IMI CIB - Senior Officer - Remittance & Settlement - Singapore

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Date: May 28, 2023

Location: Singapore, SG

Company: Intesa Sanpaolo Group

Intesa Sanpaolo is the banking group leader in Italy. Assisting more than 14,6 milion of retail customers through a network of 5360 branches, it significantly supports the development of Companies and gives an important sustain to the country's growth. The Group has a selected retail banking presence in Central and Eastern Europe, the Middle East and North Africa, with approximately 1,000 branches and 7.2 million customers in 12 countries. Intesa Sanpaolo is also present in 25 countries in support of its corporate customers’ cross-border business. It is looking for new qualified profiles who want to face demanding and challenging career path with the following requirements: 

Scope and Purpose

Position Keeping

  • On a daily basis, compute the position of various currencies
  • Provide the information to the dealers
  • To ensure that the manual position tied with the Nostro projected position

Incoming Remittances

  • Prepare or authorise the Sire incoming payments
  • AML screening for incoming remittance from High Risk countries

Outgoing Remittances

  • Upon receipt of outgoing remittances from customers, to verify the signatures in our Records and check if signatures are in order
  • If signature is in order, to proceed with the preparation of the payment
  • All remittance instructions received by fax or email need authorisation from the Relationship Manager, and call-back customer to confirm that they did send the instructions, if required
  • AML screening for outgoing remittance to beneficiary located in High Risk countries

Scope and Purpose

Incoming Cheques Clearing

  • To download from CTS daily cheque images and reports
  • To check the signatures on the cheques
  • To ensure that there is adequate funds in the accounts
  • If there is deviation of the signature or inadequate funds, the Relationship Manager must be informed

DTCC Reporting

  • Submitting DTCC report when required

Scope and Purpose


  • Download EGIRO daily file
  • Check incoming funds for non-bank customers and generate entries to post the amounts to the relevant accounts

SWIFT Manual Payments / Receipts

  • Clear all incoming Swift messages and distribute to the respective depts
  • Prepare or authorise Swift manual payments / receipts  


  • On a monthly basis – balancing of Statement of Securities Holding for SGD and EUR – check report with Swift MT535
  • Write up of any new purchase and sale of securities to be given to Middle Office for input into the system and check after input
  • Confirmation and matching via SWIFT MT541 / MT543 / MT202 / MT 210 – for Euro Bonds

Scope and Purpose

Monthly Reporting to MAS

  • Report of Singapore Government Securities held by bank


-      Every morning match, check and release MM/FX payments/receipts due.  Also to check/match list of unconfirmed transactions against the Money Market and Foreign Exchange activities of previous day deals

-      Checking of MM and FX tickets to ensure counterparty details, amount and settlement instructions correspond with the Broker’s / Reuters confirmations

-      Once these have been done, create payments / receipts

-      Release payments / receipts and match them against the outgoing printed acknowledged (Ack) copies and ensure all details are in accordance with the Counterparty’s Nostro instructions

 -     Release all MT300 or MT320 once created /listed in the queues for releasing confirmations

-      Match daily (MM/FX-MT320/MT300) to the tickets

-     Check and match the incoming MM/FX to tickets

Required Experience

-    At least 5 years of remittance and / or settlement experience in the banking industry.
-    Due to plans to expand dealing room activities, we welcome candidates with settlement experience in products such as MAS bills, SGS, bonds, repo/reverse repo, FX, IRS and CCS, to apply.

Required Qualifications, Skills and Knowledge

-    Diploma or Bachelor Degree holder
-    Fluent in English
-    Strong MS Office and PC skills 
-    Strong knowledge of SWIFT
-    Strong knowledge of AML requirements 
-    Able to co-ordinate and collaborate with other departments
-    Team player who is flexible with job duties as there will be job rotation and covering of duties for colleagues

Everyone is an asset for our Group and that person could be you! Check out our job opportunities, apply and join our team!