Our client is an International MNC Bank.
Responsibilities:
- Deal Verification: Ensure accuracy of deals entered in the OPICS system by dealers and input customer FX deals in NGS.
- Document Approval: Confirm that source documents and deal tickets from dealers are properly approved and initialed.
- Transaction Recording: Update and log daily transactions in fund position management files.
- File Management: Organize and maintain files for live and matured deals and reports.
- Message and Payment Preparation: Prepare SWIFT outgoing messages, confirmations, payments, and handle other departmental requests.
- Nostro Reconciliation: Perform daily reconciliation of Nostro accounts.
- Report Checking: Print, thoroughly review, and ensure the accuracy of assigned reports; promptly highlight any irregularities to the Senior Manager, Settlement.
- Confirmation Matching: Check and match counterparty confirmations.
- Cash Flow Monitoring: Collaborate with the Treasury Division to monitor and manage cash flow positions.
- Regulatory Reporting: Prepare and submit required reports, including MAS755 (weekly) and MAS610 (monthly), and other reports to Head Office.
- Daily Deal Submission: Submit FX new deals, IRS new deals, CCS new deals, and daily transactions to MAS via DTCC through Trace.
- End-of-Day Checks: Verify that all deals are processed and captured in the OPICS system at the end of the day.
- Account Management: Assist with the opening, creation, and maintenance of accounts and provide support for internet banking customers.
- System Enhancements: Lead or participate in system enhancement projects and testing related to Settlements or Internet Banking.
- Query Handling: Address ad hoc queries from Head Office, auditors, compliance, business departments, Nostro agents, and government authorities.
- Mentorship: Train new hires in handling Treasury Settlements products, monitoring cash flow, and balancing Nostro accounts.
- Document Filing: Properly file and archive long-term treasury settlement documents for safekeeping.
- Additional Duties: Undertake other tasks as directed by the Section Head, Settlement Operations, or Head/Deputy Head of Operations.
Requirements:
- Education: Bachelor’s degree or higher qualification.
- Experience: At least 3 years of experience in treasury settlement and clearing processes, with familiarity in local clearing systems such as MEPS+.
- Product Knowledge: Strong understanding of various treasury products, including Money Market, Foreign Exchange, Securities/Bonds, and derivatives.
- Operational Skills: Proficient in SWIFT operations and capable of processing remittance transactions.
- Regulatory Knowledge: Familiar with accounting entries, AML checking, and MAS reporting (e.g., 610, 755).
- Banking Systems: Knowledgeable about corporate internet banking.
- Personal Attributes: Meticulous, careful, responsible, mature, with excellent communication skills and the ability to work independently.
- Language Skills: Knowledge of Mandarin is an added advantage for liaising with Mandarin-speaking clients.
