Senior Middle Office Officer

Job description

The position of Senior 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 payment order compliance: IBAN, BIC, payee details, payee verification (VAP)
• 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 and OFAC lists) within the regulatory export timeframe
• Serve as the primary point of contact for complex operational issues within the team
• Promoting a culture of continuous improvement, knowledge sharing, and regulatory compliance within the team
• Responsibility for the middle-office payment function from start to finish, including the operating model, target service levels, and the multi-year roadmap
• Definition and Further Development of the Control and Escalation Framework

Nostro Account Management

The management of Nostro accounts includes:

• Daily monitoring of liquidity positions in nostro accounts with 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 the Treasury Department
• Responsibility for the nostro reconciliation framework and the management of the escalation process with correspondent banks

Back office

Other back-office responsibilities include:

• Participation in regulatory reporting related to payments (CESOP, CSDP6, PSD2)
• Responsibility for regulatory compliance of the payment function
• Identifying and implementing process improvements to increase STP rates, reduce manual intervention, and enhance operational resilience
• Maintenance and updating of operating instructions, inspections, and escalation procedures

Requirements

The position requires:

• At least a bachelor's degree, ideally in banking, law, finance, or a related field
• At least 7 years of experience in a back-office or middle-office role, preferably with experience in cash and securities transactions
• Solid understanding of and experience with regulatory reporting, including CDOP, CESOP, Eurex Relit, and other relevant regulations
• A background in back-office banking operations with experience in tax and regulatory matters is preferred
• Strong analytical skills for identifying, analyzing, and correcting errors and discrepancies in regulatory