Job Summary

The main scope of this role entails proper, timely and accurate execution of all treasury transactions (foreign exchange, money market, derivative and government securities trades)

Sound knowledge of markets instruments, segregation of duties principles, best market practices and treasury related risks is key in executing this job.

Primary Responsibilities

• Ensure all deals originated by Treasury front office are booked in the core banking system by end of the day.
• Ensure Forex rates are updated in the core banking system and Treasury Management System as required.
• Ensure the daily Nostro Statements are downloaded from the Swift network and availed to the rest of the staff in the bank, who are on the statement’s distribution list.
• Ensure standard Settlement instructions are advised to all counterparties whenever there is a change.
• Ensure all regulatory reports and returns are completed and sent to Central Bank within the agreed time frames.
• Review Suspense GL FX Contracts Accounts in liaison with the supervisor daily and ensure that entries outstanding for long are reversed within agreed time frame.
• Input of outgoing SWIFT messages relating to Settlements Department (MT 202, 300,320,199,299,999 e.t.c).
• Input of Settlements products in the core banking system (Fx Deals, Money market Deals, Rates Maintenance, settlement instructions etc).
• Ensure reconciliation of the outstanding DVP deals is done daily and follow-ups done with concerned stakeholders.
• Ensure deal confirmations are sent to counterparties daily.
• Ensure all incoming deal confirmations from counterparties are reviewed against bank records to ensure consistency. Any anomalies noted should be taken up with the counterparties immediately.
• Ensure operating costs, especially stationery and telephones are kept as low as possible.
• Ensure filing of source documents is done daily to facilitate easy retrieval in case of need.
• Assist in implementation of projects order to contribute to the achievement of goals set by the Bank for profitable business growth, from time to time.
• Ensure accuracy and completeness in processing of transactions to eliminate delays/errors in payments to counterparties.
• Undertake any other tasks/duties as may be advised by the Head of Treasury Operations/Senior Management.

Skills, Knowledge and Qualifications

• A first degree (Upper Second) in a relevant discipline i.e., accounting, financial management, economics, or other related disciplines.
• Recognized Professional Qualification in Treasury Operations -ACI will be a strong added advantage.
• Quick learner that is technically competent, analytical, and methodical who takes ownership.
• Excellent Communication and Interpersonal skills
• Keen attention to detail
• Excellent data analysis and Excel skills
• Integrity
• Team player
• Customer Focused