Manager Payments

Lets Write Africa's Story Together

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

JOB SUMMARY

Provides strategic leadership, administration, management and governance, performance and productivity management, monitoring and enhancement of payments department while directly supporting the respective business/product segments.

KEY TASKS AND RESPONSIBILITIES

KEY MEASURABLE GOALS

• Compliance-BAU delivery within set policies, procedures, processes, operating instructions, set standards and regulations/statutory requirements.

• Customer Service Improvement-Quality & Accuracy in processing and embedding continuous improvement and Delivery Speed- Enhanced TAT in processing and minimizing delays.

• Financial Performance-Reduction of cost and promoting efficiency.

• Risk-Strengthen controls and adhere to the laid down processes/procedures to minimize exposure to Operational Risk in the unit.

• Business Development and/or Strategic Initiatives

• Delivery Flexibility- Parameterization of solutions and better innovations

• Leadership & People Management -Team Performance, engagement and Development.

KEY RESPONSIBILITIES

• Manage the Operations and Provide leadership support for the day-to-day activities for the Payments team to assure accurate and timely execution of all transactions for the transaction lifecycle.

• Ensure service delivery in line with set service level agreements, policies, procedures, processes, operating instructions, standards, regulations, statutory, market requirements and international regulations, while observing operational risk requirements.

• Lead and develop Payments team to ensure efficient operations managed in strict compliance with the various local and international laws, set standards and Bank's standards while ensuring continuous improvements to lean the current processes in team and management of costs.

• Guide the team to achieve effective compliance to operational risk management, periodic self-assessment on key controls to assess proper functioning and adequacy of existing controls and highlighting issues discovered and follow through plans to mitigate the risks.

• Supervise and monitor operational risk activities within Payment department as well as supervise performance of Control Self Assessments, assure of current and accurate Risk, Errors and Loss registers.

• Ensure that there is current Business Continuity Plan/Disaster Recovery Plan documentation, systems and operations are functioning as recommended by CBK Prudential guidelines and best practices.

• Ensure stability of payments system and log issues and complaints from customers; both internal and external customers promptly and appropriately and escalated where necessary and followed to resolution within agreed SLAs, prompt responses provided and where necessary Root Cause Analysis provided to ensure excellent services to the users and update the status on systems stability report daily.

• Work with the transaction processing systems vendors and ICT teams to close system failures and gaps to build effective, efficient and well controlled processes and models.

• Ensure reconciliation, service level agreements adherence and monitoring and breaches reporting within the department.

• Oversee overall administration of the unit; checks and controls, documents storage, leave management within the team, accurate, current and timely dashboards management, MIS for BAU and projects/initiatives and reporting, delivering on division-wide initiatives and meetings /committees, keeping department's service charter, catalogue, operating instructions, process flows and procedures documented, updated and current and managing other projects within the team.

• Oversee claims and complaints investigations and management for closure.

• Comply with all Bank's set policies, procedures, and guidelines as well as other regulations and standards and Anti- Money

• Laundering and Know Your Customer policy and or procedures to the applicable extent and reporting all suspicious activities.

• Maintain a high-performance team and set the tone for adoption of the right culture within the department.

• Manage the operations and provide leadership support for the day to day activities for the team to assure accurate and timely execution of all transactions including handling customer instructions, customer queries, transaction confirmation process (observing zero tolerance on unmatched confirmations) , managing settlement process and related risks, appropriate Transaction Processing & Messaging Systems and related accounting entries processing, reporting , communications to other parties and reconciliation of activities for all products and services offered under Treasury Operations. This is to be delivered in-line with set SLAs, policies, procedures, processes, operating instructions, standards, regulations; statutory, market requirements and international regulations while observing operational risk requirements in the various transactions under the products and services as below: - please clearly highlight the items under this

• Foreign Exchange cash, spot, swaps and forwards, Money Market, Fixed Income, Nostro Transfer, General Ledgers postings

• Confirmations - observing zero tolerance on unmatched confirmations.

• Static data set-up within the treasury system and MTS systems (Western Union and MoneyGram)

• Requisite transaction related documentations and Swift messages queries management for Treasury related transactions.

• Nostro related investigations and failed trades reporting for Treasury related transactions.

• Primary market bank bids and related CDS, commissions and settlement processes.

• Oversee Claims investigations and management, broker list compliance, brokerage processing and tracking for treasury related transactions.

SKILLS, KNOWLEDGE & COMPETENCIES

Knowledge Skills 

• In-depth knowledge and understanding of SWIFT and KEPSS Operations

• Understanding of Operational Risk Management

• Leadership and Management skills

• Independent and Self-motivated individual

• Excellent presentation skills

• Operational Excellence

• Excellent interpersonal, communication and negotiation skills

• Knowledge of the bank's products, services and policies

• Excellent Customer Experience skills

Competencies Required 

• Analytical thinking

• Decisiveness & Judgement

• Personal and Team Organization

• Meeting customer needs

• Managing relationships

• Self-development

• Adaptability

• Working with others

• Active listening

QUALIFICATIONS & EXPERIENCE ​

• A University Degree in Business or related field from a recognized University

• ACI Operations Certification will be an added advantage.

• 8 years of working experience in Bank Operations, with at least 3 years of at supervisory level within a busy Financial Institution's payments environment.

ANTI-MONEY LAUNDERING (AML) EXPECTATION

The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.

Performs routine administrative duties such as drafting correspondences, scheduling appointments, organising and maintaining data, as well as assisting internal and external stakeholdersResponsibilitiesAdministration

Produce, update, and provide best practice support on a wide range of Microsoft documents, databases, and other departmental systems.

Business Meetings/Events Arrangement

Schedule appointments, make arrangements for meetings and conferences, and organize travel plans, following instructions to ensure more senior colleagues or a senior executive make the best use of their time.

Correspondence

Prepare routine letters, email, minutes of meetings, and reports for approval by more senior colleagues or a senior executive.

Document Preparation

Prepare moderately complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for reports.

Work Scheduling and Allocation

Design own monthly schedule and, if necessary, assign work to others in order to speed up office workflow and ensure high-priority tasks get done.

Data Collection and Analysis

Produce accurate reports for others by collecting data from a variety of standard sources and inputting it into standard formats.

Insights and Reporting

Extract and combine data to generate standard reports.

Budgeting

Monitor and analyze data using budgeting systems and protocols.

Personal Capability Building

Develop and maintain excellent process or technical skills by participating in assessment and development planning activities as well as formal and informal training and coaching.

Operational Compliance

Develop working knowledge of the organization's policies and procedures and of regulatory codes and codes of conduct relevant to own work, adhering to mandatory procedures to ensure own work is undertaken to the required standards.

Procurement

Support others by carrying out simple procurement tasks. Involves following established procedures.

Skills

Accounting, Action Planning, Budget Management, Calendar Coordination, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Interpretations, Executing Plans, Financial Acumen, Management Reporting, Numerical Aptitude, Oral Communications, Report Review

Competencies

Directs WorkDrives ResultsEnsures AccountabilityManages ComplexityOptimizes Work ProcessesPlans and AlignsTech Savvy

Education

NQF Level 3 & NQF Level 2 - Below school leaving

Closing Date

29 November 2025 , 23:59

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