Back Office Officer Office location: Basel Department: Banking Unit: Back Office Service: Back Office Employment - Duration: 3 Years Contract type: FTE%: 100% Application Deadline: 26/02/2024
Description
Back Office Officer
The Bank for International Settlements (BIS) is hiring a Back Office Officer to join our Back Office Operations team in the Banking department.
The role is based in Basel, Switzerland, however, thanks to our status as an international organization, we can hire globally and welcome applications from candidates of all nationalities located anywhere in the world. Relocation support is available for the successful candidate and their dependent family members.
Purpose of the job:
Our mission is to support central banks' pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.
You will contribute to this mission by:
working on transactional Back Office tasks, as well as contributing to various stages of projects or continuous improvement initiatives. working on various processes and protocols, ensuring conformity with best market practices and compliance rules.By joining the Back Office Operations team, you will:
become familiar with a broad range of products, processes, and systems in the operations environment. be part of a team with high impact responsibilities in processing, confirming, validating transactions and payments. benefit from working in an international environment that offers flexible working with a blend of onsite work and home office.Principal Accountabilities:
Validation and confirmation of trades, ensuring the accuracy and timeliness of confirmations, settlements, and payments. Resolve exceptions for all non-standard and complex operations for bonds, money market, FX and derivatives instruments. Create, check, and maintain instrument definitions in the trading system. Investigate and resolve issues together with front office, custodians, and customers. Involvement in settlement instructions maintenance process.Qualifications, skills, and experience:
Proven Banking Back Office experience and good knowledge of Banking instruments, market practice and new initiatives in the banking / financial industry. Familiarity with Swift messaging formats. Knowledge of Bloomberg information systems. Flexible, collaborative, and excellent team player. Good organizational skills with the ability to work to deadlines. Customer-focused with good communication skills. Proficiency in English. Knowledge of German, Italian or French desirable.Who we are:
The Bank for International Settlements is a diverse organization with colleagues from over 60 countries. By joining us in the international city of Basel, you will work in a unique, highly rewarding, and international work environment. We truly value diversity and inclusion and want to reflect the world we serve. At the BIS, we value equality and diversity in all its forms and one way we support diversity and inclusion is through our staff-run networks.
What the BIS offers:
We want your time at the BIS to be a rewarding and career-enriching experience. We offer an agile and flexible working environment with hybrid working opportunities including home office and working from abroad days. To support our international applicants, we offer relocation support that extends to your dependent family members. In addition, thanks to our ongoing commitment to diversity and inclusion, we offer a competitive compensation and benefits package, including support for working families including childcare and education allowances (where applicable). Finally, we offer a genuinely unique international working environment, which will give you exposure to the global financial system and the opportunity to collaborate with passionate experts from all over the world.
We strive to ensure that individuals are provided reasonable accommodation to participate in the application or interview process, and to perform essential job functions. Should you wish to request accommodation, support in completing this application or participating in the application process, then please reach out to the recruitment team at staffing@bis.org.