Stanbic IBTC recruiting settlement officer

Settlement Officer Job ID 11675 Location Nigeria Division Position Category Group Operations Control Employment Type Full Time - Permanent Shift No Regulatory Approval Yes Post Closing Date Jul 17, 2013 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 Apply at https://careers.peopleclick.com/careerscp/client_standardbank/external/jobDetails.do?functionName=getJobDetail&jobPostId=23918&localeCode=en-us