Settlements Manager

11 Mar 2017
10 Apr 2017
Contract Type
Full Time

A new opportunity has become available at an International Bank for the Settlements Manager.

Duties include:

  • Manage and supervise the Settlements Department, achieving targeted levels of processing volumes; ensuring all operations including Foreign Trade / Export Finance Trade operations are delivered in a timely, efficient and cost effective manner
  • Maintain and manage department's performance monitoring, staff training and development programme to minimise operational risks
  • Ensure the department strictly adheres to and operates within regulations governed by the Bank's Policies and Procedures
  • Ensure consistency in processes, controls and standards for each of the trade operations, identifying the areas of work to eliminate all possible risks to bank and its customers by reviewing and maintaining the departments Policies and Procedures in accordance with the Bank's governance and controls
  • Support the Treasury, FI and Corporate relationship team to provide efficient and prompt services to the bank's customers in order to increase volume of business and income, while safeguarding its customers against fraud and money laundering transactions
  • Develop and maintain high professional approach and relations with correspondent banks to ensure maximum co-operation in problem resolution or responses to inquiries
  • Review and maintain the department's systems requirements
  • Monitor all payments - including verification, authorisation and to release SWIFT messages
  • Prepare month-end internal management reports/information
  • Provide timely and accurate information to both internal and external auditors
  • Support business development in relation to matters concerning Settlements department
  • Review and ensure all investigations and handled and resolved to any outstanding items on Nostro accounts in a timely and accurate manner

The candidate will have:

  • Good understanding of MM, FX, Fixed Income securities
  • Participation in commercial lending, including secondary market
  • Invoice financing
  • Import/Export letters of credit - advising, confirmation, negotiation
  • Forfaiting/bills discounting
  • Multi-currency payment service to support the bank and corporate customers
  • Maintaining current/deposit accounts for corporate customers