QA Specialist

**Job Role Overview**:
The position appears to focus on managing, optimizing, and supporting various payment processing systems, messaging standards, and trade finance products. This includes ensuring compliance with regional financial regulations, handling cross-border transactions, and managing complex financial messaging formats (SWIFT and ISO).

**Key Responsibilities**:

- **Payments Management**:

- **Book Transfers and Payment Gateways**: Managing domestic and cross-border payment methods, including SARIE (Saudi Arabia), UAEFTS (UAE Funds Transfer System), IPI (International Payments Initiative), and Fawri & Fawri+ (Bahrain). Expertise in **GCC RTGS** (Real-Time Gross Settlement) for efficient fund transfers is crucial.
- **SWIFT Messages**:

- Handling **MT100/101/103** for financial institution transfers, payments, and customer transfers.
- Managing **MT900/910** (confirmation of debit/credit) and **MT940/942** (account statements) to ensure efficient communication with banks.
- **ISO Standards**:

- Working with **ISO 20022** for improved messaging in payment systems (Pain.001 for payment instructions, Pain.002 for status reports).
- Managing cash reporting via **CAMT 052/053/054** for financial reconciliation and account statements.
- **Bulk Payments & Utility Payments**:

- Managing **bulk payments** and **utility payments** (SADAD for Saudi Arabia and Fawateer for Bahrain).
- **Wages Protection System**:

- Compliance with **Wages Protection Systems (WPS)** in KSA, UAE, and Bahrain, ensuring legal requirements for payroll payments are met.
- **Virtual Account Management**:

- Overseeing virtual account structures, ensuring proper tracking and reconciliation of payments for multiple clients or departments under a single bank account.
- **Receivables and Collections Management**:

- Managing incoming payments, tracking invoices, handling overdue payments, and ensuring a robust receivables management system is in place.
- **Trade Finance Products**:

- Managing trade finance solutions such as **Letters of Credit (LC)** and **Guarantees (LG)**, including corresponding SWIFT messages, to ensure smooth international trade transactions.
- **Receivables & Supply Chain Finance**:

- Handling **Receivables Finance**, where outstanding invoices are used to raise short-term finance, and **Supply Chain Finance** (financing provided to suppliers based on buyer creditworthiness).

**Skills & Qualifications**:

- **Payment Systems Expertise**: In-depth knowledge of regional and international payment gateways, SWIFT, and ISO payment standards.
- **Regulatory Knowledge**: Familiarity with compliance frameworks in the Middle East (WPS, SARIE, etc.).
- **Experience in Trade Finance**: Familiarity with trade finance instruments (LCs, LGs) and corresponding SWIFT communications.
- **Analytical Skills**: Ability to manage complex payment processes and identify improvements.

**Tech-Savvy**: Ability to work with ERP systems, payment processing platforms, and financial messaging systems

**Job Type**: Permanent

**Experience**:

- Trade Finance: 5 years (required)

Application Deadline: 03/08/2024