• 2.5.2 Clearing operations


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    Description of role

    Responsible for the clearing and settlements (incoming / outgoing and local / international). 

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    Core skills

    • Knowledge of cheques, transfers clearing system and settlement systems
    • Knowledge of cheque clearing and processing
    • Ability to handle clearing and settlement process
    • Knowledge of accounting housekeeping and reconciliation of nostros, positions and books
    • Knowledge of currency settlement outside the currency centre
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    Qualification and/ or certification

    • QFSQF Level 2

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    Industry knowledge

    • Knowledge of clearing and settlement
    • Understand local market trends

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    Regulatory compliance of role

    • Knowledge of banking regulatory framework
    • Knowledge of relevant laws and regulations governing clearing and settlement