Lead, Settlement at CapitalSage Technology Limited

Job Summary:

• As a Lead, Settlement, you will take on a pivotal role in overseeing the accurate and efficient processing of financial transactions.
• Your responsibilities include supervising settlement operations, ensuring seamless reconciliation of accounts, and promptly addressing exceptions.
• Exceptional attention to detail, a comprehensive understanding of payment industry dynamics, and the ability to lead a team is essential for success in this role.
• Your expertise will contribute to safeguarding funds, maintaining operational excellence, and providing valuable support to the organization's financial processes.

Responsibilities:

Team Leadership and Management:

• Lead, mentor, and manage a team of settlement professionals, providing guidance, training, and support to ensure a high level of performance and productivity.
• Foster a collaborative and inclusive team culture that promotes effective communication and teamwork.

Settlement Operations:

• Oversee the review of settlement reports, upload of settlement reports, generation of settlement entries associated with our payment gateway and platforms
• Ensure the accurate and timely processing of settlements
• Monitor and manage failed settlements, taking appropriate action to resolve discrepancies

Regulatory Compliance:

• Stay up-to-date with regulatory requirements and industry best practices related to settlement operations.
• Ensure the organization's settlement processes comply with all relevant regulations and requirements.

Process Improvement:

• Continuously review and enhance settlement processes to optimize efficiency and minimize operational risks.
• Implement robust controls and checks to reduce settlement errors and mitigate settlement-related risks.

Vendor and Counterparty Relationship Management:

• Collaborate with external vendors, depositories, and counterparty institutions to ensure smooth and efficient settlement processes.
• Develop and maintain strong relationships with key stakeholders in the settlement ecosystem.

Risk Management:

• Identify and assess settlement-related risks and implement strategies to mitigate them.
• Develop and maintain a robust disaster recovery and business continuity plan for settlement operations.

Requirements

• A minimum of a Degree from a reputable institution.
• 4-5 years of post NYSC experience with 2-4 in a settlement and reconciliation role, showcasing a deep understanding of financial operations.
• Proficiency in Microsoft Excel and other relevant software tools.
• Comprehensive knowledge of payment industry transaction dynamics.
• Proficiency in handling extensive datasets with a keen eye for accuracy.
• Exceptional attention to detail.
• A thorough understanding of reconciliation processes and best practices.