Streamline the workforce of the remittance section in order to provide a more efficient and equitable distribution of work.- Checks and examines all transactions/reports of the section as to form, accuracy and completeness of the requirements and compliance to existing internal and external policies and approves them accordingly.
Releases all foreign inward and outward telegraphic transfers, in dollar or third currencies, intended for foreign banks abroad via SWIFT
- Releases all peso and foreign exchange denominated transfers to and from local banks via PesoNet/PDDTS
Releases the necessary entries and encodes the same in T24/FMS- Checks the details and supporting documents if compliant with the updated process and procedure manual for remittance.
Forwards the approved PAF to SWIFT section for encoding and transmittal to foreign banks abroad
- Tallies with SWIFT section the number of telegraphic transfer transactions for the day
Reconciles all entries pertaining to outward and inward remittances against the Statement of Account of our foreign correspondent bank- Monitors regularly the performance of the remittance section versus plans and standard, analyze deviations, pinpoints areas for improvement and direct appropriate courses of action to ensure prompt and proper solution
Coordinates with other units/departments/divisions/branches of the bank regarding new policies, rules or regulations, schedules of charges for implementation pertinent to global telegraphic transfer and Swift
- Checks and verifies the amounts credited in nostro accounts against the remittance copies received from the SWIFT section.
Performs the AMLA and Sanctions screening via Base60 watch list- Performs transactional due diligence of incoming transactions based on the approved threshold.
Verifies and sends conversion report to Treasury
- Performs feedback of all transactions received within the cut-off from Philpass, Pesonet and PDDTS
Performs EOD and callback activities for all the transactions processed at EOD- Responsible in forwarding MT103 to SWIFT unit for Feedback.
Sends email to branches for transactional Due Diligence and additional information/documents.
Bachelor's degree in any business-related courses
- At least 1 to 3 years of experience in banking operations, particularly in Remittance Operations.
Rank: Junior Assistant Manager
Job Type: Full-time
Schedule:
Experience:
Remittance Operations: 1 year (Preferred)
