|Fluent in spanish||Self-sufficient|
Organized, delegated and monitored the daily work flow allowing for maximized efficiency of staff by:
Reviewing and approving payment instructions within my authority levels.
Monitoring the workflow and assisting in production duties (e.g. verifying, etc) when queues were backed-up due to high volume
and staff shortages.
Processing HOTSCAN transactions that required OFAC/AML screening. Many times this required direct contact with the US Treasury Dept. In this capacity, I worked closely with our Compliance and Projects Department.
Participated in periodic tests with Fed/CHIPS as required.
Ensured routine operations were followed in a manner which conformed to established regulations and procedures:
Authorized outgoing payments. Ensured that CHIPS and FEDWIRE accounts were balanced and recapped each day.
Checked closing balances of various customer and branch accounts and effected their final position by transferring funds in or out as required.
Ensured timely execution of Fed Funds Sales done by Money Market Traders during the Fedwire Settlement period.
Ensured the effective operations of non-payment transactions by:
Maintaining test keys. Setting up accounts and creating or verifying templates on the BESS system.
Processing non-payments transactions in the wireroom exception queues.
Processed all transactions received via the EPN ACH system by:
Extracting files and electronically routing to the BESS system.
Handleling exceptions and returning items.
Balancing the account during end of day processing.
Performed the reconciliation of selected accounts on the CORONA System, bringing long outstanding items to the attention of the appropiate management staff.
Provided back-up support/coverage to the money desk staff by:
Processing transactions on BESS for maturities, purchases, sales, dividends, interest, and monthly bill charges.
Ensuring DTC settlement account on BESS was balanced.
Ensuring money position was maintained/updated continuously after 5:00 PM and was available and advised to the trader up until the Fed Funds market closed.
Monitored and follow up expected payments, telephoning remitting banks for status and advised trader of significant changes in the money position.
Monitored and funded Bankers Trust Co. account to cover any overdraft balance by 5:15 and drew-down credit balance immediately after CHIPS settlement.
Maintained close liaison with the Supervisor MOney Transfer Department and Late Duty Officer to insure all significant transactions were processed.
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