Manager/ Senior Manager, Finance Operation

Dhaka, Bangladesh

Full Time

Experienced

About Palmpay:
PalmPay is a pan-African fintech company currently operating in Nigeria, Ghana, Kenya, Uganda, and Tanzania and expanding to Bangladesh market. We are reinventing the payments experience by making it easy and reliable for everyone to transfer money, pay bills, and shop online.

Key Responsibilities:
1. Trust Account Oversight & Management:

Establish, maintain, and operate Trust Cum Settlement Accounts (TCSA) in line with BB circular no. 06/2021.
Opening TCSA account , obtain regulatory permission and selecting banks.
Ensure the Trust Fund balance is always equal to or greater than the outstanding customer liability at each day-end.
Reconcile daily balances between operational, trust, and settlement accounts.

2. Regulatory Compliance:

Ensure full compliance with Bangladesh Bank’s guidelines on Trust Fund management.
Liaise with scheduled commercial banks and Bangladesh Bank for TCSA-related approvals, reporting, and audits.
Coordinate submission of all required reports, certifications, and disclosures to the regulator in a timely manner.

3. Audit & Reporting:

Implement robust internal control and audit mechanisms related to trust account management.
Work with external Chartered Accountant firms for annual trust audit and ensure timely submission to Bangladesh Bank.
Maintain accurate records for all liabilities, transactions, and interest/income derived from the Trust Fund.

4. Fund Management:

Oversee investments of idle trust funds in FDR or other approved instruments as per regulatory instructions.
Track maturity and ensure timely credit of funds back into TCSA.

5. Governance & Risk:

Maintain segregation of operational and trust funds; prevent co-mingling.
Monitor AML/CFT compliance in relation to all trust account transactions.
Mitigate operational, financial, and reputational risks associated with customer fund management.

Experience Requirements:

Must have at least 5–8 years of experience in financial operations, treasury, or settlement functions in banks, MFS/PSP/PSO, or fintech industry.
Must have Experience handling trust or escrow accounts, TCSA, or regulated financial settlements is preferred

Special Instruction: If you possess experience in MFS, PSP, or PSO, this opportunity is meant for you. Embrace the journey ahead! Apply ASAP.

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Manager/ Senior Manager, Finance Operation

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