Assistant Manager , Fixed Income & Custody

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 .