JOB SUMMARY
Reporting to the Back Office Unit Head. This individual is responsible for the performance and efficient daily operations of the clearing operations unit in the department.
JOB SPECIFICATIONS
- To validate all clearing transactions (DDACC and Cheque Clearing) and internally raised vouchers.
- System authorisation of transactions
- Ensure accuracy and quick processing of all transactions, in line with standard procedure
- Adherence to the Zambia Electronic Clearing Rules
- Effective and efficient processing of client instructions
- To ensure all clearing transactions are validated in the clearing systems and sent in the respective sessions.
- Coordinate all required tasks for daily successful completion of tasks.
- Ensure that all transactions have been passed correctly by the team and necessary verifications are done.
- To ensure unpaid are returned through the internal system to Zechl on time.
- To ensure technical verification is performed and that amounts match in both words and figures.
- To ensure timely acting to perform callbacks on cheques above threshold limits.
- To ensure there are no missing cheques by checking and comparing totals against items received from the clearing department.
- To ensure YUFIG messages are sent promptly for cheques unpaid for technical reasons.
- To ensure YUGIGs from other banks are acted on promptly and accounts debited.
- To ensure timely acting on YUFIG messages received from other banks.
- To reconcile suspense accounts and ensure that there are no items above the life span.
- To ensure that clearing transactions do not cause excesses on customer accounts.
- To ensure all inwards received for the day are validated and work balanced before the end of the day.
- To investigate and attend to queries pertaining to customer accounts.
- To ensure that clearing transactions conform to money laundering regulations.
MINIMUM ENTRY REQUIREMENTS
- Grade 12 Certificate and/or equivalent (with Mathematics)
- Degree in banking and finance or equivalent from a recognised university.
- At least 1 year experience
OTHER SKILLS AND ATTRIBUTES
- Financial industry knowledge and working experience.
- Knowledge of clearing rules and operation of the internal clearing system.
- Computer literate.
- Good communication skills.
- Strong interpersonal skills to build relationships with staff.
Suitable candidates must send their applications to careers@bayport.co.zm with the position applied for as the email subject, attaching their current CVs and professional/academic certificates.
The closing date for receiving applications is 10th April 2024. Only shortlisted candidates will be contacted.
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