Associate, Treasury Administration (Fixed Term Contract)

Job Purpose

Provide a professional service to all internal and external customers of the Bank and to ensure that the day-to-day processing of the Bank s Payments and Treasury transactions are completed with accuracy and in an efficient manner.

Responsibilities, Accountabilities & Deliverables:

• Process Treasury FX & MM transactions promptly and accurately, ensuring all deals have been checked against the dealers broker/Reuters conversations and have a matching swift confirmation prior to releasing payments.
• Processing security transactions on internal and external systems including the accurate input of bond static, manual processing of RFRs and the timely matching and settlement of securities on our custodian systems.
• Monitoring clearing status of newly executed Interest Rate Swap trades ensuring deals are cleared through the LCH via our clearing broker within regulatory timeframes.
• Accurate processing of Interest Swap transactions in our back-office system, including the checking of cashflow schedules to the dealer s records, booking upfront fees and accurately processing rate resets throughout the life of the trade.
• Daily monitoring and settlement of variation margin and initial margin requirements with our clearing broker pertaining to our centrally cleared interest rate swaps. Ensuring our clearing brokers daily margin call statement agrees to our own internal records.
• Daily monitoring and settlement of margin, ensuring that all margin obligations are met for our CSA and GMRA counterparties. Prompt escalation of margin disputes/differences to Treasury and Market Risk.
• Accurate processing of inward and outward payments for our customers and Treasury transactions. Ensuring that all payments are processed prior to currency cut off times and that all relevant departments are informed of receipt of funds in a timely manner.
• Daily position keeping of all currencies, including the daily reconciliation of statements from correspondent banks and nostro projection for upcoming payments. Notifying Treasury dealers of their positions within agreed timeframes.
• Monitor and update the Swift GPI tracker for London and Paris ensuring compliance to SWIFT GPI and Universal Confirmation results.
• Processing Libyan payments instructions ensuring all sanction checks are performed in accordance with departmental procedures and the banks policy.
• Daily nostro reconciliation. Reviewing and promptly resolving any outstanding items over the nostro ensuring detailed commentary has been provided and that aging items are promptly escalated to Head of Department.
• Ensure the departments procedure documents are regularly reviewed and kept up to date.
• Identify process improvement initiatives within the department and work with the team and the Head of Treasury Admin to implement changes and support in Lean Six Sigma Journey
• Resolve any queries received from internal and external stakeholders in a timely manner, escalating when required.
• Work closely with Colleagues across all other functions to maintain a cohesive team ethos.
• To assist Manager and team members such as Audit requests and assist with other activities as and when required.
• Support the Head of Treasury Administration with projects, system changes and working to Support the Head of Treasury Administration with projects, system changes and working to improve automation and STP within the department

Knowledge

• Sound understanding of Treasury Products and life cycle events.
• Collateral Management Experience Pertaining to CSA s & GMRA s
• Good knowledge of Swift messages including MT202, MT103, MT320,
  MT300
  

Education / Certifications

• Bachelor Degree or qualification in the following fields Finance, Banking,
  Accounting, Business or Risk Management

Experience

• Minimum 2 years experience in Treasury Operations department preferably
  acquired within an international banking environment.
• Experience with collateral management both bilateral and centrally cleared
• Swift payment processing both incoming and outgoing
• Understanding of regulatory requirements i.e., EMIR, MiFID, CSDR would be
  advantageous.

Personal Attributes

• Good communication Skills
• Ability to work well under pressure, often to tight deadlines
• Able to perform multiple tasks concurrently.

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.