Job Purpose

• The staff will be processing transactions within the assigned tasks and ensure error free smooth handling of end-to-end processing. Additionally, he/she will assist the Authorizer- Trade & Treasury Operations in performing the required controls in daily work and monitoring risks through MIS.

Key Responsibilities

• Responsible for initiating transactions in the Treasury operations unit;
• Treasury Back Office operations – ensure efficiency and optimize business levels at all times.
• Ensure strict adherence to regulatory requirements (FX documentation – governed under prudential and FX guidelines).
• Verification of front office deals – quality and independent check and certification.
• Compiling of major currencies report daily for CBK.
• Tallying of All Major Currency Positions.
• Sorting previous day’s vouchers and the tray which also includes filing.
• Processing all inter-bank and money market deals.
• Posting settlements and bookings vouchers.
• Reconciliation of all Nostro Account statements with GLs.
• Reconciliation of inter-bank forex deals.
• Timely submission of CBK returns – Daily Exposure, Weekly Returns, Monthly Statistics amongst others.
• Deal confirmation matching (300 & 320s).
• Reconciliation of our CBK account.
• Correspondences with CBK, other banks and correspondent banks.
• Monitoring & checking GLs tally with outstanding inter-bank deals.
• Prepare and avail the end of day vouchers to the supervisor and ensure these are called over before leaving for the day.
• Compiling CBK reports i.e. Monthly forex statistics, Monthly currency holdings, Monthly currency payments and receipts, Weekly CBK reports, daily FX receipt and payments, daily forex exposure, diaspora reports.

Job Specification
Education

• Business related degree from a recognized University.

Work Experience

• Minimum 4 years banking experience. Previous experience in Trade/Treasury back-office will be an added advantage.

Competencies

• Good knowledge of Reconciliations, FX settlement processes & Remittance processes, AML and risks involved.
• Knowledge of Core Banking Systems, SWIFT, Internal Reports and CBK reports.
• Knowledge of Treasury Products which include Money Markets, Foreign Exchange, Swaps, Derivatives and Sukuk.
• Good understanding of the Banks procedures and CBK cut off times.