Specialist-Clearing and Settlement- Clearing Afternoon Shift

VACANCY ANNOUNCEMENT No. 16-2023

(External Only)

The vision of ECX is to become a leading and dynamic African Exchange of choice. ECX has a mission to provide a modern, efficient, transparent, and reliable market platform and warehousing service through the adaptation of technology, excellence in innovation, and integrity. ECX is a unique partnership of market actors, Members of the Exchange, and its main promoter, the Government of Ethiopia. ECX represents the future of Ethiopia, bringing integrity, security, and efficiency to the market. ECX would like to promote motivated and qualified applicants for the following positions.

Position: Specialist-Clearing and Settlement- Clearing Afternoon Shift

Job Grade: 7

Duty Station:Addis Ababa/Head Office

Availability: As Soon As Possible

Job Purpose: - The purpose of this job is to handle the entire clearing process completed as per SLA. Confirm NOR records are correct and reconcile with settlement instruction and NOR validation sheet; compile fees, charges, and other payable records on time; generate the necessary clearing records accurately, produce regular reports on time, and manage new commodity clearing design.

SUMMARY OF MAJOR DUTIES AND RESPONSIBILITIES

Generates NOR, confirms and reconciles NOR records with settlement instructions with its validation sheet, and makes NOR ready for distribution as per SLA;

Generates and maintains all system extracted data, clearing related records, reports, and files saved consistently both on the PC, shared folder, and back-up on a hard drive.

Generates operational revenue of ECX and warehouse operator, updates records periodically, and reports the same regularly to the top management of the Exchange;

Ensures necessary clearing records are reconciled with tax extracted report, and report monthly tax information to ERCA;

Interacts with Trading Operations, Exchange Actors Admission, IT, and other functional divisions to ensure a continuous clearing process;

Prepares Post Settlement Adjustment Debit and Credit Tax Notes, updates a respective database, monitors settlement of unpaid Debit Tax notes, and interacts with Trading Operation and Treasury and Budget Control division specific to ECX PSA.

Handles internal and external inquiries specific to clearing service.

Identifies potential risks of the clearing process, maintain and update the division risk register, and report to the immediate supervisor for possible mitigation action,

Performs other duties assigned by the immediate supervisor.

MBA\MA\MSc\BA\BSc - Banking, Finance, Accounting, Business Administration, Economics, or other relevant business field of study

2/4 years of relevant work experience in Domestic Banking Operations, clearing, and settlement, accounting, or related areas