Settlement Officer

Job Summary

The ideal candidate will facilitate treasury settlements, cash flow management and electronic funds transfer (EFT) functions in a prompt and efficient manner which are critical to the operational running of the company.

  • Minimum Qualification: Degree
  • Experience Level: Mid level
  • Experience Length: 2 years

Job Description/Requirements

  • Timely processing of payment and settlements, providing best client services possible to ensure satisfactory delivery for the company’s clients
  • Maintain a complete and current database of settlement details with approved counterparties.
  • Support the line manager in ensuring that all colleagues in the team are fully cross-trained and that all processes are adequate and well documented
  • Be the key point of client contact and accountable to help address clients" requests
  • Assist with projects related to the continuous improvement of the Function.
  • Work in close conjunction with the operational team and other internal functions to achieve the best possible outcome for the customer
  • Monitor and facilitate successful trade settlements through all systems and tools available
  • Support the maintenance of the Function’s Policies and Procedures.
  • Contribute to operational risk management in the day-to-day job activities.
  • Where required, assist with all inbound and outbound payment transactions so that they are duly input and verified in accordance with customers’ authorized signature, account balance, and compliance
  • Release payments onto the system within the allocated limit
  • Repair all message failures advised by IT
  • Performs all the relevant checks according to the Financial Crime Prevention Policy
  • Process the settlement of Treasury and Market transactions and record for cash position purposes. Agree balances with Treasury under the terms outlined in the Service Level Agreement

Requirements:

  • Minimum of BSC in Banking and Finance or other related courses.
  • Minimum of 2-4 years working experience in a Fintech organization or related field
  • Demonstrate awareness of standard business practices and an ability to quickly understand the business and Payments Processing
  • Fundamental experience in the Front to Back Office process flow for all Treasury Operations  settlement including Securities
  • Experience of assisting in implementation of changes to systems, processes and procedures will be an advantage
  • Excellent understanding of the Securities sphere: Bonds, T Bills in terms of processing and settlement.
  • Have a strong focus on continual learning and application of Regulatory requirements
  • Exceptional skills in financial policies and settlement

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