Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Ops COO Ops Risk Management - Reconciliation Service Unit (RSU) provides full support to DBS group in the management of Nostro & General ledger accounts reconciliation. The unit has two functions: - Nostro & Clearing account reconciliation & the Business Management Support (BMS) that manages reconciliation system's static data, feeds processes and production of daily escalation reports and MIS aging reports for stakeholders.

The Nostro BMS Associate role is to support the Business Management Support (BMS) team and participate in new business initiatives and projects UAT. Candidate will be playing a critical role in ensuring the accuracy and integrity of our records. Candidate will be responsible for analyzing banking transactions and implementing solutions and process improvements. This role requires a keen attention to details, strong analytical skills, and a deep understanding of banking processes.

Responsibilities

• Manage reconciliation system processes, including but not limited to static data updates, statement data upload and upstream data feeds monitoring
• Reconciliation system auto-match rules analysis, creation, and testing to maintain and exceed automation targets
• Escalate and collaborate with Technology Support on any data exception, errors and abnormal issues identified during daily feeds processing
• Manage and execute Weekly/Monthly MIS reporting to senior management
• Collaborate with stakeholders across different business and countries on recon requirements, match rules creation and account related matters
• Collaborate with technology support to ensure reconciliation system performance and scalability are in-line with business requirements
• Involvement in ad hoc projects and system migrations discussion & testing
• Collate data, analyse for data quality, and impact assessment
• Liaise with Ops users to develop comprehensive User Acceptance Testing (UAT) test plan
• Support in User Acceptance Testing (UAT) and implementation during Live verification
• Manage Reconciliation process to drive for standardization and improvement in controls
• Oversee daily production activities, deputise for the BMS team lead

Requirements

• Degree holder in Finance, Accounting or related fields are welcome to apply
• Minimum 5 years of working experience in Banking Operations
• Understanding of banking operations, including knowledge of Swift Payments Messages(MT103/202/202cov)
• Resourceful and Proactive Team player with good problem solving skills
• Attention to Details with strong sense of risk and controls
• Ability to work in fast-pace enviroment with sense of urgency to meet cutoff times
• Knowledge of Smart Stream TLM system or other reconciliation systems will be an advantage
• Possess Good written and verbal communication skills in English

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

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