Manager Reconciliation Desk  
Mobilink Microfinance Bank   More jobs from this company

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Job Title:   Manager Reconciliation Desk
Category:   Accounts
Total Positions:   1
Job Location:   Islamabad
Gender:   No Preference
Minimum Education:   Bachelors
Career Level:   Experienced Professional
Minimum Experience:   3 Years
Apply By:   Nov 11, 2021
Job Description:
  • Identify deficiencies in already implemented bank operational processes and recommends changes in Reconciliation processes to bring more effectiveness.
  • Needs to be well aware and ensure compliance with Bank SOPs and SBP/regulator policies & procedures.
  • Needs to be well aware regarding backend transactional processes and how system works.
  • Responsible for managing settlement, funding and daily production of reconciliations supporting the business and other stake holders.
  • Ensure Daily Bank reconciliations for third party payments and collections with all the systems involved and further data sharing with all relevant teams for settlement, adjustment and complaints handling.
  • Ensure Daily Bank reconciliation with correspondent Banks, Internal Accounts, Corporate Clients, Merchants, Nano Landing, Insurance products and all other products involving movement of funds from one place to another, with end to end data sharing to all stakeholders.
  • Daily Clearing Settlement Reconciliation with Correspondent Bank.
  • Responsible to manage and clearing of pending transaction in systems on daily basis.
  • Responsible for Pending transactions manual authorization in CPS on daily basis.
  • Reversals and duplicate transactions management with all extended parties.
  • Liaison with internal or external stakeholders for better reconciliation processes.
  • Ensure ATMs, IBFTs, Bank accounts (Core & Branchless Banking) daily reconciliations.
  • Responsible for reporting of all reconciliations performed with their treatment to the management on daily basis in dashboard.
  • Ensure complete understanding of Code of Conduct and maintain strict adherence.
  • Identify process for digitization and ensure implementation of the bank’s digital agenda and train the operations staff accordingly.
  • Interaction with Internal Teams (Business/ IT/ Finance) for any development/enhancement in system.
  • Having prudent knowledge of Insurance and operational Risk.
  • Ensure good knowledge of Core & Branchless Operations.
  • Having command on Core Banking system(T-24) & branchless system CPS.
  • Ensure high competency & skill level of the staff is maintained at all times.
  • Strong Understanding of Reconciliation digitalization & automation.
  • Time management.
  • Excellent Interpersonal and Communication skills Strong Planning and Organizing skills Reporting & analytical skills Detail Orientation

Company Information
Company Name:  Mobilink Microfinance Bank
Company Description:
Mobilink Microfinance Bank Limited (MMBL) is Pakistan's largest digital bank with over 20 million registered and 8 million active digital wallets. Backed by VEON Co., MMBL started operations in April 2012 and launched branch-less banking operations under the brand name JAZZCASH in partnership with Pakistan's largest telecom operator JAZZ in Nov 2012. Being a hybrid model that combines traditional micro finance with mobile / digital banking technologies, the bank now operates with 74 branches, with more than 1559 employees, a network of over 90000 branch-less banking agents (growing) and a USSD (GSM) based digital channel in the country offering savings, micro enterprise (MSME) loans, small housing loans, remittances, collection (of utility bills and loan installments), mobile wallets, insurance, G2P, B2B & B2P payments and thus playing a leading role in promotion of financial inclusion.

Despite being a young bank, Mobilink bank has emerged as one of the front runners in the sector and achieved financial break-even within four years of commencing operations in 2016, one of the fastest in the industry. Financial performance of the Bank has been remarkable in 2016, 2017 and 2018

Mobilink Bank & JAZZ, under the brand name JAZZCASH, envision to become market leaders in branchless banking, digital banking and micro financial services offering simple, innovative and value added products and services to the people of Pakistan. MMBL game plan aims at taking banking from confines of limited number of brick and mortar structures to cell phones and thus make a significant contribution in banking the unbanked through digital channels. The Bank so far has financed over 500,000 individual micro and small businesses since inception of the Bank in 2012 and is the proud recipient of “Bank of the Unbanked Award” in 2018 and 2019.

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