Job Purpose:

Responsible to influence, control and to Manage MasterCard Debit /Credit payment schemes regulatory mandates, reviewing MasterCard weekly MCBS billing, regulatory mandate reports and other security aspects of card operation to ensure aligned with productions with a view to that comply with rules and regulations 

Job Responsibilities:

Operations:

• Charged with reviewing every MasterCard mandate to determine the deadlines for compliance and the related fines.
• In charge of overseeing a MasterCard mandate tracker register.
• Successfully provide the MasterCard mandates to the respective unit in a timely manner for their response.
• Charged with obtaining a delivery date from the relevant unit and ensuring that the mandate's deadline requirements are met.
• Charged with following up with the relevant unit to make sure the deadlines for the mandate are followed.
• If a deadline extension is needed, it is your responsibility to submit a request through the Master Connect portal to the MasterCard compliance unit with solid justification.
• Charged with informing the concerned unit of the extension status.
• Keep note of all steps and update the MasterCard requirement tracker sheet while continuing to keep an eye on the impending
• Ensure that all activities are recorded on the MasterCard mandate tracker sheet, and keep an eye on the next MCBS bills to make sure no penalties are applied for non-compliance. If there are, be sure to notify the relevant unit and the mandate tracker register.
• Charged with informing bank management on the status of the mandate.
• In responsibility of weekly retrieval of MCBS (MasterCard Consolidation Billing Services) via the MasterCard Connect interface.
• In charge of reviewing the MCBS bills for services rendered and determining whether the entries correspond to the subscribed services.
• Charged with moving through with the legitimate MCBS invoices for approval by the approving body. Release the money once it has been approved.
• Tasked with looking into any discrepancy that serves events when using MasterCard and
• In charge of managing an unmatched MCBS service tracker registration for MasterCard events.
• Accountable submit a MasterCard reimbursement request for a relevant MCBS event.
• Responsibilities include following up on outstanding reimbursement claims with MasterCard and AFS and making sure the MCBS reimbursement tracker register is updated with the most current information.
• Manage to proceed with crediting the reimbursement amount to the MasterCard integration GL account after receiving the Credit Note and notifying the relevant unit and the Finance Department.
• To confirm that the Dispute Management procedure complies with the rules and regulations of the MasterCard scheme network.
• In charge of reconciling activity end reports on a daily, monthly, quarterly, and annual basis.
• Ensure the correctness of all revenue and expense transactions, and recommend and put into place system enhancements.
• Oversee high-level activities at card unit level, ensuring proper reconciliation controls across various reports, the implementation of MIS for accounting, and the correctness of closing balances in the General Ledger accounts.
• Charged with ensuring that reports are submitted on time and with correctness.

Filing & MIS Management and Reporting

• Checking all MasterCard Mandate announcement as well as MCBS weekly and monthly summary filing & MIS register.
• Responsible for checking Card Stock Management filing & MIS register.
• Checking all prepared daily, monthly, & annual report to the concerned department or authorities. 

UAT & Other Tasks

• DR site readiness and BCP execution (Business continuity Process)
• Control and manage UAT test script scenarios that must be performed in test environment system.
• In charge of managing the entire test systems test list scenarios.
• Report a defect to ITD for correction and follow up until a resolution is obtained.
• Have the ability to evaluate system performance after every update while preventing negative system effects.
• Succeed in fulfilling the Signe off UAT deadline.
• Leading UAT for Cards & CMU project efficiency through the development of test scripts, UAT testing, reporting test gaps and issues, and UAT test closure.
• Manage and share the test list with the project management team while updating it with test results.
• In charge of notifying ITD of the problem for correction and ensuring that it is fixed.
• In charge of observing system performance following each update while avoiding unintended consequences.
• Accountable for completing Signed off UAT by the specified day and hour.

Diploma /Bachelors Preferred in Accounting or finance with 6 to 7 years’ Experience in commercial banking, digital channels, Card Operations and corporate banking operations.

Preferred training certifications:

• MasterCard/ visa transactions processing overview
• MasterCard/ visa authorization operations
• MasterCard/ visa Clearing a& settlement services
• MasterCard/ visa Cards risk & Fraud management
• MasterCard/ visa Chargeback and arbitrations level 1
• MasterCard billing management system
• MasterCard compliance mandate.

Knowledge:

Extreme knowledge of Banking, MCBS, MasterCard Mandates, Credit Cards products and Payments System, digital payment, PCI, Master connect, Dispute Claim Manger, MasterCard File Express, Quarter MasterCard Report, ability to rear Integrated Product Message Date Element, Finance and  Accounting in Settlement , Authorization, awareness of Dispute Management Rules & regulation of MasterCard, Oman Switch and MPCSS  and  Omani Banking Law.

Skills:

Leadership skills, time management skills, problem solving skills, decision maker capability, project Management capability, stress management, communication skills, learning and planning skills, MS-Office, General Skills in Computer.