Senior Treasury Operations Associate

About Bci

Bci provides financial services to individuals and corporations. We focus on being a global leader in innovations and personalized client experience and, with more than 10,500 employees, Bci is recognized as one of the best companies in which to work and develop a career. It is the third largest privately owned bank in Chile and it has more than 300 branch offices throughout Chile and representative offices in other countries.

Bci is an Equal Opportunity Employer - All qualified applicants will receive consideration without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other factor determined to be unlawful under applicable law.

Job Summary

The Senior Treasury Operations Associate monitors and manages financial risk associated with the Treasury function, including cash flow, investments, derivatives and foreign exchange exposure. Additional responsibilities include risk analysis and reporting on key metrics and processing transactions, while observing regulatory compliance and established bank policies and procedures .

DUTIES OF THE POSITION

The duties of the position include, but are not limited to, the following:

Risk Monitoring

• Actively monitor market exposures related to interest rates, currency fluctuations, and credit risk.

• Analyze and report on potential risks associated with treasury activities.

• Ensure adherence to pre-set risk limits and escalate any breaches.

Transaction Settlement & Confirmation

• Perform daily settlement process, wire transfer and nostro account management for treasury transactions; including Commercial Paper, Yankee CDs, Repurchase Agreements, Bonds, Foreign Exchange and Derivatives.

• Resolve any discrepancies or issues related to trade settlement, including margin calls and confirmations.

• Monitor and report on outstanding trade positions to ensure proper risk management.

• Generate trade confirmations and communicate them to counterparties in a timely manner.

• Verify that treasury transactions comply with internal policies, regulatory requirements, and accounting standards.

Liquidity Management

• Monitor cash flows and account balances to ensure sufficient liquidity for trade settlements.

• Communicate potential liquidity concerns to the treasury management team.

Collateral & Custody Management

• Perform collateral management for margin calls and ensure custody positions are appropriately monitored.

Data Analysis And Reporting

• Generate comprehensive reports on treasury performance, including key metrics like cash flow forecasts, exposure analysis, and investment returns.

• Perform daily reconciliations to identify discrepancies and ensure accuracy.

Process Improvement

• Identify opportunities to streamline treasury operations and enhance efficiency.

• Develop and implement new procedures to mitigate risks and improve control environment.

Audit

• Prepare and submit periodic internal and external regulatory reports, as necessary.

• Support internal, external, and regulatory audit examinations, as well required.

Additional Requirements

• Must maintain courteous, professional and effective internal and external working relationships

• Must provide timely and appropriate responses to requests for information and/or customer complaints or concerns and provide appropriate follow up to ensure issues are resolved

• Must receive and provide clear, constructive feedback in a cooperative and professional manner

• Ability to understand, speak, read and write English and Spanish

• Effectively speak before groups of customers or employees

• Assume evolving duties and responsibilities of position

• Work all hours required to fulfill job duties and responsibilities (including weekends, evenings and holidays as needed)

• Travel as required

• Provide coverage for other positions as requested

• Ability to carry and lift boxes and/or other objects that may weigh between 10 and 25 pounds.

• Perform additional duties and responsibilities as assigned by management

Compliance Responsibilities

In the performance of their duties, all Bci - Miami Branch staff members are required to comply all state and federal regulatory and legal requirements, including the Bank Secrecy Act, the Federal Election Campaign Act of 1979, the Foreign Corrupt Practices Act, and the Bank Bribery Amendments Act. Additionally, all staff members must comply with the Bci's Personnel Manual and Code of Ethics and other policies of Bci which are either currently in place or which may become effective during the staff member's employment.

Computer Skills

PRE-HIRE REQUIREMENTS FOR THIS POSITION:

Ability to operate IBM compatible personal computers; fluency with Microsoft Word, Excel, PowerPoint, Python, Calypso, Murex, Google Suite, and other banking applications needed to perform the functions of the position.

Education

• Bachelor's degree in business administration, Engineering, Finance or equivalent experience. Master's degree is desired, but not required.

Certifications/Licenses

• Certified Treasury Professional (CTP) is desired, but not required.

Experience

• Minimum 7 years of relevant experience in treasury middle/back office within a financial institution.

• Knowledge of investment products: swaps, bonds, repos and FX required.

• Individuals must be comfortable with details and must be able to work under the pressure of deadlines. Apart from being able to proactively seek solutions to complex problems, the person must be able to quickly learn, comprehend and communicate these concepts. Individuals must also be able to multitask and work independently as well as in a team environment.

REQUIREMENTS (For Internal Candidates)

• Minimum one year in your present position

• Good and/or excellent performance review

• Current supervisor/HR must be notified