Payments and Settlement Officer
Closing Date:
Friday, March 9, 2018
Location of the Job:
Namibia
Purpose of the Job:
To ensure the efficient processing and control of Payments and Settlement functions in accordance with established procedures with additional daily tasks as directed by the departmental Supervisor / Manager.
Key Accountabilities:
• Daily processing, control of related financial transactions and inward / outward EFT, Cards and NISS transactions in accordance with documented procedures and in accordance with the various settlement windows (Namclear, NISS)
• Ensure all payments and settlements are made on time in accordance with local cut-off times and documented procedures
• Monitor and report daily position of Bank of Namibia settlement accounts
• Provide Supervisor with updated information on outstanding items to minimise risk.
• Daily verification, matching of all clearing and settlement accounts (EFT Suspense, Unpaids etc.) and investigate / query all outstanding and unmatched / open entries.
• Monitor and provide supporting comments daily, weekly and monthly on aging entries outstanding on the clearing related accounts to Supervisor
• Running and execution of daily reports
• Preparation of daily, weekly and monthly reconciliations for submission to Supervisor (as per departmental and Finance department reconciliation plan)
• Prompt and accurate delivery of funds to customers and banks to create a positive corporate image and minimise claims.
• Filing and Archiving: maintain and manage treasury and settlement files, bank records, financial logs and reports
• Maintain, manage and update settlement data
• Review and ensure compliance with policies and procedures and country regulatory requirements
• Provide support on audit issues pertaining to operational issues, including management response, follow up, correction and reporting
• Complete training and development activities including mandatory AML training
• All other duties aligned with Payments and settlements as directed by Management,
• Involvement/participation and testing of projects activities within the payments and settlements space affecting the bank and/or industry.
Knowledge and Experience Required of Job Holder:
• Grade 12 certificate with 25 points
• Demonstrate a good level of ability in both English and Mathematics
• Minimum of 2 years’ experience in a banking operations / treasury, payments and settlement environment
• Proficiency with Microsoft suite of products primarily word and Excel Spreadsheet
• Hands-on knowledge of Operational control / Reconciliation functions
• Attention to detail
• Problem Analysis
• Time Management, Planning & Organization Skills
• Ability to multi task, work under pressure and to tight deadlines
• Quality and customer focus
Apply: