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Treasury Settlement and Payment Operations Head

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Treasury Settlement and Payment Operations Head

  • Location:


  • Sector:

    LMA Asia Finance

  • Job type:


  • Salary:


  • Contact:

    Hiong Hao Yi

  • Job ref:


  • Published:

    26 days ago

  • Expiry date:


  • Client:


Treasury Settlement and Payment Operations Head

Job Purpose:
To lead and manage a team to perform settlement for treasury transactions, remittance, cheque and GIRO.

Job Responsibilities:

  • Responsible for settlement of treasury transaction, remittance, cheque, GIRO and smooth running of daily operations.
  • Ensure all treasury settlements, remittance, cheque and GIRO transactions are in line with internal procedures and are complied with regulatory requirements.
  • Prepare, update and perform periodic review on procedure manual.
  • To coach and guide the team on processes when new products are launched.
  • To ensure the team is aware of the regulatory changes that affect treasury settlement, remittance, cheque and GIRO transaction.
  • To monitor credit limit, MTM and escalate accordingly when there are breaches.
  • To ensure AML is performed on all payment transaction and escalate to Compliance where necessary.
  • To drive UAT for system enhancement and initiate change request for system enhancement, new product and new regulatory requirements.
  • To work with T&M, RMs and relevant stakeholders to establish workflows for new product launching and/or new regulatory requirements.
  • To work with relevant stakeholders to resolve IT related issues affecting treasury transactions, remittance, cheque and GIRO.
  • Implement and comply with anti-money laundering policies and relevant procedures.
  • Provide management oversight and develop / maintain a strong compliance culture regarding regulatory and compliance matters as well as anti-money laundering / counter terrorist financing control activities.

Job Requirements:

  • Minimum 10 years of relevant settlement experience (at least 5 years at supervisory level) with background in a medium size financial institution with hands on exposure in products such as FX, MM, Structured products, Fixed Income, Derivatives Market transactions, remittance, cheque, GIRO and a broad overview of the whole settlement process.
  • Familiar with treasury products, FX, MM, REPO/REVERSE REPO, MEPS+ system, Fixed Income, Financial Futures, IRS, FXO, FX NDF, Derivatives, structured products and SWIFT messages.