Avp/vp, Reconciliation Manager, Nostro Reconciliation Unit, Group Coo
5 days ago
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.
**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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Singapore DBS Bank Full timeBusiness FunctionOps 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...
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Singapore DBS Bank Full timeJob 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...
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