Assistant Officer, Specialist, Trade Operations

Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Banks operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Job Purpose

• To handle foreign inward remittances received by DBS for various customers

Key Requirements

Key Accountabilities

• To ensure inward remittances are credited basis FEMA regulation
• Creation of relateds FIRC and IRM

Job Duties & Responsibilities

• Daily processing of FCY inwards
• To prepare multiple reports like R-return, Cross Border remittance report and DRI report etc
• Responsible for multiple reconciliations.
• To follow up with respective stakeholders to process the payment smoothly.
• Fair Understanding of financial services
• Understanding on Indian banking operations
• Handling queries & adhoc requests

Required Experience

• Upto 2 years in relevant field.
• Candidate should aware about basic FEMA guidelines
• Knowledge about reporting of applicable transactions under LRS & NRO.
• Knowledge about other remittance facilities / miscellaneous remittances.

Education / Preferred Qualifications

• Minimum Graduation (BCom/ BAF)

Core Competencies

• Knowledge of banking operations within cross border remittances

Technical Competencies

• Good Excel knowledge
• Clearance of FEDAI examination would be an added advantage

Work Relationship

• Relationship Managers
• Compliance and Audit stakeholders
• Internal reconciliation team

DBS India - Culture & Behaviors

• DBS is committed to building a culture where all employees are valued, respected and their opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Expected value driven behaviors are:
• Demonstrate Business Performance through PRIDE Value Based Propositions
• Ensure Customer Focus by Delighting Customers & Reduce Complaints
• Build Pride and Passion to Protect, Maintain and Enhance DBS Reputation
• Enhance Self Knowledge, Skills and develop Competencies aimed at continuous improvement
• Maintain the Highest Standards of Honesty and Integrity

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