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Assistant Manager CMD & Clearing

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Industry:
Banking/Financial Services
Total Position:
1
Job Type:
Full Time/Permanent ( First Shift (Day) )
Department:
Operations
Job Location:
Islamabad
Gender:
No Preference
Minimum Education:
Masters
Degree Title:
Preferably Masters (major in Finance or similar discipline).
Career Level:
Experienced Professional
Minimum Experience:
3 Years(Minimum three year Banking experience (preferably in CMD, Reconciliation, F&A).)
Apply By:
Jun 20, 2018
Posted On:
Jun 7, 2018
Job Description

Job Objective:

  • AM CMD & Clearing is responsible for management and coordination for availability of Cash for KMBL branches and overseeing CMD & Clearing reconciliation Desks. Ensuring transactional reconciliation for all transactions related to Clearing and Withholding Tax. AM CMD & Clearing will also be responsible to guide KMBL branches for effective Cash Management.

Key Responsibilities

1.    Processing of Cash Management requests

  • Supervise the CMD function for timely correspondence of daily cash requirement requests from KMBL branches.
  • Ensuring separate processes for different CMD channels (MCB, UBL, SBP) in line with agreed SLAs. 
  • Coordinate with F&A and relevant teams (banks) for availability of required funds.
  • Correspond with KMBL branches for effective delivery of Cash.
  • Coordinate with all stakeholders to meet emergency Cash requests.

2.    Enrolment of newly opened KMBL Branches under CMD arrangement

  • Coordinate with respective Area Office’s and respective bank (MCB/UBL) to ensure timely enrolment of newly opened KMBL branches under CMD arrangements.
  • Assist and guide KMBL branches for better and timely coordination with respective local bank branches, enhancing effective minimum hiccups. 

3.    Clearing Transactional reconciliation

  • Supervise/oversea Clearing Transactional reconciliation processes, ensuring reconciling items are highlighted on timely basis.
  • Be the focal point of contact for coordination between KMBL Branches, NIFT, Sub-clearing agents and SBP for appropriate transaction recording.
  • Supervise Non-NIFT KMBL branches for Clearing Transactional processing & settlement.

4.    Dispute Management

  • Ensure coordination & resolution of complaints related to Clearing Transactions, processes.
  • Coordination with KMBL branches, F&A, NIFT Operations Desk, SBP etc. for resolution of issues within allotted turnaround time (TATs).
  • Ensure maintenance MIS of logged calls/ issue resolution & periodically report.

5.     Coordination with NIFT and MCB over Clearing related issues

  • Supervise the 2nd level escalation for effective coordination with NIFT and MCB/UBL for issues related to clearing, reconciliation between KMBL, MCB and NIFT, and other issues arising from time to time for earlier and effective closure.

6.    Coordination with Audit Teams

  • Coordinate with internal / external audit & SBP inspection teams and provide support in timely resolution of audit/inspection findings.

Knowledge, Skills, Abilities & Other attributes

  • Preferably Masters (major in Finance or similar discipline).
  • Minimum three year Banking experience (preferably in CMD, Reconciliation, F&A).
  • Proficient in handling credit documentation & Insurance claim procedures.
  • Sound knowledge of financial transactions.
  • Good time management skills.
  • Strong PC skills including spreadsheet and word processing
  • Preferably local candidate.

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