Afreximbank: Assistant Manager, Settlement & Operations (PAPSS)

Reference No. MTSO11 Afreximbank: Assistant Manager, Settlement & Operations (PAPSS) – Cairo, Egypt

CA Global Headhunters has been retained by the Afreximbank based in Cairo, Egypt to recruit for this position. For more information on the Afreximbank please visit their website  www.afreximbank.com . Should you meet the minimum requirements and wish to apply for the position please apply directly to CA Global Headhunters. Reference Number: MTSO11 Responsibilities:

Expérience

The candidate must have a detailed real-world understanding of Retail payment systems gained in a bank or similar financial institution such as Switches and Payment Service Provider (PSPs) with vast experience in instant payments. The chosen candidate will be responsible for daily supervision of PAPSS Operations, Settlement activities and Reconciliations of PAPSS Vostro accounts with the commercial banks and central banks. Engagement of all PAPSS participants (Banks, switches & PSPs), ensuring timely resolution of PAPSS operational issues. PAPSS Reconciliations and Investigations: Responsible for all PAPSS settlement Vostro reconciliations daily. Daily reconciliation of PAPSS Marketplace bank accounts and other general Vostro administration functions. Responsible for the investigation and resolution of any claims or queries relating to the PAPSS participants' activities on the Instant Payment System, Marketplace and any other PAPSS Products. Responsible for ensuring that all matters are closed and highlighted in the PAPSS end-of-day report Ensuring smooth, timely and hitch-free participants funding of PAPSS settlement accounts. PAPSS Reporting, Team management and Communication: Providing periodic PAPSS Settlement reporting to Manager Operations as and when required. Responsible for maintaining effective communication channels with participating entities, Afreximbank Treasury and colleagues including Senior PAPSS Management on matters that relate to PAPSS settlement activities Daily processing & control of related financial transactions (inward/outward) in accordance with documented procedures. Ensure all payments and settlements are made on time in accordance with local cut-off times and documented procedures. Accurate tracking and settlement of client instructions within defined SLA. Manage and control all incoming participant queries and provide a holding response within SLA. PAPSS Instant Payment System Settlement Data Ownership and Custody. Monitor and report daily position of participants' settlement LCY accounts in PAPSS. Daily verification, matching of all clearing, Nostro and settlement accounts in PAPSS. Preparation of daily, weekly, and monthly reconciliations reports for management. Review PAPSS operations and ensure compliance with policies and procedures and country regulatory requirements. Provide support on audit issues pertaining to PAPSS operations, including management response, follow up, correction and reporting. Compliance Responsibilities: Understand and adhere to the PAPSS/Bank's AML, Regulatory and Conduct Compliance policies and procedures. Report any suspicious or non-compliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department. Complete the Annual Compliance Training/Assessment. Requirements : Qualification and Skill Master’s Degree in Accounting, Banking or financial management. At least 5 years of professional experience in Operations, Settlement, Payment & Reconciliation department of a bank o

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