Settlement Officer at Stanbic IBTC Bank

Posted on Thu 04th Jul, 2013 - hotnigerianjobs.com --- (0 comments)

Stanbic IBTC Bank is Africa’s largest bank by assets. The Group delivers banking and related financial services that help strengthen Africa’s connections to key markets, and in turn enhance those markets’ connections to Africa. Standard Bank Group has wide representation that spans 17 African nations and 13 countries outside of Africa. The Group has more than 1 000 branches on the African continent and representation in key global financial centres.

The Group’s 53 000 employees around the world deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management. Standard Bank's Corporate & Investment Banking division offers its clients banking, trading, investment, risk management and advisory services to connect selected emerging markets to Africa and to each other. It has specific global sectoral expertise, particularly in natural resources, with value propositions in: mining and metals; oil and gas; power and infrastructure; and telecoms and media.

We are recruiting to fill the above position of:

Job Title: Settlement Officer

Job ID: 11675
Location: Nigeria

Position Description
Purpose of Job
To support the Team Leader, Settlements and confirmations, and Head, Custody Operations, in providing quality service to clients in the areas of trade matching and settlements of trades.

Key Responsibilities

Clear understanding of MasterCard and Visa settlement process and procedures.
Understanding of governing principles and rules of card settlement
Ensure timely Settlement of Card transactions
Responsibilities for card suspense accounts (to be cleared daily)
Balance incoming and outgoing transaction reports against settlement values received from the associations.
Apply correct entries to relevant Settlement, Expense or Revenue accounts daily
Responsible for ensuring that existing internal controls and regulatory policies over the settlement process are strictly adhered to
Ensure that merchant transactions are posted into appropriate GL and accounts
Prompt funding of Nostro account in conjunction with Global market team
Ensure appropriate bills/credit from MasterCard and Visa also are processed daily to Expense and Revenue account appropriately
Ensure Reconciliation Dashboard is properly produced and submitted timely to the appropriate units

Required Skills and Qualifications
Education

University degree
Market Relevant Qualifications

Required Competencies

Sound Card settlement specific knowledge
Excellent use of MS Office Applications such as Microsoft Word and Microsoft Excel
Ability to work well within a team, towards a shared goal
Ability to work under pressure grappling with different tasks
Ability to motivate others within the team to ensure optimal productivity and service delivery
Creative in looking for and suggesting improvements
Ability to convey factual information clearly and accurately
Self-motivated
Integrity
Customer service oriented
Good verbal and written communication skills
Ability to remain calm under pressure Methodical, organised, accurate and pays attention to details
A general knowledge of accounting principles
We are an equal opportunities employer and are totally opposed to discrimination in any form. It is our policy to provide equal employment opportunities for all employees regardless of race, sex, colour, nationality, national or ethnic origin, sexual orientation, marital / partnership status, religion, age or disability.

Application Closing Date
17th July, 2013

Method of Application
Interested and qualified candidates should:
Click here to apply online

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