Senior Manager Money Market Settlements

Description

Join HugoBank's Treasury team and play a vital role in optimizing our financial resources while mitigating risk. As a Money Market (MM) Settlement Manager, you will oversee daily operations within the Treasury Back Office (TBO), ensuring compliance with State Bank of Pakistan (SBP) guidelines and industry best practices. This role involves authorizing deals, collaborating with the TBO Lead on departmental strategy, and maintaining up-to-date policies and procedures. You will be instrumental in supporting and enhancing HugoBank's treasury operations, ensuring accurate and timely transaction processing, settlement, and reporting.

Responsibilities

• Manage overall PRISM operations, including TMS / X, ensuring connectivity with the SBP system (Controller and TMS / X) and coordinating with SBP / IT teams for necessary updates.
• Update the SBP balance and RTGS inflows / outflows in the treasury blotter and share it with the treasury front office.
• Verify that funds transfer instructions received from the front office are processed promptly and that funds are credited according to agreed terms.
• Analyze market-based TROPS-related developments and assess the feasibility of implementing them at the bank.
• Liaise directly with the State Bank of Pakistan to address regulatory concerns related to RTGS and IT department functions, including SBP system upgrades.
• Manage all operational data for respective risk entities and report it to ORMU monthly for assessment.
• Conduct Risk & Control Self-Assessment (RCSA) and Key Risk Indicator (KRI) exercises according to bank procedures.
• Continuously monitor and report the bank’s operational risk exposure, losses, near-miss events, and KRI breaches to ORMU.
• Supervise the daily RTGS position shared by the front office and other stakeholders.
• Support department heads in preparing processes, control process manuals, SOPs, and KPIs.
• Prepare and submit all necessary reports to SBP and internal units on time.
• Reconcile treasury settlements and the SBP account daily to ensure accuracy and completeness.
• Establish and supervise the PRISM unit, ensuring daily PRISM blotter preparation and reconciliation with the front office and circulation to stakeholders.
• Ensure all processes have an audit trail for investigations and internal / external audits, and proactively assess and mitigate risks.
• Ensure all systems align with current needs and best market practices.

Requirements

Key Performance Indicators (KPIs)