Vacancy title:
Remittance Officer

[Type: FULL_TIME, Industry: Banking, Category: Management, Accounting & Finance, Business Operations, Sales & Retail, Banking, Finance, Insurance & Real Estate]

Jobs at:
United Bank for Africa (UBA)

Deadline of this Job:
Wednesday, June 3 2026

Duty Station:
Head Office | Dar es Salaam

Summary
Date Posted: Saturday, May 23 2026, Base Salary: Not Disclosed

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JOB DETAILS:

Job Purpose

To execute inbound and outbound cross-border and domestic remittance transactions accurately, efficiently, and in compliance with AML/CFT regulations. The Remittance Officer ensures timely settlement, customer query resolution, and operational adherence to SWIFT, local clearing, and correspondent banking rules.

Key Responsibilities

Transaction Processing

• Process remittance requests (wire transfers, drafts, online transfers) via core banking and SWIFT systems.
• Verify beneficiary details, transaction purpose, and supporting documents.
• Ensure correct fee application, exchange rate calculation, and fund availability.

Compliance & Screening

• Screen transactions against sanctions lists (OFAC, UN, EU) and internal watchlists.
• Identify suspicious activity and file Suspicious Transaction Reports (STRs).
• Validate customer KYC/CDD for high-value or unusual remittances.

Exception Handling & Investigation

• Resolve rejected, delayed, or recalled remittances (e.g., missing SWIFT fields, incorrect codes).
• Liaise with correspondent banks, central bank, and overseas partners to trace funds.
• Process amendments, cancellations, and refunds as per policy.

Reporting & Reconciliation

• Reconcile remittance suspense accounts and general ledger entries.
• Prepare daily settlement reports and Nostro reconciliation breaks.
• Maintain logs of all transactions for audit and regulatory submission.

Qualifications & Experience

• Education: Bachelor’s degree in Finance, Accounting, or Business Administration.
• Experience: 2–4 years in remittance operations, trade finance, or treasury back office.
• Technical Skills: Hands-on with SWIFT MT/MX messages (MT103, MT202), payment platforms (e.g., FIS, Finastra), and AML screening tools.

Key Competencies

• High accuracy under pressure
• Knowledge of FX rates and fees
• Problem-solving for failed payments
• Discretion & confidentiality

Work Hours: 8

Experience in Months: 24

Level of Education: bachelor degree

Job application procedure
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