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Bank Settlement Administration, AVP

Mizuho

Mizuho

Bank Settlement Administration, AVP

Jersey City, NJ
Full Time
Paid
  • Responsibilities

    SUMMARY:

    Primarily responsible to assist in overseeing the daily operations of the Payment Section. In this capacity, is expected to ensure appropriate control over the processing of all transactions on MTS (Money Transfer System), FLEXCUBE (Deposit) and GLCS (Ledger) and any ancillary system within the Section.

    GENERAL DUTIES:

    • Checks and releases customer transactions on MTS.

    • Verifies and releases transactions on MTS to CHIPS, Fedwire and SWIFT.

    • Review FircoSoft filtering.

    • Monitors general workflows and queues and ensures work is completed within designated timeframe.

    • Manages opening and closing operations for CHIPS and Fedwire.

    • Monitors end of day Proof, Reconciliation, and Settlement Processes, ensuring that any irregularities are documented and resolved and reported through appropriate channels.

    • Submits daily and monthly transactional reports to management.

    • Responds to queries from customers and units within the Bank.

    • Participates in quarterly and/or mandatory CHIPS and Fedwire testing.

    • Processes the Murex file for Mizuho Capital Markets transactions.

    • Assists with monthly billing for Fed and CHIPS.

    • Assists in bringing up the MTS SWIFT lines when necessary.

    • Processes SWIFTs on SWIFT Alliance when necessary.

    • Manages Fedline Advantage.

    • Monitors and manages position for our Due from Bank accounts for Branch and BK(USA).

    • Manages development projects related to processing for affiliate.

    EXCEPTION DUTIES:

    • Assist in various tasks or projects as the need arises or when requested by the Unit Head and/or Section Head

    COMPLIANCE:

    • Obtain a basic understanding of the applicable rules and regulations that govern the Ban k . Understanding that all questions and/ or clarification about such rules and regulations should be directed to the Americas Legal & Compliance Division. Attend Annual Compliance Training Presented by the Americas Legal & Compliance Department. Read and respond as necessary to all compliance- related reference and directive materials received. Comply with the Banks "Code of Conduct".

    • Designated as person responsible for initially reviewing potentially prohibited transaction(s) (OFAC • related).

    • Ensure that in the event am employee of SA U-suspects that a transaction may involve any of the following, such information will be reported to OFAC Officer for Further direction:

      • an SON, blocked person/ blocked entity,

      • a prohibited transaction,

      • a prohibited entity,

      • any mention of sanctioned country within transactional documents,

    • Ensure that all such direction provided by the OFAC Officer involving a suspected transaction is followed as noted in the Bank's OFAC policy & operational procedure .

    QUALIFICATIONS:

    • Five years of experience in international banking, including but not limited to Money Transfer.

    • Knowledge of CHIPS and Fedwire operations.

    • Knowledge of position keeping for CHIPS and Fedwire.

    • Knowledge of Due From / Due To position keeping and reconciliation.

    • Working knowledge of payment systems.

    • Effective organizational skills.

    • Ability to analyze and solve problems independently.

    • Ability to communicate effectively in oral and written form.

    The expected base salary ranges from $75,000 - $115,000. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, certifications and licenses obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.

    OTHER REQUIREMENTS

    In accordance with New York City law, employees based in Mizuho’s New York City office are required to be fully vaccinated against COVID-19 to work on-site (unless a legally-required accommodation has been approved). Mizuho has in place a pilot remote working program, with varying opportunities for remote work depending on the nature of the role, needs of your department, as well as local laws and regulatory obligations.

    COMPANY OVERVIEW

    Mizuho Americas is a leading financial institution comprising several legal entities, which together offer clients corporate and investment banking, financing, securities, treasury services, asset management, research and more. Mizuho’s operations in the Americas connect a broad client base of major corporations, financial institutions and public sector groups to local markets and a vast global network. Mizuho Americas is an integral part of the Japan-based Mizuho Financial Group, Inc. (NYSE: MFG), which is comprised of offices in nearly 40 countries, approximately 60,000 employees, and assets of more than USD 1.8 trillion. Learn more at mizuhoamericas.com.

    Mizuho Bank Ltd. offers a competitive total rewards package.

    We are an EEO/AA Employer -M/F/Disability/Veteran.

    We participate in the E-Verify program.

    We maintain a drug-free workplace and perform pre-employment substance abuse testing.

  • Industry
    Financial Services
  • About Us

    We are a leading global bank, with one of the largest customer bases in Japan, and a global network of financial and business centers. We continue to pride ourselves on our "customer first" principle as a centerpiece in servicing both our individual and corporate customers, with the goal of becoming their most trusted bank.