Senior Operations Officer

Senior Operations Officer

Our client, a City based bank are looking to recruit a Senior Operations Officer to join the team, paying up to £39k.
Principal Purpose of the Job:
The overall objective of the position is to facilitate the timely and accurate settlement and subsequent reporting and investigation of the Bank’s Treasury business.
This will be achieved by supporting the confirmation process, maintenance of relevant static data in back office systems, resolving any settlement issues by liaising with management and internal and external counterparties, managing queries from both internal and external sources in a competent, efficient and timely manner, regulation repository, and assisting with the ongoing review of current working practices and procedures to achieve improvement where possible, leading or assisting in implementing projects and any other ad hoc duties as directed by management.
Cover payment correspondence banking/payments, reconciliations, settlements of loan back office settlements and trade services where necessary.
Main Responsibilities & Accountabilities:

1 Execute the required counter-checking or verification activities for all the transactions processed by the clerical staff of settlement and clearing sections;
2 Cover Treasury operator role in executing settlement operation for MM, FX, FX SWAP, IRS, CCS, CD, Bonds and MTN produced by Treasury and other responsibilities required for daily business such as maintenance of static data for Treasury business, daily Nostro positions and EMIR and MIFID reporting, revaluation reports etc.;
3 Assist with Treasury team in new product development such as derivatives, MTN, CD dealer function and conduct necessary system testing and monitoring;
4 Monitor balances over the Nostro accounts and deal with any related queries from our clients and/or agent banks;
5 Cover late shift responsibilities including covering operator/verification functions for Treasury settlement, loan settlement, trade services, payment & correspondence functions where necessary;.
6 Continuously review work practices and department performance for quality and effectiveness;
7 Assist with the ongoing review of current working practices and procedures to achieve improvement where possible;
8 Lead or assist in implementing projects as assigned;
9 Keep aware of industry developments/maintain learning of new products;
10 Coach and train staff to meet quality and volume processing standards;
11 Cover some aspects of roles of the clerical staff and the Manager as and when required;
12 Remain vigilant regarding AML rules and procedures during routine working; All the CDD and AML checking in trade services and other products lines as required by the Bank’s policy;
13 Keep all AML check evidence for audit trial purpose. Must report /escalate to MLRO for potential positive hit or suspicious transaction in accordance with the Bank’s AML policy;
14 An understanding of key roles and regulations governing CASS;
15 Conduct daily basic CASS review operation in accordance with established “policies”;
16 Perform an assessment of whether the funds/credits relate to designated investment business on a daily basis and document/report any breach of the banking exemption to the Compliance & Legal Department as well as the Head of Department;
17 Undertaking any other relative jobs assigned by Head/Deputy Head of Department from time to time;

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