Remittance & Settlement - Assistant Manager / Senior Officer

Cathay Bank

Hong Kong
Permanent
Full-time

4 days ago

Founded in 1962 and headquartered in Los Angeles, Cathay Bank is the oldest Chinese bank in the United States. In 1985, the Bank established its first overseas representative office in Hong Kong, providing a direct communication link with its customers in Asia. In 2007, the representative office was converted into a full service branch, offering a wide range of corporate banking financial services to its customers and developing new business from customers who have ties in Hong Kong and China. Nowadays, there are 3 more representative offices established in Taipei, Shanghai and Beijing respectively.GENERAL SUMMARYResponsible for handling daily remittance and settlement operations, perform account reconciliations, support system enhancements, ensure compliance with regulatory standards, and prepare reports for internal, external, and regulatory stakeholders.ESSENTIAL FUNCTIONS

Remittances
Processing domestic and international transfers (e.g., T/T and / or RTGS / CHATS), ensuring compliance with regulatory and internal policies.
Ensure adherence to anti-money laundering (AML) procedures, prepare reports for internal and external parties, and manage general ledger (GL) reconciliations.
Other related duties assigned as needed.

Treasury Settlement
Input Treasury’s deals (e.g., FX & MM) in core-banking system EQUATION.
Processing daily settlement activities including confirmation matching, fund transfers and execution of relevant swift message (e.g., MT300 / MT 320 / MT202 / pacs. 009)
Preparation of reports for internal, external and regulator (such as HKTR – upload reportable trades to TR, upload valuation files to TR, download & review reports from TR portal).

Projects
Co-ordinate with other teams such as IT in performing UAT such as core-banking system upgrade; annual drill tests ; risk OR-2 test, etc.
Assist Team Head in handling external projects (organized by HKICL, HKMA, HKAB).
Backing up other Operations Teams to maintain continuity, such as processing of inward and outward clearing cheque, client’s fund transfer and deposit, etc. Other duties as assigned by supervisor.

QUALIFICATIONSEducation:

Form 5 or above, Diploma holder is preferable

Experience:

At least 8 years of experience in banking field that is related to remittance & treasury settlement

Education:

PC proficiency (MS Excel and Word).
Good verbal and written communication skills. Bilingual (English/Mandarin or Cantonese) a plus.
Sound knowledge in Remittance Business include usage in SWIFT Alliance, RTGS/CHATS in ISO20022 MX wire formats.
Solid knowledge in payment execution and monitoring transactions with Anti-Money Laundering matters.
Good organization skills, detail-mindedness, self-motivation and ability to work under pressure independently.

Position Level:

Depending on the candidate’s experience and qualifications, the position offered may be Assistant Manager or Senior Officer.

Attractive remuneration package will be offered to the right candidate. Interested parties please send full resume with current & expected salary by clicking “Apply Now”.All personal data collected will be kept in strict confidence and be used for employment related purpose only.Please visit us at www.cathaybank.com for more information about our Bank.

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