AVP/VP, Reconciliation Manager, Nostro Reconciliation Unit, Group COO

DBS Bank Limited; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading bank in Singapore is seeking an Ops COO to manage the nostro reconciliation hub. The role involves overseeing daily reconciliations, developing robust procedures, and leading a team to address discrepancies. Ideal candidates should possess significant banking operations experience and strong analytical skills.

Qualifications

• Minimum 8 years of experience in Banking Operations.
• Experience in nostro reconciliation or operations preferred.
• Strong analytical, presentation, and communication skills.

Responsibilities

• Manage day-to-day reconcilations activities and investigate nostro breaks.
• Oversee the daily reconciliation of a high volume of nostro accounts.
• Develop and implement reconciliation policies and procedures.

Skills

Leadership

Data analysis

Presentation skills

People management

Tools

SmartStream TLM

Job description

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 manage the day-to-day reconciliations activities and conduct first level investigation on nostro breaks.

Job Responsibilities\:

• Support the strategic direction of the global nostro reconciliation team, fostering a culture of excellence and continuous improvement.
• Oversee the daily reconciliation of a high volume of nostro accounts across multiple currencies, countries, and banking partners.
• Develop, implement, and maintain robust reconciliation policies, procedures, and controls to ensure compliance with internal and external regulations.
• Lead the investigation and resolution of complex discrepancies, escalating critical issues to senior management as needed.
• Proactively identify and address root causes of reconciliation breaks, leveraging data analysis and process improvement methodologies.
• Champion the implementation and optimization of automated reconciliation solutions, driving efficiency and scalability.
• Develop and monitor key performance indicators (KPIs) to track team performance and identify areas for improvement.
• Manage relationships with key stakeholders, including banks, custodians, and internal business partners.
• Stay abreast of industry best practices, regulatory changes, and emerging technologies impacting nostro account management.
• Develop and manage the team budget, ensuring resources are allocated effectively.
• Mentor and develop team members, providing guidance and support to achieve individual and team goals.

Requirements\:

• A people manager with minimum 8 years of working experience in Banking Operations
• Experience in nostro reconciliation or 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 Unit on reconciliation matters as well as to escalate 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.
• Demonstrate leadership skills and an ability to grow and keep pace with rapid changes in the business.
• Strong people management capability

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