| JOB NAME |
Assistant Manager, Settlement & Operations (PAPSS) [Cairo, Egypt]
POSTED BY: African Export and Import Bank AFREXIMBANK Egypt
REF:AFREXIM 2017
Date Published:Tuesday, November 12, 2024
Date of Expiration:Sunday, May 11, 2025
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| LOCATION OF THIS JOB |
 Egypt | CAIRO in Egypt |
| INDUSTRY |
| DEVELOPMENT FINANCE INSTITUTIONS
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| JOB TYPE |
| Full-Time |
| MAIN JOB DESCRIPTION |
Working time Full-time
Posted 23 hours ago
Location Cairo, Egypt
Deadline 11/25/2024
Reference MTSO11
ROLE
1. 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.
2. 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.
RESPONSIBILITIES:
PAPSS Reconciliations and Investigations:
1. Responsible for all PAPSS settlement Vostro reconciliations daily.
2. Daily reconciliation of PAPSS Marketplace bank accounts and other general Vostro administration functions.
3. 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.
4. Responsible for ensuring that all matters are closed and highlighted in the PAPSS end-of-day report
5. Ensuring smooth, timely and hitch-free participants funding of PAPSS settlement accounts.
PAPSS Reporting, Team management and Communication:
1. Providing periodic PAPSS Settlement reporting to Manager Operations as and when required.
2. 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
3. Daily processing & control of related financial transactions (inward/outward) in accordance with documented procedures.
4. Ensure all payments and settlements are made on time in accordance with local cut-off times and documented procedures.
5. Accurate tracking and settlement of client instructions within defined SLA.
6. Manage and control all incoming participant queries and provide a holding response within SLA.
7. PAPSS Instant Payment System Settlement Data Ownership and Custody.
8. Monitor and report daily position of participants’ settlement LCY accounts in PAPSS.
9. Daily verification, matching of all clearing, Nostro and settlement accounts in PAPSS.
10. Preparation of daily, weekly, and monthly reconciliations reports for management.
11. Review PAPSS operations and ensure compliance with policies and procedures and country regulatory requirements.
12. Provide support on audit issues pertaining to PAPSS operations, including management response, follow up, correction and reporting.
Compliance Responsibilities:
1. Understand and adhere to the PAPSS/Bank’s AML, Regulatory and Conduct Compliance policies and procedures.
2. Report any suspicious or non-compliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department.
3. Complete the Annual Compliance Training/Assessment.
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| REQUIREMENTS FOR THIS JOB |
QUALIFICATION AND SKILL
1. Master’s Degree in Accounting, Banking or financial management.
2. At least 5 years of professional experience in Operations, Settlement, Payment & Reconciliation department of a bank or fintech with a strong focus on cross border Payment for trade & services, preferably at a regional or continental level.
3. Excellent verbal and written communication skills in English. Another language such as French or Arabic is an added advantage.
4. Operational experience in a financial department with significant systems exposure.
5. Excellent and demonstrated knowledge of messaging standards (eg, MT202, MT210, MT103 etc).
6. Excellent and demonstrated knowledge of ISO 20022 MX messaging (eg. PACS.008, PACS.003 etc).
7. Sound knowledge of banking operations, procedures, confidence working with numbers, confidentiality and integrity, teamwork, organization, and decision making.
8. Excellent Knowledge of trade products and procedures like LC, LG, documentary collections etc.
9. Proficiency level: use of Microsoft Excel, PowerPoint, QuickBooks, Sage, SAP, Oracle NetSuite, ReconArt etc
Afreximbank’s Core Values:
1. Commitment to Africa and supporting the emancipation and empowerment of Africans
2. Uncompromising integrity
3. Passion for Learning and Drive
4. Teamwork
5. Trust and Respect for the Individual
6. Innovation, Excellence and Flexibility
7. Professionalism and Responsiveness
Contractual information:
1. Permanent
2. Willing and able to relocate to Cairo for the opportunity.
3. Suitably qualified candidates from all African nationalities are encouraged to apply.
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English 
FRENCH
