Assistant Manager - Banknotes (Filipino National)

Lulu International Exchange LLC; Manila; On-site; PHP 1,200,000 - 1,800,000; Full time

Job summary

Lulu International Exchange LLC in the Philippines seeks an experienced professional to lead banknote operations, ensuring timely currency movement, inventory control, profitability, and full regulatory compliance. The role collaborates with Dealing, CPC branches, and external counterparties, providing day-to-day guidance and technical support to the Banknotes team.

Training will cover end-to-end Banknotes operations for operational readiness.

Qualifications

• 5+ years of experience in banknote operations or treasury/cash operations.
• Supervisory or team-lead experience preferred.
• Experience with AML/CFT and regulatory compliance.

Responsibilities

• Manage currency supply and inventory across vaults and locations.
• Coordinate currency buy/sell requirements with Dealing Department and ensure timely availability.
• Record and reconcile banknote dealings in approved systems and maintain customer/transaction records.
• Maintain counterfeit detection controls and loss-prevention measures.
• Oversee import/export currency movements with overseas counterparties and logistics teams.

Skills

Banknote operations

Currency dealing

Cash operations

Compliance awareness

Tools

Dealing systems

Job description

The role is responsible for the management of banknote operations ensuring the timely availability and movement of currencies effective cash and inventory control profitable dealing accurate reconciliation high service standards and full regulatory compliance The role holder coordinates closely with Dealing CPC branches and external counterparties and provides day-to-day guidance and technical support to the Banknotes team The role holder will complete structured training and gain comprehensive hands-on exposure to the Company s Banknotes operations to ensure full operational and technical readiness strong Please Note The permanent location for this role is the Philippines Upon joining training for the first year will be in Dubai UAE strong

Job Responsibilities

Currency supply and inventory managementCoordinate with the Dealing Department on currency buy sell requirements and ensure the timely availability of currencies for branch and wholesale requirements Monitor banknote stock levels across the CPC vault and relevant locations and initiate timely replenishment or movement of currencies Support branch operations as an operational backup and resolve currency availability denomination and banknote quality requirements Maintain clear visibility of stock positions ageing movement requirements and operational risks and provide accurate management updates Banknote dealing and profitabilityQuote competitive buying and selling rates within approved limits while protecting margins profitability and customer satisfaction Execute and record banknote deals accurately in the approved dealing systems and maintain complete customer and transaction records Monitor market developments communicate relevant information to the team and customers and support timely rate and hedging decisions Develop and maintain wholesale customer and counterparty relationships and support the achievement of approved business targets Import export and shipment operationsCoordinate end-to-end import and export currency movements with Dealing overseas counterparties logistics providers and internal teams Ensure dispatch receipt verification and acknowledgement of currency shipments are completed accurately and within agreed timelines Maintain complete shipment customs insurance and supporting documentation in accordance with approved procedures and regulatory requirements Track pending movements resolve operational exceptions promptly and elevate delays or control concerns to the Head of Banknotes Cash control reconciliation and counterfeit managementOversee vault activities cash handling and shift controls to safeguard physical currency and maintain proper segregation of duties Ensure daily stock checks customer ledger controls and day-end reconciliation of outstanding deals currency positions and cash balances Apply robust counterfeit detection note-quality verification and loss-prevention controls and ensure exceptions are reported and investigated promptly Review discrepancies unresolved entries and operational losses and drive timely corrective and preventive action Compliance and risk governanceEnsure Banknotes activities comply with applicable AML CFT KYC sanctions regulatory import export insurance and Company requirements Maintain complete and accurate customer due diligence deal shipment and operational records for audit and regulatory review Support Central Bank and other audits respond to information requests and ensure agreed corrective actions are completed within timelines Identify control gaps and operational risks elevate material concerns and support effective change control and Process improvement Team capability and operational serviceProvide day-to-day direction technical guidance coaching and performance support to the Banknotes team Ensure reliable and professional service to branches internal stakeholders customers and counterparties with timely resolution of queries and requests Complete the structured training plan including practical exposure to dealing cash accounting counterfeit detection shipments documentation systems and compliance controls Apply and transfer the knowledge gained through training to support operational readiness capability building and consistent Banknotes operations

5+ years of relevant experience in banknote operations, foreign currency dealing, treasury, cash operations or the exchange/financial services industry. Prior branch operations exposure and supervisory or team-lead experience are preferred.