Associate/ Senior Associate, Nostro Accounts Reconciliation, Operations COO

300005 Chief Executive's Office_00002555; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial institution in Singapore seeks an Associate/Senior Associate for Nostro Accounts Reconciliation in Operations COO. You'll manage daily reconciliations, improve automation, and engage stakeholders to resolve issues. Ideal candidates will have 3-5 years in banking operations with strong analytical and communication skills, especially in nostro reconciliation. Join a dynamic team to enhance operational efficiency and drive innovation in financial processes.

Qualifications

• Minimum 3-5 years of working experience in Banking Operations.
• Experience in nostro reconciliation or banking operations is highly beneficial.
• Strong written, spoken, and listening skills.

Responsibilities

• Ensure daily Service Level Agreements are met.
• Act as the central point for BAU escalation and inquiries.
• Drive innovation and standardization in processes.

Skills

Understanding of Nostro reconciliation processes

Strong analytical skills

Effective communication skills

Tools

SmartStream TLM system

Job description

Job Description - Associate/ Senior Associate, Nostro Accounts Reconciliation, Operations COO (240000EW)

Job Purpose

Ops COO – NRU unit is the nostro reconciliation hub for DBS group. The unit has two functions:- Nostro account reconciliation & the Business Management Support (BMS) that manages static data, feeds processes and production of daily MIS. The main focus for this role is to assist the team manager on the day-to-day reconciliations activities and conduct first level investigation on nostro breaks.

Job Responsibilities

• To have deep understanding on Nostro reconciliation processes and principles
• Ensure daily Service level Agreements are duly met.
• Act as the central point of BAU escalation and Nostro reconciliation inquiries, ensuringbreaks resolution within reasonable timelines independently.
• To engage stakeholders pro-actively on Nostro reconciliation matters and providesupport whenever required.
• Enhance Nostro reconciliation automation via close collaboration with stakeholders tocreate auto-matching rules
• Drive innovation, re-engineer Nostro reconciliation and investigation processes toachieve process standardization and improvement in controls.
• Participate in new business initiatives discussion, assess and provide Nostroreconciliation requirements, raise risks if any and formulate action plans for resolution.
• Manage the monthly General Ledger Attestation (GLAO) ownership process.
• Handling of ad hoc projects when required

Requirements

• Minimum 3-5 years of working experience in Banking Operations.
• Experience in nostro reconciliation or banking operations, managing SmartStream TLM system or other reconciliation systems will be highly beneficial.
• Ability to collect and analyse information and make recommendations.
• Able to independently engage Support & Business Units on reconciliation matters as well as to elevate and articulate issues and proposed resolutions.
• Essential that written, spoken and listening skills are very strong. Demonstrate effective presentation skills, comfortable with audience of senior level professionals.