Back Office Officer - Temporary/Interim contract

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Financial Operations
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11490 Total Views

To cover for a maternity leave, we are looking for a Back Office officer to ensure that all transactions and financial instruments are processed in an adequate and timely fashion as per our contracts. The selected person will report to the Head of Middle and Back Office and Portfolio Performance.


The European Stability Mechanism (“ESM”) is the crisis resolution mechanism for euro area countries. It provides financial assistance to euro area countries experiencing financing problems, and issues debt instruments to fund this financial support.

 

The ESM is a unique place to work with around 190 individuals committed to making a difference to the future of the euro area. It recruits talented professionals of all nationalities from both the private and public sector.


KEY ACCOUNTABILITIES

  • Ensure the accuracy and timeliness of post-trade processing:

- Execute and monitor processes to confirm, clear, and settle transactions conducted by the Investment and Treasury, Funding, and Lending desks.

- Ensure daily cash management for the smooth settlement of the Investment and Treasury operations, as well as for the collateral margin calls on the derivative portfolios held by the Funding and Investment and Treasury teams.

- Instruct the paying agents for the coupons and redemptions of all EFSF and ESM issuances.

  • Oversee the outsourced back office providers:

- Ensure smooth and reliable coordination with outsourced back office(s) to monitor and control operations.

  • Reconcile system data between the internal systems and the outsourced back office(s).

  • Support ESM’s interactions with the front office personnel and designated partners, including central bank operations desks and debt management offices in the euro area, as well as outsourced back office(s)

KEY BACKGROUND & EXPERIENCE

  • University degree, preferably in finance and/or a banking specialization.  A relevant professional qualification and/or post-graduate studies would be an advantage.

  • 3-4 years in financial operations processing, preferably in International Financial Institutions or central banks.

  • Experience in the back office environment of financial markets with an emphasis on one or some of the following: fixed income, derivatives (IRS, FX-Spot, FX-Forward, FX-Swaps and Cross-Currency-Swaps), money market instruments, and/or repos

  • Broad knowledge of settlement flows and technical tools to process them (e.g. confirmation matching, swift messages, market infrastructure e.g. T2S and CLS)

  • Sound understanding of the financial concepts used in securities processing

  • Experience using Murex or other common IT systems prevalent in banking and/or trading and/or portfolio management, including position management and order management systems.

  • Experience of collateral management processes would be an advantage

  • Previous participation in projects, preferably in the financial area (knowledge of standard project methodology, translating business needs into IT requirements, defining processes, test planning, and execution) would be an advantage.

  • Fluency in written and spoken English; other languages are considered an asset.

KEY COMPETENCIES

  • Integrity and independence

  • Detail-oriented and rigorous

  • Team player

  • Reliable and organised

  • Ability to work accurately in a fast-paced environment


Duration: 3-6 months, with possibility of extension.


Note: Modalities of this non-ESM staff contract will be discussed directly with the candidate.



The ESM aims to provide equal opportunity to all candidates irrespective of their gender, nationality, age, race, culture, education, religious beliefs, sexual orientation, or disability. To further enhance the diversity of our workforce, we particularly encourage women to apply.



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