The Bank for International Settlements, BIS is looking for a Back Office Officer to join our Banking, Back Office department.
The role is based in Basel, Switzerland, however, thanks to our status as an international organization, we can hire globally and welcome applications from candidates of all nationalities located anywhere in the world. Relocation support is available for the successful candidate and their dependent family members.
Purpose of the role:
The mission of the BIS is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.
The Back Office Officer is part of the Back Office team and works in close collaboration with the different units of the Banking department, back office experts in Basel and representative offices as well as internal IT service suppliers.
By joining the Back Office team, you will:
* Benefit from a working in a unique, international environment that offers flexible, hybrid working options with a blend of onsite work from our central office location in Basel and home office.
* Actively contribute to continuous improvement initiatives in the department.
* Support initiatives of the Banking Department, help designing special banking operations, and support regular audit requests.
Principal accountabilities:
* Accurately and efficiently undertake processing, confirmation and matching of transactions.
* Monitor cash settlement and perform cash reconciliations, investigate breaks, process settlement failures and compensation requests.
* Ensure accuracy and timeliness of confirmations, settlements and payments in order to protect BIS and customers.
* Create, check and maintain bond definitions in the trading systems, maintaining accuracy and timeliness of to meet expected standards and timelines.
* Ensure static data such as portfolios, counterparties, settlement instructions or agreements are kept up to date.
* Work to strict processes and protocols, ensuring conformity with best market practices and the rules set by Compliance and Internal Audit.
* Document processes and procedures as required to ensure that there is a clear audit trail, and that all colleagues are supported in being enabled in a consistent manner.
* Provide business analysis and user support for documentation of Back Office requirements and enhancement requests.
* Assist with the development, configuration, testing and maintenance of Back Office tools and applications.
Qualifications, skills, and experience:
* University degree or equivalent Banking experience.
* Minimum of two year’s work experience in a similar role in a financial institution.
* Knowledge of banking business practices (financial instruments, trading platforms, market infrastructures, etc.).
* Experience with SWIFT messaging formats.
* Ability to cope with a variety of tasks, to work methodically and accurately even under pressure.
* Strong communication skills including excellent command of spoken and written English.
Who we are:
The Bank for International Settlements is a diverse organization with colleagues from over 60 countries. By joining us, you will work in a unique, highly rewarding, and international work environment. We truly value diversity and inclusion and want to reflect the world we serve. We want the best people to work for us in an inclusive environment so welcome applications from all qualified candidates. At the BIS, we value equality and diversity in all its forms, including those with a breadth of professional experience. One way we support diversity and inclusion is through our staff-run networks. You can discover more about diversity at the BIShere.
What the BIS offers:
We want your time at BIS to be a rewarding and career-enriching experience. We offer an agile and flexible working environment with hybrid working opportunities including home office and working from abroad days. To support our international applicants, we offer relocation support that extends to your dependent family members. In addition, thanks to our ongoing commitment to diversity and inclusion, we offer a competitive compensation and benefits package, including support for working families including childcare and education allowances (where applicable). Finally, we offer a genuinely unique international working environment, which will give you exposure to the global financial system and the opportunity to collaborate with passionate experts from all over the world.
We strive to ensure that individuals are provided reasonable adjustment to participate in the application or interview process, and to perform essential job functions. Should you wish to request an adjustment, support in completing this application or participating in the application process, then please reach out to the recruitment team at staffing@bis.org.
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