Executive, iCIMB MSC - Singapore Operations (Payment - Remittance Inward (ITT)) MY

The Executive, iCIMB MSC- Singapore Operations (Payment - Remittance Inward (ITT)) position within CIMB's Banking Operations division in Malaysia is a critical role focused on the efficient and accurate processing of inward remittance transactions. This position plays a vital part in ensuring the smooth flow of funds received from the CIMB Group and its corresponding agents, adhering strictly to the bank's established policies, procedures, and guidelines. The role demands meticulous attention to detail, a strong understanding of remittance processes, and a commitment to operational excellence within the payment ecosystem.

About the Role

This position is integral to the Singapore Operations team, specifically handling the inward remittance (ITT) function. The successful candidate will be responsible for the end-to-end processing of incoming remittance transactions, ensuring they are handled correctly and in compliance with all regulatory and internal requirements. The role involves working within a structured banking environment, requiring both technical proficiency and a customer-centric approach to resolve any transaction-related queries or issues that may arise.

Key Responsibilities

• Processing inward remittance transactions received from the CIMB Group and corresponding agents in accordance with bank policies and procedures.
• Verifying the accuracy and completeness of remittance documentation and transaction details.
• Ensuring compliance with all relevant regulatory requirements and internal controls governing remittance activities.
• Resolving any discrepancies or issues identified during the remittance processing cycle.
• Maintaining accurate records and providing timely reporting on remittance activities.
• Collaborating effectively with internal stakeholders and external partners to support seamless remittance operations.

Requirements

• Relevant tertiary qualification in Banking, Finance, Business Administration, or a related field.
• Previous experience in a banking or financial services environment, preferably within payment processing or remittance operations.
• Strong understanding of remittance processes, banking regulations, and internal procedures.
• Excellent attention to detail and accuracy in handling financial transactions.
• Ability to work efficiently under pressure and meet strict deadlines.
• Good communication and interpersonal skills for effective collaboration.
• Proficiency in relevant banking software and systems.