Treasury Settlement Specialist
1 week ago
Tangspac is a leading financial institution with a strong commitment to providing exceptional services to its customers.
Job Title: Treasury Settlement SpecialistSalary:$80,000 - $110,000 per year
Job Description:As a Treasury Settlement Specialist at Tangspac, you will play a crucial role in ensuring the smooth operation of our treasury settlement processes. Your primary responsibility will be to verify and validate deals entered into our OPICS system, as well as key in customer FX deals in NGS.
You will also be responsible for ensuring that source documents and deal tickets are properly approved and initialled, updating and recording daily transactions in fund position management, and maintaining accurate records of outstanding and matured deals and reports.
In addition, you will prepare SWIFT's outgoing messages, confirmations, payments, and other Departmental requests, perform daily Nostro reconciliation, and print and thoroughly check assigned reports to ensure accuracy.
You will also be responsible for checking and matching counterparty confirmations, monitoring cash flow positions in conjunction with the Treasury Division, and preparing and submitting MAS reports as required.
Furthermore, you will process new deals, MTM transactions, and other reports daily via DTCC through Trace, and check dealers' blotters to ensure all deals are processed and captured in OPICS system.
You will also be responsible for opening, creation, and maintenance of accounts, supporting Internet Banking customers, and participating in system enhancement/testing/projects related to Settlements / Internet Banking.
Additionally, you will attend ad-hoc queries from Head Office, External/Internal auditor, Compliance, Business departments, Nostro Agents, or government authorities, mentor and train new hires, and ensure long past treasury settlement documents are properly filed and recorded.
The ideal candidate will possess a Bachelor's degree or higher, with at least 3 years of experience in treasury settlement and clearing processes, being familiar with local clearing systems such as MEPS+.
You should have a good understanding and knowledge of various treasury products, such as Money Market, Foreign Exchange, Security/Bonds, derivative products, etc., as well as strong understanding and experience in Swift operations, able to process remittance transactions.
Able to work independently, meticulously, carefully, positively, and with a sense of responsibility, you should also possess mature communication skills and good knowledge of Mandarin language as an added advantage for liaison with Mandarin speaking clients.
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