Remittance Officer at VAM Systems

Dubai, Dubai, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

28 May, 26

Salary

0.0

Posted On

27 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Remittance Processing, Inward TT Processing, Outward TT Processing, WPS Processing, FTS Processing, Internet Banking, Cost Reduction, Revenue Generation, Customer Service, Signature Verification, Cutoff Time Management, SWIFT Messages, Daily Reconciliation, Standing Orders Processing, Payment Monitoring, Nostro Account Control

Industry

IT Services and IT Consulting

Description

Job Description We are currently looking for Maker- Remittance for our UAE operations Job Purpose: To process inward TTs (Including inquiries), outward TTs (Including inquiries), WPS & FTS, Internet Banking in accordance with applicable procedure, service standards & operating guidelines established by the bank. Work as a back-up Maker staff for FTU Key activities. To achieve cost reduction objective for the department & help revenue generation to the bank. To build customer loyalty by providing them an exceptional service. Responsibilities and Accountabilities: Remittance Maker Ensure that the applications received from the branches are in order, to check if signature verified, call back done, original or fax indemnity mentioned and application is dated. To ensure that all the FCY/LCY payments are processed within the cutoff time. Ensure all the (AED) payments in remittance department are covered thru central bank payment system within cut off time. To ensure that all the applications which have discrepancies to be informed to the concerned Branch/RM’s on the same day. Ensure that all high value foreign currency transactions processed by remittance dept. are covered by the Treasury dept. for proper control of Nostro accounts. Ensure that all the swift messages which were processed are acknowledged and daily EOD reconciliation is performed. Filing of all applications and reports. Handling Inward/Outward Inquiries. Ensure all the outstanding transactions in the queue (FTS / Poison / Modification and Business Check) are attended. Ensure standing orders are processed on the due date. To Process previous days outstanding payments in CCN Report. WPS Funding for the day and Funding Reversal for previous day (Saturday) Check SWIFT RMA queue for New / Revoke RMA requests / inquiries ( inwards & outwards ) Segregation of Print outs and Collect the prints from the SWIFT printer. Ensure to pass FCY to checker to check & release cover. Ensure STP Inwards available in Mbase /payment safe. Ensure Non STP FCY inwards to be processed once the cover is received. Processes all payments which we received within the cut of time from our vosrto /FTS /FCY with same value date. Check IF messages received for E078, 2C2, 203, & 192 and act accordingly Print Remittance and IPU Collection accounts and ensure EOD balance is "Zero" (End of Day) Monitor Failed IPI Payments and act accordingly. Ensure to Check inwards inquiries from FTS/SWIFT. Perform Daily Reconciliation of Inward CB UAEFTS and SWIFT Payments against MBASE Transactions and Outward FTS/ SWIFT (duplication) payments. Perform any other duties or responsibilities consistent with the employee Role and assigned by the management Work as a back -up Maker staff for FTU unit Key transactions. Joining time frame: 2 weeks (maximum 1 month)

Responsibilities

The primary role involves processing inward and outward Telegraphic Transfers (TTs), WPS, and FTS transactions according to established bank procedures and operating guidelines. Key activities include ensuring all payment applications are correctly verified, processed within cutoff times, and performing daily reconciliations and filing.