Senior Executive - Operations, Remittance

hlb; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

HL Bank Singapore is seeking a diligent Remittance Operations professional to manage transaction processing, reconciliation and regulatory compliance across multiple payment hubs. You will coordinate with teams and counterparties to ensure accurate processing, robust controls, and timely reporting.

The role emphasizes hands-on testing support, defect management, and post-go-live stabilization to sustain smooth operations in a dynamic banking environment.

Responsibilities

• Initiate and process remittance transactions (e.g., SWIFT, local payments) accurately within timelines.
• Verify completeness and correctness of remittance requests, including account details and documentation.
• Ensure all outward and inward remittance transactions are processed accurately and in compliance with SOPs and guidelines.
• Perform effective dual controls on transactions and raise any discrepancies to the compliance team.
• Reconcile positions with agent banks and internal GL accounts.
• Maintain records of transactions and supporting documents for audit purposes.
• Liaise with internal teams and counterparties to resolve discrepancies and confirm instructions.
• Operate remittance processing systems for data entry, validations and approvals; perform daily reconciliations.
• Identify potential risks or unusual transactions and escalate to risk/compliance.
• Generate and share daily/weekly transaction reports with stakeholders; monitor pending transactions.
• Review business requirements across Payment Hub, v8, and SAA systems; develop test scenarios for end-to-end remittance flows.
• Conduct SIT, UAT, regression, and industry testing; validate outputs against regulatory and ISO20022/MX standards.
• Log, track and retest defects with IT/vendors; assist in writing runbooks and configuring business rules.
• Provide post-go-live hypercare support, manage fallback procedures and system checks.

Job description

Define your future at HL Bank Singapore

Functional (job responsibilities)

• Transaction Processing:
  • Initiate and process remittance transactions (e.g., SWIFT, local payments) accurately and within established timelines.
  • Verify the completeness and correctness of remittance requests, including account details, payment instructions, and documentation.
  • Ensure all transactions (outward and inward) are processed accurately and timely and in compliance with set procedures, controls and guidelines.
  • Ability to perform an effective and accurate dual controls role on transactions
• Transaction Reconciliation:
  • Reconciliation of position with agent banks and internal GL accounts
• Compliance and Documentation:
  • Ensure compliance with Standard Operation Procedures (SOP), sanctions screening and regulatory requirements.
  • Maintain proper records of transactions and related documents for audit purposes.
• Coordination and Communication:
  • Liaise with internal teams and counter-parties to resolve discrepancies in remittance requests.
  • Communicate with stakeholders to confirm instructions or clarify details when necessary.
• System Usage:
  • Utilize remittance processing systems and tools for data entry, validations, and approvals.
  • Perform daily reconciliations of processed transactions against system records.
• Risk Mitigation :
  • Identify and elevate potential risks or unusual transactions to the compliance team.
  • Ensure all transactions meet the organization's risk management policies.
• Reporting :
  • Generate and share daily/weekly transaction reports with relevant stakeholders.
  • Monitor and track pending transactions to ensure timely completion.

Multi-Project & Testing Support

• Requirement Analysis & Test Cases:
  • Review business requirements and functional specifications across Payment Hub, v8, and SAA systems. Develop comprehensive test scenarios covering end-to-end remittance flows and edge cases.
• Pre-Project Testing Execution:
  • Conduct hands-on SIT, UAT, Regression, and Industry Testing. Validate system outputs against expected regulatory and ISO20022/MX messaging standards.
• Defect Management & Runbooks:
  • Log, track, and re-test system defects in collaboration with IT and vendors. Assist in writing operational runbooks and configuring business rules.
• Post-Go-Live Hypercare & Stabilization:
  • Provide high-touch operational support during post-implementation hypercare periods following major project deployments, managing fallback procedures, system patching checks, and operational handovers.

Managerial (team/group responsibilities)

• Manage all stakeholders in relation to BAU matters
• Responsible to ensure all deliverables meet the require standard, accuracy and timeliness

Organizational (organizational responsibilities)

• To carry out any other duties as directed by the Company Management
• Respect HL Bank's culture and play an active role in the communities

About HL Bank Singapore

HL Bank Singapore is the Singapore branch of Hong Leong Bank, a premier regional financial services leader headquartered in Malaysia with a rich heritage of over 120 years. Listed on Bursa Malaysia and a key member of the extensive Hong Leong Group, we operate a robust network of approximately 250 branches across Malaysia, with a strategic regional presence in Singapore, Hong Kong, Vietnam, Cambodia, and China.
As a Full Bank in Singapore, we serve as a vital hub for the Group's regional ambitions. A cornerstone of this strategy is our sophisticated "advisory-first" wealth proposition through HLB Private Bank and HLB Priority . By combining our deep Asian market roots with a landmark strategic alliance with Swiss private bank Lombard Odier, we provide world-class wealth architecture and bespoke solutions for our clients.
Beyond our wealth focus, we deliver excellence through four core business pillars: Business & Corporate Banking, Personal Financial Services, Private Wealth Management, and Global Markets . This "Integrated Approach" allows our talent to collaborate seamlessly across segments, ensuring we effectively meet the multifaceted needs of high-net-worth individuals, business founders, and corporate enterprises alike.
At HL Bank Singapore, our people are central to our success, and as a recognized Human Capital Partner (HCP) by TAFEP, we are committed to progressive workplace practices and your professional development. We seek digitally inclined, customer-centric performers who thrive in a technology-focused environment, where we empower our teams with AI-enhanced tools and next-generation platforms to lead the industry. As part of a large, diversified conglomerate, we offer unrivaled opportunities to explore new grounds and build a challenging career path within a rapidly expanding regional landscape. Join us to be part of a proven value-creation story and shape the future of your own story at HL Bank Singapore.