IMI CIB - Treasury Settlement Specialist - U.S. Gov. Bond and Repo

Scope and Purpose

• Update and correct anagraphic data on new bonds coming from K+ to Si/RE system.
• Input and verify, as necessary, trades for securities, derivatives and Repos.
• Confirm all Bond and Repo trades done via phone, e-mail, TradeWeb or Bloomberg
• Input all Repos/Reverse Repos into SIRE level I and II.
• Input all US Government bonds/Repos and Cash movements into BONY BDC system.
• Monitor BONY systems throughout the day for bonds returned or problems.
• Monitor and reconcile custody and SIRE accounts systems for interest coupons
• Verify and process cash settlement and associated accounting entries.
• Notify Trader and department heads of all bond fails; maintain log of all fails.
• Prepare/Maintain/Receive/Pay TMPG fail charge and charge back logs and reports with counterparties
• Prepare/Maintain/Reconcile BDC monthly statement of fees.
• Fed Reserve Discount Window Operations and NYS DFS Pledge Account Operations
• Maintain, pre DFA/EMIR, bilateral IRS positions until expiration
• Act as back-up for other functions in the department under the direction of the supervisor

Required Experience

3-5 years in the same role.

Required Qualifications, Skills and Knowledge

• experience in an in accounting and procurement for a bank or financial institutions
• Bachelor's Degree in relevant disciplines such as Accounting, Finance or Mathematics
• A combination of practical experience in the technical discipline coupled with an appropriate educational background is necessary for the position
• Technical knowledge of US Treasury/Agency and Corporate Bonds.
• Working knowledge of BDC, INFORM and CEDEL.
• Comprehensive knowledge of BSA/AML/OFAC rules and regulations; KYC policies and procedures.
• Hands-on knowledge of payment processing, practices, applications and procedures, including SWIFT, CHIPS and FedWire functionality.
• Practical understanding of a Bank’s control environment and its policies and procedures, including specific knowledge of and adherence to a bank’s Operation Guides
• Professional experience with or exposure to OFAC/Sanctions programs/applications within the banking industry; wholesale banking experience preferred

The salary range for this position is 80k $- 110k $