Business Unit: CFO
Role Focus: Treasury, Peer Group: Leaders and Specialists (A)
Salary range: £37,600 - £47,000 per annum DOE
Location: Hybrid – with travel to a UK Virgin Money Hub when required.
Contract Type: 12 Month FTC

Our Team
Our Treasury Operations Team is responsible for settling and executing trades completed by the Treasury Markets and Funding teams, as well as Financial Risk Solutions.  Reporting to the Senior Manager of Treasury Operations you will work in collaboration with the team to ensure the execution of all actions in an efficient and timely manner throughout the trade cycle to the final settlement of Treasury transactions. 

In this exciting role, you’ll have the chance to learn loads as the team is rotated through the various products and functions, to ensure that all team members can become fully rounded operations professionals. This is a multi-faceted and challenging role where you will be involved and be accountable for aspects of the Treasury transactions life cycle, inclusive of escalations and process improvement activity - therefore flexibility and tenacity are critical to success.

What you’ll be doing

• Accurately processing (within the Bank’s control framework) the transaction lifecycle of deals executed with the market and customers by Treasury and Financial Solutions front office staff including:
   - Confirmation Generation and Matching, Cash and Securities Settlements,
   - Deal Processing,
   - Collateral and Margin Management,
   - Broker Statement, Cash and Stock Reconciliations, and
   - Customer reporting and Transaction regulatory reporting
• Ensuring assigned Operations checklists are completed each day
• Highlighting any problems with confirmation matching and ensure that these are followed up/escalated as necessary.
• Exception monitoring
• Monitoring margin calls, ensuring all movements are agreed and captured in system
• Reconciling portfolios and investigating valuation differences
• Assisting in investigations
• Transmitting SWIFT messages by payment cut off times for each currency each day
• Ensure custodians are funded accordingly as per trading requirements and settlement
• Overview of Nostro account and other account discrepancies and ensuring that reconciling items are investigated and actioned
• Daily reconciliations between the Bank’s systems to ensure that all transactions are appropriately transferred to relevant processing systems
• Ensuring all same day value transactions are processed within cut-off times
• Escalate issues when necessary to Operations management team. 

We need you to have

• Experience in back-office operations across various asset classes - particularly Derivatives – Variations of Interest rate swaps and FX options, Fixed income, FX and money markets for a UK bank or investment bank.
• Strong quantitative skills
• Good knowledge of the operations environment inclusive of effective controls.
• Collateral Management experience
• Ability to execute ad-hoc requests
• Effective personal organisation and time management capabilities.

It’s a bonus but not essential

• Good IT skills, inclusive of Excel and Word
• Knowledge of Swift Messaging
• Markitwire experience
• Exposure to EMIR/MiFID reporting    
• System exposure – Calypso

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more.
• Up to five extra paid well-being days per year​. 
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. 
• Market-leading pension.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out. 

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with.  We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.’ Our customer centric culture means that we're able to do banking differently and by innovating and working together we can make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.