Afreximbank: Assistant Manager Settlement & Operations (PAPSS) – Cairo Egypt
CA Global Headhunters has been retained by the Afreximbank based in Cairo Egypt to recruit for this position. For more information on the Afreximbank please visit their website . Should you meet the minimum requirements and wish to apply for the position please apply directly to CA Global Headhunters.
Reference Number: MTSO11
Responsibilities:
- The candidate must have a detailed realworld understanding of Retail payment systems gained in a bank or similar financial institution such as Switches and Payment Service Provider (PSPs) with vast experience in instant payments.
- The chosen candidate will be responsible for daily supervision of PAPSS Operations Settlement activities and Reconciliations of PAPSS Vostro accounts with the commercial banks and central banks. Engagement of all PAPSS participants (Banks switches & PSPs) ensuring timely resolution of PAPSS operational issues.
- PAPSS Reconciliations and Investigations:
- Responsible for all PAPSS settlement Vostro reconciliations daily.
- Daily reconciliation of PAPSS Marketplace bank accounts and other general Vostro administration functions.
- Responsible for the investigation and resolution of any claims or queries relating to the PAPSS participants' activities on the Instant Payment System Marketplace and any other PAPSS Products.
- Responsible for ensuring that all matters are closed and highlighted in the PAPSS endofday report
- Ensuring smooth timely and hitchfree participants funding of PAPSS settlement accounts.
- PAPSS Reporting Team management and Communication:
- Providing periodic PAPSS Settlement reporting to Manager Operations as and when required.
- Responsible for maintaining effective communication channels with participating entities Afreximbank Treasury and colleagues including Senior PAPSS Management on matters that relate to PAPSS settlement activities
- Daily processing & control of related financial transactions (inward/outward) in accordance with documented procedures.
- Ensure all payments and settlements are made on time in accordance with local cutoff times and documented procedures.
- Accurate tracking and settlement of client instructions within defined SLA.
- Manage and control all incoming participant queries and provide a holding response within SLA.
- PAPSS Instant Payment System Settlement Data Ownership and Custody.
- Monitor and report daily position of participants' settlement LCY accounts in PAPSS.
- Daily verification matching of all clearing Nostro and settlement accounts in PAPSS.
- Preparation of daily weekly and monthly reconciliations reports for management.
- Review PAPSS operations and ensure compliance with policies and procedures and country regulatory requirements.
- Provide support on audit issues pertaining to PAPSS operations including management response follow up correction and reporting.
- Compliance Responsibilities:
- Understand and adhere to the PAPSS/Bank's AML Regulatory and Conduct Compliance policies and procedures.
- Report any suspicious or noncompliant activities or matters relating to the Bank’s staff or the customers to the Compliance Department.
- Complete the Annual Compliance Training/Assessment.
Requirements: Qualification and Skill
- Master’s Degree in Accounting Banking or financial management.
- At least 5 years of professional experience in Operations Settlement Payment & Reconciliation department of a bank or fintech with a strong focus on cross border Payment for trade & services preferably at a regional or continental level.
- Excellent verbal and written communication skills in English. Another language such as French or Arabic is an added advantage.
- Operational experience in a financial department with significant systems exposure.
- Excellent and demonstrated knowledge of messaging standards (eg MT202 MT210 MT103 etc).
- Excellent and demonstrated knowledge of ISO 20022 MX messaging (eg. PACS.008 PACS.003 etc).
- Sound knowledge of banking operations procedures confidence working with numbers confidentiality and integrity teamwork organization and decision making.
- Excellent Knowledge of trade products and procedures like LC LG documentary collections etc.
- Proficiency level: use of Microsoft Excel PowerPoint QuickBooks Sage SAP Oracle NetSuite ReconArt etc
Afreximbank’s Core Values:
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- Commitment to Africa and supporting the emancipation and empowerment of Africans
- Uncompromising integrity
- Passion for Learning and Drive
- Teamwork
- Trust and Respect for the Individual
- Innovation Excellence and Flexibility
- Professionalism and Responsiveness
Contractual information:
- Permanent.
- Willing and able to relocate to Cairo for the opportunity.
- Suitably qualified candidates from all African nationalities are encouraged to apply.
If you wish to apply for the position please send your CV to Matthew Taylor at
Please visit for more exciting opportunities.
Matthew Taylor
Recruitment Consultant
Finance Fintech & IT
CA Global will respond to shortlisted candidates only. If you have not had any response in two weeks please consider your application unsuccessful however your CV will be kept on our database for any other suitable positions.