Central Cash/Clearing Officer – Standard Chartered Bank Uganda

Key Responsibilities

• Coordinate daily clearing, central cash, posting, and validation activities.
• Process customer cheques, electronic fund transfers, and internal banking entries.
• Validate transactions according to approved banking procedures.
• Monitor transaction processing timelines and service standards.
• Ensure accurate handling of clearing transactions.

• Supporting timely settlement of inward and outward clearing transactions.
• Performing daily account reconciliations.
• Reviewing transaction exceptions and unusual cases.
• Investigating discrepancies and supporting corrective actions.
• Ensuring transaction records are complete and accurate.

• Identify operational risks affecting clearing and cash operations.
• Escalate compliance concerns and control weaknesses.
• Ensure adherence to banking policies and regulatory requirements.
• Support implementation of internal controls.
• Maintain accurate documentation for audit and regulatory reviews.

• Improvement of clearing and payment processes.
• Automation initiatives aimed at increasing efficiency.
• Reduction of operational errors and processing delays.
• Cost optimization initiatives.
• Enhancement of service delivery standards.

• Internal banking departments.
• Auditors.
• Regulators.
• Clearing house member banks.
• Operations teams.

• Responding to operational queries.
• Supporting investigations.
• Maintaining effective working relationships.
• Ensuring smooth coordination between stakeholders.

• Supervising daily team activities.
• Supporting staff development.
• Monitoring team performance.
• Coaching and mentoring team members.
• Ensuring operational targets are achieved.

Required Qualifications

• A Bachelor’s Degree in:
  • Banking.
  • Finance.
  • Accounting.
  • Business Administration.
  • Economics.
  • Operations Management.
  • Related fields.

• ACIB (Associate of Chartered Institute of Bankers).
• Chartered Banker qualifications.
• ACCA.
• CPA.
• CIA.
• Risk Management certifications.

Experience Requirements

• Banking operations.
• Clearing activities.
• Cash operations.
• Payment processing.
• Transaction validation.
• Account reconciliation.
• Financial services operations.

• Customer mandates.
• Banking systems.
• Regulatory requirements.
• Operational controls.

Key Skills Required

• Clearing processes.
• Payment systems.
• Cash management.
• Banking procedures.
• Transaction processing.

• Analyze account records.
• Identify transaction differences.
• Resolve financial discrepancies.
• Maintain accurate records.

• Identify risks.
• Follow control procedures.
• Support compliance requirements.
• Escalate operational issues.

• Investigate exceptions.
• Make sound decisions.
• Resolve operational challenges.
• Work under pressure.

• Manage multiple priorities.
• Meet deadlines.
• Maintain accuracy in a fast-paced banking environment.

Key Competencies

Career Growth Opportunities

• Senior Banking Operations Officer.
• Clearing Supervisor.
• Payments Operations Specialist.
• Transaction Banking Officer.
• Operations Manager.
• Banking Risk and Compliance Specialist.

Why Join Standard Chartered Bank?

• Working with a leading international bank.
• Exposure to global banking standards and systems.
• Opportunities for professional growth.
• Training and career development opportunities.
• A diverse and inclusive workplace culture.
• Experience in financial operations and innovation.

Interview Preparation Tips

• Experience handling banking transactions.
• Knowledge of clearing and settlement processes.
• Examples of resolving reconciliation issues.
• Understanding of operational risk controls.
• Experience working with banking systems.
• How they ensure accuracy and compliance.

CV Tips for Applicants

• Banking operations experience.
• Clearing and payments knowledge.
• Cash handling experience.
• Reconciliation skills.
• Compliance and risk management exposure.
• Accounting or finance qualifications.
• Customer service experience.