Head of Reconciliation

Job Description:

  • • Responsible for managing settlement, funding and daily production of reconciliations supporting the business and other stake holders. • Ensure Daily Bank reconciliations for third party payments and collections with all the systems involved and further data sharing with all relevant teams for settlement, adjustment and complaints handling. • Ensure Daily Bank reconciliation with correspondent Banks, Internal Accounts, Corporate Clients, Merchants, Nano Landing, Insurance products and all other products involving movement of funds from one place to another, with end to end data sharing to all stakeholders. • Daily Clearing Settlement Reconciliation with Correspondent Bank. Responsible to manage and clearing of pending transaction in systems on daily basis. • Ensure complete understanding of Code of Conduct and maintain strict adherence. Identify process for digitization and ensure implementation of the bank’s digital agenda and train the operations staff accordingly. Interaction with Internal Teams (Business/ IT/ Finance) for any development/enhancement in system. • Ensure compliance with Bank’s policies and procedures as well as SBP/prudential regulations for smooth conduct of Branchless Banking Operations efficiently and consistency • Ensure compliance with Bank’s policies and procedures as well as SBP/prudential regulations for smooth conduct of Branchless Banking Operations efficiently and consistently. • Liaison with Internal teams and business partners. • Lead and oversee a team of reconciliation specialists, providing guidance, support, and training as needed. • Develop and implement robust reconciliation procedures to ensure the accuracy and completeness of financial records. • Stay abreast of emerging technologies and tools in the field of reconciliation, exploring opportunities for automation and optimization. • Manage dispute resolution processes related to reconciliation discrepancies, working closely with internal stakeholders to address issues promptly and effectively

  • • Responsible for managing settlement, funding and daily production of reconciliations supporting the business and other stake holders. • Ensure Daily Bank reconciliations for third party payments and collections with all the systems involved and further data sharing with all relevant teams for settlement, adjustment and complaints handling. • Ensure Daily Bank reconciliation with correspondent Banks, Internal Accounts, Corporate Clients, Merchants, Nano Landing, Insurance products and all other products involving movement of funds from one place to another, with end to end data sharing to all stakeholders. • Daily Clearing Settlement Reconciliation with Correspondent Bank. Responsible to manage and clearing of pending transaction in systems on daily basis. • Ensure complete understanding of Code of Conduct and maintain strict adherence. Identify process for digitization and ensure implementation of the bank’s digital agenda and train the operations staff accordingly. Interaction with Internal Teams (Business/ IT/ Finance) for any development/enhancement in system. • Ensure compliance with Bank’s policies and procedures as well as SBP/prudential regulations for smooth conduct of Branchless Banking Operations efficiently and consistency • Ensure compliance with Bank’s policies and procedures as well as SBP/prudential regulations for smooth conduct of Branchless Banking Operations efficiently and consistently. • Liaison with Internal teams and business partners. • Lead and oversee a team of reconciliation specialists, providing guidance, support, and training as needed. • Develop and implement robust reconciliation procedures to ensure the accuracy and completeness of financial records. • Stay abreast of emerging technologies and tools in the field of reconciliation, exploring opportunities for automation and optimization. • Manage dispute resolution processes related to reconciliation discrepancies, working closely with internal stakeholders to address issues promptly and effectively

  • • Proficient in MS Office • Team Leadership and Targets • Reconciliation Accuracy • Automation/ Digitalization and Process Improvement • Audit & Compliance • Disputed Transaction Resolution, enhancing overall customer satisfaction and reducing complaints.

  • • Proficient in MS Office • Team Leadership and Targets • Reconciliation Accuracy • Automation/ Digitalization and Process Improvement • Audit & Compliance • Disputed Transaction Resolution, enhancing overall customer satisfaction and reducing complaints.

Job Specifications:

  • Bachelor’s , however ACCA/CA will be preferable

  • Bank Operations

  • Strong understanding of settlement processes and reconciliation principles. Proficiency in financial systems and software used for reconciliation. Excellent analytical and problem-solving skills. Effective communication skills for coordinating with v

  • Familiarity with banking software and platforms used for transaction processing. Ability to quickly learn and adapt to new software tools and technologies. Knowledge of database management systems for retrieving and analyzing financial data.

Job Locations:

  • Islamabad Expressway Office
Short Description
  • Job Type:

    Permanent
  • Job Experience:

    7.00 years
  • Positions:

    1
  • Posted On:

    Mar 28, 2024
  • Last Date:

    Apr 03, 2024