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February

Senior Clearing Officer

China Construction Bank Corporation Sydney Branch - Sydney, NSW

Banking & Finance
Source: uWorkin

Source: uWorkin

JOB DESCRIPTION

Organisation

China Construction Bank is one of the largest banks globally. CCB Sydney branch has been in operation since 2010, CCB Melbourne Branch has been in operation since November 2012, and the Brisbane branch opened in November 2014. The bank is seeking a qualified Senior Clearing Officer to join the settlements team.

Reporting to the Clearing Manager and being as part of the financial market operations team; your role will see you responsible for clearing function of back office support.

Job Purpose

You will be updating and maintaining transaction across various systems, liaising with a number of internal and external clients, and identifying and escalating risks.

As a member of this team, you will be required to ensure that the business area conducts its activity in accordance with all relevant CCB policies

To:

  • As a member of this team, you will be required to ensure that the business area conducts its activity in accordance with all relevant CCB policies
  • Ensure that the business unit operates in accordance with stipulated risk management policies and procedures covering market risk, credit risk and operational risk
  • Ensuring clearing function are performed efficiently and accurately
  • Ensuring all payments are sent and settled on a timely basis, observing the established cut-off times for the relevant currencies and locations
  • Checking data entry of deals, exchange/base rate in back office system
  • Carrying out phone confirmation of daily payments.
  • Providing high-level customer service with internal and external corporate clients, other market participants and internal stakeholders in order to settle transactions in a timely and efficient manner
  • Improvements to existing systems and business processes

Experience

At least 5-10 years of experience in local market

Skills – necessity

  • Should hold a diploma or degree qualification
  • Should be a strong team player with good communication skills to work in multicultural environment
  • Should demonstrate a strong knowledge of clearing and settlement functions
  • Strong knowledge of settlement & clearing system Exigo; SWIFT; RITS; BECS; NPP
  • Strong knowledge of AUSTRAC’s International Funds Transfer Instruction (IFTI) reporting procedure
  • Strong attention to detail to ensure policies and procedures are adhered to and regulatory requirements are met
  • Good problem solving skills
  • Be able to operate in a rapid growth environment and to manage change
  • Knowledge of Microsoft products: Word; Excel; Access

Duties and Responsibilities

Day to day tasks

  • Inputting/ Processing Customer Transactions and International Payments
  • Investigate & follow up on the discrepancies and exceptions when required
  • Maintain deal registers
  • Monitor and modify the clearing payment Queues in the back office system, report any nesting payments to manager and Compliance team
  • Monitor and investigate unmatched trades confirmed via swift
  • Liaising with the Front Office when trade discrepancies happen or further information needed
  • Report any breaches of regulations to managers , and Compliance
  • Have reports signed and filed daily according to Settlement & Clearing procedures
  • Perform trade support functions such as trade verification, confirmation and settlements
  • Produce the daily internal and external reports as required for clearing
  • Complete AML/CTF checks on payments and regulatory report to AUSTRAC in timely manner
  • Provide back office support and service on banking operations
  • Provide support for other Business Units queries
  • Process Overnight BECS payments and liaise with the agent bank ANZ
  • Process administrative task related to Demand Deposit account accounts
  • Performing the daily reconciliation of customer/Vostro accounts and resolving/escalating of errors and liaise with Vostro customers
  • Archive processed transactions/files on regular basis
  • Performing daily check of the confirmation produced by system/manual confirmation
  • Follow up with nostro accounts for TF/customers’ payments
  • Preform Ad hoc tasks and prepare report if and when required
  • Flexible for working extended hour if and when required


Policy and Procedure

  • Be proactive in proposing and providing processing solutions.
  • Ensure that failures and shortcomings in policies and procedures are reported
  • Update draft of manual/ procedures when required by managers
  • Provide support to ad-hoc project as requested by managers /department head
  • Continued awareness of current market convention and legislation
  • Be involved in System development and enhancements testing

Administration Duties

  • Administration duties within the clearing team, which include filing, sending customer confirmations.
  • General database maintenance & maintaining onsite and off-site storage of all the documents
  • Input to in-house registers of all cash-related funding movements and deal information


Culture & Benefits

We feel strongly that a positive workplace culture will help us create a positive experience for each and every member of the CCB family. We have some really great employee benefits to offer:

  • Professional development opportunities – we want to help our employees be the best that they can be, so we help them on that journey
  • Excellent work/life balance


Additional Information

We encourage people with a disability to apply for roles at China Construction Bank and to request any support or reasonable adjustments that may be required to fully participate in the recruitment process.

To be considered for this role, interested candidates must provide an up-to-date resume and an application letter addressing the selection criteria.


About us

China Construction Bank Corporation (CCB) are one of the largest financial institutions in China and the Sydney Representative Office was set up in November 2007.In August 2010, the Australian Prudential and Regulation Authority (APRA) approved China Construction Bank Corporation as a foreign authorised deposit taking institution.

CCB Sydney Branch can conduct wholesale banking business in Australia, including corporate lending and deposit, international settlement, trade finance, AUD clearing. The establishment of CCB Sydney Branch will enable CCB to expand its global network and enhance customer service capability to facilitate the economic and trade co-operation between Australia and China.

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