Description

Job Title: Visa International Settlement Officer

Responsibilities

• Daily Settlement of visa international Acquired & Issuing transactions including Merchant refunds and issuer/acquirer chargeback to VISA Credit customers
• Settlement of international NOU transactions for the following card types: visa credit cards, visa prepaid (NGN & USD), and visa Gold.
• Contact and follow up with Emerging Market Payment (EMP- our third party processor) for credit cards & Unified Payments Services Limited (UPSL) on exceptions arising from daily settlement files.
• Review with Ebusiness and processing of VISA International monthly billing to the Bank (training costs, issuer fees, acquirer fees, etc.)
• Use VSS reports (110,120, 210 and 300) int’l to process the breakdown the settlement values into various settlement and subsidiaries accounts.
• Visa offshore account funding: Reconcile the visa credit card offshore transactions to determine the figure that will be reimburse to offshore account.
• Prepare schedules and instructions to corporate loans department and treasury department for re-imbursement of offshore VISA Settlement Account with SCB NY with funds recouped from First Bank VISA cardholders for transactions done internationally
• Review and resolve discrepancies and issues raised on domiciliary accounts as related to
  VISA Int’l transactions
• Monitor the VISA Settlement Account with SCB NY to ensure it is adequately funded to receive the daily Net Settlement amounts. VISA AC
• Advise treasury deal margin for VISA ACOB currency conversion for the bank to buy dollar and we receive the naira equivalent at an advised rate.
• POS ACQUIRED DOLLAR process for settlement of merchants for transactions consummated on the merchant’s terminal.
• As part of the Bank’s Information Security requirements, maintain the security of all Information entrusted to the staff and comply with the principles and policies in the Information Security Handbook

Requirements:

• Minimum Education: B.Sc/Hnd In Any Discipline, Preferably A Numerate Discipline.
• Familiarity with electronic banking products is very essential. – analytical skills and willingness to learn is key recruitment criteria.

Before you Apply: Here is an interview Q and A for you: Click here

NOTE: Here is why some companies may not hire you.

Up Your Skill: Take Paid Courses HERE for free

Are your skills still relevant in 2025-2030? Check it out Here