Treasury Settlements Officer

NATIONAL BANK OF KUWAIT S.A.K.P.; Santo Niño 1st; On-site; PHP 420,000 - 640,000; Full time

Job summary

National Bank of Kuwait S.A.K.P. in the Philippines seeks a Treasury Settlement Officer to support FX and Money Market activities, ensuring accurate processing and timely settlements in accordance with bank policies.

The role emphasizes operational controls, AML/CFT compliance, account opening, audit confirmations, and reporting to support treasury objectives and daily banking operations.

Responsibilities

• Process FX and Money Market transactions accurately per bank policies and regulatory requirements.
• Manage settlement, confirmation, reconciliation, and related operational processes.
• Perform customer account opening, maintenance, and audit confirmations with proper documentation and compliance.
• Process fund transfers and payment transactions within established service standards.
• Monitor, resolve operational exceptions and settlement discrepancies promptly.
• Maintain AML/CFT compliance and regulatory guidelines in daily operations.
• Maintain proper retention and security of transaction records and documentation.

Job description

Role Overview

The Treasury Settlement Officer supports the Bank’s Treasury business by ensuring the smooth day-today execution and settlement of FX and Money Market (MM) activities, while maintaining efficient operational controls and regulatory compliance. The role is responsible for treasury-related operational processes, including account opening, audit confirmations, fund transfers, regulatory and head office reporting, and providing cross-functional support for loan administration when required. The incumbent plays a key role in ensuring accurate transaction processing, timely reporting and effective operational support to facilitate the Bank’s treasury activities and business objectives.

Key Responsibilities & Accountabilities:

• Ensure the accurate and timely processing of Treasury Foreign Exchange (FX) and Money Market (MM) transactions in accordance with the Bank's policies, procedures, and regulatory requirements.
• Support Treasury business activities by managing settlement, confirmation, reconciliation, and related operational processes.
• Perform customer account opening, maintenance, and audit confirmation activities, ensuring proper documentation and compliance with regulatory requirements.
• Process fund transfers and payment transactions accurately and within established service standards.
• Monitor and resolve operational exceptions, discrepancies, and settlement issues in a timely manner.
• Maintain effective operational controls and ensure compliance with AML/CFT requirements, regulatory guidelines, and internal policies.
• Ensure proper maintenance, security, and retention of transaction records and operational documentation in accordance with statutory and Bank requirements.