Careers

Middle Office Supervisor

ID: 005

Department: Settlements

Reports to: Settlements Manager                                                   

Controlled Function: N/A

Location: London                                                                                               

Hours of work: Full-time, Monday to Friday the role is based 4 days in the office and 1 day working from home either on a Monday or Friday.

Job Purpose: We have a small Treasury Department that transacts Money Market and Bank to Bank Foreign Exchange deals. We also have a Bond Portfolio of top tier Financial Institutions held for our own account which Treasury manage including REPO trades. There is hedging done by vanilla Interest Rate Swaps. Volumes are low on all product types.

The Bank is currently in a major project to automate systems from very manual processes. The candidate will need to process the daily trades and look to absorb new system work practices.

A new Front Office system was installed last year, and we are currently looking to iron out teething problems and enhance utilization of its STP capabilities from Treasury Operations perspective. 

Main Responsibilities:

  • Bank to Bank Foreign Exchange Deal Processing
  • Money Market Deal Processing including Retail Customer and Platform Linkage Deposits
  • MT202 and MT200 payments for Egyptian Banks that have current accounts with us.
  • Fixed Income Trade Processing by way of Swift MT541 and MT543 messages to our Custodian.
  • Interest Rate Swap Processing
  • Daily Mark to Market valuation of derivatives administration including margin calls
  • Daily Deal Maturity review to confirm if trades are correctly being extended or repaid.
  • Cash and Nostro Management
  • Nostro and Custodian Reconciliation
  • Processing Nostro, Custodian, Brokerage and Repository charges
  • Transaction Monitoring
  • Be aware and proactive concerning Anti Money Laundering, Compliance and Regulatory Responsibilities

Experience & Skills required:

  • Experience of processing trades over all our products range
  • Must have minimum 5 years banking experience/supervisory level
  • OPICS and/or Equation experience
  • Flexcube and Equation experience
  • Settling Fixed Income trades through a Custodian using Swift MT541 and MT543 messages
  • Some knowledge of the reporting requirements for EMIR, SFTR and MiFID/MiFIR and the dynamics of trade repositories in this role
  • Understanding the different formats that data can be configured in and being able to work with other Departments and outside stakeholders to produce automated workflow solutions.

Applicants must have the right to work in the UK. Proof of eligibility will be required as part of the hiring process.

Apply now