Treasury Back Office Assistant

The Treasury Back Office team supports the bank through cashflow management on a day to day basis. The team ensures accurate and timely confirmation and reconciliation of internal and external cashflows. We work closely with the Front Office to manage the banks liquidity and exposure, through the settlement of trades with other banks executed by the Front Office. Most commonly via instruments such as interest rate swaps, Repurchase agreements and pooled deposits.

About Us:

OSB Group is a leading specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market. Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSBs unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.

What you will be doing:

In this role, you will have the opportunity to to undertake the daily tasks required to ensure deals are executed to the highest standard as agreed with counterparties to fulfil the Groups obligations. This varied role will provide you with the unique opportunity to gain exposure to a broad range of areas within the business and achieve personal and career development.

Your responsibilities will include

• Supporting the performance of treasury instrument deal approval, settlement and confirmation matching, ensuring all transactions are accurately recorded in the Treasury Management System.
• Preparing treasury payments in line with current authorities ensuring accuracy and delivery against contractual obligations.
• Assisting the smooth running of the Groups cashflow management responsibilities, (including Group Pooled deposits).
• Supporting with daily Swap and Repo collateral management by calling for margin, managing disputes, portfolio reconciliations and reporting to mitigate credit risk.
• Handling the daily swap clearing reconciliations and payments with approved swap clearing partners. Ensuring all discrepancies are appropriately recorded, raised with the clearers and escalated as appropriate.

In return for your commitment:

We offer a base salary dependent on experience of between 22,000 – 26,000 and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 12.5%
• 28 days annual leave plus bank holidays
• Contributory pension (8% employer 5% employee)
• Life Assurance (4x salary) plus Group Income Protection
• Access to Private Medical Insurance and Medical Cash Plan
• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.

Could you be the one?:

We are looking for talented individuals who have the experience and knowledge set out below:

• Strong knowledge of Microsoft Excel would be an advantage.
• Knowledge and understanding of electronic banking systems is essential.
• Strong verbal and written communication skills including the ability to interact with people at all levels in an organisation is essential.
• Ability to meet intraday deadlines, prioritising work to
• Ability to problem solve in challenging situations is essential.

What to do next: