Latest Jobs at Polaris Bank Limited

We are looking for a Digital Banking Control Officer with adequate knowledge of Card Operations & Chargebacks, E-Channels Settlement & Reconciliation, E-Business Control (Card, POS, ATM etc.), Agency Banking Operations, Card Fraud Tools Management, accounting knowledge and general knowledge of E-Business and Digital Banking platforms

Job Description

• Daily review of all credit cards issued
• Daily review of exception file upload on ITC and Rejected Payment file
• Review of SBP prepaid cards-overdrawn balances
• Review of chargebacks and system accepted claims (VISA, MasterCard and Verve) – Arbiter report (Verve and Mastercard) and JIRA report from Channels Dispute Resolution.
• Carryout daily review of all settlement reports (VISA, Mastercard, Interswitch, NIBSS, E-Tranzact, Remita, Appzone, Verve, etc.) against the GL or Transaction Split Settlement (TSS) account mapped to the product to ascertain the completeness, accuracy and validity of transactions therein.
• Carryout daily call over of all entries posted into the GLs and Transaction Split Settlement (TSS) of E-Channels Operations and Agency Banking to ascertain the validity and accuracy of the entries posted.
• Carryout daily call over of chargeback settlement entries posted into the settlement GLs and TSS accounts to ascertain the validity and accuracy of the entries posted.
• Initiate appropriate system and administrative controls to be implemented on various Digital Banking platforms (Postilion, Mobile, Internet Banking, Agency Banking platform, ATM, POS, Open Banking API, other payment platforms (internal and external) etc.
• Daily review of Agency Banking TSS Settlement account(s) and Agents’ accounts.
• Review of corporate customers’ onboarding requests on the self-service platforms and ensure that documentation is complete before the corporate is on-boarded on any of the self-service platforms (Autopay, Corporatepay, Polarispay etc.).

• Monitor cards procurement and utilization rate on a weekly, monthly and quarterly basis for reporting purposes. Monitor POS procurement, deployment and activation and report inactive POS terminals on a monthly basis for management attention. Monitor ATM procurement, deployment and activation and report inactive ATM terminals on a monthly basis for management attention.

• Carryout daily review of Agency Banking settlement reports received from Appzone and card settlement report from Interswitch to ascertain the completeness, accuracy and validity of transactions therein.
• Initiate and obtain approval to develop a rule to be deployed on fraud prevention platforms (Interswitch – Scorebridge, Mastercard – National Fraud Service (NFS), VISA – Visa Risk Manager (VRM) and iMatch.
• Monitoring of fraud alert generated from the fraud prevention platforms and respond appropriately and close out properly.
• Review the rules deployed, ascertain the rules that have become obsolete and obtain approval of Head, Digital Banking Control to deactivate the rules.

Preferred skills and experience/Requirements  

• Bachelor’s Degree in Computer Science, Accounting, Economics, or other related fields of study.
• Experience in Internal Control, Agency Banking, Electronic Transaction Settlement (VISA, Mastercard, Chargebacks, etc.), Fraud Risk Management, Receivable and Payable GL Reconciliation and e-Products knowledge etc.
• MBA, ACA, ACIB, CISA, CFE certification will be an added advantage.
• A good Understanding of PCIDSS.
• Ability to perform control reviews, carryout complaint/fraud investigation, perform system reviews and Risk Identification and Control, report writing and excellent communication skills.
•  Ability to use MS word, MS Excel, MS PowerPoint, SQL, Excellent Communication skills and perfect command of the English language

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Who are we looking for:

The Sub-Unit Head, Business Partners Directorate, is responsible for overseeing the strategic partnership and alliance initiatives. This position focuses on developing and managing relationships with key business partners, such as FINTECH companies, technology providers, and industry collaborators.

The role holder collaborates with internal stakeholders to identify partnership opportunities, negotiate agreements, and ensure alignment with the bank’s strategic objectives. They monitor partner performance, assess market trends, and identify innovative solutions to enhance the bank’s product and service offerings

Job Description

Business Performance Management:

• Select and use financial and non-financial key performance indicators in business appraisal; interpret trends from financial reports, extrapolate and evaluate risk in complex scenarios.
• Interpret and analyze management information, in the context of the external environment and business objectives, to advise decision-maker

Business Partnership:

• Serve as a strategic financial advisor to business unit leaders, offering insights on financial implications of strategic initiatives, product launches, and market dynamics.
• Collaborate with business stakeholders to identify growth opportunities, cost-saving measures, and revenue enhancement strategies.

Financial Accounting Standards:

• Analyse accounting issues, research authoritative guidance, and provide well-supported accounting treatment recommendations.
• Assess control effectiveness, identify control gaps, and implement remedial actions.

Planning, Forecasting, and Budgeting:

• Understand financial planning, forecasting, and budgeting principles.
• Knowledge of financial modelling techniques and tools.
• Analyze financial trends and identify potential risks and opportunities.
• Conduct financial analysis and generate reports.

Financial Analysis & Interpretation:

• Review outputs of financial and cash flow analyses to develop views and guide management; resolve significant reporting variances or recommend corrective actions where needed
• Approve and present financial statements and analysis to executive management and provide recommendations for improvements.

Financial Reporting:

• Ensure integrity, accuracy and completeness of financial statements; discuss the need for and nature of appropriate disclosures
• Implement efficient process changes consistent with best practices; create a corporate culture of compliance and shared accountability.

Core Accounting Application Knowledge:

• Use accounting software and tools to manage complex financial processes such as consolidation and financial reporting
• Analyze financial data, identify trends, and provide insights and recommendations to support.

Management Accounting:

• Use accounting software and tools to manage complex financial processes such as consolidation and financial reporting
• Analyze financial data, identify trends, and provide insights and recommendations to support strategic decision making.

Business Intelligence & Reporting Analytics:

• Use business intelligence tools and software to extract, analyze and visualize complex data sets.
• Develop and implement advanced data analysis techniques to support strategic decision making and business planning.

Transactional Accounting & Close Process Management

• Use accounting software and tools to manage complex transactional accounting processes
• Coordinate and oversee the close process for the entire organization.

Investor Relations:

• Understand the bank’s strategic objectives and aligning investor relations activities accordingly.
• Develop and execute comprehensive investor relations strategies.

Portfolio Accounting:

• Account for derivatives, structured products, and other complex financial instruments.
• Measure and analyze portfolio performance using relevant metrics and benchmarks.
• Knowledge of performance attribution methodologies.
• Navigate regulatory changes and implement necessary adjustments.
• Identify opportunities for process improvement in portfolio accounting.
• Streamline workflows and automate routine task.

Financial Accounting Processes:

• Oversee the revenue and expenditure process; identify ways to mitigate load related risks; calculate the impact of lending actions on financial ratios; calculate non-routine provisions
• Oversee the expenditure process; calculate the impact of loans on financial ratios
• Oversee all month-end close processes and activities.
• Reconcile complex accounts involving inconsistent data from non-integrated systems.
• Define new general ledger accounts and ensure proper maintenance of the Bank’s chart of accounts.

Management Reporting:

• Deliver quality management information.
• Develop business unit reporting systems for management, project or performance reporting and implement processes to deliver management information according to the reporting cycle.

Cost Management:

• Apply various techniques such as target costing, value analysis, life cycle and discuss implications.
• Prepare analysis and reports that enable the business management to effectively challenge costs and inform decision-making
• Participate in waste elimination efforts with the business to understand key drivers and cost reduction opportunities.

Tax Management

Financial Modelling:

• Create financial modelling concepts and should be able to create complex financial models using advanced Excel functions and macros.

Industry & Company Analysis

Cashflow Analysis:

• Understand cash flow analysis concepts and should be able to create and analyze complex cash flow models

Preferred skills and experience/Requirements  

•  Bachelor’s degree in Banking & Finance, Accounting, or a related field.
• At least 3 – 7 years of cognate experience.
• MBA or Relevant Professional qualification (e.g., CIBN, ACA, ACCA, ICAN etc.) is an added advantage
• Proficiency in financial software systems and advanced knowledge of MS Excel.

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Who are we looking for:

We are looking for a highly motivated and experienced Project Manager to join our team. The ideal candidate will have a proven track record of delivering projects on time and will be responsible for managing and coordinating various projects within the organization, ensuring smooth execution and timely completion.

Job Description

• Develop and manage project plans and schedules, and allocate resources effectively
• Manage stakeholders by identifying their needs and expectations, and communicating effectively with them throughout the project lifecycle.
• Analyze the bank’s current state of innovation and digital transformation, and identify opportunities for improvement
• Work with awarded consultants in the development and implementation strategies for innovation and digital transformation that align with the bank’s overall business objectives
• Collaborate with cross-functional teams to design and launch innovative products, services, and processes that meet customer needs and exceed industry standards
• Drives the development of comprehensive project charters, ensuring clear articulation of project goals, objectives, scope, and success criteria
• Manage project portfolios and optimizing resource allocation across multiple projects
• Demonstrates an advanced understanding of project monitoring, control & evaluation principles, and practices, as well as Polaris Bank’s specific control framework
• Leads the development and implementation of standardized project monitoring, control, and evaluation processes, incorporating industry best practices and regulatory requirements.
• Establishes performance measurement frameworks and reporting mechanisms to monitor project progress, quality, and compliance.
• Conducts comprehensive project reviews, analyzing performance trends, and providing insights to project managers and stakeholders

Preferred skills and experience/Requirements  

•  Bachelor’s degree in Accounting, project management, business administration, or a related field
• At least 0 – 3 years of cognate experience.
• Relevant Professional qualification is an added advantage.eg (CIBN, ACA, ACCA, ICAN, PMP)
• Proficiency in financial software systems and advanced knowledge of MS Excel
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Ability to work independently and as part of a team