Team Lead Investigation & Reconciliation, VP

Confidential Company  •  Jersey City, NJ

5 - 7 years experience  • 

Salary depends on experience
Posted on 05/22/18
Confidential Company
Jersey City, NJ
5 - 7 years experience
Salary depends on experience
Posted on 05/22/18

Business Operations Planning Unit

The Business Operations Planning Unit (BOPU) is in charge of operations and projects for ABOD, and consists of the Planning & Project Management, Investigations/Reconciliations, and Data Integrity sections.  Please click on the links below for more information on each section. 

Summary


Manage the administrative functions related of the Investigations / Reconciliations Section

Responsibilities

1) General Duties

  • Prepare performance reviews and goal settings for staff
  • Prepare vacation schedule
  • Ensure proper staffing
  • Review and revise internal operating procedures 
  • Perform UAT as needed
  • Manage Metro CARS and IntelliTracs systems
  • Supervise the Nostro Reconciliations and Investigations
  • Ensure that proper reconciliations are conducted and cases are resolved on a timely basis
  • Assist on difficult cases
  • Prepare loss reports when applicable
  • Approve compensationreports
  • Supervise and approve the administrative functions related to our Vostro accounts (Due to Banks for Mizuho Capital Markets Corp (MCMC) and other subsidiaries) and branches inter-office accounts
  • Monthly Service and OD Charge Summary Report
  • Overnight Overdraft limits
  • G-Base Operation for opening/closing of Vostro accounts
  • [MCMC only] Booking adjustment for non-receipt etc
  • Supervise Same Day reconcilement process
  • Supervise TMPG processing
  • Supervise and approve the administrative functions related to our Nostro accounts (Due from Banks) and branches inter-office accounts
  • Monthly Report of Nostro Bank Charges and Interest
  • G-Base Operation for opening/closing of Nostro accounts
  • Ensure proper handling of Cross Branch booking
  • GBase function
  • Approve general operations
  • Error posting report
  • Perform End of Day for section
  • Perform End of Day for IntelliTracs
  • Complete self-check for the section
  • Supervise the requiredreports including the proper distribution to appropriate MHBK NY Departments/units and management: 
  • Daily CARS and non - CARS Reconciliation Reports and Investigation Reports
  • Daily Open Reconciliation Items Report (Nostro & ISA)
  • Weekly Nostro Open Items Report over 7 days
  • Weekly Investigation Report
  • Weekly Lifting Charges Report
  • Monthly 30/90 Days Nostro Reconciliation Report
  • Monthly Investigation/Compensationreport
  • Monthly Service Charge Report [Nostro / Vostro]
  • Monthly Sundry Report
  • Monthly Overdraft Statements [Vostro]
  • Monthly Dormant Account Report [Vostro]

Qualifications

  • Minimum 5 years of bankingexperience in Nostro Reconciliations and Investigations
  • Knowledge of CHIPS, FED and SWIFT
  • Knowledge of BAFT - IFSA rules
  • An understanding of accounting (Debit and Credit entries)
  • Effective management skills and oral / written communication skills

R1710

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