Manager Payments and Clearing
2025-12-04T14:26:30+00:00
I&M Bank Uganda
https://cdn.greatugandajobs.com/jsjobsdata/data/employer/comp_11742/logo/download%20(1).png
https://www.imbankgroup.com/ug/
FULL_TIME
HEAD OFFICE
Kampala
00256
Uganda
Banking
Management, Accounting & Finance, Business Operations
2025-12-13T17:00:00+00:00
Uganda
8
Background
I&M Bank Uganda is a commercial bank headquartered at Kingdom Kampala with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:
Job purpose:
To manage and oversee the daily operations of the Payments Unit, ensuring efficient, accurate, and timely processing of all domestic and international payment transactions including RTGS, EFTs, TTs, Cheques, Inhouse postings, Direct Debits, and other related cash movement services. The role ensures strict adherence to regulatory requirements, risk controls, customer service standards, and operational efficiency.
Key Responsibilities
Payments Processing Management
- Supervise the end-to-end processing of all payment types including RTGS, EFTs, TTs, Direct Debits, internal fund transfers, and standing orders.
- Ensure same-day processing of payment instructions within the set cut-off times.
- Monitor and verify high-value and sensitive transactions for accuracy and compliance.
Risk and Compliance
- Ensure compliance with internal operational risk guidelines, AML (Anti-Money Laundering) policies, regulatory requirements, and payment system rules.
- Establish and monitor operational controls to mitigate financial, reputational, and regulatory risks.
- Report any suspicious activities, system breaches, or operational incidents promptly.
Team Leadership and Development
- Lead, mentor, and supervise the Payments team to ensure high performance, discipline, and motivation.
- Conduct regular training on payment systems, new regulatory requirements, fraud prevention, and best practices.
- Monitor team KPIs, allocate work effectively, and foster a culture of continuous improvement.
Customer Service and Stakeholder Engagement
- Act as an escalation point for payment-related queries, delays, and exceptions from internal teams and external clients.
- Liaise with IT, Compliance, Treasury, Relationship Managers, and other units to resolve payment issues swiftly.
- Maintain strong relationships with external clearing systems, correspondent banks, and regulatory bodies.
Systems and Process Improvement
- Identify opportunities for process automation, digitization, and efficiency improvements.
- Participate in the testing, upgrade, and implementation of payment systems and platforms.
- Ensure proper system utilization, timely reconciliation, and minimal downtime.
Reporting and Record Keeping
- Prepare and submit accurate daily, weekly, and monthly reports on payment volumes, turnaround times, exceptions, and service levels.
- Maintain organized records for audit, regulatory inspection, and internal review purposes.
Financial Responsibility
- Prevent income leakages, fraud and operational losses
- Commissions & Incomes from all Payments.
Education Requirements.
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
- Training in various areas of Operations: - i.e. Fraud Prevention, KYC, CFT & AML, Operation Risk control & Compliance
Work Experience.
- Minimum of 5 years' experience in banking operations, with at least 2 years in Payments and Clearing Supervisory role.
- Strong understanding of banking payments, inter-branch transactions, and utility billing/payment systems.
- Experience working with core banking systems and payments and clearing software tools.
Key Required Competencies & Skills.
Payments Processing Management
- Supervise the end-to-end processing of all payment types including RTGS, EFTs, TTs, Direct Debits, internal fund transfers, and standing orders.
- Ensure same-day processing of payment instructions within the set cut-off times.
- Monitor and verify high-value and sensitive transactions for accuracy and compliance.
Risk and Compliance
- Ensure compliance with internal operational risk guidelines, AML (Anti-Money Laundering) policies, regulatory requirements, and payment system rules.
- Establish and monitor operational controls to mitigate financial, reputational, and regulatory risks.
- Report any suspicious activities, system breaches, or operational incidents promptly.
Team Leadership and Development
- Lead, mentor, and supervise the Payments team to ensure high performance, discipline, and motivation.
- Conduct regular training on payment systems, new regulatory requirements, fraud prevention, and best practices.
- Monitor team KPIs, allocate work effectively, and foster a culture of continuous improvement.
Customer Service and Stakeholder Engagement
- Act as an escalation point for payment-related queries, delays, and exceptions from internal teams and external clients.
- Liaise with IT, Compliance, Treasury, Relationship Managers, and other units to resolve payment issues swiftly.
- Maintain strong relationships with external clearing systems, correspondent banks, and regulatory bodies.
Systems and Process Improvement
- Identify opportunities for process automation, digitization, and efficiency improvements.
- Participate in the testing, upgrade, and implementation of payment systems and platforms.
- Ensure proper system utilization, timely reconciliation, and minimal downtime.
Reporting and Record Keeping
- Prepare and submit accurate daily, weekly, and monthly reports on payment volumes, turnaround times, exceptions, and service levels.
- Maintain organized records for audit, regulatory inspection, and internal review purposes.
Additional Notes
Note: Deadline for this job posting is 13 December 2025 at 5:00pm and only shortlisted candidates will be contacted.
* Supervise the end-to-end processing of all payment types including RTGS, EFTs, TTs, Direct Debits, internal fund transfers, and standing orders. * Ensure same-day processing of payment instructions within the set cut-off times. * Monitor and verify high-value and sensitive transactions for accuracy and compliance. * Ensure compliance with internal operational risk guidelines, AML (Anti-Money Laundering) policies, regulatory requirements, and payment system rules. * Establish and monitor operational controls to mitigate financial, reputational, and regulatory risks. * Report any suspicious activities, system breaches, or operational incidents promptly. * Lead, mentor, and supervise the Payments team to ensure high performance, discipline, and motivation. * Conduct regular training on payment systems, new regulatory requirements, fraud prevention, and best practices. * Monitor team KPIs, allocate work effectively, and foster a culture of continuous improvement. * Act as an escalation point for payment-related queries, delays, and exceptions from internal teams and external clients. * Liaise with IT, Compliance, Treasury, Relationship Managers, and other units to resolve payment issues swiftly. * Maintain strong relationships with external clearing systems, correspondent banks, and regulatory bodies. * Identify opportunities for process automation, digitization, and efficiency improvements. * Participate in the testing, upgrade, and implementation of payment systems and platforms. * Ensure proper system utilization, timely reconciliation, and minimal downtime. * Prepare and submit accurate daily, weekly, and monthly reports on payment volumes, turnaround times, exceptions, and service levels. * Maintain organized records for audit, regulatory inspection, and internal review purposes. * Prevent income leakages, fraud and operational losses * Commissions & Incomes from all Payments.
* Payments Processing Management * Risk and Compliance * Team Leadership and Development * Customer Service and Stakeholder Engagement * Systems and Process Improvement * Reporting and Record Keeping
* Bachelor’s degree in accounting, Finance, Business Administration, or a related field. * Training in various areas of Operations: - i.e. Fraud Prevention, KYC, CFT & AML, Operation Risk control & Compliance
JOB-69319a16b05f0
Vacancy title:
Manager Payments and Clearing
[Type: FULL_TIME, Industry: Banking, Category: Management, Accounting & Finance, Business Operations]
Jobs at:
I&M Bank Uganda
Deadline of this Job:
Saturday, December 13 2025
Duty Station:
HEAD OFFICE | Kampala | Uganda
Summary
Date Posted: Thursday, December 4 2025, Base Salary: Not Disclosed
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JOB DETAILS:
Background
I&M Bank Uganda is a commercial bank headquartered at Kingdom Kampala with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers. We are seeking to recruit a competent and highly motivated individual with extensive experience and abilities to support business growth in the following position:
Job purpose:
To manage and oversee the daily operations of the Payments Unit, ensuring efficient, accurate, and timely processing of all domestic and international payment transactions including RTGS, EFTs, TTs, Cheques, Inhouse postings, Direct Debits, and other related cash movement services. The role ensures strict adherence to regulatory requirements, risk controls, customer service standards, and operational efficiency.
Key Responsibilities
Payments Processing Management
- Supervise the end-to-end processing of all payment types including RTGS, EFTs, TTs, Direct Debits, internal fund transfers, and standing orders.
- Ensure same-day processing of payment instructions within the set cut-off times.
- Monitor and verify high-value and sensitive transactions for accuracy and compliance.
Risk and Compliance
- Ensure compliance with internal operational risk guidelines, AML (Anti-Money Laundering) policies, regulatory requirements, and payment system rules.
- Establish and monitor operational controls to mitigate financial, reputational, and regulatory risks.
- Report any suspicious activities, system breaches, or operational incidents promptly.
Team Leadership and Development
- Lead, mentor, and supervise the Payments team to ensure high performance, discipline, and motivation.
- Conduct regular training on payment systems, new regulatory requirements, fraud prevention, and best practices.
- Monitor team KPIs, allocate work effectively, and foster a culture of continuous improvement.
Customer Service and Stakeholder Engagement
- Act as an escalation point for payment-related queries, delays, and exceptions from internal teams and external clients.
- Liaise with IT, Compliance, Treasury, Relationship Managers, and other units to resolve payment issues swiftly.
- Maintain strong relationships with external clearing systems, correspondent banks, and regulatory bodies.
Systems and Process Improvement
- Identify opportunities for process automation, digitization, and efficiency improvements.
- Participate in the testing, upgrade, and implementation of payment systems and platforms.
- Ensure proper system utilization, timely reconciliation, and minimal downtime.
Reporting and Record Keeping
- Prepare and submit accurate daily, weekly, and monthly reports on payment volumes, turnaround times, exceptions, and service levels.
- Maintain organized records for audit, regulatory inspection, and internal review purposes.
Financial Responsibility
- Prevent income leakages, fraud and operational losses
- Commissions & Incomes from all Payments.
Education Requirements.
- Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
- Training in various areas of Operations: - i.e. Fraud Prevention, KYC, CFT & AML, Operation Risk control & Compliance
Work Experience.
- Minimum of 5 years' experience in banking operations, with at least 2 years in Payments and Clearing Supervisory role.
- Strong understanding of banking payments, inter-branch transactions, and utility billing/payment systems.
- Experience working with core banking systems and payments and clearing software tools.
Key Required Competencies & Skills.
Payments Processing Management
- Supervise the end-to-end processing of all payment types including RTGS, EFTs, TTs, Direct Debits, internal fund transfers, and standing orders.
- Ensure same-day processing of payment instructions within the set cut-off times.
- Monitor and verify high-value and sensitive transactions for accuracy and compliance.
Risk and Compliance
- Ensure compliance with internal operational risk guidelines, AML (Anti-Money Laundering) policies, regulatory requirements, and payment system rules.
- Establish and monitor operational controls to mitigate financial, reputational, and regulatory risks.
- Report any suspicious activities, system breaches, or operational incidents promptly.
Team Leadership and Development
- Lead, mentor, and supervise the Payments team to ensure high performance, discipline, and motivation.
- Conduct regular training on payment systems, new regulatory requirements, fraud prevention, and best practices.
- Monitor team KPIs, allocate work effectively, and foster a culture of continuous improvement.
Customer Service and Stakeholder Engagement
- Act as an escalation point for payment-related queries, delays, and exceptions from internal teams and external clients.
- Liaise with IT, Compliance, Treasury, Relationship Managers, and other units to resolve payment issues swiftly.
- Maintain strong relationships with external clearing systems, correspondent banks, and regulatory bodies.
Systems and Process Improvement
- Identify opportunities for process automation, digitization, and efficiency improvements.
- Participate in the testing, upgrade, and implementation of payment systems and platforms.
- Ensure proper system utilization, timely reconciliation, and minimal downtime.
Reporting and Record Keeping
- Prepare and submit accurate daily, weekly, and monthly reports on payment volumes, turnaround times, exceptions, and service levels.
- Maintain organized records for audit, regulatory inspection, and internal review purposes.
Additional Notes
Note: Deadline for this job posting is 13 December 2025 at 5:00pm and only shortlisted candidates will be contacted.
Work Hours: 8
Experience in Months: 60
Level of Education: bachelor degree
Job application procedure
Deadline for this job posting is 13 December 2025 at 5:00pm and only shortlisted candidates will be contacted.
Application Link: Click Here to Apply Now
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