Officer Funds Transfer processes local and international payment transactions and account reconciliations, requires a Business Degree and 1-2 years funds transfer experience. Full-time role in Nairobi.
Job Overview
The officer – Funds Transfer is responsible for the
accurate and timely processing of payment transactions within the Document
Management System (DMS). The role ensures compliance with the Bank’s internal
policies, Central Bank of Kenya (CBK) prudential guidelines, and international
trade finance standards.
Responsibilities
Processing of Funds Transfer Instructions
(70%)
Review
payment instructions received through the Document Management System (DMS) to
ensure they are valid, complete, and compliant with the Bank’s policies and CBK
Prudential Guidelines.
Liaise
with branches and relevant stakeholders to obtain clarification where
necessary.
Perform
due diligence checks in accordance with established procedures.
Liaise
with Branches, Correspondent Banks, Business Development, Credit
Administration, and Treasury to facilitate smooth transaction processing.
Ensure
all outward payment instructions received from sister banks are processed
efficiently and within agreed turnaround times.
Ensure
all inward payments are credited accurately, promptly, and without financial
loss.
Receive
and respond promptly to payment-related queries from branches, Head Office
departments, correspondent banks, and other financial institutions.
Claim
correspondent bank charges through MT191 messages for all incoming payments.
Customer Service (20%)
Serve as
the point of reference for payment-related enquiries from both internal staff
and external clients.
Provide
professional advice on payment transactions and related banking services.
Advise
correspondent banks regarding draft cheques received from branches.
Process
stop-payment instructions for bank drafts where applicable.
Audit and Compliance (10%)
Monitor
Nostro accounts and CBK statements to facilitate reconciliation and ensure
timely clearance of outstanding payment-related items.
Perform
daily reconciliation of incoming RTGS suspense accounts to ensure timely
resolution of outstanding entries.
Ensure
full compliance with internal policies, regulatory requirements, and
operational risk management procedures.
Maintain
accurate records for audit and regulatory review purposes.
PERSON SPECIFICATIONS
Academic Qualifications
Bachelor’s
degree in a Business-related field from a recognized institution.
Any
payment related certification.
Work Experience Required.
1 – 2
years’ relevant experience in a similar organisation.
Behavioral Competencies
Attention
to detail
Customer
focus
Integrity
Teamwork
Communication
skills
