Officer, Card Settlement at Stanbic IBTC Bank

Stanbic IBTC Bank, part of the Standard Bank Group, is a trusted name in Africa’s banking sector with over 150 years of experience. As a financial services leader in 16 African countries, we are committed to innovation, exceptional customer experience, and nurturing top talent to drive economic growth and development across the continent.

Role Overview

We are looking for a detail-oriented and efficient Officer, Card Settlement to join our operations team in Lagos. This role is focused on ensuring timely and accurate processing of card-related financial transactions, reconciliation of settlement files, and maintaining integrity in the posting of card transactions into the appropriate general ledger (GL) accounts.

Key Responsibilities

• Oversee the timely reconciliation and settlement of all card transactions involving POS, VISA, and MasterCard networks.

• Ensure accurate posting of customer card transactions into designated GL accounts.

• Monitor and balance daily incoming and outgoing card transaction files.

• Process merchant settlements and ensure proper allocation of amounts to merchant GL accounts.

• Perform daily transaction entries into expense and revenue accounts as necessary.

• Liaise with payment processors such as Interswitch and UPSL to manage card network settlements.

• Upload and manage transaction files in the data repository (Data Store) to ensure compliance and traceability.

• Collaborate with internal teams to resolve discrepancies and ensure seamless card operations.

Qualifications & Experience

• A Bachelor’s Degree in a Science or Social Science discipline from an accredited institution.

• 2 to 3 years of experience in card transaction processing, authorization, clearing, or settlement functions is highly desirable.

• Strong understanding of banking systems and customer-facing financial products.

• Familiarity with payment networks (Visa, MasterCard) and payment gateways (e.g., Interswitch).

Technical Competencies

• Transaction Monitoring & Reconciliation

• Financial Data Analysis

• Risk & Compliance Awareness

• Vendor & Stakeholder Relationship Management

• Knowledge of Financial Systems & General Ledger Usage

Behavioral Attributes

• Strong attention to detail and high accuracy level

• Effective communication and information delivery

• Ability to manage pressure and meet tight deadlines

• Excellent decision-making and analytical thinking skills

• Commitment to ethical conduct and process integrity

Why Join Us?

• Be part of a reputable African financial institution with global reach

• Contribute to meaningful innovation in financial services

• Thrive in a flexible and dynamic work culture

• Enjoy structured career development opportunities

How to Apply

Interested candidates should:
Click here to apply