• 2.6.2 Payment and settlement systems


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    Description of role

    Responsible for the assessment and the oversight of the high value payment systems – RTGS and ACH.     

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    Core technical skills

    • Knowledge of systems to allow risk-free means of discharging payment obligations between parties involved
    • Knowledge of regulatory and international standards (e.g. Basel Committee, IOSCO, Joint Forum principles and standards)
    • Knowledge of payment systems operations or oversight of an inter-bank payment system or clearing facilities
    • Knowledge of the clearing and settlements service business with a focus on effectively performing settlement operations, resolving issues and addressing inquiries / needs of foreign central banks, international agencies, and the other relevant organisations
      • Knowledge of processes or to develop new ones (through the use of automation for example) to increase efficiency of activities and reduce operational risk
    • Knowledge of the systems that support the operation to effectively troubleshoot operational issues and communicate business requirements in the context of these systems when participating in efforts with technical support staffs
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience