Senior Officer - Settlement & Reconciliation

Role : Senior Officer - Settlement & Reconciliation
Location : Abu Dhabi

Role Purpose:

• Manage All financial transactions related to credit & debit cards handling the settlement and reconciliation

Key Accountabilities of the role

1. Review Visa Fees Reconciliation report for Covered Cards and Debit Cards.
2. Perform QA offshore Settlement Recon Department samples and ensure activities done correctly in QC sampling.
3. processing Payment files and EOD in prime system.
4. Review and prepare Cards Settlement department Dashboard report.
5. Perform QC reconciliationGeneral Ledger Accounts related to the Card settlement Department activities.
6. Preparation of Visa Monthly and Quarterly Fees JV and ensure all fees booked properly for all GL accounts and Stakeholders accounts.
7. Prepare Monthly MIS reporting and cards usages for Covered Cards and debit cards & Prepaid Cards.
8. Perform quarterly Visa and Master Cards Scheme reporting and ensure submission done properly.
9. Work with Cards center Team on new projects and system enhancement to STP process.
10. Supervise Settlement Department team support them to achieve their targeted goals and activities.
11. Daily Follow up with Offshore Team on different Job Tasks like JVs Submission Visa files processing in Genius update new SREs to JVs update Monthly JV.
12. Daily reporting Settlement Advice for Visa international usage and insure its been submitted to Vendor by STP process through FTS.
13. Maintain daily communication with Business Team.
14. Back up activity for the team.

RESULTS REQUIERD:

1. Review and verify daily QC settlement activities Processing of VISA/MasterCard by performing daily QA for Settlement department.
2. Ensure daily Visa Fees reconciliation completion and ensure reconciliation done properly.
3. Submitting Visa and Master Cards Quarterly reporting.
4. Submitting Quarterly Central Bank reporting to FCD.
5. Review and send Visa and Master Monthly and Quarterly fees JV booking to Offshore Settlement Dept. and ensure posting JV done before end of month.
6. Compliance of policies & procedures Comply and perform Key operational controls as required in ADIBs polices & procedures in day-to-day operations

Specialist Skills / Technical Knowledge Required for this role:

1. Knowledge of UAE banking practices regulations & risks
2. Knowledge of Anti-Money laundering regulations issued by the UAE Central Bank and other regulatory authorities
3. Good knowledge of customer service standards
4. Good knowledge of the Banks Credit Card Issuance Policy & Procedures
5. Knowledge of VISA and MasterCard Products Transactions & Settlements
6. Good Communication Skills
7. Management Information Skills
8. Computer skills