Interchange / Settlement Unit Manager (Remote)  
Fulcrum Pvt Ltd   More jobs from this company

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Job Title:   Interchange / Settlement Unit Manager (Remote)
Category:   Accounts
Total Positions:   3
Job Location:   Karachi
Gender:   Female
Age:   35 to  years
Minimum Education:   Masters
Career Level:   Experienced Professional
Minimum Experience:   6 Years8 Years
Salary Range:   PKR 0 to 0 per Month
Apply By:   Apr 28, 2023
Job Description:

We're Looking Manager – Interchange, and Settlement Unit (For UAE Clients)Department Card Operations

Experience 6-8 years of multi-discipline banking experience.Timing 9 AM TO 6 PM (Remote Working )

The company are providing these all facilities (All Over Pakistan Candidate can apply for this position )

Laptop – No laptop, Dell wyse system to be provided, candidate must have the bandwidth for a workstationMobile – Not required as this is not a customer-facing role, Monthly broadband allowance is to be provided for remote working candidates.Internet Facilities– YesStandby Generators or Battery backup in case of (once Electric shutdown ) - UPS will be provided for Dell wyse backup (one-time setup allowance to be given based on actuals )


  • Effective decision making power & conflict handling
  • To monitor and maintain smooth functioning of interchange, Settlement, and Recon for Mashreq Bank’s various Card associations like Visa, Master, and JCB, CUP cards, in addition to accounts maintenance and financial operations.
  • Implement, maintain, and improve processes to ensure effective operational processes to monitor and maintain financial accounts and flow of interchange ensuring that all procedures are followed (as prescribed by the Operational Manual by Card Associations).
  • Should have handled Monthly / Quarterly Reporting with Internal/External departments and Interchanges.
  • To be well versed and continuously updated on Association guidelines, and compliance and impart necessary knowledge for the staff 3 Key Result Areas
  • Monitor activities of daily reconciliation/settlement of funds position, balancing, and corrective action is done on a daily basis
  • Monitor UAE switch system reports for balancing and reconciliation for all countries under the purview
  • Emerge as the product expert for all relevant areas reporting to this position.
  • Being the central point of contact for association guidelines/newsletters/publications and ensuring timely publishing to business groups with probable impact
  • Ensure that Bank’s Compliance and Regulatory procedures are followed. Ensure adequate training to staff such that all functions are performed with zero errors and within expected TATs
  • Ensure the transactions are processed as per the unit’s SLA and the operational errors/losses are very minimum. Manage Monthly - MER, KRI, RCSA, and Reconciliation reporting within the timelines
  • Constantly work towards the generation of new ideas/innovations and ensure year-on-year digitization/productivity/process automation targets are achieved.
  • Sound knowledge of general banking with good experience in the Cards domain. Hands-on experience in working in Prime Platform/Flexcube system.
  • Sound knowledge of association systems, visa/MasterCard online, association pricing, and interchange computation.

Company Information
Company Name:  Fulcrum Pvt Ltd
Company Description:
Fulcrum is an ISO 9001-2008 certified Business Consulting Services Company. We offer customers the following services (Human Capital Development and Management Solutions, Business Process Outsourcing, Executive Search, Training and Development and Information Technology) which encompass continuum of essential business services to meet their needs throughout the business cycle and help organizations focus on their strategic initiative.

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