Job Title: Remittance Manager Job Location:Saudi Arabia
Company: Our client, a leading financial institution is looking for a Remittance Manager to join their expanding team in Saudi Arabia. The incumbent is responsible for managing the centralized Foreign
Remittance function of the Bank and ensure that adequate controls and procedures are in place for all activities related to the processing and
execution of payments. Date Posted: 21/11/2015
Responsibilities:
• Custodian of Demand Drafts.
• Sign off Demand Drafts and advices for Government transactions.
• Overseas centralized process of inward and outward remittances in Head Office.
• Approve transactions, overdraft or LTR subject to approval from the sanctioning authority.
• Maintain business relations with individuals and corporate clients as well as correspondent banks.
• Approve transactions originated by the department's tellers electronically in the core banking system.
• Monitor exchange company deals and coordinate with Treasury Department of large foreign currency transactions.
• Authorize preferential exchange rate for high value transaction and for priority clients based on the rate sheet circulated by the Treasury
Department.
• Assist in development of Policies & Procedures for day to day operations of the Department and ensure that adequate controls are in place when conducting business.
Requirements:
• University degree in Banking and Finance or equivalent.
• At least 8 years of similar experience in a financial institution in the GCC.
• Sign off Demand Drafts and advices for Government transactions.
• Overseas centralized process of inward and outward remittances in Head Office.
• Approve transactions, overdraft or LTR subject to approval from the sanctioning authority.
• Maintain business relations with individuals and corporate clients as well as correspondent banks.
• Approve transactions originated by the department's tellers electronically in the core banking system.
• Monitor exchange company deals and coordinate with Treasury Department of large foreign currency transactions.
• Authorize preferential exchange rate for high value transaction and for priority clients based on the rate sheet circulated by the Treasury
Department.
• Assist in development of Policies & Procedures for day to day operations of the Department and ensure that adequate controls are in place when conducting business.
Requirements:
• University degree in Banking and Finance or equivalent.
• At least 8 years of similar experience in a financial institution in the GCC.
Please send Word CVs and cover letters to only
shortlisted candidates will be contacted.
About Jobalert
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