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Job Title:    Banking Officer Reconciliations (Several No Experience Jobs)  

Organisation: Tropical Bank Limited

Duty Station:  Kampala, Uganda

Reports to: Senior Officer – Reconciliations

About US:

Tropical Bank Limited was established in 1973 under the name Libyan Arab Uganda Bank for Foreign Trade and Development. Tropical Bank Limited is jointly owned by the Governments of the Republic of Uganda 0.03% and the Libyan Foreign Bank (LFB) 99.97% of Paid-up Capital. The Bank provides professional and personalized commercial banking services to various sectors of the economy including financial support to Parastatals, Corporates, Small and Medium Enterprises, Individuals, and Non-Governmental Organisations.

Job Summary:  The Banking Officer – Reconciliations will maintain a good control environment to ensure that risk is effectively managed, through smooth operations of the Head Office reconciliations (NOSTRO and Other GL Accounts) in accordance with laid down process flows, policies and procedures.

Key Duties and Responsibilities:

• Reconcile all Nostro and allocated general ledger accounts as per the set frequency as per bank’s policy and procedures. (Agency Banking, Omni channels reconciliation, Money transfers, Utility reconciliations).
• Actively follow up all outstanding transactions with the responsible teams to ensure that there are no long outstanding items as per ageing analysis.
• Escalation of suspicious and unresolved items that have been previously advised to departments.
• Prepare monthly escalation, RCSA and KRI reports for review by Supervisor as per stipulated timelines.
• Monthly archival of all Unit reports and other documents.
• Comply with AML/CFT/CPF policies and procedures, non-compliance of which shall be addressed as per the bank disciplinary processes.
• Track and monitor audit and BoU exceptions and ensure compliance/closure as per stipulated timelines.
• Participate in projects or other departmental initiatives e.g. process review
• Fully participate in BCP in the department.
• Observe that department costs are reasonable and properly managed by keeping costs to a minimum, recycling resources where possible and sourcing for only what is required.
• Ensure proper management of the assigned fixed Assets.
• Ensure compliance with Operations, Risk, Compliance, Security, Anti-Money Laundering, KYC, Policies and Procedures.
• Comply with service level agreements to ensure delivery at set times.
• Submit reconciliations daily as per stipulated timelines.
• Participate in internal training and initiate need for external trainings.
• Take leave as scheduled and ensure that there are no backlogs.
• Perform any other duties that can be assigned from time to time

Key Performance Indicators

• Financial – No losses due to reconciliation failure or unidentifiable reconciliation items, deposit mobilisation, open new accounts.
• Customer – Submit all reports within the set timeframe, engage stakeholders.
• Processes – Audit, Risk and compliance ratings, closure of audit findings.
• People – No leave backlogs, time management, training.

Qualifications, Skills and Experience:

• The applicant must hold a Bachelor’s Degree in Commerce/Business Administration or any related field.
• Good accounting knowledge
• Exposure in ICT especially Microsoft packages like Excel, word, outlook.

Behavioral competencies

• Multitasking capability – Ability to perform multiple tasks concurrently with accuracy
• Analytical skills – Keep attention to detail and able to conceptualize and provide viable solutions.
• Good accounting knowledge
• Person ethics – must be time conscious, diligent and demonstrates a high degree of integrity in work business contacts.
• Good communication skills
• Interpersonal skills – must be a people’s person, with ability to interact with team members.
• Good decision maker – able to make fast/quick decisions.
• Must be fluent in English.

How to Apply:

If you believe you meet the requirements for any position above, please submit your application letter together with your CV at the reception of Kampala Main Branch (Head Office) addressed to;

Head Human Resource,

Tropical Bank Ltd,

Plot 27 Kampala Road

P.O. Box 9485 Kampala. Uganda

Please Note the following:

• Tropical bank does not ask for money or rewards in exchange for Job opportunities.
• Only shortlisted candidates will be contacted.

Deadline: 7^th July 2023

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