JOB SUMMARY:

The overall responsibility of this role is maintenance of the bank nostro and In-house accounts within Central and Branch operations. This encompasses reconciliation, investigation, root cause analysis and ultimately resolution of all outstanding items, as well as daily MI reporting to stakeholders.

KEY RESPONSIBILITIES:

Operational - 70%

• Daily MIS Reporting of all unresolved items to be sent out to relevant stakeholders within the agreed time frames.
• Monitor daily exceptions and manual processes to ensure automation and streamlining of reconciliation processes.
• Ensuring that all manual matching is of a high standard with no tolerance for incorrect matches.
• Investigate any items that is not matched and contacting the relevant party for resolution.
• Identification and escalation of suspicious/fraudulent transactions in order to prevent potential losses.
• Identification and escalation of any breach in current procedure/processes in order to prevent potential losses.
• Continuously strive to improve knowledge of reconciliation processes within the stakeholders.

Financial - 10%

• Monitoring, escalating and closure of open items in the reconciliations that may lead to a potential operational loss.

Control and Compliance - 20%

• Ensure compliance with both internal and external regulatory requirements.
• Work closely with risk and compliance units to ensure effective controls are in place to mitigate any potential operational losses.

KEY RELATIONSHIPS: 

Direct Reports to this Position

• None

Customers of this Position

• Branches
• Clearing
• Trade operations
• Treasury operations
• Payments
• Cash Centre
• MTS
• Cards operations
• Digital banking
• Custodial services
• Finance

Knowledge; Skills and Experience required for this Role

Job Knowledge:

• Good Knowledge of reconciliation processes, business rules procedures.
• Ability to liaise effectively with all stakeholders.
• Excellence knowledge of Microsoft excel.
• Good Knowledge of anti-money laundering (AML) procedures.
• Good knowledge of operational risk procedures.

Job Experience:

• 1 year experience in banking operations role.

Education:

• A degree In Accounting or Finance from a recognized institution.
• Computer literacy (word, excel).

Competencies required for this Role

• Working with people
• Analytical skills
• Planning and  Organizing
• Following Instructions and  Procedures
• Pro-activeness
• Attention to detail.
• Ability to meet deadlines and identify priority areas.

Budgetary Responsibilities

• Ensure Bank resources within the Unit are utilized appropriately