Payment and Cash Management Operations Korea (Senior Associate/VP)

Job Summary / Job Purpose

• Manage, supervise the payment and settlement team in terms of risk control, process review and project management.

Main Responsibilities /Accountabilities / Tasks

• Experience in Sharing Operational requirements during the implementation phase including understanding of regulatory requirements and reportings.
• Handling of the day-to-day Payment and Cash Management operations comprising foreign currency  and Local currency -incoming, outgoing transfers, deposit placements, cheques and nostro account management, ensuring that customers’ transactions are performed in a timely and accurate manner, within service level agreement, in accordance with regulatory requirements, guidelines and bank’s procedures.
• Required to cross train and support other Operational activities beyond Payment and cash management including for Trade finance and Market processes as necessary and assigned by local manager.
• Flexible to adjust working hours to support BOK cutoff time.
• Propose new idea and contribute to the setup. Identify opportunities to automate and digitalize reducing operational risk. 
• Lead/Participate in projects to gain efficiency, be compliant to regulations, improve client experience by leveraging on the right services & technologies, keep on connecting to innovation ecosystem, and ensure delivery.
• Keep proper lookout for risks. Contribute to review control framework and create oversight in terms of operational risks management and regulatory requirements in the team.
• Assist manager to execute the Bank’s policies, guidelines, Anti-Money laundering and compliance requirements and operational procedures in the team. Review and ensure procedures are timely updated and created.
• Evaluate new products and business requirements with stakeholders, analyse impact on BAU, define workflow, set up procedures accordingly.
• Coordinate audits and inspection tasks and ensure nil overdue recommendations or findings.
• Ensure execution errors, operational incidents or breach of regulations are resolved and remediated promptly with effective post-mortem actions.

• Assist the Manager on team capacity and skillset management.

Academic Background (degree and major)

• Bachelor

Working Experience /Technical Skills & Know how   

• Experience in Payment and Cash Management activities including Payment input/validation for Local/Foreign currencies.
• Experience on projects management linked to transformation, system implementation/change, process review and /or with various project team to contribute towards operational requirements, functionality, testing strategy and change management.
• Sound knowledge on local rules and regulations and market practise relevant to Payment and Cash Management operations including good knowledge on local clearing HOFINET/BOK wire
• Sound job knowledge of FX regulation, AML/ Sanction and Embargo controls, KYC checks

Skills & Competencies   

• Demonstrate a genuine curiosity about clients’/internal partners’ needs and communicate with respect with all stakeholders
• Innovative thinking with ability to identify areas of improvement and propose solutions where possible
• Strong analytical and problem-solving skills
• React positively to coaching by manager to achieve the next level of higher responsibility as internal controller
• Show accountability and take initiatives within scope of responsibility
• Integrity
• Good initiative and able to work under pressure
• Deal with conflicts proactively and in a positive mode

Language Skills   

• Excellent oral and written English and Korean language 

Computer Skill   

• Proficient in Excel and PowerPoint
   

Our Culture: 

At Societe Generale, we live by our 4 core values of commitment, responsibility, team spirit and innovation. We are engaged and demonstrate consideration for others. We act ethically and with courage. We focus our talent and energy on collective success. We experiment and propose new ideas. This way, we maximize our ability to serve client needs and anticipate market changes. Societe Generale is committed to strengthening bonds with colleagues, communities, and the world in which we live, because relationships are at the heart of how we operate. Please visit our APAC career website: https://www.societegenerale.asia/en/careers/building-your-career-with/ for more information.

Diversity, Equity & Inclusion (DE&I):

Our mission: Recruit, develop, advance, and retain a diverse workforce that is united in our efforts to enhance our competitive position and deliver innovative solutions to our clients.

Our vision:

• Engaged workforce that is demographically diverse in a way that reflects the communities in which we operate
• Inclusive culture and workplace that recognizes employees' unique needs and utilizes their diverse talents 
• Engage our community and marketplace, and position the organization to meet the needs of all its clients

Check out our DE&I initiatives: https://www.societegenerale.asia/en/careers/diversity-equity-inclusion-dei/

Societe Generale is committed to offering inclusive recruitment experience to all candidates.  If you require any reasonable accommodation of assistance during the recruitment process, please do not hesitate to let our HR staff know.