Senior Associate (SWIFT), DCO

Senior Associate (SWIFT), DCO

All candidates applying for employment with the BSTDB should be fluent in written and spoken English and have strong Microsoft Office skills.

It is the BSTDB’s policy to offer equal employment opportunities to qualified candidates regardless of their racial, ethnic, religious and cultural background, gender, sexual orientation or disabilities.

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Position Purpose

Under overall supervision of the Financial Controller, the Senior Associate (SWIFT) is responsible for providing technical support for settlements of treasury transactions in strict compliance with the internal procedures of the Bank and the regulatory rules.

Key Functions and Responsibilities

The incumbent performs post trade processing for a wide range of treasury transactions (including long term borrowings, derivatives, money market and fixed income instruments, etc.). More specifically the Senior Associate (SWIFT) deals with the following treasury back-office functions:

• Sends and receives trade confirmations, matches the trade confirmations, and rectifies any errors/ inconsistencies.
• Monitors and verifies the accuracy of the interest rate fixings, verifies the payment advice from counterparties.
• Prepares the relevant SWIFT messages.
• Monitors the movements of funds and ensures the successful completion of all settlements.
• Performs the SWIFT related procedures for establishing, setting up and maintenance of RMA between the Bank and the new treasury counterparties.
• Records the relevant data into the SAP Treasury module.
• Prepares the liquidity report used for cash management purposes.
• Monitors the incoming /outgoing funds in the bank accounts and updates the liquidity report.
• Is actively involved in the collateral management function by monitoring and checking the exposure against the counterparties. Carries out the collateral transfers to cover the margin calls calculated as per terms set out in Credit Support Annex (CSA) and side letter to the ISDA Master Agreement.

Competencies:

• Professionalism: maintains a level of expertise and professional knowledge commensurate with the respective position and job description,
• Results Orientation: demonstrates ability for achieving results against an internal or external standard of excellence.
• Communication and interaction with impact: Transfers efficiently and effectively information and messages, wields effective tactics for persuasion.
• Client/stakeholder orientation – ensures appropriate service of high standard to internal and/or external customers and develops constructive and sustainable business/ customer relationships.
• Teamwork: effectively cooperates with others aiming at the achievement of team objectives.
• Cultural sensitivity/Diversity: supports and promotes an environment that holds opportunities for all, regardless of race, gender, culture and age.
• Integrity: maintains standards of objectivity, independence and discretion. Behaves ethically and in consistency with institutional core values.
• Accountability: exhibits a strong sense of responsibility for one’s work and resulting consequences.
• Innovation and change: is open to and applies novel ideas and thinking to improve processes, methods, systems or services. Accepts and adapts to changes.
• Critical thinking: clarifies goals, examines assumptions, evaluates evidence, accomplishes actions, and assesses conclusions.

Required Knowledge, Skills and Experience

• College or first University degree.
• At least 8 years of relevant working experience.
• Proficiency in preparing SWIFT financial messages categories 1,2,3,5.
• Experience in matching trade confirmations for the following treasury products: fixed income and money market instruments, derivatives (FX Spot, FX Forward, FX Swaps, Cross Currency Swaps), etc.
• Experience in establishing, setting up and maintaining SWIFT RMA.

Desirable Knowledge, Skills and Experience 

• Knowledge of the requirements for the adoption of ISO 20022 standard for SWIFT payments.
• Experience in the region of the BSTDB’s operation.
• Working experience using the SAP Treasury module would be an advantage.
• Working experience with global custodians, clearing and settlement systems.
• Experience in preparing/ monitoring liquidity reports for cash management purposes.
• Experience in collateral management for OTC derivatives.

Minimum Requirements for the Position

For a candidate to participate in the competitive selection for this position, s/he must meet at least the following minimum requirements:

Education: College or first University degree or equivalent.

Experience: At least 8 years of relevant working experience.

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