Post Trade Services – Cash & Custody Analyst
Absa Group
Date: 1 week ago
City: Johannesburg, Gauteng
Contract type: Full time
Empowering Africa’s tomorrow, together…one story at a time.
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
The Post Trade Services function within Global Markets is looking for an analytical, problem solver that understands payments, FX and cross border payments to join the Network Management team. This person must be able to build out relationships with several key internal stakeholders, in addition to external custody providers and correspondent banks. Network Management is responsible for the cash clearing and custody network that supports Absa’s trading, settlement and clearing requirements.
Job Description
The Post Trade Services (PTS) team plays an important role in supporting business growth, managing risk and the control environment, developing the operating model, and managing change and strategy to build an effective and scalable platform to support successful businesses.
As part of your role, you will:
Higher Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
The Post Trade Services function within Global Markets is looking for an analytical, problem solver that understands payments, FX and cross border payments to join the Network Management team. This person must be able to build out relationships with several key internal stakeholders, in addition to external custody providers and correspondent banks. Network Management is responsible for the cash clearing and custody network that supports Absa’s trading, settlement and clearing requirements.
Job Description
The Post Trade Services (PTS) team plays an important role in supporting business growth, managing risk and the control environment, developing the operating model, and managing change and strategy to build an effective and scalable platform to support successful businesses.
As part of your role, you will:
- Form part of a team that manages operational issues related to the cash clearing and custody network for ABSA Group.
- Analyze Absa’s cross-border payments to ensure that Absa’s cash clearing network is performing optimally.
- Assist in managing projects aimed at optimizing the cash clearing and custody services.
- Monitor the performance of cash clearing initiatives implemented.
- Ensure KYC documentation is updated with Absa’s cash clearing correspondent banks.
- Collaborate with various stakeholders to identify and implement process improvements.
- Prepare detailed reports and presentations for senior management on the performance and efficiency of the cash clearing and custody network.
- Onboarding and implementation of new cash clearing and custody providers
- Analyze Absa’s cross-border payments to ensure optimal performance of the cash clearing network.
- Assist in managing projects aimed at optimizing cash clearing and custody services.
- Provide revenue insights and monitor the performance of cash clearing initiatives.
- Providing insightful information to enable data lead decision making
- Ensure KYC documentation is updated with Absa’s cash clearing correspondents.
- Engaging with stake holders to address cash clearing issues
- Onboarding and setup of new cash clearing accounts
- Ensure pricing is aligned to terms and conditions
- Perform regular reconciliations on our account database against Imatch and various internal sub-ledgers
- Maintain an updated standard settlement instruction list
- Completing reporting on various cash clearing key indicators and tracking projects
- Tracking of revenue initiates
- Relevant B-degree in Finance or Accounting or similar
- 3 years experience in Financial Institutions
- Excellent interpersonal skills including relationship management, communication, teamwork and partnership.
- Proactive and positive attitude and desire to make a difference.
Higher Diplomas: Business, Commerce and Management Studies (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
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