FX/MM Settlements Job in EC2R, Bassishaw, Greater London. Apply for the latest EC2R, Bassishaw, Greater London jobs in Accounting/Financial/Insurance.
FX/MM Settlements Job in EC2R, Bassishaw, Greater London
Job Description
Our client an international bank is seeking a treasury administration to join their team on a 12 month.
It is essential for all applicants to have previous FX/MM settlement experience gained in a UK bank.
The successful candidate will 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,
* 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.
* 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.
* Support the Head of Treasury Administration with projects, system changes and working to improve automation and STP within the department
Knowledge & Experience
* 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
* 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
Job Type: Contract, Full Time
Location: EC2R, Bassishaw, Greater London
Category: Accounting/Financial/Insurance
City: Bassishaw
County: City and County of the City of London
Country: United Kingdom
Salary: £30000 – £35000/annum Plus standard banking benefits
Benefits: Plus standard banking benefits
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