Chief Supervisor - Clearing and Settlement

The Chief Supervisor – Clearing and Settlement is responsible for overseeing the daily operations of financial clearing and settlement activities. This role ensures that transactions are processed accurately and efficiently within regulated timelines. It requires deep knowledge of banking operations, financial markets, and risk mitigation procedures, particularly in a high-volume, time-sensitive environment.

Responsibilities:

• Supervise and manage clearing and settlement operations across all payment channels.

• Ensure all financial transactions are processed in accordance with regulatory and compliance standards.

• Coordinate with internal departments, banks, and external stakeholders for transaction resolution.

• Monitor the performance of clearing systems and recommend improvements.

• Handle escalations, discrepancies, and exceptions in settlement processes.

• Develop and enforce internal control measures to mitigate financial and operational risk.

• Oversee the reconciliation of accounts and reporting to regulatory authorities.

• Prepare and review reports on settlement performance and compliance metrics.

• Train and mentor staff on policies, systems, and process updates.

• Collaborate with IT and audit teams to ensure system integrity and compliance.

Requirements:

• Bachelor’s degree in Finance, Banking, or Business Administration.

• At least 8 years of experience in financial services with 3+ years in a supervisory clearing/settlement role.

• Strong understanding of financial instruments, clearinghouses, and regulatory compliance.

• Experience with settlement platforms and banking systems.

• Excellent organizational and leadership skills.

• Proven ability to identify risks and implement corrective measures.

• Advanced Excel and reporting tool proficiency.

• Strong written and verbal communication skills.

• Detail-oriented with a commitment to accuracy and timeliness.

• Ability to manage high-pressure situations and tight deadlines.