AVP, CoE - Reconciliation at United Overseas Bank Limited Co

Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia -

Full Time

Start Date

Immediate

Expiry Date

15 Feb, 26

Salary

0.0

Posted On

17 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Reconciliation, Financial Accounts, Discrepancy Investigation, Reporting, Internal Controls, Regulatory Compliance, Stakeholder Communication, Audit Support, Process Improvement, Risk Management, Data Analysis, Standardization, Documentation, Team Collaboration, Financial Reporting

Industry

Banking

Description

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 Perform daily, weekly, and monthly reconciliations of financial accounts, including bank statements, ledger accounts, and other financial records for for all the Operations Centers, subsidiaries and overseas branches that CoE is supporting Ensure all transactions are accurately recorded and discrepancies are promptly identified. Investigate and resolve discrepancies found during the reconciliation process Communicate with relevant departments to understand the root cause of discrepancies and implement corrective actions Maintain detailed and accurate records of reconciliation activities Prepare reports on reconciliation status, discrepancies identified, and resolutions made. Assist in the development and implementation of standardized reconciliation procedures and policies Suggest improvements to existing reconciliation processes to enhance efficiency and accuracy Ensure compliance with internal controls, company policies, and regulatory requirements Adhere and support the bank Risk & Control framework through various programs which include appropriate Key Risk Controls Self-Assessment (KRCSA), Key Risk Indictors (KRI), Management Risk Awareness (MRA), Incident Reporting (IRF) and Business Continuity Management (BCM) Adhere to best practices in reconciliation and financial reporting Liaise with internal and external stakeholders, including finance teams Provide support during audits and regulatory reviews by supplying necessary documentation and explanations. 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. Apply now and make a Difference Together, Let’s Build the Future of ASEAN We value our people and invest in them as we look to fulfil our purpose of building the future of ASEAN. We seek to create a collaborative and progressive environment for them to succeed in their careers for the long term. Explore career opportunities with us today. UOB is rated as one of the world's top banks, ranked 'Aa1' by Moody's Investors Service and 'AA-' by both S&P Global and Fitch Ratings. With a global network of 500 branches and offices across 19 countries in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, as well as branches and offices throughout the region. Career Site: UOB Career site

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Responsibilities

The role involves performing daily, weekly, and monthly reconciliations of financial accounts and investigating discrepancies. Additionally, the position requires maintaining accurate records and preparing reports on reconciliation activities.