MGR, Outward Remittance Officer, Cash Mgt Ops

United Overseas Bank; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

A leading bank in Asia is seeking an Outward Remittance Officer to perform approval functions on telegraphic transfers and ensure compliance with internal procedures and regulatory laws. The ideal candidate should hold a degree in Business, Finance, or Economics and have at least 3 years of experience in cash management operations. Strong communication skills in English and proficiency in Microsoft Office are essential. Join the UOB family and make a difference in the banking industry.

Qualifications

• Minimum 3 years of experience in Cash Management Operations.
• Knowledge in processing Outward Foreign Telegraphic Transfer and SWIFT message formatting.
• Proficiency in written and spoken English is advantageous.

Responsibilities

• Perform approval function on Outward Telegraphic Transfer payments.
• Manage transaction reconciliation and escalate issues as needed.
• Ensure compliance with all relevant internal procedures and regulations.

Skills

Team player with good interpersonal skills

Ability to handle volume with accuracy and speed

Good written and oral communication skills in English

Education

Degree in Business/Finance/Economics

Tools

Microsoft Office (Excel, Word, PowerPoint)

Job description

MGR, Outward Remittance Officer, Cash Mgt Ops

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values - Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

1. Perform approval function on Outward Telegraphic Transfer ("OTT") payment and its corresponding entries in the relevant system i.e REM, RBK, AMH, etc.

2. Make assessment on the purpose of payment in "OTT" to ensure it is in line with BNM Foreign Exchange Policy (FEP).

3. Manage transaction reconciliation and raise escalation to the Team Lead or Unit Head on timely manner, for any outage and abnormalities.

4. Perform transaction screening in Fircosoft system ("FMF") as part of adherence to Group UOB and BNM AML Guidelines. Make an informed decision based on assessment i.e False hit or true positive hits.

5. Perform payment verification based and confirmation to customers and business partners either via phone calls or emails, where required.

6. Ensure timely completion of assignment within the Service Level Agreement ("SLA") whilst maintaining high accuracy and speed.

7. Collaboration with stakeholders as part of process review and improvement. Participation in Project discussion, system verification and User Acceptance Testing "UAT" maybe required in due course.

8. Ensure compliance with all relevant internal procedures and Regulatory laws. This includes a timely completion of mandatory learnings assigned by the organization.

Requirements

Qualification and experience:

• Degree holder in Business/Finance/Economics.
• Minimum 3 years working experience in Cash Management Operations area with vast experience and knowledge in processing Outward Foreign Telegraphic Transfer and SWIFT message formatting.
• Ability to handle volume with accuracy and speed.
• Team player with a good interpersonal skill.
• Good in both written and oral communication skills where proficiency in English is an advantage.

Preferred:

• Experienced checker/approver in payment processing with any Financial Institution.
• Strong knowledge in Microsoft Office applications i.e Excel, Words, Power Point.
• Good understanding on BNM policies i.e Foreign Exchange Policy, ESS Guidelines and AML/CFT Guidelines.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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