Head of Correspondent Relations and Settlement Group

TeraBank is announcing a vacancy for the position of Head of Correspondent Relations and Settlement Group.

This vacancy is for you if you have

• Higher education in finance, banking, economics, or business administration;
• At least 3-5 years of experience in the banking sector in the field of settlements;
• Experience in organizing and controlling settlement processes;
• Knowledge of the SWIFT international payment system and bank settlements;
• Knowledge of the principles of correspondent accounts (NOSTRO / LORO);
• Knowledge of local and international transfer processing;
• Knowledge of the RTGS system;
• Knowledge of regulatory requirements related to banking operations;
• English language skills;
• Experience in team management or coordination of work processes will be considered an advantage;

Your responsibilities will be

• Managing correspondent relations processes, including coordinating the process of opening / changing / closing new correspondent accounts and ensuring business communication with correspondent banks;
• Organizing and supervising the process of controlling balances, movements, commissions, and interest on correspondent accounts, as well as account reconciliation;
• Controlling the timeliness and accuracy of local and international settlement operations, including operations carried out through SWIFT, B2B, and RTGS channels;
• Authorizing settlement-related SWIFT / ISO 20022 messages and other relevant transactions within the granted authority;
• Controlling / authorizing the settlement of transactions carried out by the treasury (including FX, Money Market, securities, and other financial instruments), corresponding accounting reflection, and notifications within the competence;
• Ensuring the timely processing and monitoring of receipts received for the benefit of the bank's clients, unclear amounts, and transit accounts under the control of the group;
• Monitoring operations carried out in the RTGS system and other settlement infrastructures, identifying discrepancies and delays in a timely manner, and organizing an appropriate response;
• Carrying out daily / periodic control over operations performed by the group, assessing the effectiveness of control mechanisms, and initiating additional controls if necessary;
• Managing operational incidents, errors, and discrepancies: identifying causes, informing relevant structural units, coordinating corrective actions, and preventing recurrence;
• Ensuring the preparation of settlement-related reporting and its timely delivery to relevant structural units / management;
• Participating in the implementation of new products, systems, modules, and regulatory changes; defining requirements within the group's competence, organizing testing, and evaluating results;
• Identifying opportunities for optimizing and automating settlement processes, preparing relevant initiatives, and coordinating their implementation;

We offer

• Health insurance
• Exclusive terms for TeraBank's banking products
• An environment where you will be encouraged to be brave, demonstrate your skills, express ideas and initiatives freely

Working conditions: Work schedule: full-time; 5 working days a week (3 days in the office, 2 days remotely) Fixed salary + annual bonus

For detailed information about the vacancy and to send your resume, please visit the following link: https://hel-ai.com/apply/FRbIRNDc