Operation Service Department-Back Office FX MM Associate

Responsibilities

• Complete intraday/end of day processes for FX, MM, IRS, CCS, CP, and RMB clearing settlement.
• Perform Corporate MM CBD funds and FI Time Deposit settlements.
• Perform confirmation matching by performing post trade matching process via vendor applications.
• Complete daily end of day reconciliation process to ensure complete and accurate operation process.
• Maintain monitoring of settlement of all trades to ensure timely resolution of any failing transactions by working with the Front Business Lines and counterparties.
• Post timely and accurate GL accounting entries in the core Treasury banking system.
• Support new product testing and work closely with the technical team to resolve issues.
• Report and escalate settlement issues to Supervisors.
• Assist team on projects for implementing systems and/or process changes to support increased efficiency on process controls.
• Restore business document files in accordance with retention policy.

Risk Management/ Compliance/Internal Audit

• Understand and comply with Bank’s procedures, policies, standards, and regulatory requirements.
• Prepare monthly, quarterly and semi-annual risk assessment reporting to the Second Line of Defense.
• Update procedures to reflect current workflow processes and gaps on control processes.
• Prepare monthly and quarterly reports to Head Office.
• Prepare documents and responses requested by internal and/or external parties and auditors.
• Respond to Internal Audit Department’s requests in a timely manner.
• Aid in remediation of any audit issue findings.

Qualifications

• Bachelor’s degree required, preferably in Accounting or Finance.
• Advanced Microsoft Office skills, particularly Excel.
• Knowledge or experience in back-office settlement is preferred.
• Basic programming skills in R, Python, or SQL are a plus.
• Knowledge of treasury and financial products characteristics and back-office settlement workflow is beneficial.

Pay

Pay Range: USD $42,000.00 - USD $90,000.00 /Yr.