Error message

Deprecated function: The each() function is deprecated. This message will be suppressed on further calls in menu_set_active_trail() (line 2404 of /chroot/home/knollrid/

Treasury Operations and Settlement Jr. Officer

Job Description:


  • This entails reviewing records and statements, discovering inconsistencies or inaccuracies, and taking the required steps to address them as soon as possible. Accurate reconciliation aids in the preservation of financial records and promotes openness in settlement operations.

Documentation and Reporting

  • In charge of keeping correct records of settlement actions. Keeping records of transactions, settlement orders, confirmations, and other related papers is part of this. Produce frequent reports on settlement actions, exceptions, and key performance indicators (KPIs). These reports aid in providing insights into settlement operations, identifying any difficulties or patterns, and assisting in decision-making processes.
  • Effective communication and engagement with internal and external stakeholders. To guarantee seamless coordination and resolution of any settlement related concerns, you will need to engage with various departments within the company, such as traders, risk management, finance, and compliance.

Process Improvement

  • Identify possibilities for process improvement and automation. You may help to streamline operations, reduce mistakes, and boost productivity in the treasury settlement function by reviewing settlement procedures, finding bottlenecks or inefficiencies, and providing alternatives.

Swift Messaging and Correspondence

  • The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is widely used for secure messaging and financial institution communication.  You may send and receive SWIFT messages pertaining to settlement instructions, confirmations, and other transaction data. For successful contact with counter-parties, familiarity with SWIFT messaging standards and protocols is required.

Audit and Compliance Support

  • Assist with internal and external audits. You may be required to provide documents, respond to inquiries, and address audit findings pertaining to settlement processes. Assisting with compliance assessments and implementing suggested controls ensures that regulatory obligations and industry best practices are followed.

Transaction Settlement

  • Facilitating transaction settlement for Merchant and Treasury Operations. This involves processing user-initiated payments, fund transfers, and other financial activities for merchant. Ensuring accurate and timely payment in order to keep the ecosystem running smoothly.

Settlement Operations Monitoring

  • Entails keeping track of settlement operations and system performance in order to identify and rectify any problems or delays. Putting in place adequate monitoring tools and controls to guarantee smooth settlement operations and to reduce settlement related mistakes or disruptions.

Payment Gateway Settlement

  • Entails working with payment gateway providers to ensure that payment procedures and settlement activities are seamlessly integrated. Monitoring payment gateway performance, debugging any technical difficulties, and negotiating with the provider to improve settlement procedures are all part of the job

Merchant Settlement

  • Overseeing the settlement of money to merchants or service providers affiliated with the e-wallet platform is known as merchant settlement. This entails reconciling transactions, computing commissions or fees owed to merchants, and organizing prompt settlement in order to support their business operations.

Vendor settlement

  • The pr`ocess of resolving financial transactions and obligations with vendors or suppliers is referred to as vendor settlement. The vendor settlement process ensures that suppliers are paid properly and on time, allowing positive relationships to be maintained and the flow of products and services to be smooth.

Minimum Qualifications:

  • Bachelor's degree in finance, accounting, economics, or a closely related discipline is necessary. Certifications or training in payment systems or treasury operations may also be advantageous.
  • At least 3-5 Years experience in Treasury Operations and/or Settlement in a Fintech setup or a Bank Set-up.
  • Familiar with various payment systems and financial instruments such as ACH, wire transfers, SWIFT, wire, RTGS, Instapay, Pesonet and other electronic payment systems.
  • Attention to details in order to ensure correct transaction reconciliation, uncover inconsistencies, investigate and resolve issues, and preserve data integrity.
  • Knowledge of financial software and systems used for settlement operations, such as treasury management systems, payment processing platforms, and enterprise resource planning (ERP) systems. Extensive knowledge of spreadsheet software (such as Excel) for data processing and reporting is frequently necessary.
  • Ability to identify and resolve settlement difficulties, troubleshoot problems, and undertake data analysis to assist decision-making and process improvements.
  • Time Management and Organization: In a fast-paced setting, excellent organizational abilities are required to handle many settlement operations, prioritize assignments, and meet deadlines.
  • Knowledge of cross-border payment procedures, foreign currency transactions, international legislation, and compliance standards is required if the firm works with worldwide payments.