Clearing Settlement Administrator
City based International Bank
Salary TBC
To be considered for this position, candidates MUST speak Mandarin
Full time, office based role – no hybrid working on offer
Principal Purpose of the Job:
Process payments/clearing, and queries related to clearing business, assist with reconciliations and settlements of treasury and loan business.
Main Responsibilities & Accountabilities:
* Process all correspondence payment instructions received from both internal and external clients of the Bank including agent banks
* Apply sound knowledge of Faster Payment, CHAPS, SWIFT MT format messages and ISO20022 SWIFT XML format messages when processing payment instructions
* Investigate correspondence payment queries and provide response succinctly and promptly.
* Actively monitor outstanding payment items and follow up with FCP Compliance Team on outstanding investigation. Engage and liaise with Nostro and Vostro Agent to address and resolve outstanding issues.
* Perform Vostro accounts opening and closing in system.
* Communicate with Head Office on any system upgrading and assist with improvement of new operation process.
* Input accounting journal entries including interest, fees and charges in FOVA.
* Maintain and report daily Nostro positions to Funds Position Keeper.
* Preparation of monthly and quarterly reports to Head Office, Agent banks and Management as well as ad-hoc reports.
* Maintenance of system parameter and static data and keep / file up to date records.