Control Assurance and Risk Management
• Perform monthly Control Assurance Testing (CAT) across all assigned business areas, ensuring 100%
completion within agreed timelines and to the standard required by Internal Audit and the Risk function.
• Produce detailed, evidenced CAT reports that provide senior management with a clear assessment of
each team's control performance, including identification of control weaknesses, root cause analysis,
and recommended remediation actions.
• Support the Head of Operational Risk in the preparation of the monthly Enterprise-Wide Risk
Management Committee (EWRMC) pack, ensuring accuracy, completeness, and timely submission.
• Maintain and update the Bank's Operational Risk Event (ORE) log; escalate any material risk events to
the Middle Office Manager and Operational Risk function within 24 hours of identification.
• Identify, document, and escalate emerging operational risks across Middle Office workflows; maintain
a risk register of identified issues and track remediation to closure.
• Act as First Line of Defence by embedding risk awareness and control discipline into all day-to-day
Middle Office activities.
Trade Processing and Lifecycle Management
• Track, validate, and process all non-Straight-Through Processing (non-STP) trades booked by the
Front Office across all asset classes (FX, fixed income, money markets, term loans).
• Manage the complete trade lifecycle from booking confirmation through to settlement, ensuring
accuracy at each stage and timely escalation of any exceptions or breaks.
• Perform pre-settlement trade matching and confirmation, coordinating with counterparties and
custodians to resolve discrepancies prior to value date.
• Maintain accurate trade records within the Bank's core banking and trading systems, ensuring all
amendments, cancellations, and novations are processed and documented correctly.
• Coordinate with the Front Office, Back Office, and Finance to resolve any trade booking errors,
ensuring the P&L impact of corrections is identified and communicated promptly.
Bond, Coupon, and Principal Settlements
• Manage the end-to-end settlement of all Treasury bond, coupon, and principal payments, ensuring
100% of due payments are accurately identified and communicated to the custodian at least one
business day before value date.
• Maintain the settlements diary for all bond maturities; produce and distribute the Live Bond Settlement
Report daily to relevant stakeholders.
• Perform reconciliation of expected versus actual settlement receipts, identifying and escalating failed
or delayed settlements on the day of occurrence.
• Use reconciliation tools and periodic data checks to maintain accuracy and identify discrepancies
requiring resolution before settlement deadline.
FX Rate Maintenance
• Update start-of-day and end-of-day FX rates daily by 16:30 to support next-business-day processing
across all relevant departments; ensure rates are sourced from approved market data providers.
• Maintain a rate update log as an auditable record of all daily FX rate changes; ensure any
discrepancies between the Bank's rates and market rates are escalated immediately.
• Coordinate with Finance and the Front Office to ensure consistent and approved FX rate application
across all internal systems and intercompany transactions.
Nostro Reconciliation
• Perform daily Nostro account reconciliation across all of the Bank's Nostro accounts, identifying