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- Tasks: Join us as a Treasury Operations Clerk, processing FX & MM transactions and ensuring accurate settlements.
- Company: Be part of an international bank located in the vibrant City of London.
- Benefits: Enjoy a competitive salary of £40k and hybrid working options for better work-life balance.
- Other info: Get involved in exciting projects aimed at improving automation and efficiency within the department.
- Why this job: This role offers hands-on experience in finance, a collaborative culture, and opportunities for growth.
- Qualifications: You need at least 1 year of experience in Treasury Operations, preferably in international banking.
The predicted salary is between 24000 - 48000 £ per year.
International Bank based in the City of London
Salary £TBC
Hybrid working on offer
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.
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Treasury Operations Clerk employer: IPOE Consulting
Contact Detail:
IPOE Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Treasury Operations Clerk
✨Tip Number 1
Familiarise yourself with the specific regulatory requirements mentioned in the job description, such as EMIR and MiFID. Understanding these regulations will not only help you during the interview but also demonstrate your commitment to compliance in Treasury Operations.
✨Tip Number 2
Network with professionals in the Treasury Operations field, especially those working in international banks. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your knowledge of Swift payment processing and collateral management. Being able to discuss these topics confidently in an interview will show that you have the practical skills needed for the role.
✨Tip Number 4
Prepare to discuss your experience with margin calls and settlement processes. Be ready to provide examples of how you've handled similar tasks in previous roles, as this will highlight your suitability for the position.
We think you need these skills to ace Treasury Operations Clerk
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 familiarity with FX & MM transactions, collateral management, and Swift payment processing.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities listed in the job description. Mention your experience with regulatory requirements like EMIR and MiFID, and how you can contribute to the team ethos.
Highlight Relevant Skills: In your application, clearly outline your skills related to monitoring and settlement of margin, as well as your ability to resolve queries from stakeholders. Use specific examples to demonstrate your expertise.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a Treasury Operations Clerk role.
How to prepare for a job interview at IPOE Consulting
✨Know Your Treasury Operations
Make sure you have a solid understanding of treasury operations, especially in areas like FX and MM transactions. Be prepared to discuss your experience with processing these transactions and how you ensure accuracy and compliance with regulations.
✨Familiarise Yourself with Regulatory Requirements
Since knowledge of regulatory requirements such as EMIR, MiFID, and CSDR is advantageous, brush up on these topics. Be ready to explain how you've applied this knowledge in previous roles or how you would approach compliance in this position.
✨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 prevent errors or resolve discrepancies, particularly in margin settlements or nostro reconciliations.
✨Show Team Spirit
This role requires collaboration across various functions. Think of instances where you've worked effectively in a team, supported colleagues, or contributed to a positive team ethos. Highlight your communication skills and willingness to assist others.