UAE Remittance Operations Specialist

VAM Systems; Dubai; On-site; AED 120,000 - 180,000; Full time

Job summary

VAM Systems in the UAE seeks a Maker- Remittance to process inward/outward TTs, WPS/FTS, and Internet Banking operations in line with bank procedures. The role involves ensuring cutoff times, handling inquiries, and supporting FTU activities for cost control and customer service excellence.

The candidate will perform daily reconciliations, pass FCY to checkers, manage SWIFT/RMA queues, and maintain thorough documentation. Remote work is not offered; full-time on-site position in Dubai.

Responsibilities

• 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 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.

Job description

VAM Systems in the UAE seeks a Maker- Remittance to process inward/outward TTs, WPS/FTS, and Internet Banking operations in line with bank procedures. The role involves ensuring cutoff times, handling inquiries, and supporting FTU activities for cost control and customer service excellence.

The candidate will perform daily reconciliations, pass FCY to checkers, manage SWIFT/RMA queues, and maintain thorough documentation. Remote work is not offered; full-time on-site position in Dubai.