The Senior Settlements Officer, Domestic Settlements (Senior Business Analyst 2) is a vital member of the Domestic Settlements Section. The primary purpose of this role is to participate in the section's operations to ensure that Open Market Operations (OMO) settlements and Government Securities interests and redemptions payments are processed effectively and efficiently among other things.
Key Duties and Responsibilities
Strategic Responsibilities
- Contribute as appropriate to the performance of the function and to the overall achievement of the Bank’s strategic objectives.
- Work effectively as part of the team to deliver on the Key Result Areas and demonstrate competencies of the role.
Technical and Operational Responsibilities
- Process OMO transactions.
- Monitor and advise on the funding of Government Securities payment accounts.
- Follow up on funding of cash call ups from the National Treasury.
- Manage and advise on IRA un-cancelled lien accounts.
- Manage and advise on returned funds.
- Ensure control of deceased investor accounts.
- Handle rediscount of REPO and RESO transactions.
- Prepare interest and redemption payments of government securities.
- Monitor transactions related to government securities payments for interest and redemptions.
- Settle transactions related to returned funds, deceased investor funds, and IRA un-cancelled liens.
- Prepare tax payments on interest.
- Initiate payment investigations where necessary.
- Adhere to finance policies and guidelines and internal controls.
- Report on any risks emanating from the payment process and work to mitigate the identified risks by process review and improvements.
Other Responsibilities
- Any other assigned duties and responsibilities.
Qualifications and Experience
Qualifications
- Bachelor’s Degree in Accounting, Business, Finance, Economics or Banking or a similar field.
- Clear understanding of Financial Markets, Banking, and relevant emerging issues in:
- National, regional, and international regulatory and statutory requirements.
- Monetary Policy implementation.
- Government borrowing.
- Securities Settlements operations.
Work Experience
- Three (3) years of relevant work experience.
