HiringCafe
Posted 6d ago

Middle Office Officer

@ EFG International
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Luxembourg, Luxembourg, Luxembourg
OnsiteFull Time
Responsibilities:Process payments, Monitor nostro accounts, Back office support
Requirements Summary:Bachelor's degree; back/middle office experience; regulatory reporting knowledge; banking operations; strong analytical and communication skills; process improvement.
Technical Tools Mentioned:SWIFT, SEPA, MT103, MT202, PACS.008, Regulatory reporting tools
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Job Description

Main Responsibilities

 

Payment Processing and Control

  • Processing SEPA transfers (SCT / SCT Inst) and international SWIFT payments (MT103, MT202, pacs.008)
  • Verifying the compliance of payment instructions: IBAN, BIC, beneficiary data, Verification of Payee (VoP)
  • Detecting and managing suspended payments, rejections, and returns (R-transactions)
  • Monitoring urgent and high-value payments via SEPA orTARGET2 / T2

  • Applying sanctions screening procedures (EU, OFAC lists) within the regulatory execution window

     

 

Nostro Account Management

  • Daily monitoring of liquidity positions on nostro accounts with correspondent banks
  • Reconciling nostro statements with booked transactions (matching MT940 / MT950)
  • Identifying and resolving reconciliation breaks within set deadlines
  • Managing pending items and escalating to correspondent banks in case of discrepancies
  • Optimizing intraday balances in coordination with Treasury

 

Back Office

  • More broadly, the Middle Officer – Payments will be involved on other back office tasks as back up in securities transactions, corporate actions or tax operations.

 

Skills and experience

  • Minimum of a Bachelor's degree, ideally in Banking, Legal, Finance, or a related field.
  • Proven experience in a back/middle office role, preferably facing cash and securities transactions
  • Sound understanding and experience of transactional regulatory reporting, including CDDP, CESOP, Emir Refit and other relevant regulations
  • Background in back-office banking operations with experience in tax-related regulatory matters is preferred
  • Strong analytical skills to identify, analyze, and correct regulatory reporting errors and discrepancies
  • Demonstrated ability to drive process optimization initiatives and implement best practices
  • High level of attention to detail to ensure the accuracy and compliance of regulatory reports and reconciliations
  • Excellent communication skills to collaborate effectively with various teams and stakeholders

 

Our Values

Accountability: Taking ownership for tasks and challenges, as well as seeking continuous improvement

Hands-on: Being proactive to rapidly deliver high-quality results

Passionate: Being committed and striving for excellence

Solution-driven: Focusing on client outcomes and treating clients fairly with a risk-aware mindset

Partnership-oriented: Promoting collaboration and teamwork. Working together with an entrepreneurial spirit