AVP - SO, COE - Reconciliation

About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. UOB's purpose is to build the future of ASEAN. Our purpose guides The UOB Way – that defines our unique culture and belief system, anchored on our values of being Honourable, Enterprising, United and Committed, and our people philosophy of Care, Growth and Trust. 

About the Department

UOB Innovation Hub 2 (InnoHub2) is a UOB-wholly owned subsidiary and a Centre of Excellence based in Malaysia, providing Group Business Services (GBS) to support the UOB Group. Started in 2021 with technology application design, development and support, InnoHub2 is expanding beyond technology services to deliver other business services to support the Bank’s growth ambition. We are looking for talented and motivated individuals to be part of the pioneer team spearheading the development and delivery of the new services.

As part of the InnoHub2 team, you will have the opportunity to work on Group initiatives and gain regional business exposure. We are dynamic, passionate and purposeful about delivering trusted financial solutions that enables business growth. An exciting career progression with varied opportunities awaits you at IH2. Come grow your career with us.

Job Responsibilities

Reconciliation Officers are responsible for ensuring the accuracy and integrity of financial records by performing detailed reconciliations of various accounts and transactions. This role involves identifying discrepancies, investigating their causes, and collaborating with other departments/ operations centers to resolve issues.

Job Description

• Perform daily, weekly, and monthly reconciliations of financial accounts, including bank statements, ledger accounts, and other financial records for for all the Operations Centers, subsidiaries and overseas branches that CoE is supporting
• Ensure all transactions are accurately recorded and discrepancies are promptly identified.
• Investigate and resolve discrepancies found during the reconciliation process
• Communicate with relevant departments to understand the root cause of discrepancies and implement corrective actions
• Maintain detailed and accurate records of reconciliation activities
• Prepare reports on reconciliation status, discrepancies identified, and resolutions made.
• Assist in the development and implementation of standardized reconciliation procedures and policies
• Suggest improvements to existing reconciliation processes to enhance efficiency and accuracy
• Ensure compliance with internal controls, company policies, and regulatory requirements
• Adhere and support the bank Risk & Control framework through various programs which include appropriate Key Risk Controls Self-Assessment (KRCSA), Key Risk Indictors (KRI), Management Risk Awareness (MRA), Incident Reporting (IRF) and Business Continuity Management (BCM)
• Adhere to best practices in reconciliation and financial reporting
• Liaise with internal and external stakeholders, including finance teams
• Provide support during audits and regulatory reviews by supplying necessary documentation and explanations.

Job Requirements

• Diploma/ Bachelor’s degree holder
• Previous experience in Banking & Financial services industry is preferred
• Min 2 years and above for Sr Officer, 5 years and above for Manager, 7 years and above for AVP
• Some knowledge and understanding on operational risk management and financial industry regulations will be a plus
• A team player, strong interpersonal and communication skills.
• Ability to work effectively, under pressure, in a rapid changing environment, as well as autonomously and as an effective member of a dynamic team.
• Possesses good analytical and problem-solving skills
• Self-driven, meticulous and able to operate expeditiously to deliver results and meet tight timelines

Be a part of UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

Apply now and make a difference.