Officer iv, operations, gwo
2 months ago
Requisition ID: 202450Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose Settlements Operations is a client facing division within Global Wholesale Operations, responsible for ensuring timely and accurate settlement of trade obligations, whilst providing a professional and exemplary customer experience. This role contributes to the overall success of Settlements Operations, with a focus on Treasury support/products, ensuring specific individual goals, plans, and initiatives are executed/delivered in support of the team’s business strategies and objectives. Accountabilities Processing SWIFT payments/receipts, ensuring settlement confirmation are in place. Monitoring WSS MM and WSS FX settlements, ensuring settlements are completed within market cut-off time. Identifying FX trades booked in K2/PEAK (Derivative) for respective transits and preparing payments accurately in GTX (swift platform). Processing Negotiable Certificate of Deposit (NCD) via Austraclear (ASX) and ensuring trade settles before Australia market cut-off time. Providing upcoming settlement email to client for Derivatives settlement, ensuring settlement confirmation is received before settlement date. Liaising with correspondent banks and counterparties to ensure settlements are completed. Managing exceptions. Preparing and posting accounting entries in various bank systems. Investigating settlement discrepancies and TLM nostro breaks on a daily basis. Working directly with Front Office and Middle Offices regarding general enquiries and issues. Working directly with Confirmations utility to ensure settlements are processed in line with confirmation. Working directly with Static team on FSI setup in WSS. Providing funding report to Cash Management team for daily position squaring. Working on the weekly Investigation Log report to Treasury desk. Working on the monthly Third-Party Payment report to Senior Management & AML Compliance team. Performing Call back to counterparties on initial payment. Participating in the system UAT testing or system migration. Notifying Cash Management of any late bookings that may impact funding requirements. Processing/releasing swift messages in the GTX system after ensuring supporting documents are provided. Ensuring swift messages related to payments are approved by authorized signor within their limit and released within the stated cut-off timing. Monitoring swift messages held by Hotscan and following up with Sanctions Screening team to release the swift message. Monitoring incoming swift messages and helping route the messages to the respective stakeholders. Processing swift payments requests received from various teams like Corporate Actions, Finance, HR, etc. Adhering to end of day control checks and reporting. Adhering to procedures and ensuring they remain up to date and relevant. Adhering to the Escalation matrix for Settlements Operations. Additionally, the incumbent is required to: Provide accurate and informative analysis to the management as requested. Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge. Actively pursue effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk. Champion a high-performance environment and contribute to an inclusive work environment. Escalate all matters of irregular nature or concern to the management team. Actively pursue opportunities for process improvements, whilst ensuring compliance with risk and controls. Work collaboratively with colleagues to champion a high performance and inclusive environment. Experience/Other Information Experience with capital markets and derivative products. Strong organizational skills and good time management. Strong judgment skills and ability to make decisions under pressure to eliminate any risk/exposure to the Bank. Good communication skills and ability to escalate to Management/Front Office as deemed necessary. Thorough understanding of settlement conventions and related accounting functions. Understanding of Internal Systems such as WSS MM/FX, PEAK, BM+, Object Charlie. Location(s): Singapore : Singapore : Singapore Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here . Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted. #J-18808-Ljbffr
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Officer iv, operations, gwo
2 months ago
Singapore Scotiabank Full timeTitle: Officer IV, Operations, GWO (12 months contract) Requisition ID: 202450 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Purpose Settlements Operations is a client facing division within Global Wholesale Operations, responsible for ensuring timely and accurate settlement of trade obligations,...
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