Job Description

Overview

This position is responsible for performing activities relating to the timely processing of all operational (back office) tasks, such as inter-bank deposit, money market and foreign exchange deals and payments, inward / outward remittances, processing of derivatives, BDNs, T-Bills, Repo/Reverse Repos. This position is also responsible for the review, verification and approval of others work in a variety of applications. This position may also provide certain degree of supervisions and guidance to others.

Responsibilities

SWIFT/MONTRAN

• Prepare or verify details or approve transactions in Montran and SWIFT.
• Perform all operational activities relating to customer deposits and loans.
• Monitor daily maturities of deposits and loans.
• Coordinate with Credit Administration and Treasury to balance customer\xe2\x80\x99s daily transactions to ensure sufficient funds are available.

FOX/OBS

• Verify details and confirm transaction details related to inter-bank transactions in FOX and OBS.
• Monitors the daily cash reconciliation between Treasury and the G/L in order to rectify immediately any outstanding item(s).
• Perform all operational activities relating to inter-bank foreign exchange, derivatives and money market contracts (including monitoring of maturities).
• Process BDN\xe2\x80\x99s, T.Bills, and Reverse Repos
• Process/verify new swaps, rate setting and interest settlements of existing swaps.

PROFILE

• Perform all operational activities relating to daily entries and month end rate entries
• Responsible for the CED (Capital Equivalent Deposit) rate process.
• Process all NMFI debit and credit transactions and daily cheque clearing in PROFILE \xe2\x80\x93 answer queries requested by compliance.

COMFORT

• Update COMFORT with bank-to-bank deal confirmation related to foreign exchange and money market deals.

OTHERS

• Responsible for the DTCC reporting process.
• Checks and verifies monthly settlements of brokerage fees.
• Balance daily cash position and tally Nostro balances to the bank accounts
• Checks the daily rate upload.
• Acts as back-up in the absence of the other team members.
• Monitor outstanding Treasury Bills
• Responsible for the Broker Commission reconciliations and payments.
• Ensure full compliance with all the Bank\xe2\x80\x99s policies and procedures, including Anti-Money laundering policies, and the requirements of the relevant regulatory bodies as communicated by SMBCC\xe2\x80\x99s Compliance Department.
• Perform other tasks as required.

This position is also responsible for the following:

• Responsible for the cross training of staff to maintain continuity with the team when needed.
• Responsible for assisting VP to process all operational activities for the department.
• Responsible for assisting VP in writing policies and procedures for the Operations Dept.

Qualifications

JOB SPECIFICATIONS:

Knowledge & Experience:
Undergraduate degree in any discipline.
Experienced in banking payment systems, derivatives, foreign exchange and
money markets, preferably with accounting knowledge.
5 \xe2\x80\x93 7 years of back-office (operations) banking experience with
exposure to money market, foreign exchange, derivatives, trade
finance and/or commercial loans

Skills:
Excellent time management with the ability to multitask, prioritize workflows
and meet deadlines.
Advanced skill in the use of Microsoft Word, Excel, PowerPoint, Outlook, etc.
Motivated and action-oriented, adaptable to changes.
Good oral and written communication skills.
Good understanding of Canadian Payments Association Rules, Sound
knowledge of derivatives, financial instruments.

Computer Applications:
SWIFT, Montran, FOX, OBS, Profile, Microsoft Office

Working conditions:
\xe2\x9c\x93 Equipment Operation \xe2\x80\x93 80% PC, 10% calculator/copier/fax, 10% phone
\xe2\x9c\x93 Time pressure/deadlines -- Considerable
\xe2\x9c\x93 Stress of multiple demands -- Considerable
\xe2\x9c\x93 Attention to details -- Extreme
\xe2\x9c\x93 Environment -- Open office / Hybrid Work Model
\xe2\x9c\x93 Other \xe2\x80\x93 Occasional availability for weekday evenings and weekend on-call schedules required to support critical operations.

This job description is not designed to cover or contain an all-inclusive list of duties and
responsibilities that are required of the position. Duties and responsibilities may change as SMBCCB deems necessary, including other duties and responsibilities assigned at any time with or without notice.

Sumitomo Mitsui Banking Corporation