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Settlements, Payments and Collateral Technical Officer

General information

Job details


Finance Directorate / Settlements, Payments and Collateral Division

Term of contract

4 years





The Council of Europe Development Bank (CEB) is a multilateral development bank with an exclusively social mandate. Through the provision of financing and technical expertise for projects with a high social impact in its member states, it actively promotes social cohesion and strengthens social integration in Europe. It participates in financing social projects, responds to emergency situations and contributes to improving the living conditions of the most disadvantaged population groups through three sectoral lines of action, namely:

  • Sustainable and inclusive growth
  • Integration of refugees, displaced persons and migrants
  • Climate action: developing adaptation and mitigation measures



The incumbent will report to the Head of Division, within the Finance Directorate. More generally, the incumbent will participate in all the Division’s technical and administrative activities in order to support and improve the whole operation processing cycle and, more particularly, is responsible for the following tasks:


1.   Recording and monitoring loan operations and operations initiated by the Front Office

  • Record loan operations
  • Enter operations completed by the Front Office in the GLOBUS T24 system:
    • treasury operations (MM, REPO, FX)
    • borrowing operations (long-term issues, ECPs)
    • interest-rate and exchange-rate derivative operations (in particular IRS, CIRS)
    • securities operations
  • Process operations in the settlement and delivery systems (SWIFT, CLEARSTREAM, EUROCLEAR)
  • Manage confirmations
  • Manage and reconcile Nostro accounts on a daily basis, transfer funds from account to account according to treasury requirements
  • Monitor and manage flows throughout the whole operation life cycle:
    • update rates, pay interests, monitor changes in SSIs, etc.
    • match the security portfolios with the custodians
    • implement coupon payments, repayments, increases, repurchases, options, limitations on securities.
    • handle capital and interest repayments and update the rates for loans, make early repayments and monitor guarantees
  • Ensure the smooth completion of operations
  • Guarantee the integrity of the base for Back Office operations by carrying out the necessary checks
  • Highlight anomalies, detect discrepancies and take/monitor corrective action
  • Pick up on outstanding issues and take the necessary action to resolve them
  • Deal with and resolve questions/problems linked to incorrect data, queries, errors, etc.

Description (continued)

2Managing collaterals on swaps 

  • Manage margin calls on a daily basis
  • Manage securities switches
  • Monitor and implement interest payments/receipts
  • Add to and modify contract characteristics in TRIRESOLV
  • Check and communicate to the Front Office on the day’s margin calls and on forecast calls 
  • Update monitoring tables

3. Managing real securities 

  • Manage pledged securities (collaterals on loans), both internal and external
  • Manage Dailly and non-Dailly transfers of receivables
  • Update monitoring tables

4. Managing and monitoring documentation

  • Manage the documentation covering interest-rate and exchange-rate derivatives: check confirmations, reconcile forecast flows
  • Collaborate in setting up and updating the legal documentation on the different issuance programmes (MTNs, ECPs), and at each issuance

Description (continued 2)

5. Improving deadlines and optimising procedures

  • Ensure that the deadlines for processing operations are met
  • Securitise procedures for processing operations
  • Participate in drafting and updating procedures and operating methods
  • Participate in developing IT tools aimed at optimising processes and processing methods in accordance with compliance rules and regulatory standards
  • Participate in identifying and resolving issues linked to changes in the regulations and in working procedures

6Maintaining relations with the Bank’s other services

  • In collaboration with the team, ensure reporting to the different services within the Bank
  • In collaboration with the Director, liaise with the other services with regard to putting in place new processes, new financial instruments or introducing functional changes
  • Participate, whenever necessary, in cross-cutting projects that impact on Settlements and Payments activities
  • Participate in maintaining good relations with the Front Office, Risk & Control Directorate, Compliance and Legal Affairs Divisions to ensure the smooth running of operations

More generally, the incumbent will collaborate in any other task that may be requested of him/her within the framework of the Directorate’s activity.




The candidate must have a suitable higher education degree (Master’s degree, Post-graduate studies) in management and finance.

Professional background and technical skills:

  • At least 5 years’ experience in finance (auditing or consultancy firm, middle office or back office). Project experience linked to putting in place/improving processes will be especially appreciated.
  • Excellent knowledge of the Bank’s products from a back office and accounting point of view.
  • Good knowledge of cash and securities payment and clearing systems.
  • Overall familiarity with ISDA/CSA framework agreements and with EMIR, DODD-Frank, and MIFID regulations. Knowledge of the bond market (issues and documentation) would be an asset.

IT skills:

Proficiency in standard office applications. Excellent command of office automation tools (EXCEL including VBA, Word, data bases); familiarity with tools specific to the relevant business areas (e.g. BLOOMBERG) would be an asset.


Language skills:

The minimum requirement is fluency in one of the Bank’s two official languages (English/French) and a basic knowledge in the other.


Core competencies:

  • Innovation
  • Adaptability
  • Client Orientation
  • Result Orientation
  • Team Work
  • Communication

For more information, please consult the CEB Competency Framework


  • Commitment
  • Cooperation
  • Creativity
  • Transparency
  • Professionalism

Nationality: Citizen of one of the Bank’s Member States


Job location

Job location



55, avenue Kléber, 75116 Paris

Applicant criteria

Employment Conditions

1) Contract: the CEB offers an initial 4-year appointment (including a one-year probationary period), with, under certain conditions, the possibility of renewal

2) Grade and salary:
• B5/A2
• Basic Annual Salary: € 56,791.32

For more information, please consult the CEB Basic Salary Scale in section 5. Benefits of the CEB website

As an international organisation, the CEB enjoys a special status which means that our staff members receive their salaries free of income tax. In addition to this, our offer includes allowances* and medical and personal insurance. All of our staff members benefit from a generous contributory pension plan which provides them with either a pension or a leaving allowance.

* Benefits determined by the candidate's personal situation:
• basic family allowance
• expatriation
• dependent child supplement
• one additional monthly dependent child supplement for a single-parent family
• supplement for a disabled and dependent parent subject to certain conditions
• supplements for a disabled or severely disabled child subject to certain conditions
• education allowance (children) for expatriate staff members
• installation allowance and reimbursement of travel and removal expenses subject to certain conditions

Recruitment Conditions

Within the framework of its rules on equal opportunity, the Council of Europe Development Bank strives to ensure the recruitment of suitably qualified and experienced staff without regard to their gender, age, racial or ethnic origin, religion or beliefs, sexual orientation/identity, or disability.

The CEB leads a gender equality policy and obtained an EDGE certification. Qualified female candidates are strongly encouraged to apply.

Deadline for applications: 05 March 2020

Candidates may be required to take examinations, including digital interviews in connection to this selection exercise.