Location TANZANIA
Organization Name KCB Bank Tanzania - HQ
Department Description
The unit has a direct responsibility of ensuring that all clearing operations and transactions are carried out in a manner consistence with the set local clearing rules. Also responsible for the management of all risks relating to clearing and ensure taht losses are minimized or eliminated.
Brief Description
1.Authorization and generation outwards and inwards clearing files into core banking and clearing systems for further process to central Bank
2.Authorization of auto rejected/ unpaid cheques and technical verification of items.
3.Review of clearing transactions to ensure effective and efficient processing of files
4.Authorization of settlement transactions into T24 as per set limits.
Detailed Description
1. Verification and authorization of all clearing transactions within the designated limits of the position
2.Mitigate all risks that may arise from clearing transactions and operations, through proactive confirmation of all material value transactions
3. First contact for all clearing inquiry from local banks, and where necessary, lead first investigation for all queries relating to clearing
4. Generation of system outward unpaid clearing cheques rejected for fund
5.Manage all systems relating to clearing (T24, MIPPS) to ensure that clearing operations are not interrupted
6. Review of clearing process and procedure to ensure service are updated to meet the current demant
7.Monitoring and indentification of discrepancies to ensure timely reversal.
Job Requirements
Academic & Professional
Education
- Bachelor’s degree.
- Postgraduate degree (MBA/MSc etc)
Professional/Qualification
- Strong interpersonal skills
- Customer Service Skills
- A good communication skills
Experience
- A minimum of 3 years, Operations and or Clearing
- Knowledge of banking and regulatory prudential guidelines.
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