Assistance Manager – Remittances
DUBAI BANK
Total years of experience :32 years, 0 Months
Assist the Department Manager to plan, direct and control the Department and to assume overall responsibility for cash Management Operations Department activities to ensure Operational risk is managed and services are provided to the valued customers in the most effective manner and in adherence to the Bank policies and procedures.
Job required managing and guiding concern Departments processing team in day-to-day operations by setting internal standards, procedures in line with the local clearing house and meeting the internal/external and reporting requirements.
The job additionally required recommending and implementing approval action plans for continuous process improvements in order to enhance processing efficiency, operational controls, and customer offering.
The main objective and function for centralization of Branch back office processes in one unit is to facilitate Branches to concentrate on generation more business for the Bank.
Assist the Section Head to generating and direct the section operational activities and ensure that risk is managed effectively and services are provided according to the customer requirement.
Responsible as a (A) Authorized signatory for Checking and signing all the swift massages with highly accuracy against their source documents and make sure that all payments details are correct and executed to respective Banks.
Responsible for release all financial/non-financial swift massages after review and sign by myself as well as section head, and ensure that all financial massages are covered properly in (UAE central bank or Nosto Account)
Informing Banks in UAE for all payments of AED one million and above to take in their central bank inward position to avoid any type of Bank risk regarding late received of the swift payments in any circumstances.
Computing Net central bank position and coordinate with our senior dealer in H.O Treasury division informing of large movement of funds routed through central bank.
To monitor deals done for payments above AED. 50K for all currencies and to calculate our commission of 0.25% against the deal rate and comparing same with the daily counters rates.
Control and ensure that all movement of foreign currencies are advised to Foreign Banks Section Deputing Section Head during his absence.
Scrutinizing and Negotiating of Documents \[import & export\] under letter of Credit and related activities.
Settle and release of documents \[sight & Acceptance\]
Documentary Bill for Collection \[CAD\]
Letter of Guarantee \[Issuance - Amendment - Claim & Settlement and related activities.\]