Job Description
This role is responsible for reconciling Nostro ,RTGS settlement and clearing accounts,alternative delivery channels and control accounts, deposit confirmations.
Reconciliations
Reconcile Nostro, RTGS settlement and clearing accounts,ADC and other control accounts.
Ensure that all Settlements for transactions through various channels (Western Union, POS ,ATMS) have been made, transfers to respective Gls and bank charges are posted.
Ensure reconciling items are investigated and resolved.
Develop, enhance and review reconciliations processes and procedures.
File monthly bank and agency reconciliation reports/Statements.
Confirmation & monitoring of deposits
Daily monitoring of deposits in banks
Updating branches/departments on unposted items
Bankers /Outward cheques monitoring and banks confirmations.
ALM Policy
Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable during reconciliations and confirmation of incoming funds
Reporting
Preparation of ageing reports
Preparation of other assets and liabilities schedules
Other Roles & responsibilities
Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.
preparation of Adhoc or special purpose management reports
Degree in Business related Studies and/or
Education
Degree in Business related Studies and/or CPA (K) /ACCA
2 years’ Experience-Knowledge in Automated reconciliation system an added advantage
Skills
Alternative Delivery Channels, Automated Teller Machines (ATMs), Business, Management Reporting, Reconciliations
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