Junior Specialist: Payments Operations (C&B) at Absa Group Limited (Absa)

Job Description

Accountability: Investigate violations on the SideSafewatch system 90%

• Investigate violations on the SideSafewatch system and perform necessary investigations to accept or reject payments for South Africa and the Africa jurisdictions.
• Extract alert from the queue on the Midbase system and investigate the details of the violation on SideSafewatch to determine whether the information matches positively against any of the official lists.
• Source information from internet, World check, Side Station, MDP (Midbase) and Absa systems as secondary level of information to assist in the decision making process.
• Source information from International Financial Institution (IFI) counterparties to assist in the decision making process.
• Source information from relationship managers from business to assist with the decision making process. Follow up Page 2 of 5 with Relationship Managers where required to finalize the payment within the 48 hour turnaround time.
• Work on the queue as allocated by the Supervisor to meet the cut-off times for each currency.
• Formulate decision to accept / reject or refer payments and capture rationale to the accepted standard on the MDP for future reference.
• Prepare rejection reports to the accepted standard and submit to Second Level Analyst for comments and escalation further up the line.
• Prepare an Exception request when required by the information of a payment, submit to second level analyst for comments and submission to Head of Sanctions and Barclays Group Compliance (GFCM) for approval / decline

Accountability: Compile statistics of daily activities 10%

• Extract daily information management (IM) stats from the various sources and compile daily report to submit to second level to check, consolidate and further submission to Head of Sanctions and Barclays Group Compliance (GFCM) as part of the measurement and record keeping of activities.
• Compile information from various sources to meet the requirements of ah-hoc requests for information as and when required by Head of Sanctions and Manager: Payment Screening

Education and Experience Required

• NQF Level 5: 3-year National Diploma/Higher Cert
• Relevant Diploma/ Certificate in Banking (Preferred)
• Law credit or Law degree (Preferred)
• Minimum of 1 year working experience in a legal or International payments environment (Essential)
• Minimum of 1 year experience in a Compliance Department in a banking sector (Essential)
• Experience in Money Laundering Control and/or Sanctions Screening (Preferred)

Knowledge & Skills: (Maximum of 6)

• Trade Finance products
• Financial Sanctions
• SWIFT message types
• Written and oral communication
• Analytical skills
• Flexibility and resilience
• Attention to detail
• Preferred
• Computer literate

Education

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