Senior Associate - Operational Support

Job Title: Senior Associate
Location: London
Department: Operational Support
Employment Type: Permanent
Work Pattern: Full-Time

Core responsibilities for Operations Support

• Input of Client & Account Data into ABCIB Systems ensuring accuracy and complying that all appropriate documentation and KYC requirements are in place.
• Update the unblocking and re blocking of Dormant Sanctioned and Operational accounts.
• Manage the inputting of all other static data in ABCIB Systems as required (ie Holiday Data Currencies Receivables data SSIs etc).
• Collation of statements to be distributed to clients via mail or encrypted e-mail.
• Compiling the Audit requests/Balance confirmations received by ABCIB on behalf of Clients ensuring a timely turnaround.
• Assist with yearly audits.
• Manage internal/ external system access.
• Periodic recertification for users on internal/ external systems.
• Contact clients via telephone to complete callbacks for payment instructions with appropriate checks to ensure no fraudulent payment is made.
• Single Customer View (SCV) file preparation process during monthly internal tests ad-hoc training and PRA requests.
• Reconciliation of Deposit aggregators balances.
• Assist with the drafting of OREs and the implementation of any findings.
• Housekeeping of SWIFT message queues.
• Front Office/Back Office Reconciliation. (FOBO)
• Control SWIFT RMA SWIFT Messaging and rerouting for IB and SA.
• Stock/Security Accounts Monthly reconciliation of all ABCIB London security positions held at our depositories against our internal records.
• Assist department head with projects and other ad hoc tasks as and when needed.
• Implementing process improvements for the department on a yearly basis aka (FIKRAS).
• Maintain and update procedures as required.
• Performing and oversight of Reconciliations as per department procedures
  • Nostro Accounts:
  • Daily/Monthly Nostro Reconciliation workflow sign-off
  • Daily production of MI reporting / escalation of outstanding items
  • Monthly production of Key Risk Indicators (KRIs)
  • Suspense Accounts - Responsible for ensuring that all active suspense accounts are signed-off by the designated owner monthly and sending the completed declarations to the Head of Finance
• Performing various Middle Office functions including:
  • Reviewing counterparty limit excesses
  • Monitoring FX positions
  • Checking daily and month end revaluation rates
  • Monitoring FX P&L
  • Treasury Confirmation Matching oversight
  • Performing a Trade Surveillance function to mitigate the risk of inappropriate activity by the dealing room.

Candidate Specification:

• Banking knowledge
• Good understanding of the bank and its products
• Knowledge of Internal Control processes
• Must be educated to at least A Level or equivalent
• Good general working experience of the Banking and IT system environment
• 2-5 years Operational and T&TR experience
• FCA / Regulatory change
• Good communication Skills
• Ability to work well under pressure often to tight deadlines
• Able to perform multiple tasks concurrently
• Pro-active and forward thinking

Equal Employment Opportunity

Bank ABC is committed to the principles of equal employment opportunity for all employees and applicants and in accordance with applicable laws does not discriminate on the basis of sex gender identity gender expression race color religion national origin ancestry age marital status disability medical condition sexual orientation or on any other basis prohibited by law.

We welcome applications from people with disabilities and are committed to providing reasonable adjustments where necessary to make interviews and jobs more accessible. Should you have any difficulty during the recruitment process require any reasonable adjustments or an application to Access to work please contact the recruitment lead.