Post Trade Services – Cash & Custody Analyst at Absa Group Limited (Absa)

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.

Additional Responsibilities:

• 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 

Accountability: Analytical and Project Management (40%)

• 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

Accountability: Operational Management (30%)

• 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

Accountability: Administrative duties (30%).

• 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

Education and Experience Required

• Relevant B-degree in Finance or Accounting or similar
• 3 years experience in Financial Institutions

Knowledge & Skills: (Maximum of 6)

• Excellent interpersonal skills including relationship management, communication, teamwork and partnership.
• Proactive and positive attitude and desire to make a difference.

Education

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