Position Overview
Zanaco Bank Plc is inviting applications from suitably qualified and experienced individuals for the following job aimed at contributing to the Bank’s strategic vision, in the Operations Division under the Consumer Operations at Head Office – Support Functions:
Role Description
· Management of the Visa/MasterCard, UPI and NFS and digital channels Settlement process and ensure that all card related General Ledger accounts don’t have overdue items.
· Review of recon tools from time to time to ensure they work according to agreed objectives on respective electronic channels
· Sending of claims regarding card transactions on Zanaco POS as well as other electronic channels ensuring they are sent in a timely manner and that there are no delays.
· Agent Banking- Timely processing of Commission uploads to the Zanaco Xpress Agents
· Reconciling of the reports with the Switch report and ensuring that timely action is taken on exceptions.
· Timely Processing of reversals on card transactions affecting Merchants and Card Holders and General ledger Accounts
· Digital/Customer Experience-Query resolution within timeline on all interbank POS and manual collection of Account maintenance fees.
· Report any operational flaws or challenges in the process flow to increase service quality or efficiency.
· Build and enhance positive working relationships with external and internal stakeholders
· Monthly reporting on deliverables to BOZ, Visa and Mastercard.
· Customer query resolution.
· Reconciliation of VISA CTF files with EP reports to ensure all settled transactions are captured in the Output reports.
· Review of Card Payments General Ledgers (GLs) to ensure that they are operating within the GL policy and that all outstanding entries are investigated and resolved.
· Review of Visa Monthly charges and Visa Quarterly fees.
· Manage customers’ card accounts and card related issues (including Card Fraud Risk Management).
· To Ensure all risks applicable to Visa and other Card Schemes are identified, reported and captured in the risk register.
· To participate in the annual review of procedure manuals when requested and advise on work flows.
· Perform any other responsibilities as may be assigned by management
Key Outputs
Success Measures
Inputs and Behaviors
Measurement Methods
Card Payments Process and procedure availability and Improvement
Updated and efficient processes
Smooth workflows
Review and provide input into the department’s Processes and procedures
Ensure adherence to processes and procedures by all team members
Monitor processes to identify glitches and propose improvements
Process and procedure documents
TAT on processing
Customer Service Management
Service delivery within SLAs. Delighted customers
Efficient customer disputes resolution within SLA
Satisfied clients, measure via:
-Decreased complaints about Card payment processing
-Increased compliments
Positive public perception of the bank as a reliable service provider
Ensure all card settlements are processed timely and accurately to avoid errors and delays which may inconvenience the customer
Ensure efficient and effective resolution of card operations escalated problems and that all card operations processes are functioning efficiently in liaison with relevant IT and channel support staff
Formal and informal feedback
Internal and external NPS score/surveys
Settlements management
Up to date Visa and other card Settlements
Zero penalties/charges due to delayed settlements
Sufficiently funded settlements account
Accurate and timely processing of all Settlements
Reconciliation of the settlement accounts to ensure all outstanding card transactions are processed to avoid delays
Monitor settlement account to ensure it is sufficiently funded at all times
Settlement account statements/MIS
Revenue Collection
Achievement of Card payments income targets and bank’s PBT target
Zero income leakages
Collection of card transactions charges to ensure that appropriate charges are in effect
MIS reports
Compliance and risk management
Satisfactory audit ratings and inspections
100% compliance to all internal policies, regulatory guidelines and card payment standards
No regulatory breaches, fines, penalties
Zero/minimal losses due to Card payment related frauds
Ensure compliance to all Card payment processing standards, Payment legislation, regulations and all relevant requirements
Proactively identify and mitigate possible, compliance, operational and reputation risks where possible
Ensure Timely Resolution of audit findings
Clear all outstanding/open Audit queries
Timely submission of all relevant regulatory returns
Audit/Inspection reports
Regulatory returns
Availability of accurate and timely Management Information
Timely submission of accurate and insightful periodic reports particularly on card settlements
Informed Management/Business decisions
Prepare and submit relevant reports to Regulators, Card systems Partners (Visa, Master etc) and to Card Payments support Head
Highlight challenges and recommended actions for improved operations
Relevant Reports, recommendations and regulatory returns
Visa Operating Certificate and MasterCard returns
Team Work
Productivity benchmarks are met (as per job description and KPI)
Prioritizing and assigning work assignments
Working with peers on resolution of complex requests or problems
Informal and formal Feedback
Performance contracts, documentation and SLAs
Requirements
JOB DIMENSIONS
FINANCIAL DIMENSION
Funds:
Cost control and collection of all income due to the bank for card related transactions
MANAGEMENT DIMENSION
Direct Subordinates:2
Indirect Subordinates:1
INTERNAL/EXTERNAL CONTACT
External:
Visa MasterCard: Payment Express, Union Pay International, NFS
Internal:
All Bank staff and departments
DECISION MAKING
Autonomous Decisions:
· Work allocation within the section
Non Autonomous Decisions :
·
QUALIFICATIONS/EXPERIENCE
Education:
· Grade 12 School certificate
· University Degree
Minimum Experience:
5 years’ experience in payments/card operations and e-channels.
COMPETENCIES
· Leadership Skills
· Attention to detail
· Analytical thinking
· Interpersonal Skills
· Delighting Customers/Customer service orientation
· Accountability
· Drive for results
· Problem solving
· Teamwork
· System Technical Expertise
Reference Documents (Frameworks and Boundaries)
BAZ Code of Banking Practice in Zambia, National Payment Systems Act No.1 of 2007, Anti-Money Laundering regulations, management circulars, Visa/Mastercard Standards PCI DSS
Operating environment
e.g. Physical Demands, Mental Requirements
Alert and Energetic
Disclaimer
ONLY SHORTLISTED APPLICANTS WILL BE COMMUNICATED TO.
Zanaco provides equal opportunity in employment for all qualified persons and prohibits discrimination in employment (women are encouraged to apply).
Quick Info
Head Office – Support Functions
Permanent & Pensionable
Application Deadline
Apply by May 21, 2026
Sharing is Caring! Click on the Icons Below and Share