Outward Remittances Officer  

About the Role:

As an Operations Officer you will be responsible for the proper, timely and efficient execution of outgoing remittances in accordance with internal policies and procedures as well as external (BSP/AML) rules and regulations.

How you will contribute:

• Receive and check scanned Telegraphic Transfer Application Form (TTAF) and encode details of the application, i.e. ref. no., remitter, amount and nostro bank in the Registry system.

• Obtain reference number generated by the Remittances Reporting System for each TTAF and email the concerned branches to acknowledge receipt.

• Check and ensure the propriety, completeness and accuracy of information indicated in the TTAF i.e. signature of client/s are verified; approved by the branch officer/s, details of the payment order and that Sanction screening vs. Base 60 is done.

• Monitor and process the application received via Digibanker and ensure completeness of details/information as well as do sanction screening vs. Base60 AML system.

• Submit, download, print the TTAF received via Digibanker and perform the RIM/PIM Option in the Clean Payment system.

• Review via the ROP option or authorize via AOC transactions (reviewed transactions cannot be authorized by the same person) the details of the TTAF and other supporting documents in the Remittance system.

• Assign Nostro Bank for each TTAF received using the following guidelines: a) Good and efficient customer service b) Ancillary business given to the Bank.

• Use the following external systems: eCs, Peso Net and Philpass in encoding TTAF applications for USD local transfers, End-of -day peso transactions and Real time peso settlements respectively.

• Check computation of remittance amount and charges for third currency transactions.

• Initiate and implement productivity improvement plans within the section by collaborating with officers and staff of the department and /or other Units within the group or other Departments to enhance efficiency of delivery of services to customers and reduction of operating costs

• With less than 3 years of experience
• Bchelor's Degree in Business Studies/Administration/Management, Commerce, Economics, Finance/Accountancy/Banking
• Basic knowledge of outward remittances/payments transactions.
• Computer literate.
• Able to communicate effectively with all levels of the organization and external parties; keen to details