IMI CIB - Operation Specialist _U.S. Gov. Bond and Repo Back Office

Intesa Sanpaolo Group•New York, NY

24d

About The Position

This role is within the U.S. Gov. Bond and Repo Back Office of IMI CIB. The specialist will be responsible for updating and maintaining static data for new bond instruments, inputting and verifying trades for various securities, and confirming trades with counterparties. The position involves inputting repo and reverse repo transactions, as well as U.S. Government bond and repo-related cash movements into specific platforms. Key duties include monitoring systems for exceptions and settlement issues, reconciling custody records, performing operational oversight, verifying cash settlement, and managing fail logs and charge records. The role also supports Federal Reserve Discount Window operations, maintains swap positions, and provides backup for other Treasury Settlement functions.

Requirements

3-5 years of experience in Treasury Settlement, securities operations, or repo operations within a bank or financial institution is required.
U.S. Treasury, Agency, and Corporate Bond settlement processing
Repo and reverse repo, Cash settlement , SWIFT, CHIPS, and Fedwire payment
BNY BDC platform, Kondor+, Si/RE,INFORM,CEDEL,Microsoft Word,Microsoft Excel
Financial markets and securities settlement processes
Bank control environment, operational procedures, and operation guides
BSA, AML, OFAC rules and regulations
KYC policies and procedures

Nice To Haves

TMPG fail charge processing and reconciliation
Federal Reserve Discount Window operations
NYS DFS pledge account operations
Securities accounting entries and reconciliation

Responsibilities

Update and maintain static data for new bond instruments from Kondor+ to the Si/RE system.
Input and verify trades for securities, derivatives, repos, and reverse repos.
Confirm bonds and repo trades with counterparty trades via executed by phone, email, Tradeweb, or Bloomberg.
Input repo and reverse repo transactions into back office application.
Input U.S. Government bond, repo, and related cash movements into the BNY BDC platform.
Monitor BNY systems during the day for returned items, exceptions, and settlement issues.
Monitor and reconcile custody records and Si/RE accounts for coupon and interest activity.
Perform operational oversight on repo’s and cooperation bonds settlement and journal bookings.
Verify cash settlement activity and process the related accounting entries.
Notify traders and management of bond settlement fails and maintain fail logs.
Prepare, maintain, and reconcile TMPG fail charge records and reports with counterparties.
Prepare, maintain, and reconcile monthly BDC fee statements.
Support Federal Reserve Discount Window operations and NYS DFS pledge account activities.
Maintain bilateral interest rate swap positions prior to DFA and EMIR remediation or expiration.
Provide backup coverage for other Treasury Settlement functions as directed by management.