Clearing Officer in New York, New York at Industrial and Commerce Bank Of China USA NA

Job Title: Clearing Officer

Department: OP – Clearing

Reports to: Loan Operations Manager

Summary/Objective: To perform duties related to the bank’s money transfer activities.

Essential Functions:

1. Record FED incoming/outgoing wires in Fed monitoring worksheet; and counter check from the daily Fed funds transfer summary report.2. Monitor and record Fed ending balance and reconcile between SCMS.3. Record all incoming/outgoing wires with sequence control number in log books including writing up. Process all related accounting entries vouchers;4. Verify the wire-in customer information from core system before passing to Retail Branch and other regions.5. Handling funds transfer investigation and prepare outgoing service messages from all different departments in FED Line Advantage system.6. Upload all Outgoing payments to Fedline Advantage system (payments and inquires for all branches).7. Record incoming/outgoing swift messages and process all related transactions.8. Deliver incoming swift messages to addressees in needed9. Daily reconciliation of ICBC USA USD account with ICBC New York Branch.10. Ensure all funds transfer related payment orders were effected and properly signed.11. Back up the work of other Clearing Officer when necessary.12. Work with Treasury and branch for exchange rate against incoming FX funds. Input and release outgoing FX funds in Swift Alliance, if required.13. Process Visa, Unionpay and CDARs settlements14. Filing15. Information reporting and initiate transactions in FHLB’s 1Link.16. Job rotation and cross training with other members of the department.17. Performs other related duties and assignments as required.18. Assist and support manager to achieve departmental and bank's goal.

Competencies:

In order to perform the job successfully, an individual should demonstrate the following competencies:

1. Reliability and Punctuality2. Time Management3. Interpersonal Skills4. Ability to perform services in person from a Bank office or branch to, among other things, access the Bank’s computer systems and engage in an interactive environment with co-workers. Physical Demands:

This is largely a sedentary role, requiring use of typical office equipment such as a computer, laptop and cell phone. Work is completed in person in an office environment. Walking around the office and talking to employees and supervisors is also required.

Appropriate reasonable accommodations that do not cause undue hardship will be made to enable qualifying individuals with disabilities to perform the essential functions of the job.

Required Education and Experience:

Bachelor's degree (B. A. or B. S.) from four-year college or university.

Six months to one year of related experience and/or training; or equivalent combination of education and experience.

Additional Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Language/Communication Skills:

Ability to read and comprehend simple English instructions, short correspondence, and memos. Ability to write simple routine reports and correspondence.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice. It is understood and agreed that the employee may be required to perform additional duties as assigned by the employee’s supervisor or Manager.