Treasury Settlements Officer

Responsibilities

• Check and verify deals entered in the OPICS system by the dealers are correct. To key in customer FX deals in NGS.
• Ensure the source documents and the deal tickets passed from the dealers are properly approved and initialled.
• Update and record daily transactions in fund position management in the u drive.
• Keep outstanding (live) and matured deals and reports in their respective designated files.
• Prepare SWIFT's outgoing messages, confirmations, payments, etc, in respect of these deals or other Departments' requests i.e. expenses payments from Accounting Dept.
• Perform daily Nostro reconciliation.
• Print, thoroughly check and ensure that the assigned reports are correct and highlight irregularities, if any, to Senior Manager, Settlement promptly for further action.
• Check and match counterparty's confirmation.
• Ensure that all cash flow position is clearly monitored and managed in conjunction with the Treasury Division.
• Prepare and submit MAS reports i.e. MAS755 (weekly), MAS610 (monthly) and other reports to Head Office upon requirement.
• Prepare and submit FX new deals, IRS new deals, CCS new deals, FX MTM Transactions, IRS MTM Transactions and CCS MTM Transactions daily to MAS via DTCC through Trace.
• Check the dealer's blotter at the end of the day to ensure all deals are processed and captured in OPICS system.
• Process of opening, creation and maintenance of accounts and support for Internet Banking's customers.
• Lead and participate for any system enhancement/testing/projects related to Settlements / Internet Banking assigned by Section Head, Settlement Operations or Head/Deputy Head of Operations.
• Attend adhoc queries from Head Office, External / Internal auditor, Compliance, Business departments (Trade Finance, Corporate Banking, Treasury, Private Banking, etc.), Nostro Agents or other government authorities if any.
• Mentor and train new hirer (Settlement) for familiarisation of the handling of Treasury Settlements products (FX/MM/NDF/lRS/Securities etc), monitoring of cash flow position, Nostro Accounts balancing etc.
• Ensure all the long past treasury settlement documents are properly filed & record and sent to warehouse (CISCO) for safekeeping.
• Any other duties as directed by Section Head, Settlement Operations or Head/Deputy Head of Operations or Management.

Requirements

• Bachelor or higher qualification, has at least 3 year experience in treasury settlement and clearing process, being familiar with local clearing systems, i.e. MEPS .
• Good understanding and knowledge in various treasury products, e.g. Money Market, Foreign Exchange, Security/Bonds, derivative products, etc.
• Strong understanding and experience in swift operations, able to process remittance transaction.
• With knowledge of accounting entry, AML checking and MAS reporting, i.e. 610, 755, etc.
• With knowledge of corporate customer internet banking.
• Must be meticulous, careful, positive and full of sense of responsibility.
• Mature with good communication skills and must be able to work independently.
• Knowledge of Mandarin is an added advantage to liaise with Mandarin speaking clients.