Vice President - Treasury, Fulfillment and Service, Head of Cash Operations Vice President - Treasury, Fulfillment and  …

Bank of America
in Kuala Lumpur, Malaysia
Permanent, Full time
Last application, 24 Sep 21
Competitive
Bank of America
in Kuala Lumpur, Malaysia
Permanent, Full time
Last application, 24 Sep 21
Competitive
Vice President - Treasury, Fulfillment and Service, Head of Cash Operations
Job Description:

Your background
  • Minimum 5 years of direct working experience in leading cash operations function
  • Strong people manager
  • Knowledge on local and cross border payments e.g SWIFT, payment channels
  • Knowledge of all applicable regulatory reporting requirement and guidelines
  • Hands-on in key regulatory reporting e.g. ITIS, CCRIS, PIDM reporting is an added advantage
  • Project management and change management skills
  • Sound knowledge of procedures and risk management/effective Quality Assurance
  • Ability to work with a sense of urgency to meet internal and regulatory deadlines and address competing priorities.
  • Ability to manage alliances, relationship with regulator(s), internal/external stakeholders, cross functional initiatives and process integration
  • Solid knowledge on problem analysis and problem-solving
  • Effective written, listening and verbal communication skills
  • Self-motivated, diligent and meticulous

What you will do
Cash Operations
  • Manage and control daily operations and administration of the cash operations unit covering payments, check clearing, time deposit, audit confirmation and related regulatory reporting.
  • Manage, coach performance of employees, vendor staff and unionized staff to achieve excellent results, including ensuring strong awareness of the Bank's operation risk management procedures
  • Ensure timely adherence to SLA, regulations and internal procedures and policies, including timely and effective escalation
  • Ensure standardization of processes to achieve efficiency and customer delight. Review and document non-standard processes in accordance with the Bank's procedures and policies. Escalate/Risk accept where required
  • Implement strong internal control systems and monitor their effectiveness, not limited to review of daily control checklist/health indicators, update desk top procedures, share knowledge and adopt best practices, manage remediation of audit/self-identified findings
  • Ensure effective business continuity plan is in place
  • Represent the Bank in Markets/Regulators engagement. Lead, direct, monitor the delivery and implementation of regulatory/markets initiatives on payment systems. Co-ordinate with Product, Technology and all Key Stakeholders to ensure successful implementation
  • Support the Bank's digital/transformation strategy


About Bank of America
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

Job Band:
H5

Shift:

Hours Per Week:
39

Weekly Schedule:

Referral Bonus Amount:
0
--> Job Description:

Your background
  • Minimum 5 years of direct working experience in leading cash operations function
  • Strong people manager
  • Knowledge on local and cross border payments e.g SWIFT, payment channels
  • Knowledge of all applicable regulatory reporting requirement and guidelines
  • Hands-on in key regulatory reporting e.g. ITIS, CCRIS, PIDM reporting is an added advantage
  • Project management and change management skills
  • Sound knowledge of procedures and risk management/effective Quality Assurance
  • Ability to work with a sense of urgency to meet internal and regulatory deadlines and address competing priorities.
  • Ability to manage alliances, relationship with regulator(s), internal/external stakeholders, cross functional initiatives and process integration
  • Solid knowledge on problem analysis and problem-solving
  • Effective written, listening and verbal communication skills
  • Self-motivated, diligent and meticulous

What you will do
Cash Operations
  • Manage and control daily operations and administration of the cash operations unit covering payments, check clearing, time deposit, audit confirmation and related regulatory reporting.
  • Manage, coach performance of employees, vendor staff and unionized staff to achieve excellent results, including ensuring strong awareness of the Bank's operation risk management procedures
  • Ensure timely adherence to SLA, regulations and internal procedures and policies, including timely and effective escalation
  • Ensure standardization of processes to achieve efficiency and customer delight. Review and document non-standard processes in accordance with the Bank's procedures and policies. Escalate/Risk accept where required
  • Implement strong internal control systems and monitor their effectiveness, not limited to review of daily control checklist/health indicators, update desk top procedures, share knowledge and adopt best practices, manage remediation of audit/self-identified findings
  • Ensure effective business continuity plan is in place
  • Represent the Bank in Markets/Regulators engagement. Lead, direct, monitor the delivery and implementation of regulatory/markets initiatives on payment systems. Co-ordinate with Product, Technology and all Key Stakeholders to ensure successful implementation
  • Support the Bank's digital/transformation strategy


About Bank of America
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

Job Band:
H5

Shift:

Hours Per Week:
39

Weekly Schedule:

Referral Bonus Amount:
0
Job Description:
Your background
  • Minimum 5 years of direct working experience in leading cash operations function
  • Strong people manager
  • Knowledge on local and cross border payments e.g SWIFT, payment channels
  • Knowledge of all applicable regulatory reporting requirement and guidelines
  • Hands-on in key regulatory reporting e.g. ITIS, CCRIS, PIDM reporting is an added advantage
  • Project management and change management skills
  • Sound knowledge of procedures and risk management/effective Quality Assurance
  • Ability to work with a sense of urgency to meet internal and regulatory deadlines and address competing priorities.
  • Ability to manage alliances, relationship with regulator(s), internal/external stakeholders, cross functional initiatives and process integration
  • Solid knowledge on problem analysis and problem-solving
  • Effective written, listening and verbal communication skills
  • Self-motivated, diligent and meticulous

What you will do
Cash Operations
  • Manage and control daily operations and administration of the cash operations unit covering payments, check clearing, time deposit, audit confirmation and related regulatory reporting.
  • Manage, coach performance of employees, vendor staff and unionized staff to achieve excellent results, including ensuring strong awareness of the Bank's operation risk management procedures
  • Ensure timely adherence to SLA, regulations and internal procedures and policies, including timely and effective escalation
  • Ensure standardization of processes to achieve efficiency and customer delight. Review and document non-standard processes in accordance with the Bank's procedures and policies. Escalate/Risk accept where required
  • Implement strong internal control systems and monitor their effectiveness, not limited to review of daily control checklist/health indicators, update desk top procedures, share knowledge and adopt best practices, manage remediation of audit/self-identified findings
  • Ensure effective business continuity plan is in place
  • Represent the Bank in Markets/Regulators engagement. Lead, direct, monitor the delivery and implementation of regulatory/markets initiatives on payment systems. Co-ordinate with Product, Technology and all Key Stakeholders to ensure successful implementation
  • Support the Bank's digital/transformation strategy


About Bank of America
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 35 countries. In the U.S. alone, we serve almost all of the Fortune 500 companies and approximately 67 million consumer and small-business clients. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the world
Our Asia Pacific team is spread across 19 cities in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

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