Operations Officer, Remittance (6 months)

Recruiter
Bank of Singapore
Location
Singapore
Salary
Competitive
Posted
28 Jul 2017
Closes
31 Jul 2017
Ref
1924322
Sector
Global business services and outsourcing
Contract type
Contract
Hours
Full time
At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

Overview

Primary Role:
  • Ensure timely release of Outward Remittance and Inward Remittance are duly notified to Front Office and credited to clients promptly
  • Provide Nostro balances to dealing desk
  • Liaise with internal and external parties on Remittance issues
  • Ensure reconciled and suspense items are resolved timely
Secondary Role:
  • Propose process improvement within the Team
  • Participate in ad-hoc system testing
  • Prepare management reports
  • Ad hoc task assigned by team manager
Responsibilities

a. Remittance Processing
  • Approve and release remittances and internal transfers in a timely manner
  • Resolve issues and handle queries from internal clients and external counterparties
  • Ensure that procedures, policies and regulations are adhered to
b. Change Management
  • Participate in UAT for system enhancement
  • Identify control gaps and work with manager to review process efficiency and deliver improvements
c. Control
  • Ensure unreconciled and suspense items are resolved timely
  • Ensure end of day tasks are completed


Qualifications
Requirements
  • 5 to 8 years in private bank operations
  • Possess market knowledge in Remittance
  • Tertiary education with a good academic track record
  • Good knowledge of Microsoft Office and SWIFT
  • Fluency in English is essential
  • Clear written & verbal communication skills with all levels of staff
  • Client-oriented mindset
  • Meticulous and good team player
  • Ability to work independently & drive initiatives forward until delivery
  • Ability to work effectively with both Front Office and Support staff, at all levels
  • Organizational skills and ability to work as an integral part of a larger team
  • Versatile approach and the ability to handle a varied portfolio of initiatives and a high workload
  • Ability to work & deliver under time pressure
  • Proactive in identifying any process gaps, providing or suggesting solutions to improve productivity
  • Ability to perform ad-hoc system testing and participate throughout the discussion and implementation of the bank's initiatives

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