Handle / control all operational functions related to fixed income debt instruments and foreign securities investments and custody activities in respective of local & international Capital Market activities in light of Bank & Customers Portfolios.His/her responsibilities cover monitoring / checking / ensuring proper processing functions related to Core Banking Booking, operations, Settlements, payments, other business systems and confirmation in addition to replacing the other TOC job holders in their absence.His/her responsibilities cover the reporting functions which required by HO stakeholders (Middle Office, settlement/operational Risk, Finance, etc.…) in addition to reconciliation process over all functions and execute Compliance regulations, operational risk controls and meet/ implement audit comments/recommendation and meet regulatory requirements
- Implementation of OPM, APPM, SOP and local regulatory regulations and ensure that activities are carried out as per approved policies and procedures.
- Scrutinize Treasury Operations documents, contacts and agreements.
- Ensure proper posting / execution of all Treasury Front Office trades without missing any deals favor of banks' & clients' portfolios in both primary & secondary markets.
- Proper follow-up Reuter deal tracer system and ensure accurate update relative XL Historical sheet with proper timely handing over to subordinates for execution.
- Check/verify all types of debt instruments deals (Treasury Bills / Treasury Bonds / REPO / Reverse Repo / Corporate Bonds) on core banking system in both Primary / Secondary markets for both Banks' & clients' portfolios.
- Check/verify all foreign securities deals subject to Banks and clients' portfolios.
- Check/verify all Bank deals subject to Intraday Loan Facility (ILF) process which concluded with CBE against Treasury Bills as collateral.
- Check/Verify all Egyptian debt instruments trades under CBE repatriation mechanism process in light of Foreign Investors Investments.
- Check/verify swift payments, Client's confirmations, notice to receive and free format messages concerning Treasury deals and Transfers between Nostros.
- Check/Verify manual and automatic batches consequently over banking core system with relevant controls.
- Checking daily end of day swift report and ensure ACK / NACK status.
- Checking all daily/weekly/monthly reports required internally or externally for Head office, AFCG, external auditors and CBE.
- Proper checking and execution of end of month duties (exhibits, accruals, statistics, RCSA documents, Kalypto assessments etc....)
- Daily follow up of non-executed transfers and ensure proper execution with good value under advice / Chasing relative stakeholders.
- Ensure proper reconciliation by each EOD between all related XL files (Capital Gain, accruals, income, face values etc….) versus core banking G/Ls.
- Handling weekly/monthly reconciliation of Treasury Bills Holdings bank's/clients' portfolios between banks' G/Ls, XL files and CBE Custodian statements.
- Handling monthly reconciliation of Treasury Bonds Holdings bank's portfolios between banks' G/Ls , XL files and statements received from Local custodian .
- Handling, checking and monitoring all fixed income corporate actions (Maturities, coupons collections, etc...).
- Monitor / reconciling cash Nostro accounts with local custodians due to cash dividends / final maturities and ensure transfer surplus funds to CBE in line with Treasury Front Office design.
- Ensure handling of custodian's charges/commissions due to safekeeping / buying / selling transactions of Treasury Bonds
- Ensure handling monthly/annual CBE commissions due to swift messages and safekeeping treasury bills.
- Ensure sufficient cash of clients balances pre-execution trades.
- Checking the calculation of withholding taxes for banks and clients' portfolios and ensure providing Egypt Taxation department with proper details upon selling/Maturity positions.
- Checking & monitor sundries accounts according to APPM.
- Responsibility of checking/verifying daily/monthly Mark to Market revaluation of debt instruments for bank trading portfolio.
- Checking Daily/Weekly update fixed income trading limit portfolio of fixed income instruments with all movements, FTP rates, MTM prices and Differential NII.
- Daily monitor and checking fixed income trading limit utilization/available Roaming and mandate reporting to all stakeholders.
- Daily monitor, checking and reporting for stop loss limits concerning fixed income trading limit portfolios according to approved limits.
- Check daily closing balance of EGP currency and monitor/follow up reserve ratio in EGP with Treasury front office.
- Ensure providing all stakeholders ( Head TCM , Head MKT Risk , Head TOC , CFO , COO , CEO etc.. ) with daily analysis report of consolidated performance ( YTD P&L ) for Treasury Bills & Treasury Bonds Trading portfolio.
- Ensure implementing the correct rules / calculations in light of the international methods i.e. IFRS9 & HO scope for investments classifications (HTC = Amortized Cost, Fair value through profit and loss = FVTPL etc..).
- Checking Monthly report of Egypt Country Investments and ensure providing HO stakeholders on proper timely manner.
- Close monitoring of RTGS system and ensure correctness settlement of transactions debit/credit in respect of Treasury products with local counterparties.
- Motivate balances between our correspondents to cover our requirements based on instructions and cash flow revision done by treasury front office.
- Check and ensure proper reconciliation for any pending aged items.
- Ensure abiding and execution CBE/AFCG/AUDIT recommendations and comments based on required target dates.
- Ensure proper handling of end of year certifications with banks and correspondents.
- Follow up and raise system issues and ensure proper timely handling with MIT.
- Ensure smooth and accurate BAU with full coordination with all other bank's departments especially in crisis time.
- Achieve Bank's plans/instructions and meet target dates with considerable/reliable level of accuracy.
- Handle and supervise all filing & archiving processes related to the department.
- Efficient ongoing / updating SOPS's and RCSA in light of overall bank's policies and procedures and business line's nature.
- Maximization of cost saving reduction.
- Conversant with all aspects related to treasury activity
- Good working knowledge of SWIFT and PC Skills.
- Excellent written & spoken English (reviewed).
- Good Interpersonal and communications skills to handle clients'/Banks' Interaction.
- At least 6 years banking experience (reviewed).
- Conversant with basic banking technologies.
- Strong personality with high leadership skills
- Strong banking operations experience preferably similar to mentioned job.
- Ability to meet higher level of business requirements .