Central Cash and Clearing Officer

Job Overview

This role is responsible for supporting efficient and controlled delivery of clearing, central cash management, posting, and validation services within Uganda. The position emphasizes maintaining high standards of service quality, managing operational risk, meeting regulatory requirements, and espousing the Bank's core values.

Key Responsibilities

• Coordinate and facilitate clearing, central cash, posting, and validation operations.
• Ensure transaction processing, validation, reconciliation, and monitoring follow bank policies and regulatory guidelines, covering clearing transactions, customer cheques, electronic fund transfers, and internal entries.
• Support the timely settlement of both inward and outward clearing transactions, conduct daily reconciliations of accounts, and review exceptional or irregular cases.
• Assist in driving process improvements, automating workflows, enhancing service delivery, and achieving cost efficiencies within clearing and posting tasks.
• Identify and escalate operational risks, compliance issues, and conduct concerns pertinent to the unit, aiding in their resolution.
• Engage effectively with internal stakeholders, auditors, regulators, and other banks involved in the clearinghouse operations.
• For managerial roles, provide leadership by overseeing daily operations, developing the team, and monitoring performance.

Required Skills and Experience

• Experience in banking operations, particularly within clearing, cash operations, posting, validation, reconciliation, or transaction processing.
• Comprehensive understanding of various banking products, customer mandates, operational workflows, and service benchmarks.
• Sound knowledge of operational risk management, governance frameworks, control measures, compliance standards, and regulatory expectations.
• Capability to prioritize tasks, handle exceptions effectively, contribute to process enhancements, and meet service level agreements.
• Strong interpersonal skills fostering collaboration and excellent customer service.
• For management candidates, demonstrated leadership in guiding, motivating, training, and developing team members.

Qualifications

• Bachelor's degree in a relevant discipline.
• Professional certifications in Banking, Risk Management, Accounting, Finance, or Operations Management (such as ACIB, Chartered Banker, ACCA, CPA, CIA) are advantageous.
• Desirable experience in clearing operations, payment processing, cash management, reconciliation, and broader banking operations.

About the Employer

This institution is an international bank with over 170 years of history, dedicated to fostering positive impact for clients and communities. It promotes innovative thinking, values diversity, inclusion, and ethical conduct in its operations and workforce.

Work Culture and Benefits

• Competitive salary and comprehensive benefits package supporting mental, physical, financial, and social wellbeing.
• Support towards retirement savings, medical and life insurance, with options for flexible and voluntary benefits.
• Generous leave policies including annual, parental/maternity leave (up to 20 weeks), sabbaticals (up to 12 months), and volunteering leave (3 days), totaling a minimum of 30 days combining annual and public holidays.
• Flexible working arrangements aligning with home and office setups.
• Access to wellbeing programs, digital support platforms, resilience training, employee assistance programs, mental health first aid resources, and self-help tools.
• A culture fostering continuous learning, professional growth, and inclusive work environment where diversity is celebrated and everyone can thrive.