Job Description
The Operations Officer – Treasury Middle Office is a critical independent control and support function that sits between the Treasury Front Office (trading/dealing desk) and Back Office (settlement and accounting). The role is responsible for trade confirmation, risk monitoring, limit surveillance, regulatory reporting support, P & L validation, and operational control of the Bank's treasury transactions spanning money markets, fixed income, foreign exchange, derivatives, and capital markets instruments. This role demands a high degree of technical competence in treasury products, risk management frameworks, and treasury management systems, combined with strong analytical ability, attention to detail, and professional integrity.
Duties and Responsibilities
Trade Capture & Confirmation
● Ensure all treasury transactions (FX spot, forwards, swaps, money market placements/borrowings, government securities, derivatives) are accurately captured in the Treasury Management System (TMS) on a same-day basis.
● Perform independent verification of trade data entered by dealers, checking counterparty, product type, notional, rate/price, tenor, settlement instructions, and legal entity.
● Match and confirm trades with external counterparties via SWIFT MT300/320/360/370 messages, telex, or electronic confirmation platforms.
● Resolve trade confirmation breaks and discrepancies within prescribed timelines; escalate unresolved items in accordance with the Bank's confirmation policy.
● Maintain a daily confirmation tracking log and ensure pre-settlement confirmation is achieved within agreed Service Level Agreement (SLA).
Risk Monitoring & Limit Surveillance
● Monitor real-time treasury risk exposures including FX open positions, interest rate sensitivity, counterparty credit exposure, liquidity limits, and stop-loss thresholds.
● Run and distribute intra-day and end-of-day risk reports to Treasury management and the Risk function, including position summaries by dealer, product, and currency.
● Independently verify dealer positions against Front Office systems and flag discrepancies immediately.
● Monitor adherence to Board-approved and regulatory trading limits; identify and escalate breaches immediately to the Manager, Treasury Middle Office, Head of Treasury, and Market Risk Management.
● Maintain a limit breach register and ensure that all breaches are formally acknowledged, documented, and remediated with root cause analysis.
● Support the computation and validation of Value-at-Risk, and other risk sensitivities as directed by Market Risk Management.
Profit & Loss Validation
● Produce and validate daily Profit & Loss (P & L) reports for all treasury trading books, including FX, money markets, and fixed income.
● Perform independent mark-to-market (MTM) valuations using approved pricing sources (Bloomberg, Reuters, Central Bank rates) and reconcile against Front Office P & L.
● Investigate and resolve P & L discrepancies, with clear documentation of methodology and resolution.
● Prepare month-end P & L packs for sign-off by Head of Treasury and Financial Control.
● Ensure accruals, premiums, and realized/unrealized gains and losses are correctly accounted for and reported in the general ledger.
Regulatory Reporting & Compliance
● Prepare and submit accurate treasury-related regulatory and statutory reports to the Central Bank, Securities Regulator, and other applicable authorities within prescribed deadlines such as FX position reports, liquidity coverage ratio data, net open position reports.
● Maintain a regulatory reporting calendar and ensure no reporting deadlines are missed.
● Assist in the preparation of Asset and Liability Committee (ALCO) data packs, including liquidity metrics, repricing gaps, and treasury portfolio analytics.
● Support compliance with IFRS 9 hedge accounting documentation, effectiveness testing, and de-designation processes.
● Maintain awareness of evolving regulatory requirements, local central bank prudential requirements and flag material changes to management.
Reconciliation & Control
● Perform daily reconciliation of treasury positions between the TMS, core banking system, and general ledger; investigate and resolve breaks within agreed timelines.
● Reconcile nostro and vostro account statements to confirm cash settlement accuracy; escalate unresolved items to settlement/Back Office.
● Conduct securities portfolio reconciliation against custodian/depository records on a daily and monthly basis.
● Manage suspense and clearing accounts related to treasury transactions; ensure items are cleared within permissible aging periods.
● Maintain a formal reconciliation break register with aging analysis and escalation matrix.
Treasury Systems & Data Integrity
● Act as a key user and control point for the TMS and associated pricing/risk systems.
● Maintain and update standing data (counterparty limits, holiday calendars, product parameters) in the TMS with appropriate authorisation.
● Support system testing and validation for TMS upgrades, new product rollouts, and interface changes.
● Identify and escalate system anomalies, interface failures, or data quality issues impacting treasury operations.
● Maintain comprehensive documentation of system processes and operational procedures.
Operational Risk Management
● Identify, assess, and report operational risk events, near-misses, and control gaps in the Treasury Middle Office in accordance with the Bank's Operational Risk Framework.
● Maintain and update the Treasury Middle Office Risk and Control Self-Assessment (RCSA) and Key Risk Indicators (KRI).
● Develop, maintain, and enforce Standard Operating Procedures (SOP) for all middle office processes.
● Conduct periodic control testing and contribute to operational risk reporting.
● Ensure robust documentation and an audit trail for all treasury transactions and operational activities.
Documentation & Legal Support
● Maintain the Bank's repository of treasury legal documentation including ISDA Master Agreements, Credit Support Annexes (CSA), Global Master Repurchase Agreements (GMRA) and Global Master Securities Lending Agreements (GMSLA).
● Support the onboarding of new trading counterparties including KYC, ISDA negotiation support, and SSI (Standard Settlement Instructions) setup.
● Ensure all trades executed under specific legal frameworks are correctly categorized and flagged in the TMS.
Business Continuity & Governance
● Maintain and periodically test the Treasury Middle Office Business Continuity Plan (BCP).
● Support internal and external audit engagements by providing timely evidence, documentation, and explanations of controls.
● Participate in and contribute to treasury governance forums, risk committees, and operational review meetings.
Qualifications and Experience
● Bachelor’s degree in finance, Accounting, Economics, Mathematics, Statistics, Financial Engineering, or a closely related quantitative discipline. (Diploma considered with exceptional experience).
● Minimum 3–5 years of direct experience in a Treasury Middle Office, Treasury Operations, Market Risk, or related function within a commercial bank, investment bank, or financial institution.
● Demonstrated hands-on experience with treasury product types including FX (spot, forward, swaps, options), money market instruments (placements, call accounts, repos), government and corporate securities (fixed income), and vanilla interest rate derivatives.
● Practical experience with trade confirmation processes including SWIFT messaging (MT300, MT320, MT360/361), and/or electronic confirmation platforms.
● Experience producing and validating daily P&L reports and reconciling MTM valuations.
● Proven experience with regulatory reporting for treasury positions to a central bank or financial regulator.
● Experience working with a Treasury Management System (TMS) Bloomberg AIM, Murex, Kondor+, Finastra Fusion, or equivalent.
Core Competencies
Technical
• Treasury Products Knowledge, advanced working knowledge of FX, money markets, fixed income, repos, and vanilla derivatives; understands pricing mechanics and risk characteristics of each instrument class.
• Trade Confirmation & SWIFT, proficient in MT300/320/360/370 message types, confirmation workflow management, and break resolution.
• P&L Validation & MTM, ability to independently price instruments using Bloomberg/Reuters and reconcile mark-to-market valuations against Front Office output.
• Financial Reconciliation, three-way reconciliation across TMS, core banking, and GL; nostro/vostro and securities portfolio reconciliation.
• Treasury Management Systems, advanced user of at least one institutional TMS (Bloomberg AIM, Murex, Kondor+, Finastra, or equivalent).
• Regulatory Reporting, working knowledge of central bank treasury reporting requirements including FX position, net open position, and liquidity data submissions.
Behavioral
• Integrity & Independence maintains unconditional independence from the Front Office; never subordinates control obligations to commercial pressure. Non-negotiable.
• Accuracy & Attention to Detail, zero-error mindset; identifies discrepancies proactively before they escalate into operational or financial risk events.
• Risk & Control Mindset instinctively identifies control weaknesses and escalates without hesitation; operates as the Bank's last line of defense before settlement.
• Analytical Thinking translates complex financial data into clear, actionable findings, comfortable with quantitative problem-solving under time pressure.
• Accountability takes full ownership of assigned responsibilities; does not deflect; follows through on commitments in a high-stakes environment.
• Resilience & Composure sustains high performance and sound judgement during peak trading periods, system failures, and hard regulatory deadlines.
How to Apply
Interested and qualified candidates should send their detailed CVs indicating salary expectation to hr@successbank.co.zw on or before the 30th of April 2026.
