Clearing Operations Officer

Purpose To perform day-to-day clearing operations, ensuring accurate and timely processing of inward and outward clearing instruments in accordance with the Bank’s policies, procedures and applicable SBP and NIFT requirements. The position is responsible for proper scrutiny, processing, verification, reconciliation, record maintenance and coordination with branches and relevant departments.

Qualification & Experience

• Bachelor’s degree in Commerce, Business Administration, Finance or a related discipline. Relevant banking qualification will be an advantage. • Relevant banking experience with sound knowledge of Clearing Operations, inward/outward clearing, cheque processing, returns, NIFT operations and related procedures.

Key Responsibilities

• Process inward and outward clearing instruments accurately and within defined Bank, SBP and NIFT timelines. • Scrutinize clearing instruments for cheque details, signatures, dates, amounts, crossing, endorsements and other required particulars. • Process Normal, Same-Day and Intercity Clearing activities within applicable cut-off times. • Process inward and outward clearing returns accurately and ensure timely communication with concerned branches. • Coordinate with branches and relevant departments for cheque verification, confirmations, discrepancies and resolution of clearing-related issues. • Perform maker-checker controls and ensure proper authorization of clearing transactions as per approved procedures. • Handle NIFT-related clearing activities, files, reports and transactions and ensure timely processing. • Prepare and maintain clearing MIS, reconciliation and other operational reports, including settlement and suspense/GL-related records where applicable. • Identify and escalate doubtful, irregular or suspected fraudulent instruments and ensure required verification before processing. • Maintain proper clearing records, filing, audit trail and supporting documentation in accordance with Bank policies and regulatory requirements.