Clearing Assistant

Department: Operational Management - Clearing Department

FLSA: Non - Exempt

Summary: To assist Clearing Officer in the everyday activities to the bank’s money transfer related transactions.

Essential Duties and Responsibilities: include the following. Other duties may be assigned.

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, if required.
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 / Swift incoming 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 in log sheets and process all related transactions including OFAC checks.
8. Deliver incoming swift messages to addressees.
9. Daily reconciliation of ICBC USA USD account with ICBC New York Branch
10. Ensure all funds transfer related payment orders were effect and properly signed.
11. Back up the work of Clearing Officer when necessary.
12. Upload daily FX rates and forward the rates to branches, if required.
13. Work with Treasury and branch for exchange rate against incoming FX funds. Input and release outgoing FX funds in Swift Alliance, if required.
14. Process Visa, Unionpay and CDARs settlements, if required.
15. Filing.
16. Information reporting and initiate transactions in FHLB’s 1Link.
17. Job rotation and cross training with other members of the department.
18. Performs other related duties and assignments as required.
19. Assist and support manager to achieve departmental and bank's goal.

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience

Associate's degree (A. A.) or equivalent from two-year College or technical school; or two to three years related experience and/or training; or equivalent combination of education and experience.

Language Skills

Ability to read, comprehend simple instructions, short correspondence and memos in English and Simplified Chinese.

Mathematical Skills

Ability to add, subtracts, multiply and divides in all units of measure, using whole numbers, common fractions, and decimals.

Computer Skills

To perform this job successfully, an individual should have knowledge of Database software; Internet software; Spreadsheet software and Word Processing software.

Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand; walk; sit; reach with hands and arms and talk or hear.

This job description in no way states or implies that the functions outlined are the only duties to be performed. It is understood and agreed that the employee may be required to perform additional duties and to follow other instructions, as directed by the employee’s supervisor and/or manager.