Treasury Operations Officer

Our client in the Bank and Finance Sector is seeking to onboard a Treasury Operations Officer for their Port of Spain office for a contract role.

Our client in the Bank and Finance Sector is seeking to onboard a Treasury Operations Officer for their Port of Spain office for a contract role.

Salary range: $8,000.00- $9,000.00
Job Summary:

The Treasury Operations Officer serves as the “Back office” liaison for the client’s Treasury department and plays an important role in fulfilling settlements for payments within the Treasury function. He /She is an important part of the risk mitigation controls and must ensure the adherence of all operational procedures

Job Responsibilities:

Customer Excellence

• Ensures all transaction requests are executed within the expected timeframe to meet service level agreements and customer needs.

• Ensures that relevant supporting documentation for each transaction is approved, attached and filed.

Performance Excellence

• Ensures all trades and rates are recorded/updated and filed on the day’s trade.

• Prepares payment instructions to settle trades executed by the Front Office team and follows up to ensure that transactions are settled in a timely manner.

• Documents and follows up on failed positions and trade breaks, claims, charges and other contract deficiencies and forward to Treasury Front Office for action.

• Reviews and ensures all deals (Foreign Exchange, CDs, Treasury Bills, Repos and other instruments) created by the Front Office dealers are completed in accordance with prescribed limits and within policy and regulatory guidelines.

• Provides Front Office team with relevant information when early redemption of fixed deposits is requested by customers.

• Confirms receipt of funds from counterparties as per contracts.

• Inputs deposit funding into the Core Banking System upon receipt of customer funds.

• Inputs customer payments on various banking platforms or preparation of letters of instruction to banks for customer payments.

• Creates hypothecations for customers utilising their fixed deposits as collateral for debt facilities.

• Updates the Core Banking System to keep the system synchronised with fund movements in the various operating bank accounts.

• Reviews Treasury transaction details for accuracy and completeness in the Core Banking System and various banking platforms or on correspondence to the banks, authorising or signing off on the same.

• Downloads a summary of wire transfers and deposits on a daily basis.

Reporting & Compliance Excellence

• Ensures all reports, internal and regulatory, are accurate and generated and dispatched in a timely manner.

• Ensures timely processing of statutory payments to the Central Banks on the stipulated frequency.

Processes statutory payments to the Central Banks on the stipulated frequency.

Other reasonable tasks may be instructed by the Head of Treasury and Foreign Exchange.

Behavioural Competencies:

ACCURACY – Ensures that data presented is free from error.

ATTENTION TO DETAIL – Thoroughness in accomplishing a task through concern for all the areas involved, no matter how small. Monitors and checks work or information and plans and organizes time and resources efficiently.

COMMUNICATION: OPEN and RESPECTFUL – Excellent communication, organizational and interpersonal skills. Creates an atmosphere in which timely and high-quality information flows smoothly up and down, inside and outside; encourages open expression of ideas and opinions in a respectful manner.

COMMUNICATION: ORAL and WRITTEN - Effectively transfers thoughts and expresses ideas orally or verbally in individual or group situations.

CUSTOMER FOCUS - Making customers and their needs a primary focus of one's actions; developing and sustaining productive customer relationships. Able to recommend solutions based on investor needs and risk tolerance. In-depth understanding of the sales process.

DRIVE FOR RESULTS - Demonstrates concern for achieving or surpassing results against an internal or external standard of excellence.

DECISION MAKING- Applies guidelines and procedures that require some interpretation in dealing with exception.

TEAM PLAYER- A collaborative individual who thrives in a team-oriented environment and possesses strong interpersonal skills.

Job Education:

• Bachelor’s Degree (Preferred major or concentration in Business/Finance) or studying towards a relevant professional qualification e.g. ACCA/CIMA.

Job Training:

• Microsoft Office Suite i.e. Word, Excel, Access

Job Experience:

• Minimum of 2 years’ experience in trade support, back office, or middle office with experience in trade matching, confirmation, and/or settlement of foreign exchange transactions

• Experience with and/or working knowledge of foreign exchange trading, fixed deposit products and repurchase agreement products

• Basic knowledge of capital market products (treasuries, agencies, corporates, structured products, repos, equities)

• Excellent use and understanding of T24

Job Ref: RM