Middle Office Officer

Job description

The position of Middle Office Officer involves the following responsibilities:

• Processing of SEPA credit transfers (SCT / SCT Inst) and international SWIFT payments (MT103, MT202, pacs-008)
• Verification of compliance with payment instructions: IBAN, BIC, payee details, payee verification (VXP)
• Identification and management of suspended payments, rejections, and returns (R-transactions)
• Monitoring of urgent and high-value payments via SEPA or TARGET2 / T2
• Application of sanctions screening procedures (EU, OFAC lists) within the regulatory export period

Nostro Account Management

The management of Nostro accounts includes:

• Daily monitoring of liquidity positions in nostro accounts at correspondent banks
• Reconciliation of Nostro statements with posted transactions (Reconciliation of MT940 / MT950)
• Identifying and resolving reconciliation errors within specified timeframes
• Management of outstanding items and escalation to correspondent banks in the event of discrepancies
• Optimization of intraday balances in coordination with Treasury

Back Office

The middle office department is also involved in other back-office tasks, such as the administration of securities transactions, corporate actions, and tax-related operations.

Requirements

The position requires:

• At least a bachelor's degree, ideally in banking, law, finance, or a related field
• Proven experience in a back-office or middle-office role, preferably with experience in cash and securities transactions
• Basic understanding of and experience with regulatory reporting, including CDOP, CESOP, Emmi Refit, and other relevant regulations
• A background in back-office banking operations with experience in tax and regulatory matters is preferred
• Strong analytical skills to identify, analyze, and monitor regulatory errors and discrepancies
• Proven ability to drive process optimization initiatives and implement best practices
• A high degree of attention to detail to ensure the accuracy and compliance of regulatory reports and reconciliations
• Excellent communication skills to collaborate effectively with various teams and stakeholders

Our values

Our values are:

• Responsibility: Taking responsibility for tasks and challenges, and continuous improvement
• Practical: Proactively delivering high-quality results
• Passionate: commitment and striving for excellence
• Solution-oriented: Focus on customer results and fair treatment of customers, combined with a risk-aware approach
• Collaborative: Fostering cooperation and teamwork with an entrepreneurial spirit