Senior Executive, FX

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices. Our history spans more than 80 years. Over this time, we have been guided by our values – Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

Job Description

POSITION OBJECTIVES:

To support Foreign Exchange processing:

• To manage and supervise the day to day operation of Foreign Exchange processing to trades done are executed in accordance with policies and regulatory requirements.
• Assist Team Lead in ensuring smooth administration of the Department.

KEY FUNCTIONS/ RESPONSIBILITIES

BAU

• Represent the section in meeting related to FX operations issues.
• Liaise with dealers on daily operations issues.
• Ensure all tasks execution or completion are according to SOP and relevant policy.
• Ensure operations management reports are well prepared and submitted on time for internal and regulatory requirement.
• Periodic checks to ensure that all exceptions, outstanding issues are accounted for and reconciled or resolved timely. Review reconciliation items as trigger by auto reconciliation process.
• Resolve any issues brought up by section staffs in their daily duties.
• Awareness and understanding of regulatory requirement framework that relevant to the role.

PEOPLE

• Coach and guide section subordinates in carrying out their duties.
• Ensure job segregation within the FX section is aligned to job function.
• Adhere to mandatory training requirements and all critical function are suitably skilled.

RISK AND CONTROLS

• Participating in continual upgrading of the operational controls.
• Ensure appropriate operational controls and escalation procedures are practised to minimize operational risks.
• Comply and monitor and ensure all risks and control measures are in places.
• No AML related issues and completion of AML training.
• The ability to identify, assess, monitor, control and mitigate the risk to the business unit.
• Participating in BCP exercise in managing resilience by assesses interconnections/end to end process low between the systems & processes (as per BCP plan)

PROCESS IMPROVEMENT

• Assist Team Lead on managing the team by reviewing the operational procedures for improvement.
• Review and assess process are scalable/sustainable as to ensure timeliness and accuracy on regulatory reporting.
• Maintain high standard service delivery and work closely with Treasury to improve services rendered to them.
• Liaise with departments and branches to streamline inter-departmental processes.

DOCUMENTATION

• Review and update periodically operations manual and procedures.

PRODUCT

• Participate in new product meeting and UAT.
• Review the operational requirements in terms of infrastructure and resources required to support new products.
• Understand of the business strategy and appropriate role given.

OTHERS

• Participate in system UAT and process development for system upgrades as well as enhancements.
• Handle any adhoc requirement or project from management.
• Relief duties for other officers when necessary.
• Good working relationship with Internal and External customers.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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