Job Opportunities at Absa Group Limited (Absa)

Job Description

Accountability: Dispatching of Original Wills

• Receive email from the Deceased Estate Branch informing of the deceased estate.
• Send a request to the Filing Clerk WCC (Trust) to locate and extract the relevant customer file.
• On receipt of the customer file from filing clerk, do an identity check on the Magic/Chameleon system (Absa Trust system) to determine if there are more than one Will for the same customer in various filing locations.
• Identify and resolve problems with the relevant Deceased Estate branches e.g. (verify identity numbers of customers with the same surname).
• Keep records of Original Wills being sent to the Deceased Estate Branches.
• Make a copy of the Original Will and place in customer file for record purposes.
• Courier the Original Will to the relevant Deceased Estate Branch that requested it.
•  Update the Chameleon/Magic system to reflect the withdrawal of the Original Will.
• On receipt of telephonic or written request from the customers/Bank, send copies of Wills to them via fax, email or post.

Accountability: Compliance to legislative requirements

• Complete all compulsory compliance and legislation training within the required time-frames as prescribed by Absa Risk.
• Update knowledge and understanding of the Wills Act, by self-study.
• Adhere to risk and compliance policies in terms of Environmental Health and Safety, Information Security, Records
• Management and Money Laundering, Sanctions etc. Non-adherence to Absa's Policy & Procedures may lead to disciplinary action

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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Job Summary

• The Specialist PTS Governance, Risk and Control role is to partner with the business as first line of defence to ensure the embedment of risk management governance frameworks into business processes within Post Trade Services.

Job Description

Overall Purpose of the role

• To execute on the integrated and enterprise-wide risk framework across AGL CIB, a single-minded approach to risks and controls is essential in ensuring that there is uniformity and alignment within AGL.  The Specialist PTS Governance, Risk and Control role is to partner with the business as first line of defence to ensure the embedment of risk management governance frameworks into business processes within Post Trade Services.

Education and Experience Required

• Financial/Risk Management Degree
• In-depth knowledge of risk frameworks
• Minimum of 3-5 years detailed business risk officer knowledge and experience aligned to Banking, Corporate, Treasury and Markets (i.e., Risk and Control Self Assessments (RCSA), Key Indicators, Risk Events, Assurance, Governance, Issues Management and Risk reporting).
• Post trade services / Operations product and process knowledge would be a benefit.
• Knowledge and understanding of the current regulatory environment that CIB operates in.

Knowledge & Skills:

• Networking skills.
• Analytical, numerical skills and a keen eye for detail.
• Planning and organisational skills.
• Ability to understand broader business issues.
• Communication and presentation skills.
• Ability to deal with senior colleagues

Competencies:

• Strong written and verbal skills.
• Excellent work ethic and precise attention to detail.
• Ability to take initiative and to take ownership of projects.
• Ability to work independently with minimal supervision.
• Ability to communicate simply and effectively and work well in a team.
• Ability to share ideas, listen and take on board other’s ideas.
• Willingness and desire to learn and grow.
• Time management skills and the ability to multitask and perform well under pressure.

Education

• Higher Diplomas: Business, Commerce and Management Studies (Required)

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Job Summary

• Newly qualified CA with magic orange and strong technical IT knowledge required to provide and interpret financial information to all stakeholders of the business for informed decision making.

Job Description

Accountability: Financial management and Business Partnering (Magic Orange Reporting)

• Assist with monthly actual cost base submissions to Magic Orange, which includes the reconciliation of the financials.
• Assist with Planning Cycle cost base submissions to Magic Orange, which includes the reconciliation of the financials.
• Assist and provide information from PowerBI (Reporting tool) to Business Units regarding specific requests.
• Work with Finance Business Partners to determine their performance reporting (financial and non-financial) needs and agree deliverables regularly.
• Working with Finance Business Partners to define the cost centre structures and rollup/consolidation to effectively manage the businesses performance.

Accountability: Business Planning

• Work with the Finance Business Partners and participate in the forecasting and scenario planning processes by providing a view on the financial impact on the cluster of changing internal financial strategies and transfer pricing methodologies.
• Advise Finance Business Partners on the process and requirements during the MTP (Medium Term Planning), STP (Short-term/budget planning) and RAF (Revised Annual Forecast) cycles.
• Prepare budget/transfer pricing presentations to be presented to key stakeholders in the planning cycle.

Accountability: Transfer pricing

• Review transfer pricing arrangements in place for group functions charging to the cluster and recharges from the cluster to other business areas.
• Assist with high level Transfer Pricing analysis during planning cycles before numbers are processed.

Accountability: Support to business and Financial leadership

• Translate Cluster strategy into meaningful operational targets for the business unit under management. Ensure that the focus areas are disseminated to all levels in the business unit.
• Drive change proactively aimed at continuous improvement in all areas of the reporting and business.
• Negotiate with the various stakeholders on the targets set and drive the overall achievement of performance objectives in the business unit through the performance management function within the required business parameters.

Accountability: Governance

• Ensure that processes, control requirements and risk management frameworks that have been designed for the area are understood by all members of the team and that these are adhered to on a monthly basis.
• Implement required governance forums to support improved financial management practices within own area of responsibility. (e.g. monthly finance reporting, monthly finance meetings.)

Qualifications and experience required:

• Newly qualified CA(SA)
• Magic orange experience
• Strong Technical IT knowledge

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

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Job Summary

• In this role you will provide specialist value added service and solutions to customers to meet business growth in Trade Finance & International Banking, by customer acquisition, retention and facilitating internal and external relationships across stakeholder touch points.

Job Description

Your accountabilities will include:

• Identifying and reviewing client needs so as to provide advice and deliver products and services by maintaining a strong relationship with clients and stakeholders.
• Resolving client issues appropriately and escalate those unable to resolve to the respective banker or Regional Sales Manager
• Identifying market and industry trends, by analyzing sector research, economic periodicals and industry journals and advise CIB stakeholders and clients on these.
• Regularly identifying and reviewing client needs so as to provide advice and deliver product and services by maintaining strong relationship with customers and being solution oriented
• Joint client visit with coverage bankers to provide customer solutions, and where necessary attend, client visits alone.
• Acting as an ambassador for ABSA with clients and maintain strong long term relationship by applying formal and informal client relationship management techniques.
• Providing advice in the handling of complex client transactions by providing additional insight, detail and information on clients, where appropriate (examples would include credit arrangements or Excon dispensations)
• Educating, sensitising and providing feedback to internal target market stakeholders regarding the joint responsibility to achieve income objectives.
• Establishing relationships with potential clients and pursue opportunities to expand CIB Trade, International Banking & Working Capital  business for the related segment/sector.
• Contracting new business opportunities by identifying current and new clients for expansion in transaction volumes and value extraction through cross selling of products or services.
• Growing own client portfolio by attracting new clients through participating in promotions, at and sales initiatives in order to achieve and exceed contracted sales targets.
• Negotiating and closing deals with customers to realize set targets.

Please send us your CV if you have:

• B Degree in Banking, Economics and Finance
• Current FAIS Qualifications required with minimum 6 months FAIS experience
• 4 years General Banking experience (advantage) plus 4 years International Banking/Trade Finance/ Working Capital advisory experience.

Education

• Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (Required)

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Job Summary

• To maximise the customer experience by ensuring that continuous quick and efficient service is delivered to all Cash Customers through mentoring, coaching and developing staff within Hub and Spoke,
• The process requires careful daily coordination, cash planning, forecasting and management and would need to use a nodal optimization tool to ensure most effective cash management.
• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal ABSA Policies and Policy Standards.
• Understand and manage risks and risk events (incidents) relevant to the role.

Job Description

Key accountabilities

Accountability: Leading a Nodal Cash Hub and Spoke team Internal Perspective

• Responsible for opening and closing procedures for the Cash Centre area as per Cash Centre policies and procedures
• Perform quality checks on high-speed equipment by using the money from Test pack.  Test pack to include fit, unfit and counterfeit banknotes as described in the Minimum standards issued by the South African Reserve Bank (SARB.)
• Regulate the Treasury workflow, i.e. Determine cash flow within area and placement of cash within other areas as per forecast within the Hub and Spoke (order is based on the money requirement forecast received).
• Ensure / Assist Runner to pack cash orders received from clients such as Hub and Spoke in order for ATM custodians to replenish ATM's.  Ensure correct orders are paid to correct custodian.
• Control risk in the Treasury department in line with the Cash Centre policies and procedures. Ensure correct lock up procedures with regards the physical cash and counting are followed at all times.  As per policy for Cash Hub and Spoke (to be accepted) money sealed is at all times under dual control.
• Responsible for daily productivity stats and ensure all weekly / monthly / yearly targets
• Assist Cash Custodians within Hub and Spoke resolving client queries and complaints.
• Custodian for ATM & GBRU and Nodal Cash Planning processes and compliance
• Client contract regarding shortage / surplus and assist within Spokes if required
• Responsible for RIB foreign exchange administration and balancing and reconciliations on a daily, weekly, monthly basis
• Responsible for CIT Capacity approvals (Special Arrangement per register), CIT Cash Management and the Customer complaints management of Hub and Spoke
• Cash devices custodian
• Manage capacity of staff through recruitment of permanent as well as temporary and casual staff and planning of leave.
• Coordinate employees training and identify developmental needs and ensure these are acted upon. Ensure all staff are competent through completion of all required compliance training  
• Establish and maintain effective communication channels and correspondence processes between employees.
• Establish and maintain a succession plan for the team.

Accountability: Minimise operational losses by controlling and Managing adherence:

• Clear the money to SARB when the HUB is over their set cash limit (the HUB’s cash ratio must not exceed 0.61 on a daily basis).
• Complete necessary documentation for clearing as per the policy.  Prepare, pack and tag bags under dual control as per Policy, bag limits and within prescribed policy and procedure.
• Confirm clearance to SARB on the Cash ordering system on FBSS once the money has left the HUB area
• Ensure effective management of cash in the Treasury department. 
• Ensure sufficient money to supply client demands within the Cash limit of the HUB. Order money from SARB (notes) and coins from SBV.
• Capture the physical Cash on Hand (COH) of the Hub and Spoke, the Integrated Cash Management System (ICMS via FBSS) before 10h00.
• Reconcile GLMQ enquiry balance to figure on the Final Reconciliation of Treasury Float
• Investigate all shortages or surplus. 
• Ensure Hub and Spoke is within their limits and balance daily Cash In Transit, (CIT), Coin shortages and SBV shortages Handle shortages according to Cash Management and Control Procedures – Claims Absa Shortage in Cash Delivered by SBV.
• Check all Treasury Registers at the end of each day to ensure that it has been completed correctly,
• Ensure Reconciliation of Treasury Float actual COH.  Sign the Reconciliation of Treasury Float and attach to the Treasury controller Reconciliation of Treasury Float.
• Prepare and reconcile all Treasury General Ledger accounts month end totals.
• Create awareness amongst Hub and Spoke staff to prevent theft and fraud and ensure that control measures are implemented on a continuous basis.  Cash Counts and Bulk Stock checks.  (Floats Treasury / Forex / Bulk  / ATM / Relief Teller etc)
• Coach team members on all the processes and controls that they have to execute in their daily work and ensure that they understand the reasons for the controls and the consequences for failing to adhere to prescribed processes.
• Ensure that all losses identified due to processing errors or internal fraud is documented and logged as Risk and Loss events. Participate in the investigations.
• Ensure adherence to Branch Cash Management procedures / High Cash Volume procedures / ATM Procedures / CIT procedures / Business Rules

Accountability: Build effective working relations with all Strategic Business Units (SBU) by providing a complete service to customers.

• Ensure that staff forward leads to sales consultants to maximise sales - monitor and control the leads process.
• Encourage employees to promote the use of alternative delivery solutions channels to customers.
• Ensure the knowledge of employees is kept up to date on Absa's product range.
• Implement the prescribed process to ensure the recovery of all manual fees in terms of the pricing manual.
• Act as backup for other team members in case of absence or during peak times.
• Perform all other duties as reasonably assigned.
• Act as a coach and enabler to direct sales team members under supervision by providing them with the tools and information to optimize sales.
• Understand and implement local market strategies to maximize opportunities and business profitability. Use market intelligence to meet and exceed the market needs.

Education

• National Certificate: Accounting (Required)

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Job Description

• Experienced Coverage Banker to be appointed as International Banker and assume responsibility for managing the China Global Corporate relationships on the African continent. Will be required to travel extensively in South Africa and Africa for deal origination and execution purposes.

Key Requirements for the role:

• Minimum a bachelor degree 
• Chinese language competencies, including listening, speaking, reading and writing in Chinese
• Strong analytical and research skills
• Solid knowledge and relationship with leading Chinese Global Corporates operating in Africa
• Finance and accounting background preferred
• Passionate about the China Africa business and making a difference to the society
• CFA/CA/MBA preferred
• South Africa permanent resident/citizenship preferred
• Minimum 7 years relevant experience
• Capability to learn things quickly via a combination of onjob training and Absa’s CIB training academy
• Willingness to travel in Africa (up to 40% of the work time, mainly in English speaking South East Africa)

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

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Job Summary

• To develop tactical strategy and delivery plans, formulate associated practice/s and to ensure operational implementation and adoption i.t.o. credit risk management methodology, practice, governance and delivery objectives.

Job Description

• We are a truly African brand, unified and united with one goal: to bring your possibility to life. Our impressive client portfolio includes global and Africa-based multinationals, public sector and institutional clients, as well as financial institutions and global development organisations.
• In this role you will provide credit-focused support with a specific focus on credit sales and deal structuring. You will also work within existing credit policies to structure appropriate bankable solutions for the client and further manage all other credit related issues for the Commercial Property Finance business.

You will also be responsible for:

• Building strong relationships with stakeholders.
• Preparing credit deals up until credit approval for credit in the region
• Performing robust financial and non financial analysis on the client that will support and underpin all new proposals in terms of the clients' credit risk implications.
• Making use of clients' historical data for example, its financial statements to forecast the clients’ potential growth and sustainability.
• Conducting a sensitivity/scenario analysis to determine the impact that a change in, for example the economy, political situation, consumer demand etc will have on the clients’ financial health.

Let’s have a further discussion, if you have a B degree and over 5 years credit analysis experience. It would also be preferred if you have experience in debt structuring, restructuring of businesses, aggregation of financial positions, pref share transactions and/or debt modelling.

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)