Manager, Nostro Control at European Bank for Reconstruction and Development, UK

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Deadline: 8 November 2015

The European Bank of Reconstruction and Development (EBRD) is currently seeking applications from the eligible applicants for the post of Manager, Nostro Control, based in London, UK.

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The Manager, Nostro Control interacts with a wide cross section of departments within the Bank and additionally with the Resident Offices.

EBRD helps businesses flourish through financial investments, business services and involvement in high-level policy dialogue, promoting entrepreneurship and changing lives.

Key Job Responsibilities

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The Manager, Nostro Control, will perform the following functions-

  • Work closely with our Legal Counsel to ensure that Terms and Conditions are in place for new and existing accounts.
  • Reconciliation and management of the Bank’s nostro and securities accounts ensuring funding requirements are met in an accurate and timely manner by reviewing account positions, creating fund transfers and liaising with Operations-Treasury to ensure transfers are effected
  • Management of the Bank’s credit needs with its custodians, ensuring adequate cover is provided at all times through positioning of collateral
  • Proactive investigation of failed trades to ensure minimum settlement disruption and effective cost management
  • Liaise closely with Treasury providing accurate and timely cash flow positions to allow the optimization of Bank funds
  • Monitor the Bank’s correspondent accounts to ensure validity of accounts and balances
  • Liaise closely with other departments and Operations units to ensure accurate and timely resolution of fail trades and processing breaks
  • Liaise closely with internal and external clients on Nostro Control matters ensuring all processes are completed in an accurate and timely manner minimising the Bank’s exposure to operational and settlement risk
  • Maintain Static data within Summit to ensure the correct entries are posting to correct accounts.

Eligibility Criteria

Applicants must have-

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  • University Degree
  • Fluent English language skills, both verbal and written
  • Previous relevant bank reconciliation and account opening experience
  • Organized individual with good attention to detail
  • Strong communication skills in the English language, both written and spoken
  • Strong computer skills with emphasis on Excel
  • Experience with Summit, SWIFT, SAP R3 and Accurate

How to Apply

Applications must be submitted through online process.

For more information, please visit EBRD.

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