The Role also acts as a checker for all transactions.
The role is responsible to ensure efficient processing of all treasury operations for Foreign Exchange, Money Market and Securities including timely confirmation & prompt settlement of all deals within the procedures, regulations and limit setting by management and proper control of the level of risks to which the operations are exposed. The Role also acts as a checker for all transactions.
KEY RESPONSIBILITIES:
- Verify the deal particulars on the deal ticket from the Reuters conversation printout, if the deal is concluded through Reuters dealing system.
- Match deal tickets with fax/SWIFT/email confirmation received from counterparties for all telephone deals.
- Analyze Forex Deal tickets from the rate scan so as to ensure that deals are not done out of the market rates.
- Carry out the daily verification for non-receipt of confirmations from counterparties for all deals and in case the confirmations are not received within two days of the date of deal, send a SWIFT message to the counterparty to request the confirmation of the deal as per the confirmation message.
- Check all treasury payments and receipts on statement of account from Correspondent Banks to ensure correct amount and value date.
- Ensure that all deal confirmations are sent right on the day that the deal is finalized
- Make sure all settlement instructions are sent one working day prior to the settlement days
- Verify for the non-receipt of confirmations from counterparties for all deals.
- Position on account of all the currencies should not exceed the stipulated limits
- Carry out Blotter Reconciliation to ensure any exception as to exposure on banks, cut loss limits in respect of exchange loss and daylight/overnight limits is reported to the management, the next morning
- Ensure that Dealer’s Limit per deal does not exceed the stipulated limit and if exceeded, necessary sign off obtained from Senior/Head of Markets as per limit tolerance set.
- Counterparty exposure limits should not be breached and report any breach to Head, ALCM and Risk Divisions.
- Timely preparation and submission of reports to Central Bank and Management.
- Review the policies and guidelines issued by the Bank on a regular basis and recommend changes to Head of Dept/Management if appropriate.
- Verify monthly schedules for Derivatives (BLS500), Commercial Loan and any other report required.
- Ensure all files are kept properly either in archives or those currently used in locked filing cabinet.
PREREQUISITES:
- Diploma/Degree in Banking or Finance from a recognized university OR An alternative qualification from a recognized university in a field of study relevant to the scope of work, acceptable to the Bank
- An ACI Certificate is mandatory or expected to be completed
- Candidate should have a minimum of 3 years’ experience in the Banking environment, preferably in Treasury
SKILLS:
- Analytical, proactive and solution oriented with high attention to details
- A detailed understanding of Regulatory guidelines with regards to foreign exchange marketWell versed in banking regulations, guidelines, policies and procedures;
- Excellent planning, organization and problem solving skills;
- Proficient in Microsoft Office tools with intermediate level skills in Microsoft Excel;
- Possess a high degree of integrity and confidentiality;
- Process and quality-driven with high attention to detail;
- Analytical, proactive and results-oriented.