Operation Officer Reconciliation- Faulu MFB at Old Mutual Kenya

Job Description

This role is responsible for reconciling Nostro ,RTGS settlement and clearing accounts,alternative delivery channels and control accounts, deposit confirmations.

Reconciliations

• Reconcile Nostro, RTGS settlement and clearing accounts,ADC and other control accounts.
• Ensure that all Settlements for transactions through various channels (Western Union, POS ,ATMS) have been made, transfers to respective Gls and bank charges are posted.
• Ensure reconciling items are investigated and resolved.
• Develop, enhance and review reconciliations processes and procedures.
• File monthly bank and agency reconciliation reports/Statements.

Confirmation & monitoring of deposits

• Daily monitoring of deposits in banks
• Updating branches/departments  on unposted items
• Bankers /Outward cheques monitoring and banks confirmations.

ALM Policy

• Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
• Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable during reconciliations and confirmation of incoming funds

Reporting

• Preparation of ageing reports
• Preparation of other assets and liabilities schedules

Other Roles & responsibilities

• Liaising with internal and External Auditors in carrying out periodical and Year end Audits respectively.
• preparation of Adhoc or special purpose management reports
• Degree in Business related Studies and/or

Education

• Degree in Business related Studies and/or CPA (K) /ACCA
• 2 years’ Experience-Knowledge in Automated reconciliation system an added advantage

Skills

Alternative Delivery Channels, Automated Teller Machines (ATMs), Business, Management Reporting, Reconciliations