PRIMARY PURPOSE
Processing of the following:
1. FGN Trading Bonds2. FGN AFS Bonds3. GHS Trading Bonds4. FGN EURO Trading Bonds5. AMCON Bonds6. US Treasury Bonds AFS Portfolio7. Trading Treasury Bills8. AFS Treasury Bills9. Customer Investments in Bills and Bonds
Others include: 1. Daily Mark to Market for Bills and Bonds2. Treasury bills blotter Update3. Treasury Bills Blotter /DEPO/X daily Proof4. FGN Bonds Edealer/ DEPO/X daily reconciliation5. Tbills pledged to FIRS/NIBSS/Clearing/Zenith etc.6. Tbills/Bonds Customer Purchases7. Auction bidding8. Coupon Processing
Authorisation on the following systems:
1. Money Market System2. Flexcube3. RTGS – CBN Payment System4. S4 – CBN Securities Settlement System5. Orbiflow
PRINCIPAL ACCOUNTABILITIES:
1. FGN BONDS/ TREASURY BILLS AUCTION
• Ensure bonds/bills application forms are filled correctly• Authorize bid on S4 for new maturities introduced by CBN• Generate letters to Central Bank in respect of the bond application for existing maturities• Confirm Stop rate and ensure we are debited accordingly• Post entries on flexcube• Ensure Customers requests for Bonds are presented to CBN• Instruct CBN on S4 to transfer Bonds to PFA Custodians• Obtain and Update FII Security Numbers for new AFS Bond/Bills
2. FGN BONDS/ TREASURY BILLS TRADING PORTFOLIO
• On Sale/Purchase of Bonds/Bills to counter party, ensure Trades are settled on DEPO/X on Settlement Date• Ensure entries are passed on flexcube on Settlement dates• Pass entries to reconcile and net-off Suspense Account.• Confirm settled and unsettled trades from S4• Contact counter parties for failed/unsettled deals.• Send reports on unsettled deals to Treasury and monitor representation.• Pass adjusting entries for failed settlements.• Ensure confirmation letters are sent to counterparties• Update the Treasury bills blotter and reconcile• Reconcile the Bonds/Bills position on flexcube to S4• Escalate discrepancies to CBN for resolution.
3. US TREASURY BONDS/GOVERNMENT OF GHANA BONDS/FGN EURO BONDS
• Handle the processing of foreign currency Bonds.• Liaise with custodians to reconcile the bonds Portfolio using MT535• Confirm the deals• Follow up on FICC to update Edealer for interest accrued.• Ensure Coupons are received when paid.• Monitor for receipt of cash settlements for Sales and ensure transfers are done for Purchases.
4. Ensure confirmation letters are printed and sent to despatch unit.
5. Preparation of Regulatory Returns on Bills and Bonds
6. Review PCU report on bills/bonds and take appropriate action as required.
7. Send Management Reports to relevant unit
8. Send Unsettled transactions report to relevant units
9. Update the Treasury Monthly MIS report before the 15th of the next month.
10. Reconcile Interest in suspense and PDO account balances before the 15th of the month. Escalate to relevant units and follow through for resolution of exceptions.
11. Review FX profit calculations for adjustment of unrealised profit.
12. Perform oversight function for the outsourced products in the unit
13. Co-ordinate the monthly and quarterly surprise proofs for the unit
14. Co-ordinate the MCA in the unit
BUSINESS RELATIONSHIPS:
Internal: RMs, GSG, Citiservice, Customer service, TTS CASH, FINANCE, OPS Control, FICC, SFS etc.
External: CBN, NDIC, ARR, CSCS, OTHER INTERBANKS COUNTERPARTIES, FMDQ
Qualifications
SPECIALISED SKILLS/EXPERIENCE:
Education or (Equivalent Training): Basic College Degree.
Experience and Training: From 5 Years
Moderate Physical Demand
THINKING COMPLEXITY
Thinking Complexity required is high largely due to the following:
• Unstructured demands and requirements from Central Bank, CSCS, FIRS Authorities and other relevant agencies.• Multiple Systems used for processing• Some disparity between Local accounting and US GAAP• High value of transactions
Exceptional candidates who do not meet these criteria may be considered for the role provided they have the necessary skills and experience.
Valuing Diversity: Demonstrates an appreciation of a diverse workforce. Appreciates differences in style or perspective and uses differences to add value to decisions or actions and organisational success.Citi is an Equal Opportunities Employer
Apply via :
jobs.citi.com
