Associate/Analyst, Treasury/Cash Management Operations Specialist, Institutional

DBS Bank Limited; Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

A leading financial services group seeks an Operations Specialist in Singapore. Responsibilities include processing cheque transactions, managing customer inquiries, and ensuring compliance with operational standards. Candidates should hold a Bachelor's degree, have 2-3 years of banking experience, and a strong attention to detail. The role requires working in-office, with a commitment to accuracy and operational efficiency.

Benefits

Competitive salary

Dynamic working environment

Qualifications

• Minimum Bachelor’s degree or relevant working experience preferred.
• Minimum 2-3 years in finance or banking industry, preferably with payment systems knowledge.
• Ability to work in a fast-paced environment with urgent deadlines.

Responsibilities

• Process transactions related to Foreign Cheque Clearing, Demand Drafts, and Cashier Orders.
• Handle inquiries from customers and correspondent banks regarding cheque transactions.
• Timely reporting and escalation of risk incidents and suspicious transactions.

Skills

Cash product knowledge

Attention to detail

Teamwork

Education

Bachelor's degree

Tools

SWIFT/Pacs Payment Messages knowledge

AI-powered tools

Job description

DBS is a leading financial services group in Asia, with over 280 branches across 18 markets. Headquartered and listed in Singapore, DBS has a growing presence in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's capital position, as well as "AA-" and "Aa1" credit ratings, is among the highest in Asia-Pacific. DBS has been recognised for its leadership in the region, having been named “Asia’s Best Bank” by The Banker, a member of the Financial Times group, and “Best Bank in Asia-Pacific” by Global Finance. The bank has also been named “Safest Bank in Asia” by Global Finance for seven consecutive years from 2009 to 2015.

Business Function

Group Operations enables and empowers the bank with an efficient, nimble, and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group Operations, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

As an Operations Department, we embrace and reinforce the strong PRIDE! culture that is built up in DBS. This is done through strategic focus on training and improving staff capability, empowerment, productivity, teamwork, innovation & technology, managing operational risks & strongly collaborating with our business partners in delivering excellent RED service to our customers.

Responsibilities

• Transaction Processing & Authorization: Process and authorize transactions related to Foreign Cheque Clearing, Demand Drafts, and Cashier Orders. This includes but not limited to daily reporting of volumes, reconciliation etc. AI-powered tools may be used for anomaly detection and fraud prevention.
• Customer & Correspondent Bank Inquiry Handling: Handle and respond to inquiries/requests from internal/external customers and correspondent banks regarding cheque transactions. AI-powered chatbots may be used to handle routine inquiries, freeing up time for more complex issues.
• Collaboration & Communication: Collaborate professionally and promptly with business units, support units, and agent/correspondent banks. AI tools may assist in scheduling and coordinating communications.
• Risk Management & Reporting: Timely report and escalate risk events/incidents, suspicious transactions, and potential complaints. AI may be used to enhance the detection of suspicious activity.
• Operational Efficiency: Adhere to high service levels and industry/currency cut-off times. Proactively identify opportunities for process improvement and recommend solutions.
• Compliance & SOP Adherence: Ensure timely updates and proficiency to established Standard Operating Procedures (SOPs) and compliance with all relevant policies, standards, and guidelines.
• System Testing & Enhancement: Participate in system enhancement and/or perform User Acceptance Testing - UAT.
• Process Improvement & Technology Recommendations: Make suggestions for streamlining and enhancing operational procedures and controls, utilizing technology to increase productivity and reduce manpower needs. This includes recommending the replacement of outdated equipment.

Requirements

• Minimum Bachelor’s degree or relevant working experiences with cash products and/or processes knowledge would be preferred.
• Minimum 2 – 3 years of working experiences in finance or banking industry, preferably with knowledge on SWIFT/Pacs Payment Messages (e.g. MT1xxx or Pacs 008) and relevant payment systems, IPE, AMH, FTW, OFP
• Adaptable to work in a fast-pace environment with a sense of urgency to meet various cutoff times and customer’s specific SLA with zero error rate.
• Speed & Accuracy — Role requires processing transactions at high speeds, whilst maintaining vigilance & accuracy over the manual repairs and inputs.
• Zero tolerance for error/ambiguity – role entails posting financial transactions on daily basis; and entails high financial exposure risk.
• Comfortable with variable workload that is dependent on customer payment volumes, not a fixed output per day.
• 100% work-in-office due to nature of the operations
• Teamwork, Dependability, Strong risk & controls mindset and meticulous

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.