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GB1747 - Officer, Clearing

Business Unit: Support Groups
Division: Operations
Department: Central Processing
Contract Type: Full Time
Area/Branches: Head Office
Closing Date: 27-Sep-2016

About Gulf Bank

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 55 branches strategically positioned in key locations across Kuwait.

The main groups of the Bank are Consumer Banking, Corporate Banking, International Banking and Treasury.

Job Purpose:

To perform a wide range of standard and specialized clerical duties with efficiency within CPU for prompt processing of Inward and Outward Clearing


A. Inward Clearing:

  • Post all non-standard cheques received through the normal clearing, after ensuring that the numbers of cheques received is correct as per the Central Bank schedule.
  • Verify technical details of the cheques and signature for accurate posting.
  • Receive Branches and Corporate/International Banking approvals/rejections for cheques with insufficient balance, and pass/reverse cheques accordingly.
  • Complete final posting according to the feedback received from the Branches/RMs and balance clearing.
  • Maintain reports in the file for future reference.
  • Check the technical details of all standard cheques received through the Kuwait Electronic Cheque Clearing System (KECCS).
  • Verify the customers’ signatures on all standard cheques and accept to pass to the sending bank within the timelines and before the session ends.
  • In case of discrepancy, assign the correct reason for return and reject the cheque, and balance

B.  Outward Clearing:

  • Check the technical details of all standard cheques received from branches through KECCS.
  • Pass the correct ones within the timelines according to the assigned session (T+0/T+1).
  • Send the incomplete/incorrect cheques back to the receiving branch for repair
  • Confirm verification of technical details of the non-standard cheques and ensure prompt delivery of clearing mails to the receiving banks.
  • Verify Clearing Report branch-wise with the respective cheques to ensure accuracy before preparation of delivery to Central Bank 

Generic Accountabilities

A.  Policies & Procedures:

  • Follow all operational procedures and assist new team members by communicating the same
  • Comply to Basel II framework for all banking operations

Corporate governance & compliance: Work fully within:

      - risk policies and procedures

    - all compliance regulations

a)Education / Qualifications:

Higher Secondary School Certificate / Diploma in Banking Operations


Good understanding of banking procedures


 1-3 years of banking operations experience

d)   Generic & Specific Skills:

  • MS Office proficient
  • Bilingual in English and Arabic
  • Communication and interpersonal skills
Note: you will be required to attach the following:
1. Resume / CV

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