Security Bank Corporation
Processor – Foreign Exchange and Derivatives
Philippines
Opportunity expired
Opportunity details
- Graduate Job or Program
- PHP 240,000 - 400,000 / Year
- Apply by 9 Jun 2022
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!
Hiring criteria
- No experience required
- Philippine Temporary Work Visa +more
- Business & Management +more
- Bachelor or higher
Reviews
I am a recruitment marketing manager handling mainly our external social media like Facebook, LinkedIn, and TikTok. I also assist the recruiters in their requests for releasing internal and external job ads to help them with their hiring goals.
My role is to create campaigns and ads in order to gauge the right target market for a specific product
Helping to hire the best team members in the company
About the employer
Security Bank Corporation
4.4
1,000 - 50,000 employees
Banking & Financial Services
Security Bank Corporation is one of the Philippines’ leading universal banks that serve retail, commercial, corporate, and institutional clients.
Pros and cons of working at Security Bank Corporation
Pros
The best thing is how Security Bank cares for its employees' work-life balance. They are the only local bank to offer hybrid arrangements to head office employees.
Unlike other banks, Security Bank really makes me feel that I matter. Here, leaders are very approachable and visible.
I feel very rewarded and recognized. Personally, I've already been promoted 3x.
My managers are great mentors. They regularly hold alignments to make sure we are on track with projects.
We have a lot of online and face-to-face learning opportunities not only for technical skills but also soft skills.
Cons
Some leaders are still too traditional.
The company should focus on their salary pay. For me, it's very low.
It's slow and really not discussed often - something to improve to keep people happy.
Complex processes can be simplified. Benefits can be improved.
There is nothing too negative! If I had to answer, it would be that SBC is only present locally.