Senior Associate – Treasury Settlement

JOB ROLE To assist with the administrative functions of the back office operations of the Treasury and Investment department of SBI London branch, ensuring the timely and efficient completion of days’ work in compliance with the stipulated guidelines instituted by the Bank. JOB RESPONSIBILITY FX/MM Wing
• Responsible for the verification of SWIFT confirmations from the counter parties and deal tickets and the completion of deals on the system (Blotter)
• Responsible for the daily generation of the Finacle Nostro report
• Responsible for the linking of the system for the settlements diary (Excel) for position keeping of all major currencies
• Responsible for the on-going update during the day of incoming and outgoing funds for the Dealers’ & to advise dealer’s positions of GBP, USD & Euro to facilitate placement & borrowing as required
• Responsible for the daily retrieval of the GBP Main account balance, generating the end of day statement and positing of entries on Core
• Responsible for the transfer of funds between the Nostro accounts as and when required to maintain the correct levels
• Responsible for the update of all loans on floating rates including Bilateral and MTN
• Responsible for forward deals to the dealers every evening and effect all SWIFT instructions
• Responsible for giving the next day’s positions for GBP, USD and Euro to the Dealers & Responsible for projecting balances report to the CEO
• Responsible for keeping positions for all other small currencies
• Responsible for the preparation and production of blotters for all deals completed during the day
• Responsible for the daily filing and the timely dispatch of paperwork to the warehouse on a regular basis
• Responsible for generating branches incoming MT320 and MT300 from Core in line with stipulated guidelines & Responsible for sending out tracers for non-receipt of counterpart SWIFT confirmations Responsible for daily calculation of initial/variation margin and margin payments & receipts from counter parties.
• Responsible for the generation of brokerage reports from Finacle, Treasury and making payments to all brokers after obtaining appropriate approval.
• Responsible for daily/monthly/quarterly and annual reports
• MIFID & compliance related items, including daily monitoring of AM/VM and payments for SBI London Branch. Investment Wing
• To create counter parties, external/issuer/security definition in Finacle
• Responsible for purchase/sale and maintaining investment book. This includes payment of coupons on a regular basis for London Branch for Investments purchased under advice to them which have to be diarised
• Responsible for sending out swifts to Euroclear, and Correspondent Banks
• Responsible for matching SWIFT confirmations. Also responsible for attending to all queries regarding securities
• Responsible for informing Dealers for funding and Back Office for position keeping
• Responsible for reconciliation of Euroclear account, i.e. all securities tallied with our books and also reconciliation of funds after inflow/outflow
• Responsible for the payment of Euroclear fees after management approval, manually working out amounts payable by the London Branch and submitting claims to them
• Responsible for Bonds and Futures trading & related monthly reports
• Responsible for completing deals and sending out swifts (manual) to Nostro counter parties
• Responsible for month end balancing of Euroclear portfolio and balances for London Branch.
• Responsible for the monitoring of SECAOR file relating market valuation & checking & rectification of errors if any.
• Responsible for schedule 8 on regular basis
• To ensure the timely sharing of reports with Senior Management, Dealers and TMG group based in India
• Responsible for dealing room and investment work
• Responsible for any other duty as delegated by the Department’s Head or so designated office