operational control manager

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job details

istanbul, istanbul (europe)
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job description

We are looking for an Operational Control Manager who is to be back-office and middle –office role for the transactions of Banking Services Department and Treasury front office; manage local clearing system and SWIFT system and Bank’s liquidity; check and monitor Nostro management and Nostro accounts control in
Operational Control Unit of Financial and Operational Control Department.

Being responsible for the execution of operational control.

Providing information on operational risk incidents and operational losses and escalates issues to Head of Risk Management and Senior Management where required.

Follow up the regulatory updates of SWIFT and EFT system m such yearly Swift MT Releases and Central.

Bank of Turkey EFT-EMKT Payment Message format updates as well as the Regulatory Reporting requests related with Payment systems.

Mainly being in charge of Treasury Back Office Middle Office function. The middle office function is mainly to control the risk of treasury transaction, such as Money Market, FX Spot and Derivatives (Forward,Swaps), Bond investment.

Being responsible for the end to end oversight and verification of the appropriateness of operation control monitoring activity.

Working effectively with the Head of Risk Management, Treasury Manager, Banking Services Department and IT Department.

Informing local currency and FX position of the Bank timely to Treasury Manager.

Managing and controlling the operational risk in back-office settlement, reporting any authority breaches and operational non-compliance timely to the Head of Financial and Operational Control Department and reporting major operational risk events timely to the Senior Management and relevant departments.

Establishing communication with domestic and foreign correspondent banks where necessary, following and monitoring transactions and managing the reconciliation processes.

Controlling and checking Nostro account breaks and reporting any unusual activity to Head of Financial and Operational Control Department.

Managing EFT and Central Bank of Turkey(CBT)’s payment systems; performing the operation of required reserve payment of the Bank;managing Bank liquidity. acting accordingly to CBT’s EFT participation bank rules and providing the necessary information, reporting and performing mandatory system tests where required.

Monitoring and verifying all incoming and outgoing SWIFT messages within InterVision back office system and tracking the correctness of the messages within interface Maestro system.

Preparing periodic reports to Senior Management and Regulatory related to Middle office and Back office.

Being responsible for the embargo checking; FATF; MASAK control of the transactions which are sent and received from EFT and SWIFT channels. Informing Head of Internal Control and Compliance where incident or suspicious transaction occurs.


Bachelor’ degree of finance or related fields.

Minimum 10 years of experience in the middle and back office (SWIFT and EFT settlement) departments of the Banks.

SWIFT and EFT system project management experience preferred.

Team Management experience preferred.

Having Capital Markets of Board License preferred.

Strong knowledge about treasury products, such as Money Market, FX Spot and Derivatives (Forward,Swaps), Bond investment.

Solid understanding of banking practice and regulations.

Strong analytical skills to quickly assess situations, their impact and options for resolution.
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