VACANCY ANNOUNCEMENT No. 013/2017
(Internal/External)
The vision of ECX is to become a leading and dynamic Exchange in Africa. ECX has a mission to provide a modern, efficient, transparent and reliable market platform to serve the national development goals through adaptation of technology, excellence in innovation and with integrity. ECX is a unique partnership of market actors, Members of the Exchange, and its main promoter, the Government of Ethiopia. ECX represents the future of Ethiopia, bringing integrity, security, and efficiency to the market. ECX would like to recruit motivated and qualified applicants for the following positions.
1. Position: Specialist, Clearing and Settlement
Required No.: 1 (One)
Duty Station: Addis Ababa
Reports to: Manager, Clearing and Settlement
JOB PURPOSE
The purpose of the job is to handle pay-in, balance and pay-out settlement with the emergency settlement process and create inter-bank fund transfer; interact with settlement banks, warehouse operators, and Treasury and Budget Control Divisions to handle fund transfers and to share settlement data; to handle banks and members enquiries specific to settlement and to generate reconciliation and other periodic reports.
SUMMARY OF MAJOR DUTIES AND RESPONSIBILITIES
· Sends and receives electronic bank instructions with their respective emergency process and ensure smooth completion of the settlement process as per SLA. This includes initiating member’s withdrawal request and posting interbank fund transfer on EATS;
· Handles banks, members and customer service enquires specific to cash settlement;
· Prepares settlement process and SMS-IVR service related periodic reports regularly;
· Handles bank account opening, closing and suspension with their reverse action;
· Collects ECX bank statements, prepare reconciliation report on ECX settlement accounts, and resolve discrepancies with bank record, if any. Maintain settlement instruction records, reconcile with CnS database and properly archive bank letters;
· Coordinates with team members for smooth settlement business continuity and actively participate on the Division work flow development, risk area identification and periodic manual revision;
· Participates on new settlement and warehouse receipt financing bank take-on process and handle warehouse receipt financing work process;
· Liaises with settlement banks, members, clients, Trading Operations, Membership, Finance, ECXA, and other Divisions in relation with settlement process and SMS-IVR (NOR and Cash Position) service,
· Performs other duties assigned by the immediate supervisor.
· MA/ BA in Banking, Finance, Accounting, Business Administration, Economics or other relevant business field of study and 2/4 years in domestic banking operation or accounting.