Transfer Associate

Summary

Process Inward and Outward Clearing (local and foreign currency) cheques and other documents received from other banks and branches. Attend the Clearing house sessions held daily to exchange items processed by the branches. Update the Treasury and Trade Services Departments with Local and Foreign Clearing figures exchanged.

Responsibilities

• • Promote quality service standards by observing and delivering consistent quality service in compliance with Service Level Agreements.
• • Adhere to custodial policies and procedures and maintain all documents, cheques and vouchers in a secure environment.
• • Attend clearinghouse sessions daily to exchange other banks cheques for Sagicor Bank cheques.
• • Provide Treasury, Trade Services and the Central Reconciliation Unit with clearing figures daily.
• • Capture Inward Clearing items according to established procedures and dispatch to the Validation Unit.
• • Sort and dispatch contents of proof bags to the relevant branches and departments.
• • Correct and balance imaged batches received from branches to ensure the meeting of Automated Clearing House schedules.
• • Power encode out-ward clearing items to verify receipt of imaged items.
• • Batch and balance Local and FX outward clearings for each bank.
• • Prepare BOJ Clearinghouse statement for all currencies.
• • Process inward clearing foreign exchange items to clients’ accounts.
• • Process foreign exchange cheques and prepare cash letters to correspondent banks.
• • Perform remote deposit capture process for USD items.
• • Process entries for referral, material defects and rejected (unposted) items ensuring that the relevant general ledgers and client accounts are correctly updated.
• • Collect service charges for Payroll processing and recover APL and temporary cheque leave charges.
• • Balance and clear all outstanding items in the suspense general ledger accounts.
• • Meet the recourse period outlined in the JCBA Clearinghouse Rules of all clearing items processed.
• • Perform any other job-related duties assigned from time to time.

Required Skills

• • Working knowledge of computer software packages particularly spreadsheet software and word processing software.
• • Knowledge of securities processing is a distinct advantage.
• • High degree of accuracy and detail orientation.
• • Knowledge of the Proceeds of Crime Act (POCA).
• • High degree of confidentiality.
• • Ability to work under pressure and on own initiative.
• • Effective communication skills.
• • Strong team orientation.
• • Knowledge of the Bank’s Policies and Procedures.
• • Knowledge of the Jamaica Clearing Bankers Association Clearinghouse Rules.

Qualifications

• • Associate’s Degree in Banking & Finance, Management Studies or a relevant discipline or an equivalent qualification from a recognized institution.
• • Minimum of two (2) years’ working experience in the Banking Operations Department of a Commercial Banking entity.

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