Processor – Foreign Exchange and Derivatives null

The Role

As a Processor – Foreign Exchange and Derivatives, you will handle the processing and settlement of Foreign Exchange and Derivatives transactions of Treasury Group Effectively support Treasury Group’s dealings, comply with regulatory requirements and satisfy internal and external customers thru timely delivery of settlement, confirmations, and submission of reports and accounting entries with accuracy and speed in accordance with Bank’s policies and procedures and BSP regulations. Responsible in processing transactions specifically as follows: 

• Processing of Corporate (Dollar/Peso and Dollar/Thirds) Accounts.
• FX Corporate Spot
• FX Corporate Forward
• Other Derivative products

Responsibilities

• Checks maturing transactions for the day.
• Checks all maturities of FX Corp Spot and FX Corp Fwd. through guava against outstanding documents on file.
• Ensures completeness and accuracy of transactions for processing.
• Prioritize processing all maturities for settlement in the PVP/PDDTS system.
• Ensures completeness and accuracy of supporting documents specifically those covered by BSP Circular on sale of foreign exchange.
• For the sale of FX trade purposes, review documents and stamped with “FX SOLD” as applicable. Forward documents have it signed by an authorized signatory. Photocopy the necessary documents presented if the original copies will be returned to the client.
• Monitors the return of signed forward contracts from the counterparty.
• Prepares accounting Entries/journal Entries.
• Analyze/Review various contracts presented by the client.
• Provide analysis on various variances of accounts handled.
• Provide data on remittances to RCU daily for IOS Reporting.
• Performs Pre and final Monthly Independent Run-up.
• Consolidate Item Count of FX/Derivatives transactions.
• Monitors and submit the report for docs’ stamps to FINCON monthly.
• Performs end-of-day reconciliation of Treasury Intersystem Account.
• The alternate processor on other Foreign Exchange related transactions and complex derivative products such as but not limited to IRS, CCS, OPTIONS, FUTURES, and other structured products.
• Maintains systematic filing and updated historical transaction monitoring and reports by scanning and proper labeling of documents and saving files in the shared folders to comply with the bank policies on safekeeping and record-keeping of documents

Requirements

• Bachelor's Degree in Accountancy
• Must be detail-oriented and keen on details
• Able to communicate well with transacting parties
• Fresh Graduates are welcome to apply!