Senior Officer - Settlement & Reconciliation

Description Role: Senior Officer - Settlement & Reconciliation Location: Abu Dhabi Role Purpose: Manage all financial transactions related to credit & debit cards, handling settlement and reconciliation. Key Accountabilities of the role Review Visa Fees Reconciliation report for Covered Cards and Debit Cards. Perform QA offshore Settlement Reconciliation Department samples and ensure activities are done correctly in QC sampling. Process payment files and EOD in the prime system. Review and prepare Cards Settlement department dashboard report. Perform QC reconciliation of General Ledger Accounts related to the Card settlement Department activities. Prepare Visa Monthly and Quarterly Fees JV and ensure all fees are booked properly for all GL accounts and Stakeholders accounts. Prepare Monthly MIS reporting and cards usage reports for Covered Cards, Debit Cards, and Prepaid Cards. Perform quarterly Visa and Master Card Scheme reporting and ensure proper submission. Work with Cards center team on new projects and system enhancements to STP process. Supervise Settlement Department team and support them in achieving their goals and activities. Follow up daily with Offshore Team on different Job Tasks like JV submissions, Visa file processing in Genius, updating SREs to JVs, and monthly JV. Submit Settlement Advice daily for Visa international usage and ensure submission to Vendor via STP process through FTS. Maintain daily communication with Business Team. Provide backup activities for the team. Results Required: Review and verify daily QC settlement activities for VISA/Master Card by performing daily QA. Ensure daily Visa Fees reconciliation is completed and done properly. Submit Visa and Master Card quarterly reporting. Submit quarterly Central Bank reporting to FCD. Review and send Visa and Master Card monthly and quarterly fees JV bookings to Offshore Settlement Dept. and ensure posting before month-end. Ensure compliance with policies & procedures and perform key operational controls as per ADIB policies & procedures. Specialist Skills / Technical Knowledge Required for this role: Knowledge of UAE banking practices, regulations & risks. Knowledge of Anti-Money Laundering regulations issued by the UAE Central Bank and other authorities. Good knowledge of customer service standards. Good knowledge of the Bank's Credit Card Issuance Policy & Procedures. Knowledge of VISA and Master Card Transactions & Settlements. Good communication skills. Management information skills. Computer skills. Required Experience: Senior IC #J-18808-Ljbffr