Supervisor cash management, Remitance.
Dubai Bank
Total years of experience :11 years, 1 Months
•Manage a team of processors, officer and Sr. Officer in providing a timely and efficient service to Business.
•Full backup for Department Assistant manager with full responsibilities and Authorities.
•Played a major role during the implementation of the Bank System and preparing UAT scripts and ensure the accounting entries are accurate.
•Handling Central cash admin task which is responsible for coordinating cash movement between Dubai bank Branches and the Central bank as well as monitoring AED cash position for all Dubai bank branches in all emirates.
•Authorize the cash withdrawal/Deposit request to the Central Bank through UAEFTS system within the cut of time with the central bank.
•Managing and controlling the offsite ATM’s for the cash removal and replenishment.
•Verify all inward remittance payment in local currency which is routed through UAE central bank and cross border transfers which is routed through a correspondent bank where we maintain our Nostro accounts.
•Manage day to-day operations and approve transactions of the assigned team, within the delegated authorities, with the aim to maximize the productivity while ensuring efficient, accurate and high quality service to the customers.
•To ensue strict compliance with local laws, central Bank regulation and Bank’s rules and guidelines in processing of transaction.
•Authorizing all outward remittances in local currency which is routed through the UAE Central bank (Nest System) and authorizing all cross border transfers which is routed through a correspondent bank.
•To ensure that all payments received before the prescribed cutoff time will be processed on same day and those received after cutoff time to be processed next working day.
•Authorize all swift messages and ensure that the respective accounting entries have been processed and ensure that swift messages match with the customer instruction/ refund instruction. .
•Authorizing setup for all standing instructions requests in local and foreign currency and perform check a against World check.
•Handling the collection of foreign currency cheques.
•To manage risk & control functions for smooth running of operations & achieving a minimum satisfactory Audit rating from Audit, internal Control and Sharia departments.
•Responsible for assigned suspense accounts reconciliation as per agreed frequency in order to keep age of all outstanding items appearing in accounts within the agreed thresholds.
•Responsible for reviewing Central Bank account reconciliation on a daily basis for early identification and Closure of clearing related outstanding entries.
•Review of daily pending items report for effective control over day to day transaction while ensuring that no major complaint from customer and the business unit is received,
•To ensure control is in place for. Tracking of any processing error leading to service issues.
•Delivery of all special assignments and projects assigned by the manager department and preparing the monthly proofing for the department and the same to be completed within the agreed timelines.
•Undertake any other duties as required by the division from time to time.
• Process various Islamic financing products, arrange for deferrals / waiver, whenever required
• Receiving facility documents and checking them against checklists. This also includes verifying signatures and corrections
• Receive facility drawdown requests; check the approvals in line with the financing Policies in place and the discretionary powers assigned to branches / CRM
• Process applications in both Phoenix and Mosaic accurately (Data Entry)
• Manual recovery of installments from borrowers and collection of past dues
• Reschedule the repayments of various products and check the accuracy and correctness of the account parameters
• Post dated cheques maintenance. This includes their submission to clearing for collection
• Arrange partial and premature settlement of facilities.
• Adhere to service delivery standards (SDS); i.e. handle enquiries, process transaction within set TAT.
• Work on any assignment that may be entrusted to me by my superiors. This may include but not limited to, active participation in regular clean-up projects, inventory and stock taking activities.
• Timely processing of Islamic financial applications to meet Service Delivery Standards
• Observe controls as per policy and procedure.
• Mitigate risk that may cause any operational loss or lack of control.
• Maintain high level of customer satisfaction with our customers (branches).
• TIN's (issuing telebanking request from executing customer).
• Meticulously maintain and manage AED & USD money markets books.
• Adhere to the limits approved by the management in both MM & FX.
• Use the limits with prudence and in the best interest of the bank.
• Issue foreign exchange rate derived from H. O. Treasury.
• Issue FX rates for monthly revaluation.
• Foreign currencies other than USD / AED shall be covered through H. O. Global treasury unless Oman being a holiday or not being available for any reason.
• All other foreign currencies remittances routed through H. O. Nostro accounts for amounts less than USD 10K to be informed immediately before 1:00 p.m. other than GCC (Fixed Parity) currencies.
• FX ticket to be raised for Foreign Currency remittances whereby amount exceeds equivalent to USD 10K.
• Preparation of various reports such as: daily foreign currency; position reports; daily limit exception reports; selective deal status reports; exchange position reports; Nostro.
• Handling of queries regarding application forms.
• Handling payments file queries and reconciliation card payments.