Payments Associate

Summary

Provide support for the business through the processing of cheques and electronic payments and transfers via all payment channels. Process rejected and unpostable items, returns and referral items ensuring adherence with the stipulated recourse period.

Responsibilities

• • Promote quality service standards by observing and delivering consistent quality service in compliance with service level agreements.
• • Process RTGS, ACH, wire transfers and fund transfers received via Transact and Corporate and Commercial Banking.
• • Process foreign exchange sales and purchases and manager’s cheques and drafts received via Transact and Corporate and Commercial Banking.
• • Collect fees from Point-of-Sale merchants on behalf of Corporate and Commercial Banking.
• • Collect fees on behalf of the Statements team for daily and weekly statements.
• • Provide support to other business entities within the group.
• • Process, balance, and dispatch standing orders ensuring that the related general ledger is balanced.
• • Monitor unexecuted standing orders.
• • Process clients’ salaries, interest payments and pensions from government and private Institutions.
• • Reprocess daily rejects originating from payroll processing.
• • Balance all payments related general ledgers within the agreed timeframe.
• • Process outgoing returned cheque items.
• • Resubmit unpostable items to clear all the general ledgers affected.
• • Ensure strict compliance with the rules outlined in the JCBA Clearinghouse Rules are met for all items above.
• • Perform other job-related duties assigned from time to time.

Required Skills

• • Sound knowledge of computer software packages such as word processing and spreadsheet applications.
• • Knowledge of Securities processing would be an asset.
• • Knowledge of Proceeds of Crime Act (POCA).
• • Knowledge of the Bank’s Policies and Procedures.
• • Knowledge of the Jamaica Clearing Bankers Association Clearinghouse Rules.
• • High degree of accuracy and detail oriented.
• • High degree of confidentiality.
• • Ability to work under pressure, independently and in teams.
• • Proficient in RTGS, ACH, T24 and SWIFT applications.

Qualifications

• • Minimum of an Associate’s Degree in Business Management or related discipline from a recognized institution.
• • Minimum of two (2) years’ working experience in a banking operations department of a Commercial Bank entity.

Additional Information and Instructions

🙏 We appreciate all applications; however, only shortlisted candidates will be contacted.

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