Remittance & Cash Operations (Corporate & FI Banking)

Job Purpose

Responsible for ensuring accurate and timely processing, verification, and authorization of remittance and deposit transactions while maintaining compliance with regulatory requirements and internal operational procedures. The role also supports operational projects, audits, and process improvements.

Key Responsibilities

Remittance and Deposit Operations

1. Process, verify, and authorize inward and outward remittance transactions, including internal transfers.
2. Process and authorize Term Deposit transactions such as placements, rollovers, early withdrawals, blocks, and redemptions.
3. Process inward and outward clearing cheques and incoming IBG transactions.
4. Review daily operational reports including MCB and SWIFT reports.
5. Process and authorize SWIFT messages (MT320) for Term Deposit transactions involving Financial Institutions.
6. Monitor NOSTRO accounts and follow up on outstanding items.
7. Participate in industry testing exercises such as MEPS+, CTS, and G3.
8. Investigate and resolve SWIFT-related queries.
9. Process updates to customers preferential pricing or CASA rates.

Other Responsibilities

1. Participate in User Acceptance Testing (UAT) for system enhancements or new implementations.
2. Conduct self-inspections and monitor pending transactions to ensure timely follow-up.
3. Assist the Team Head or Department Head in improving procedures, workflows, and operational manuals.
4. Respond to enquiries from business and support units.
5. Ensure compliance with regulatory requirements.
6. Escalate operational issues and recommend corrective actions when necessary.
7. Perform other duties assigned by the Team Head or Department Head.

Key Competencies

1. Good understanding of operational risk and compliance.
2. Knowledge of systems such as FCC, Avaloq, SWIFT Alliance, MEPS+, CTS, and IBG.
3. Awareness of Anti-Money Laundering and Counter-Terrorism Financing regulations.
4. Strong communication and interpersonal skills with willingness to learn.
5. Good knowledge of operational procedures and Microsoft Office applications (Word, Excel).

23C1935

R1105492