Operations Assistant Private Banking
We are looking for a candidate with solid operational processing experience to join the Private Bank in Mayfair, you should be working in a similar role or be looking for a step up from your first role in processing within Banking.
You will ensure all operational aspects of the department with respect to FX/MM, FX Options (YES Products), Bonds, Derivative and special product transactions, Payments and Cash Positions function properly within the normal timeframes for each transaction type and in accordance with regulatory requirements, market conventions and the departments standing operating procedure.
Report all material facts, including exceptions to manager in a timely manner.
Ensure any regulatory reporting requirements are timely executed. Processing yield enhancement certificates, Foreign Exchange Processing.
Processing and settlement of all CDs and Bonds, in accordance with Treasury trade details and e-mail notifications, this involves all settlements aspects of new trades, rollovers, expiries and corporate actions.
This includes ensuring that all transactions are booked onto the system on trade date.
Ensure Bond deliveries are agreed with counterparties and that e-mail notifications regarding settlements DVP/RVP/DF/RF are timely dispatched to the Settlements Department and follow-up until matched/settled, also ensure any instructions requiring Swift messages are completed.
Updating of cash positions with un-booked entries.
Derivative and special product transactions on behalf of the bank and its clients in accordance with Treasury trade details and e-mail notifications; this involves all settlements aspects of new trades, rollovers, expiries and corporate actions
Foreign Exchange and similar transactions for the Bank and its customers.
Monitor deal processing queues in a timely manner. Checking and agreeing Reuters or similar confirmations against input screen in Globus ensuring each trade is scanned into LA Retrieve.
Checking of broker confirmations to Trades input to Globus, scan into LA Retrieve.
Confirm and exchange instructions via telephone with London counterparties when required.
Despatch of confirmations to non-SWIFT counterparts ensuring that they are duly authorised and properly dispatched.
Receipt and checking of non-SWIFT counterparty confirmations against Globus.
Manage and monitor Cash Positions with your supervisor ensuring all items processed with value today, tomorrow are positioned as appropriate.
Ensure that Nostro accounts are operated in an efficient manner, effect payment instructions upon receipt of duly authorised instructions and that corresponding entries are passed under correct value date.
ISDA Collateral Agreements (CSA) ? ensure margin payments and receipts are executed in a timely manner in line with the documentation and instructions from Middle-office. Ensure that any related payments are made in a timely manner and to the correct banks, thus avoiding operational losses.
Monitor SWIFT, GTMatch reports of outstanding confirmations and ensure that outstanding confirmations are investigated, chased and duly recorded.
Ensure that all transactions are completely and accurately processed, settled within the appropriate time scales including COB pay and receive check.
Authorisation of Incoming Payments, outgoing Payments, preparation, formatting and routing of all payments on behalf of the Bank and its clients, this using scanned instructions placed into LA Retrieve or duly authorised instructions, all payments are input to Globus to be interfaced and transmitted to our Nostro Correspondents via SWIFT.
This job was originally posted as www.cityjobs.com/job/959899804