PLEASE NOTE - This is a office based Monday to Friday 5 days per week
Principal Purpose of the Job:
Process payments/clearing, and queries related to clearing business, assist with reconciliations and settlements of treasury and loan business.
Main Responsibilities & Accountabilities:
Process all correspondence payment instructions received from both internal and external clients of the Bank including agent banks in SCMS.
Apply sound knowledge of Faster Payment, CHAPS, SWIFT MT format messages and ISO20022 SWIFT XML format messages when processing payment instruction in SCMS and FOVA.
Investigate correspondence payment queries and provide response succinctly and promptly.
Actively monitor outstanding payment items and follow up with FCP Compliance Team on outstanding investigation. Engage and liaise with Nostro and Vostro Agent to address and resolve outstanding issues.
Perform Vostro accounts opening and closing in system.
Communicate with Head Office on any system upgrading and assist with improvement of new operation process.
Input accounting journal entries including interest, fees and charges in FOVA.
Maintain and report daily Nostro positions to Funds Position Keeper.
Preparation of monthly and quarterly reports to Head Office, Agent banks and Management as well as ad-hoc reports.
Maintenance of system parameter and static data and keep / file up to date records.
Other Tasks:
Provide cover for other staff members in the Treasury Settlement, Loan and Reconciliation teams as and when required.
Remain vigilant regarding AML rules and procedures during routine working; all the CDD and AML checking in trade services and other product lines as required by the Bank's policy.
Keep all AML check evidence for audit trail purpose. Must report / escalate to MLRO for potential positive hit or suspicious transaction in accordance with the Bank's AML policy.
Conduct daily basic CASS review operation in accordance with established "policies'
For more details and information regarding this role, please speak to Michelle Ings, Exectec Solutions, part of the HRGO group London office on 01708 220023
