Senior Processor
Mashreq
مجموع سنوات الخبرة :11 years, 9 أشهر
⦁ Handling Trade Transaction such as Issuance of Guarantees, Import and Export Letter of Credits, Collection Documents, LC Documents, Negotiating Bills & Trust Receipts.
⦁ Handling all external and internal customer inquiries.
⦁ Receive original LC documents, APM and local/Direct settled documents/advices from FTC Dubai and deliver to customer under acknowledgement.
⦁ Balance all outstanding documents annually and evidence the same.
⦁ Generate copies of LC Issuance and Amendment from Flex Cube based on customer request.
⦁ Ensure Export LC advising charges are debited or recovered from customer account.
⦁ Handling of Wage Protection System (WPS) & UAE Fund Transfer System (UAEFTS) client agreements.
⦁ Ensure UAEWPS, UAEFTS and C-Three Salary payments are processed within Central Bank cut-off time.
⦁ Preparation of MIS, business requirement documents and posting financial vouchers on core banking system.
⦁ Verify the minimum mandated security features as per Central Bank Guidelines.
⦁ MSCS Data Capturing for Cheques and Cash Transactions throughout the day.
⦁ Magnetic Ink Character Recognition Encoding for Outward Clearing Cheques.
⦁ Reconcile and Generate the Reports from ICCS system such as Accepted, Rejected, Discarded & Return Memos)
KYC (Know Your Customer/Client)
Verifying and validating of clients legal documents
Preparing ownership chart by finding out the UBO and IBO and their stakes in client
Conducting IDD, CDD and EDD
Obtaining AML and Wolfsburg questionnaire from Client
Identifying Key controllers and PEP involved in client
Calculating client risk rating (FCRR) as per the policy
Follow up on trigger events
Screening client and associated parties for negative news and relationship with sanction countries
CDD (Customer Due Diligence)
Receive customers CDD Request from Business and review the requirements.
Perform due diligence reviews of customers and enhanced due diligence where applicable.
Check if there are any PEP/Sanction/AML risks
Obtain background information on customers through on-line research.
Contact with Front Office staff to obtain outstanding CDD documentation.
Review CDD information held on existing clients to identify shortfalls and obtain missing documentation.
Sometimes contact directly with clients to obtain outstanding CDD documentation.
Record account status and approval information in the appropriate databases/spreadsheets.
Risk screening of the customers where any suspicious activity found through Google check and World Check.
File / scan client CDD information
Forex-Treasury & CLS processing
Releasing of the foreign exchange and money market inter-bank deals wherein I was responsible to make sure that the FX and money market deals booked via brokers is appropriate as agreed upon.
Releasing of the Foreign Exchange (FX) and Money Market (MM) Global Custody deals where in the clients enter into FX and MM deals with Northern Trust itself and after making sure all the details to be appropriate in the deal.
Reconciliation of the journal entries for the foreign exchange deals in the company’s books of accounts.
Hong Kong Dollars (HKD) netting where in the payment was made for the HKD currency only for the net amount so that to reduce credit exposure, operational and settlement risk and also the operational cost.
Processing Singapore Dollars (SGD) bulk payments where in the SGD currency’s Foreign Exchange (FX) deal payments were made in bulk because of the high volume of FX deals and to reduce operational cost.
Handle investigation cases relating to any discrepancy in the Foreign Exchange deals that was agreed upon.
Non-deliverable forwards (NDF) processing and exceptional handling.
Preparing of manual swifts for movement of funds (MT202, MT202 cover, MT103)