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    Operation Officer Reconciliation- Faulu MFB at - Nairobi, Kenya - Old Mutual Kenya

    Old Mutual Kenya
    Old Mutual Kenya Nairobi, Kenya

    Found in: beBee S2 KE - 5 days ago

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    Full time
    Description

    Old Mutual Kenya is based in Nairobi and is part of a larger group that offers solutions in long-term savings, asset management and investment.

    We offer solutions to individuals and corporates underpinned by our core values which are:
    Respect, Integrity, Accountability and Pushing beyond boundaries.
    Responsibilities


    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

    Requirements
    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