomy. From advanced trading platforms to innovative blockchain solutions, we are constantly expanding our offerings to meet the evolving needs of the digital economy. Our culture thrives on innovation, collaboration, and a relentless pursuit of excellence. We foster an environment where bold ideas are encouraged, and every team member, especially in our growing Pakistani operations, is empowered to contribute significantly to our global impact. We value transparency, integrity, and a strong sense of responsibility to our users and the broader blockchain community. Working at Binance means being part of a diverse, global team that is passionate about shaping the future of finance. Joining Binance in Pakistan offers unparalleled opportunities for career growth and professional development within a rapidly expanding industry. With hundreds of open positions worldwide, we are looking for talented individuals who are eager to make a tangible difference. If you are driven by challenge, keen to innovate, and want to be part of a company that is redefining the financial landscape, explore our careers and embark on a rewarding journey with Binance.
Ready to Apply?
To submit your application for this position, please visit Binance's official website and follow their application process.