Treasury and Investment (Project Hire)

Company: Union Bank of the Philippines

Position: Project Hire Employee

Office Location: UnionBank Plaza - Ortigas, Pasig City

Project Title: Project Gear Shift (Enhance, Optimize and Automate)

Project Objective: The objective of this project is to ensure accurate, timely, and compliant processing of treasury settlements, reporting, and administrative requirements. This includes supporting daily settlement operations, validating end-of-day financial records, preparing critical reports, and providing administrative and operational assistance to the Settlements Teams.

Project Description: The project encompasses the end-to-end management and support of treasury settlement activities and administrative processes. This includes the preparation and review of daily operational reports such as PVP and Overnight Swaps settlements, as well as Borrowing and Lending reports. It also covers the settlement of Foreign Exchange (FX), Money Market (MM), Derivatives, and Fixed Income (FI) instruments through systems such as GUAVA and XACT, including processing manual updates for NDF transactions, FX spot transactions, and borrowing and lending activities. The scope further extends to performing end-of-day checks and balances, validating treasury bookings against deal tickets and traders blotters, and processing corresponding entries in Finacle. In addition to core settlement tasks, the project includes administrative support such as term sheet preparation, coordination for authorized signatories, issue investigation, reconciliation, margin call handling, BIR form monitoring, audit requirement consolidation, and KYC document collection. The project also provides flexible support to various Settlements Teams to ensure seamless workflow continuity and operational efficiency.

Project Deliverable:

1. Report Preparation

• Collated and reviewed Daily PVP Settlement reports
• Daily Overnight Swaps Settlement reports
• Borrowing and Lending reports

2. Settlement Processing for FX, MM, Derivatives, and FI Products

• Reviewed SWIFT payment instructions
• Executed settlement of PHP, USD, 3rd currencies, REPO transactions, derivatives, and bonds using GUAVA, XACT, and manual processing for products such as JPYPHP and PHP IRS
• Manual updates in GUAVA for SSI of NDF transactions, FX IB spot, borrowing and lending transactions, FCDU lending, RBU borrowing, and bank account updates

3. End-of-Day Check and Balance

• Validated and confirmed treasury system bookings against deal tickets and traders blotters
• Processed transaction entries in Finacle

4. Administrative Support Tasks

• Reviewed and prepared term sheets; coordinated signature requests for NDF, 3RDS, CCIRS, CCRTM, and PHP IRS
• Investigated and resolved transaction and reconciliation issues (DFFB/DFBSP)
• Monitored, collected, and issued BIR Forms 2306 and 2307
• Managed margin calls and withdrawals
• Collected and consolidated KYC documents
• Prepared and organized audit requirement submissions

5. Support to Settlements Teams

• Provided operational assistance to Settlements Teams as required to ensure business continuity and issue resolution

Duration of Engagement: 11 months

Required Skills: Accountability, Adaptability, Analytical, Good Communication Skills, Critical thinking, Teamwork, Willingness to learn