Remittance Officer

VAM Systems; Sharjah; On-site; AED 67,000 - 134,000; Full time

Job summary

VAM Systems seeks a Remittance Maker for its UAE operations. The role focuses on processing inward and outward remittance transactions, WPS/FTS, and internet banking tasks in line with bank procedures and guidelines. You will back up FTU key activities and contribute to cost control and revenue objectives.

You will ensure timely processing, proper escalation for discrepancies, and daily reconciliation while maintaining exceptional customer service and accuracy.

Qualifications

• Experience in processing inward/outward TTs and WPS/FTS

Responsibilities

• Ensure branch applications are complete and signatures verified
• Process FCY/LCY payments within cutoff times
• Error-free remittance processing including SWIFT messages and EOD reconciliation
• Handle Inward/Outward Inquiries and maintain print-out filing
• Pass FCY to checker for release and ensure Nostro controls

Skills

Remittance processing

SWIFT

Inward/outward payments

Tools

MBASE

Core Banking

Job description

We are currently looking for Maker- Remittance for our UAE operations

Job Purpose:

• To process inward TTs (Including inquiries) outward TTs (Including inquiries) WPS & FTS Internet Banking in accordance with applicable procedure service standards & operating guidelines established by the bank.
• Work as a back-up Maker staff for FTU Key activities.
• To achieve cost reduction objective for the department & help revenue generation to the bank.
• To build customer loyalty by providing them an exceptional service.

Responsibilities and Accountabilities: Remittance Maker

• Ensure that the applications received from the branches are in order to check if signature verified call back done original or fax indemnity mentioned and application is dated.
• To ensure that all the FCY/LCY payments are processed within the cutoff time.
• Ensure all the (AED) payments in remittance department are covered thru central bank payment system within cut off time.
• To ensure that all the applications which have discrepancies to be informed to the concerned Branch/RMs on the same day.
• Ensure that all high value foreign currency transactions processed by remittance dept. are covered by the Treasury dept. for proper control of Nostro accounts.
• Ensure that all the swift messages which were processed are acknowledged and daily EOD reconciliation is performed.
• Filing of all applications and reports.
• Handling Inward/Outward Inquiries.
• Ensure that all the outstanding transactions in the queue (FTS / Poison / Modification and Business Check) are attended.
• Ensure standing orders are processed on the due date.
• To Process previous days outstanding payments in CCN Report.
• WPS Funding for the day and Funding Reversal for previous day (Saturday)
• Check SWIFT RMA queue for New / Revoke RMA requests / inquiries ( inwards & outwards )
• Segregation of Print outs and Collect the prints from the SWIFT printer.
• Ensure to pass FCY to checker to check & release cover.
• Ensure STP Inwards available in Mbase /payment safe.
• Ensure Non STP FCY inwards to be processed once the cover is received.
• Processes all payments which we received within the cut of time from our vosrto /FTS /FCY with same value date.
• Check IF messages received for E078 2C2 203 & 192 and act accordingly
• Print Remittance and IPU Collection accounts and ensure EOD balance is Zero (End of Day)
• Monitor Failed IPI Payments and act accordingly.
• Ensure to Check inwards inquiries from FTS/SWIFT.
• Perform Daily Reconciliation of Inward CB UAEFTS and SWIFT Payments against MBASE Transactions and Outward FTS/ SWIFT (duplication) payments.
• Perform any other duties or responsibilities consistent with the employee Role and assigned by the management
• Work as a back -up Maker staff for FTU unit Key transactions.

Joining time frame: 2 weeks (maximum 1 month)

Remote Work :

No

Employment Type :

Full-time