IMI CIB - Operation Specialist _U.S. Gov. Bond and Repo Back Office

Scope and Purpose

• Update and maintain static data for new bond instruments from Kondor+ to the Si/RE system.
• Input and verify trades for securities, derivatives, repos, and reverse repos.
• Confirm bonds and repo trades with counterparty trades via executed by phone, email, Tradeweb, or Bloomberg.
• Input repo and reverse repo transactions into back office application.
• Input U.S. Government bond, repo, and related cash movements into the BNY BDC platform.
• Monitor BNY systems during the day for returned items, exceptions, and settlement issues.
• Monitor and reconcile custody records and Si/RE accounts for coupon and interest activity.
• Perform operational oversight on repo’s and cooperation bonds settlement and journal bookings.
• Verify cash settlement activity and process the related accounting entries.
• Notify traders and management of bond settlement fails and maintain fail logs.
• Prepare, maintain, and reconcile TMPG fail charge records and reports with counterparties.
• Prepare, maintain, and reconcile monthly BDC fee statements.
• Support Federal Reserve Discount Window operations and NYS DFS pledge account activities.
• Maintain bilateral interest rate swap positions prior to DFA and EMIR remediation or expiration.
• Provide backup coverage for other Treasury Settlement functions as directed by management.

Required Experience

3-5 years of experience in Treasury Settlement, securities operations, or repo operations within a bank or financial institution is required.

Required Qualifications, Skills and Knowledge

Technical skills

• U.S. Treasury, Agency, and Corporate Bond settlement processing
• Repo and reverse repo, Cash settlement , SWIFT, CHIPS, and Fedwire payment
• BNY BDC platform, Kondor+, Si/RE,INFORM,CEDEL,Microsoft Word,Microsoft Excel

Preferred skills

• TMPG fail charge processing and reconciliation
• Federal Reserve Discount Window operations
• NYS DFS pledge account operations
• Securities accounting entries and reconciliation

Specific knowledge

• Financial markets and securities settlement processes
• Bank control environment, operational procedures, and operation guides
• BSA, AML, OFAC rules and regulations
• KYC policies and procedures

Qualifications

Bachelor's degree in Accounting, Finance, Mathematics, or a related discipline

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