Remittance Department Associate

3 days ago


Hong Kong, Central and Western District, Hong Kong SAR China OCBC Full time

Job Overview

As a Remittance Department Associate at OCBC, you will play a vital role in handling Inward Remittance transactions via the Inward Remittance System (IRS). This position requires strong organizational and communication skills to ensure seamless execution of daily operations.

Key Responsibilities:

  • Transaction Processing: Handle Inward Remittance transactions via IRS, ensuring accuracy and timely completion.
  • ORS Transactions: Perform Posted to ORS transactions via Outward Remittance System (ORS), maintaining compliance with regulatory requirements.
  • Record-Keeping: Enter information for paid demand drafts in IRS for record-keeping purposes, ensuring data integrity.
  • Swift Messages: Prepare Swift Messages to claim 'OUR' charges from Sending/Correspondent Banks on their Swift Payment Orders, facilitating smooth settlement processes.
  • Teller System Posting: Perform Teller System posting for Remittance Department, sort and file posted terminal vouchers with Daily Control Sheet to prevent mislaid/omission of posted vouchers.
  • Clean Bills Collection: Handle Inward and Outward Clean Bills Collection, adhering to established procedures.
  • Confirmation Follow-up: Follow up confirmations duly signed by customers on Unqualified Credit Advice transactions, updating records at IRS in a timely manner.
  • Irregular Items Investigation: Investigate irregular items in inward remittance operations, such as insufficient remitter information, incorrect beneficiary names, cable fate the collection cheques, AML inquiries, etc., and handle account memos received from FMD.
  • Unqualified Transactions: File unqualified transactions in sequential order.
  • Document Management: Arrange to send documents to godown for retention as scheduled.

Requirements and Qualifications:

  • Diploma holder or above.
  • 1-3 years of experience in remittance or related banking.
  • Fluent in Chinese (Cantonese) and English.
  • Proficient in PC skills, including MS Word and Excel.
  • Excellent communication skills and ability to work well in a team.
  • Proactive and willing to take on positive challenges.


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