Treasury Operations

International Bank based in the City of London

Salary: £TBC

Responsibilities

• 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 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.
• Reviewing 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.
• 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.
• 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 improve automation and STP within the department.