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- Tasks: Join our team to process Treasury transactions and ensure accurate payments daily.
- Company: Be part of a dynamic international bank located in the heart of the city.
- Benefits: Enjoy a 12-month fixed-term contract with opportunities for growth and learning.
- Why this job: Gain hands-on experience in finance while working in a collaborative and supportive environment.
- Qualifications: Must have at least 2 years in Treasury Operations, preferably in international banking.
- Other info: Ideal for those looking to enhance their skills in a fast-paced financial setting.
The predicted salary is between 36000 - 60000 £ per year.
City based International Bank are currently recruiting within their Operations team. It’s a 12 month fixed term contract, working as a Treasury Administration Associate.
Responsibilities will include:
- 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.
To be considered for this position, ideal candidates must have the following experience and skills:
- 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.
Treasury Operations Specialist employer: IPOE Consulting
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Operations Specialist
✨Tip Number 1
Familiarise yourself with the specific Treasury Operations processes mentioned in the job description, such as FX & MM transactions and Interest Rate Swaps. Understanding these concepts will help you speak confidently about your relevant experience during interviews.
✨Tip Number 2
Network with professionals in the banking and treasury operations field. Attend industry events or join online forums to connect with people who can provide insights into the role and potentially refer you to opportunities at our bank.
✨Tip Number 3
Stay updated on regulatory requirements like EMIR and MiFID, as these are crucial for the role. Being knowledgeable about current regulations will demonstrate your commitment to compliance and your understanding of the industry.
✨Tip Number 4
Prepare to discuss your experience with collateral management and payment processing during the interview. Be ready to provide examples of how you've successfully managed these tasks in previous roles, showcasing your ability to handle the responsibilities outlined in the job description.
We think you need these skills to ace Treasury Operations Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Treasury Operations, especially any roles within international banking. Emphasise your skills in processing FX and MM transactions, collateral management, and understanding of regulatory requirements.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities listed in the job description. Mention your experience with swift payment processing and your ability to monitor and settle margin obligations, showcasing how you can add value to their team.
Highlight Relevant Skills: In your application, clearly outline your skills related to daily position keeping, nostro reconciliation, and resolving queries from stakeholders. Use specific examples from your past roles to demonstrate your expertise.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a Treasury Operations Specialist.
How to prepare for a job interview at IPOE Consulting
✨Know Your Treasury Operations
Make sure you brush up on your knowledge of Treasury operations, especially FX and MM transactions. Be prepared to discuss your experience with processing these transactions and how you ensure accuracy and compliance with regulatory requirements.
✨Demonstrate Attention to Detail
Given the nature of the role, attention to detail is crucial. Prepare examples from your past work where your meticulousness helped avoid errors, particularly in processing payments or reconciling accounts.
✨Familiarise Yourself with Regulatory Frameworks
Understanding regulations like EMIR, MiFID, and CSDR can set you apart. Be ready to explain how you've navigated these regulations in previous roles and how they impact Treasury operations.
✨Showcase Team Collaboration Skills
This role requires working closely with various teams. Think of instances where you successfully collaborated with colleagues across departments, and be prepared to share how you maintain a cohesive team ethos.
