Treasury Operations Consultant

Treasury Operations Consultant (Middle Office)

About Discovery 

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Bank

Discovery Bank is a bank like no other – a shared-value bank, designed with our clients in mind. We’re all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you’re adaptable, a problem-solver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that’s safe and nurturing.

Job Description

The Treasury Operations consultant (Middle Office) supports the Bank Treasury function by monitoring, analyzing, and reporting financial risks arising from liquidity management, funding activities, and market exposures. The role acts as a control function between front office (deal execution) and back office (settlement), ensuring accuracy, compliance, and transparency in treasury operations. You will be a responsible for providing a full range of Treasury Support Services, with a focus on Middle Office (Risk) and Systems.

Key Responsibilities

• Provide daily end-to-end Treasury support, including trade valuation, risk reporting, confirmation, settlements, General Ledger postings and system reconciliation.
• Provide system testing support (UAT) on bug fixes, system enhancements, and treasury new products.
• Assist in resolving trade discrepancies caused from trade pricing issues, systems failures, breaks, etc.
• Ensure that Treasury related internal accounts are reconciled by clearing all exceptions.
• Perform daily financial reconciliation between front office systems, risk systems & Finance’s GL to ensure data in all systems matches.
• Perform variance analysis between Front Office P&L and Finance GL to ensure variances are analysed & explained.
• Monitor and assess treasury-related risks, including:
• • Liquidity risk
  • Market risk (interest rate, FX exposure)
  • Counterparty credit risk

Assist in stress testing and scenario analysis to evaluate potential impacts on liquidity and capital.

Qualifications

• Bachelor’s Degree in a quantitative field (Maths, Stats, Computer Science, Engineering) is required.
• Banking / Financial Markets related certifications (ACI/RPE) are an advantage.
• Three to five years’ experience in a Bank Risk or Treasury Middle Office / Systems environment.
• Good understanding of the processing of financial markets instruments in the following asset classes; FX, Money Markets and Fixed Income
• Systems experience: Calypso and SAP preferred. Intermediate excel skills an advantage.

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.