Treasury Back Office Assistant
2 days ago
About the team:
The Treasury Back Office team supports the bank through cashflow management on a day to day basis. The team ensures accurate and timely confirmation and reconciliation of internal and external cashflows. We work closely with the Front Office to manage the banks liquidity and exposure, through the settlement of trades with other banks executed by the Front Office. Most commonly via instruments such as interest rate swaps, Repurchase agreements and pooled deposits.
About Us:
OSB Group is a leading specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market. Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.
What you will be doing:
In this role, you will have the opportunity to to undertake the daily tasks required to ensure deals are executed to the highest standard as agreed with counterparties to fulfil the Group’s obligations. This varied role will provide you with the unique opportunity to gain exposure to a broad range of areas within the business and achieve personal and career development.
Your responsibilities will include
- Supporting the performance of treasury instrument deal approval, settlement and confirmation matching, ensuring all transactions are accurately recorded in the Treasury Management System.
- Preparing treasury payments in line with current authorities ensuring accuracy and delivery against contractual obligations.
- Assisting the smooth running of the Group’s cashflow management responsibilities, (including Group Pooled deposits).
- Supporting with daily Swap and Repo collateral management by calling for margin, managing disputes, portfolio reconciliations and reporting to mitigate credit risk.
- Handling the daily swap clearing reconciliations and payments with approved swap clearing partners. Ensuring all discrepancies are appropriately recorded, raised with the clearers and escalated as appropriate.
In return for your commitment:
We offer a base salary dependent on experience of between £24,000 - £28,000 and a competitive benefits package including:
- Discretionary annual bonus opportunity of up to 12.5%
- 28 days annual leave plus bank holidays
- Contributory pension (8% employer 5% employee)
- Life Assurance (4x salary) plus Group Income Protection
- Access to Private Medical Insurance and Medical Cash Plan
- Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.
Could you be the one?:
We are looking for talented individuals who have the experience and knowledge set out below:
- Strong knowledge of Microsoft Excel would be an advantage.
- Knowledge and understanding of electronic banking systems is essential.
- Strong verbal and written communication skills including the ability to interact with people at all levels in an organisation is essential.
- Ability to meet intraday deadlines, prioritising work to
- Ability to problem solve in challenging situations is essential.
We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.
What to do next:
- OSB Group are dedicated to diversity in the workplace and committed to treating all our employees and job applicants equally. We embrace equal opportunities and are opposed to discrimination on any grounds._
- As part of our public commitment to the Women in Finance Charter, we have introduced our own initiatives to attract, develop and advance senior women in our sector. We don’t stop there though, we have broadened our approach to encourage diversity and inclusion at all levels and in all roles. Our leadership and Executive Committee are right behind us, to the extent that our Diversity Champions sit at Board level and on a monthly basis receive updates on our progress._
- Whilst we are an organisation that values face-to-face interaction to build and nourish our culture, we also acknowledge that people are not must productive in an office and tied to the 9 to 5. The vast majority of roles throughout the Group fall within scope of our Hybrid Working approach, which aims to provide ongoing flexibility and support in terms of work:life balance. Our approach provides opportunity for individuals to informally agree with their Line Manager how they split their working week between their primary office location and home._
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