Job Description

You will also have responsibility for managing the Global Inter-company Netting System and ensuring it operates efficiently twice a month in accordance with the Group’s strict netting guidelines.

Role and Responsibilities

The role has 4 main responsibilities:

Back Office Management

• Ensure Back Office operations processes and procedures are performed efficiently.
• Supervise FX & Money Market confirmation and payment processes so that they are completed within the cut-off time.
• Investigate and follow up the resolution of FX & Money Market failure payments.

Treasury Compliance

• Regulatory Management - ensuring compliance with external regulatory guidance.
• Group Policies - monitoring the subsidiaries’ treasury duties are carried out at all times in compliance with Samsung’s policies and guidelines.
• Internal and External Audit – performing internal treasury audits and following up on action points to ensure recommendations are fully implemented. Supporting subsidiaries with external Auditors’ queries related to treasury activities performed.
• Inter Company Loans – maintaining the agreements to ensure they are kept fully up to date and highlight any action required. Monitoring interest and payment flows to ensure accurate recording.
• FX Portfolio Reconciliation – ensure the annual FX portfolio reconciliation against the bank’s records and our data uploaded to the DTCC Depository is completed in timely manner.
• Bank Mandates – ensuring they are kept fully up to date, reconciled on a regular basis with the bank’s records and comply with the group’s bank mandate guidelines.

The role will also be required to cover the following 2 main functions:

Back Office

• Daily Cash Position – collecting cash forecast data from subsidiaries and treasury/ banking systems to enable the accurate calculation of our cash position.
• Back Office Settlements – process the confirmation and settlement of FX & Money Market on a timely manner.

Middle Office

• Systems Administration – keeping user’s access and credentials on both SAP and Electronic Banking systems up to date and in accordance with the relevant bank mandates.
• Support subsidiaries on their bank account administration, from opening new accounts to keep authorized signatures up-to-date.
• Cover 3rd party payment process (Payment Factory), including subsidiaries queries.

Required Knowledge, Skills, and Abilities

• Strong attention to detail and an ability to organize multiple streams of work; keep things on track while consistently meeting tight deadlines.
• Self-aware, reflective, able to learn from mistakes, open to critical feedback, and an ability to learn quickly while on the job and through formal training.
• Excellent interpersonal skills and able to communicate effectively, both verbally and in writing, with a wide range of people at all levels.
• Ability to work quickly, accurately and consistently when under pressure.
• Initiative and motivation to address issues without being asked to do so and a pro-active approach.
• Bachelor Degree (Finance/ Business degree preferred), 2:1 or above
• Strong written and spoken English to a professional level.
• MS Office skills with Excel advanced level.
• Availability to undertake travel overseas.