Processor Payments at Absa Group Limited (Absa)

Job Summary

• A Fixed Term Contract opportunity has become available in CIB Payments for a Payments Processor. Use your expertise to execute transactions and applications by performing vetting and validating functions on all payments (International & Domestic) with direct client interaction in accordance with laid down policies, procedures and Fit for Processing requirements.

Job Description

Key Accountabilities

• Interface with internal and external clients regarding instructions and transactions by being a point of contact in the payments function.
• Receive and check client documentation for completeness and technical correctness e.g. signature verification, ID & V and FICA compliant.
• Scrutinise the transaction for Exchange Control Approval/completeness.
• Capture the transactions/ information on the appropriate Banking system within a 24 hour turnaround time by adhering to processing standards (SLA’s)
• Buys in to team objectives by relating and interacting with team members.
• Add value to the team by: Contributing ideas and opinions, sharing information with other team members.
• Proactively assist other team members when work workload creates pressure.
• Cooperates within a team by supporting team decisions and doing his/ her share of the work.
• Maintain all elements of the CIB Risk management model by:
• Highlighting process and procedural inefficiencies to the ITC Manager
• Monitor compliance to Service Level Agreements between the ITC and International Banking Operations and report status and deviations to the ITC Payments Team Leader.
• Be proactive to minimize financial losses i.e. write-offs, backdating transactions and reversal of income through executing.
• Actively interacting with colleagues and other parties e.g. International Banking Operations to build rapport and to familiarise self with the work environment.
• Gathering and sharing work related information on how to improve processes and sharing these with the ITC team.

Education and Experience Required

• Grade 12 or equivalent NQF level 4 qualification.
• At least 1 year relevant experience.

Education

• Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)