Manager Payments and Clearing at I&M Bank Uganda

Location: Kampala, Uganda

Deadline: 13th December 2025

Qualification: Bachelor’s degree in Accounting, Finance, or related field + 5 years’ banking experience (2 in supervisory role).

About I&M Bank Uganda

I&M Bank is a leading banking and insurance group in Eastern Africa with a presence in Kenya, Mauritius, Rwanda, Tanzania and Uganda. I&M Bank Uganda is a commercial bank headquartered at Kampala Road plot 6/6A with a growing regional presence. The Bank offers a wide range of commercial banking and financial products and services, and prides itself on introducing innovative products and services based on the needs of its customers.

Job Summary

To manage and oversee the daily operations of the Payments Unit, ensuring efficient, accurate, and timely processing of all domestic and international payment transactions including RTGS, EFTs, TTs, Cheques, Inhouse postings, Direct Debits, and other related cash movement services. The role ensures strict adherence to regulatory requirements, risk controls, customer service standards, and operational efficiency.

Key Duties and Responsibilities

Payments Processing Management

• Supervise the end-to-end processing of all payment types including RTGS, EFTs, TTs, Direct Debits, internal fund transfers, and standing orders.
• Ensure same-day processing of payment instructions within the set cut-off times.
• Monitor and verify high-value and sensitive transactions for accuracy and compliance.

Risk and Compliance

• Ensure compliance with internal operational risk guidelines, AML (Anti-Money Laundering) policies, regulatory requirements, and payment system rules.
• Establish and monitor operational controls to mitigate financial, reputational, and regulatory risks.
• Report any suspicious activities, system breaches, or operational incidents promptly.

Team Leadership and Development

• Lead, mentor, and supervise the Payments team to ensure high performance, discipline, and motivation.
• Conduct regular training on payment systems, new regulatory requirements, fraud prevention, and best practices.
• Monitor team KPIs, allocate work effectively, and foster a culture of continuous improvement.

Customer Service and Stakeholder Engagement

• Act as an escalation point for payment-related queries, delays, and exceptions from internal teams and external clients.
• Liaise with IT, Compliance, Treasury, Relationship Managers, and other units to resolve payment issues swiftly.
• Maintain strong relationships with external clearing systems, correspondent banks, and regulatory bodies.

Systems and Process Improvement

• Identify opportunities for process automation, digitization, and efficiency improvements.
• Participate in the testing, upgrade, and implementation of payment systems and platforms.
• Ensure proper system utilization, timely reconciliation, and minimal downtime.

Reporting and Record Keeping

• Prepare and submit accurate daily, weekly, and monthly reports on payment volumes, turnaround times, exceptions, and service levels.
• Maintain organized records for audit, regulatory inspection, and internal review purposes.

Financial Responsibility

• Prevent income leakages, fraud and operational losses
• Commissions & Incomes from all Payments.

Qualifications, Skills and Experience

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• Training in various areas of Operations: – i.e Fraud Prevention, KYC, CFT & AML, Operation Risk control & Compliance
• Minimum of 5 years’ experience in banking operations, with at least 2 years in Payments and Clearing Supervisory role.
• Strong understanding of banking payments, inter-branch transactions, and utility billing/payment systems.
• Experience working with core banking systems and payments and clearing software tools.

How to Apply

Apply by sending your CV and documents online at:

Application Link: Click Here

Deadline: 13th December 2025

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