Gulf Bank (Kuwait)
Operations Officer, Clearing Cheques
- Permanent
- Al Kuwait City, Kuwait
- Experience 2 - 5 yrs
Report job as expired
Job expiry date: 17/07/2025
Job overview
Date posted
02/06/2025
Location
Al Kuwait City, Kuwait
Salary
KWD Undisclosed per month
Experience
2 - 5 yrs
Seniority
Experienced
Qualification
Not applicable
Expiration date
17/07/2025
Job description
The Operations Officer, Clearing Cheques is responsible for processing inward and outward cheque clearings in compliance with Central Bank schedules and KECCS requirements. The role includes verifying technical cheque details, signature authentication, coordinating with branches and RMs for approval/rejection of cheques, and ensuring accurate and timely posting of transactions. The position also requires maintaining proper documentation, adherence to risk policies, Basel II framework, and compliance regulations.
Required skills
cheque clearing
inward clearing
outward clearing
KECCS processing
cheque verification
signature verification
clearing mail delivery
balancing reports
technical cheque validation
central bank coordination
clearing report preparation
non-standard cheque handling
Basel II compliance
risk policy adherence
Key responsibilities
- Post all non-standard cheques received through the normal clearing after ensuring the numbers of cheques received is correct as per the Central Bank schedule.
- Verify technical details of the cheques and signature for accurate processing.
- Receive Branches and Corporate/International Banking approvals/rejections for cheques with insufficient balances, and pass/reverse cheques accordingly.
- Complete final posting according to the feedback received from the Branches/RMs and balance clearing.
- Maintain reports in the file for future reference.
- Check the technical details of all standard cheques received through the Kuwait Electronic Cheque Clearing System (KECCS).
- Verify the customersā signatures on all standard cheques and accept to pass to the sending bank within the timelines and before the session ends.
- In case of discrepancy, assign the correct reason for return and reject the cheque, and balance.
- Check the technical details of all standard cheques received from branches through KECCS.
- Pass the correct ones within the timelines according to the assigned session (T+0/T+1).
- Send the incomplete/incorrect cheques back to the receiving branch for repair.
- Confirm verification of technical details of the non-standard cheques and ensure prompt delivery of clearing mails to the receiving banks.
- Verify Clearing Report branch-wise with the respective cheques to ensure accuracy before preparation of delivery to Central Bank.
- Follow all operational procedures and assist new team members by communicating the same.
- Comply to Basel II framework for all banking operations.
- Work fully within risk policies and procedures and all compliance regulations.
Experience & skills
- Experience with inward and outward cheque clearing processes.
- Familiarity with Kuwait Electronic Cheque Clearing System (KECCS).
- Knowledge of technical cheque validation and signature verification.
- Understanding of Central Bank reporting schedules and cheque delivery processes.
- Ability to ensure compliance with Basel II framework and risk procedures.
- Experience working within compliance regulations and operational procedures.
