Treasury Administration

Job Title:Treasury Administration Associate (FTC)
Location:London U.K.
Department:Operations
Employment Type:12 Months Fixed Term Contract
Work Pattern: FullTime

Overview:

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

What You Will Be Doing:

• 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 dealers 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 improve automation and STP within the department

Candidate Specification:

Sound understanding of Treasury Products and life cycle events.
Collateral Management Experience Pertaining to CSAs & GMRAs
Good knowledge of Swift messages including MT202 MT103 MT320 MT300
Educated to a high standard including good grade qualifications in Maths and English
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.
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.

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 on: