Assistant -Maker- Remittance

Nair Systems, is a DIFC based, boutique leading edge technology consulting and professional services firm focusing on Digital Banking, Artificial Intelligence, Big Data & Data Analytics, Cyber Security, Blockchain and Cryptocurrency and Robotic Process Automation.  

Nair Systems is currently looking for Assistant -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 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)