Overview

Investec Bank (Mauritius) Limited is currently looking for resources for its Payment & Booking team, for a one year assignment. The selected candidates would need to meet the following criteria:

• have graduated in any discipline,
• happy to work under a one year contract;
• keen to learn and work hard and follow processes; and
• comfortable to work with data and process data on our core banking system.

Description of role and responsibilites:

• Online banking- logging in as admin officer; checking of awaiting forex trades or failed trades.
• Unpend MU online transactions on request.
• Retrieving and processing of online payments from Equation.
• Capture all entries accurately on clean payments (Inward receipts & outward payments) & verify the correspondent bank on bank check//swift ref for outward payments. Follow up with Deposit operations team when there is no correspondent bank available on the banker’s almanac/swift ref for outward payments.
•  Check that there are enough funds to effect payments especially when there is a forex involved and before   sending to Treasury.
• Requesting BOM purpose from Deposit operations team for USD/MUR deals equal or above USD 20,000.00.
• Ensure that the weekly changes of rates on clients’ accounts have been correctly loaded on Equation [every Tuesday]
• Booking of new fixed deposits, roll overs and reset rates on Equation.
• Checking the encumbrance report received by email for funds encumbered on fixed deposit; ensuring that the fixed deposit has been rollover and encumbered with the correct amount or move the encumbrance on the call deposit account when required.
• Encumbering & un-encumbering of funds on clients’ accounts instructed by lending team.
• Follow up and update the standing order sheet prepared by Payment & Booking Team and checking the standing order report received by email for online standing orders. Bank charges are captured manually for GBP/EUR payments
• Follow up of cheque collections and processing same.
• Check MNS payments and retrieve same from the system. Copy of MNS payment sent to SWIFT team and entries captured accordingly on Equation.
• Reversal of charges and transfer of interest on the 1st of every month (exception list), send to respective DOP and reversed upon go ahead from respective DOP.
• Manual statements/advices when required.
• Processing of correspondent bank fee commitment and guarantee fees.
• Clearing of recons outstanding items.
• Processing and reversing of maintenance fees as required.
• Processing of monthly repayment of loans as per list received from GLO team
• Releasing inward/outwards payments
• Process salary payments on SWIFT
• Loading MT102 for MNS payments on SWIFT