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Victoria Mutual Building Society (VMBS)

Treasury Operations Specialists

Victoria Mutual Building Society (VMBS)

  • Kingston and St. Andrew / St. Catherine
  • Not disclosed
  • Permanent full-time
  • Updated 16/02/2023
  • Talent Acquisition
Apply Now

To accurately execute assigned business processes within agreed Processing Standards and SLAs

EDUCATION AND EXPERIENCE REQUIREMENTS

  • Bachelor’s Degree in Business Administration or equivalent
  • Jamaican Securities Course or Caribbean Securities Course
  • Brokerage Operation Certificate
  • One to two years (1-2) years progressive experience in Treasury and Payments Operations (including Securities)
  • One to two years (1-2) years progressive experience preferably in a financial institution
FUNCTIONAL AND TECHNICAL BUSINESS EXPERTISE
  • Knowledge of the overall functions of group operation services inclusive of Treasury Operations, Payments processing, BOJ and FSC reporting, Securities management
  • Understanding of securities reconciliation
  • Understanding of cash management for digital services
  • Strong interpersonal skills pleasant, helpful and co-operative
  • Able to work on own initiative using an organized approach
  • Ability to meet deadlines
  • Ability to cope under stress
  • Knowledge and understanding of the VM Group operations and procedures
  • Knowledge of POCA and anti-money laundering policies and regulations.
  • Ability to use JCSD Depend, BOJ E-gate, BOJ-CSD, BOJ RTGS/PO\Understanding of equity trading and settlements
  • Have knowledge of the following but not limited to - Repurchase
  • Reverse Repurchase Agreements, Bonds, Structured products (loans), Unit Trust and Mutual Funds
  • Ability to use Microsoft Office Suite
  • Knowledge of relevant computer applications and systems relevant to the management of Investments
DUTIES AND RESPONSIBILITIES

CLIENT REQUESTS AND PLEDGE MANAGEMENT

  • Complete Client Letters (Audit Confirmation, Tax, Embassy, Statement, Reference etc.) within SLA
  • Review pledge forms, prepare pledge letter and pledge release requests to JCSD
  • Review Dematerialization of Share Certificates and submit to JCSD
  • Upload all VMWM Tax Certificates to TAJ online platform monthly
  • Process VMBS customer withholding tax upload and tax certificate requests
  • Generate and dispatch to the respective department heads, listing of all unverified trades in Opics (COIQ) daily
  • End of Day queue status reporting (QMON, COIQ, IRIQ, RPIQ)
  • Updating cost centers (MMFM) for BR02 and BR04
  • Posting of journal to clients call & notice accounts ensuring 100% accuracy
  • Update pledges in Opics when loan documents are received
  • Review Margin Laon documents and approve loan disbursement
  • Process Inter/Intra Member movement requests for equities and ensure Opics records are updated

 

RECONCILIATION and REPORTING

  • Prepare Broker Recon for VMWM and Unit Trust by 10th day after month end for review by Supervisor
  • Prepare Client Holdings Recon for VMWM by 15th day after month end for review by Supervisor
  • Complete investigation and resolution of Recon items before next month end for month being reviewed
  • Download Opics Reports daily and save in designated folder by 11:00 am each workday
  • Prepare and dispatch FSC Weekly report
  • Prepare and dispatch Margin Loan Report monthly
  • Reconcile all Equity holdings every month to ensure all purchases/sales and transfers have been captured in Opics.

 

SECURITIES MANAGEMENT

  • Enter all new securities within 2 HR of receipt, ensuring 100% accuracy with term sheet or description from Bloomberg.
  • Enter daily rates (FX, T-Bill, NDX, US Libor) in core system by 9:30 a.m - 100% accuracy should be maintained
  • Update Bond & Equity prices by 5 p.m daily with 100% accuracy for all Branches
  • Check & enter all dividend events in Opics by 10 a.m. daily/ when applicable
  • Reconcile and upload EOS settlement files (GLTE, IRDF, BREDE) by 10:00 on settlement day
  • Reconcile and send out EOS Trade report by 4:30 pm daily
  • Process Opics security transfer (receive or deliver) requests within one business day
  • Ensure there are no SMCL, GLTE, RDFE, DLIQ transactions in the Opics queue by EOD
FOREIGN EXCHANGE REPORTING
  • Review automated purchases and sales report generated from relevant banking systems;
  • Report counterparty purchases and sales executed by Treasury Front Office
  • Review schedule of foreign currency purchases and sales and report information in the BOJ E-Gate/FXTP system by 3:00 pm
  • Prepare consolidated Foreign Exchange Transactions Report and send to the Research Division of BOJ by the 10th work day of each month
  • Prepare journal for FX Switch transactions executed by Treasury Front Office
  • Prepare banklist information (foreign currency deposits to JMD a/c) for reporting on E-gate/FXTP
  • Calculate daily foreign currency surrenders based on counter and market rate purchases and report to BOJ by 3 pm
  • Submit BOJ Surrender Settlement by 12pm daily (includes letter, wire, and journals)
  • Prepare foreign exchange transactions schedules monthly and the Foreign Exchange Gain Report.
  • Prepare Net Open Position (NOP) Report, report in E-Gate/FXTP and submit to Group Finance by EOD daily
  • Pull E-gate/FXTP Trading Summary and submit to Treasury Front Office by EOD daily

 

Ref: Treasury Operations Specialists
Apply Now

Victoria Mutual Building Society (VMBS)

Victoria Mutual Building Society (VMBS)

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  • Chief Office: 8-10 Duke Street, P.O. Box 90, Kingston, Jamaica
  • (876) 922-8627