Processor Payments at Absa South Africa

Job Summary

Join CIB’s Payments team in this exciting Payments Processor role. You will be required to action all trades for the establishment, extension and or cancellation of Forward Exchange Contracts, to generate and distribute the contracts/confirmations for acknowledgement, and follow up the return thereof. You will also be responsible for executing all payment settlements and charges, relating to Forward Exchange Contracts, with direct client interaction in accordance with laid down policies, procedures and Fit for Processing requirements.

Key Accountabilities

Job Description

• Interface with internal and external clients regarding FEC’s and transactions by being a point of contact in the payments function.
• Match deals booked by Traders and ensure receipt of signed Confirmations and Contracts from clients
• Actioning of new Forward Exchange Contracts (C3/X7/C5) deals on FECD.
• Receive and check client documentation for completeness and technical correctness
• 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 Manager
• Monitor compliance to Service Level Agreements between the ITC and International Banking Operations and report status and deviations to the 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 familiarize self with the work environment.

Education And Experience Required

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