Payments Processing Associate
Deutsche Bank
Date: 3 weeks ago
                            City: Karachi
                                                        Contract type: Full time
                                                     
                                                
                            Position Overview
Job Description
Payments Processing is responsible for the accurate and timely processing of all types of payments including processing of physical cash/valuables, as well as the handling of cash related investigations. Work includes:
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
                    Job Description
Payments Processing is responsible for the accurate and timely processing of all types of payments including processing of physical cash/valuables, as well as the handling of cash related investigations. Work includes:
- Processing time-critical transactions on behalf of the bank's internal and external clients.
- Ensuring that procedures are properly executed to reduce processing risk and identify potential areas for process improvement whether internally within the bank or for our clients.
- Managing relationships between front office and external parties.
- Ensuring that all payment-related information and relevant parties are processed according to established Service Level Agreement (SLAs) and industry guidelines.
- Handling and Sorting of Cash & Ensure Strict Compliance on Clean Note Policy.
- Collect / deliver Cash from / to SBP as per requirement.
- Sorting of soiled cash notes and to deposit it in SBP.
- Receiving / Reporting of all Utility Bills at the Counter.
- Upload PTCL bills in web system.
- Maintain Proper record of all cash vouchers.
- Prepare AML/CTRs and post in GoAML Anti-Money Laundering Web System.
- Prepare monthly report of withholding tax deducted against cash withdrawals & deposit WHT to FBR / SBP.
- Daily initiate DB Checklist.
- Downloading of Inward Clearing Data from NIFT Key & Scrutinize Cheques and to Verify Clearing Cheques with Clearing sheet on daily Basis.
- Inputting of stop payment in Core-Banking software and maintain Stop Payment log register as per policy.
- Handling client cheque books request.
- Input voucher multipurpose posting in core-banking system.
- Maintain notice board
- Prepare Tax certificates and recover the charges from the clients.
- Maintain Main Stock of Pay orders / DDs / Corporate Cheques.
- WHT upload on FBR portal to generate the Tax PSID and payment through the 1LINK.
- Handle the banker’s cheque and corporate cheque operations of request received from client through online and in physical manual request.
- Processing of remittance (inward/outward) through core-banking software.
- Submission of complete documents to SBP through RAS portal and maintaining the MIS as well
- Reviewing the documents with respective to the regulatory guideline through foreign exchange manual.
- Prize Bonds / Fake currency notes / Soiled and Rejected Banknotes
- Month end cash balance sheet send to Cash Operations-Karachi
- Prepare monthly FX return in ITRS system and submitted to head office.
- Prepare cash internal account reconciliation and submit to filtration team.
- Control outward clearing cheques voucher in core-banking software system.
- Control / Printing of the payments in core-banking System for Banker’s Cheque and Corporate cheques.
- Prepare Sales Tax recon for account used and submit to Finance at month end.
- Account maintenance (activation/deletion/updating of CNIC).
- Prepare OBCs & Intercity clearings.
- Control I-Branch / DB-Cheque / IDMS vouchers.
- Processing of Local RTGS payments.
- Monitor clearing excess sheets and obtain approvals from RM or DBKA
- Daily reporting of SBP cash position to treasury and ensuring enough balance in SBP account.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
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