Officer, Clearing Unit

Job : Operations
Primary Location : Africa & Middle East-Egypt-New Cairo
Schedule : Full-time
Employee Status : Permanent
Posting Date : ‎06/Jun/‎2023, ‎7:42:‎30 AM
Unposting Date : ‎16/Jun/‎2023, ‎5:59:‎00 PM

JOB SUMMARY
The Officer, clearing unit represents the Operational role in Cash CJ function
to carry out activities as mentioned below for Retail Products. Also
responsible to execute and supervise all the activities of Payments and
Financial Transacting.
Ensure the key activities mentioned below is performed as per the laid down
procedures and agreed service level agreement with the stakeholders.
* Inward Clearing, Inward Returns
* Outward Clearing, Outward Returns
* Post Dated Cheques

RESPONSIBILITIES*
Processes
* Responsible for executing and supervising the entire clearing process and support the reservist model as and when invoked.
* Authorised to input and authorise normal customer transactions/ financial entries within our Transaction processing systems.
* Receive Cheques from counter/customers and provide acknowledgments.
* Batch preparation and scanning on CBE system.
* Perform UV lamp scrutiny and mandated security features check on all products handled by Clearing. (Clearing /RCMS/Transfer /Collection -Inward /Outward).
* To ensure robust reconciliation of all instruments received and processed through CBE SYSTEM and other systems.
* Responsible for executing and supervising the entire clearing process and support the reservist model as and when invoked.
* Authorised to input and authorise normal customer transactions/ financial entries within our Transaction processing systems.
* Receive Cheques from counter/customers and provide acknowledgments.
* Batch preparation and scanning on CBE system.
* Perform UV lamp scrutiny and mandated security features check on all products handled by Clearing. (Clearing /RCMS/Transfer /Collection -Inward /Outward).
* To ensure robust reconciliation of all instruments received and processed through CBE SYSTEM and other systems.
* Handling the four-cheque return process end to end also marking of good faith and letter generation.
* Authorised to handle cheque returns, defective cheques, return memo's and dispatch process.
* Processing of cheques end to end within our processing systems for Inward & Outward Collection, Special Clearing, Transfer Cheques, security cheques etc and all related activities within the timelines.
* Performing various daily internal reconciliation reports (excluding GRU based suspense account recon).
* To make sure unit related documents/processed cheques are archived & managed well.
* Ensure that turnaround times in respect of processing various transactions are met on a constant basis as per agreed SLA with respective units.
* To ensure that all cheques received in the clearing unit are scanned within the cut off's.
* To handle projects which are related to clearing department with extreme diligence and time frame
* To involve, assist, and manage changes in process within the unit
* To involve, assist and manage BAU and / or UAT testing during system changes which come into the unit.
* To ensure that pending items, if any, are escalated to the Manager /Associate Director, and all concerned.
* Ensure that turnaround times in respect of processing various transactions are met on a constant basis as per agreed SLA with respective units
* To develop key working relationships with internal customers and support units etc.
* To ensure a robust reconciliation of all sorts of instruments received and processed.
* To ensure all queries are responded comprehensively and within a reasonable amount of time.
* To take note of all process improvement and automation opportunities and take it up for implementation in order to make processing more efficient and reduce cost.
* To achieve set targets in terms of Service standard for customer transactions
* To ensure that any Nostro un-reconciled entries escalated are kept to the minimum and are resolved in a timely manner.
* Act as custodian for Bank keys/fire rated room as and when required.
* To develop key working relationships with internal customers and support units etc.
* To ensure & keep all internal and external SLAs & R & R updated all the time.
People & Talent
* Living the values of SCB at all times and adhere to the Group code of conduct.
* Strive to keep the healthy working environment in the unit and with other internal teams.
* Develop good rapport with the stake holder and colleagues from other countries to adopt the best practices
* To promote an environment where all staff develop a sense of involvement in the conduct of their regular work and contribute with the objective of achieving excellence in service quality.
* To get self and team members cross skilled in order to support other units and be future ready.
Risk Management
* To ensure all risk events and near misses are logged & closed in EORP on time.
* To take responsibility of ensuring that all process changes are duly updated in the DOI.
* To ensure that the department gets a satisfactory audit rating in all external / internal reviews
* Avoid revenue leakage and ensure that there are no debits to P&L Accounts without appropriate authority
* To ensure that all risks and losses related to clearing are identified, documented and registered in EORP.
* Ensure all practices within the unit comply with risk and compliance procedures minimizing any operational loss in respect of all activities. Ensure controls are in place and operational risk is managed across the portfolio according to group policy
* Ensure compliance to sanctions, AML, KYC policies periodically given by the group
* Ensure that COPMAN checks are performed daily and updated in system.
* To understand and give inputs on BRD / FS which may be raised for system related changes
* Regulatory Reports
* Ensure that COPMAN checks are performed daily and updated in system.
* Risk are identified, reported and mitigated properly to avoid any negative audit comments or operational losses.
* Ensure escalations are raised as per procedures.
Regulatory & Business Conduct
* Display exemplary conduct and live by the Group 's Values and Code of Conduct.
* Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
* Lead to achieve the outcomes set out in the Bank's Conduct Principles
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
*Key stakeholders
* Personnel in CCIB Client Relationships
* Transactions Banking
* Financial markets, Global Markets (Treasury), Information Technology (IT) unit
* Consumer Banking Governance teams
* Business Risk Managers
* Central Bank Clearing house
Other Responsibilities
Embed Here for good and Group 's brand and values in EGYPT Perform other
responsibilities assigned under Group, Country, Business or Functional
policies and procedures; Multiple functions (double hats)
Our Ideal Candidate
* Minimum ‎6 years of clearing operations
Understanding of MS office tools and Data Analytics
Role Specific Technical Competencies
* Data Science
* Manage Conduct
* Manage Risk
* Operational expertise
* Risk management
* People management
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For
more than ‎160 years, we've worked to make a positive difference for our
clients, communities, and each other. We question the status quo, love a
challenge and enjoy finding new opportunities to grow and do better than
before. If you're looking for a career with purpose and you want to work for a
bank making a difference, we want to hear from you. You can count on us to
celebrate your unique talents. And we can't wait to see the talents you can
bring us.
Our purpose, to drive commerce and prosperity through our unique diversity,
together with our brand promise, to be here for good are achieved by how we
each live our valued behaviours. When you work with us, you'll see how we
value difference and advocate inclusion. Together we:
* Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
* Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
* Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and
benefits to support your mental, physical, financial and social wellbeing.
* Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
* Time-off including annual, parental/maternity (‎20 weeks), sabbatical (‎12 weeks maximum) and volunteering leave (‎3 days), along with minimum global standards for annual and public holiday, which is combined to ‎30 days minimum
* Flexible working options based around home and office locations, with flexible working patterns
* Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
* A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
* Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
* Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers