Job Description

Back Office Team Associate Fx & Mm

The Back Office Team Associate FX & MM performs daily settlement, operation, and administration process of FX & MM products and RMB clearing settlement, verifies tickets, confirmation matching, payments verification, data accounting entries, runs system batch and reports to ensure processes performed align with the Bank's procedures, policy guidelines, standards, and regulatory requirements.

Responsibilities include but are not limited to:

• Complete intraday/end of day processes for FX, MM, IRS, CCS, CP, and RMB clearing settlements
• Perform Corporate MM CBD funds and FI Time Deposit settlements
• Complete confirmation matching by performing post trade matching process via vendor applications
• Perform daily end of day reconciliation process to ensure complete and accurate operation process
• Monitor settlement of all trades to ensure timely resolution of any failing transactions by working with the Front Business Lines and counterparties timely
• Perform timely and accurate GL accounting entry postings in the core Treasury banking system
• Perform new product testing and support including draft of UAT testing and work closing with technical team for issue resolving
• 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 timely
• Respond to Internal Audit Department's request timely
• Assist to remediate any audit issue findings

Qualifications:

• Bachelor's degree is required, majors in accounting or finance are preferred
• Up to 3 years of experience in back office settlement is required
• Excellent Microsoft Excel and Word skills are required
• Knowledge of treasury and financial products characteristics and back office settlement workflow is required
• Knowledge of SQL and VBA is a plus

Pay Range:

USD $42,000.00 - USD $90,000.00 /Yr.

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