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  • Posted: Sep 27, 2021
    Deadline: Not specified
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    Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise the possibilities on our continent and beyond.
    Read more about this company

     

    Senior Technical Specialist Payment Partnerships (Everyday Banking)

    Job Summary

    As part of the Payment Partnerships centre of excellence, the role holder will provide oversight guidance, advice, and support to the impacted business product teams in relation to all Card Scheme and Payment System Operator (PSO) change activity.

    Performing the role of a subject matter expert, the role holder will support the establishment of an overall health position of Absa Payment partnerships in relation to Card Schemes and PSO’s supporting transactions flowing via the card payment rails.

    Working in close collaboration with BU product areas, the role holder will analyse the Schemes Bulletins and technical Mandatory Schemes Release documents and size the likely risk or opportunity impact of all bulletins, mandatory releases, and new compliance requirements from the card schemes and PSO’s to inform the decision-making process whether to make the change.

    For all approved change activity, the role holder will form part of the business unit project team to ensure that the requirements are defined, built, tested, and deployed to comply with the new requirement.

    Job Description

    KEY ACCOUNTABILITIES

    Accountability: Relationship Management and Industry representation 

    • Evaluation of the impact of all new bulletins, mandatory releases, and compliance requirements to inform the BU product team’s decision regarding the change.
    • Where additional time is required to comply, compilation of the motivation for a waiver to extend the timeframe to achieve compliance.
    • Ongoing engagements and updates to the Card Scheme or PSO to ensure the correct level of support is available to evaluate and deliver the change.
    • Maintain strong relationships with the Card Scheme and PSO partners and the product level relationships as these relationships will frequently be stress tested in various ways (Commercial, Contractual, Operational, Compliance, Change, New Opportunities etc.).  
    • Facilitate sessions between Product, Group Information Services (GIS) teams, Group Information Technology (IT), Group Finance teams, Product Control and Risk Management (IRM) teams to maintain and track the integrity of payment and settlement transactions across the value chain. 

    Accountability: Reporting, Analytics and Insights 

    • Lead the bi-annual Schemes Mandatory Release kick-off sessions with all the applicable internal stakeholders (Tech, Business, Change, Fraud, Compliance, Risk and Product Control and Design)
    • Schedule clarification sessions with the PSO’s where required
    • Attend all project meetings pertaining to bi-annual Mandatory Schemes Releases
    • Support the Project Manager to ensure regular performance engagements, reporting and assessments are done.
    • Manage and track all Bulletins and Mandatory Schemes Release roll-overs to ensure compliance on an annual basis.
    • Reporting on identified risks associated with changes in the card schemes ecosystem and performance of change initiatives to achieve scheme compliance.
    • Ensure that the BU product teams have line of sight to all applicable compliance programs and the impacted product areas are clear on any potential non-compliance triggers.
    • Recommend changes to the way of work in accordance with best practice in the Card industry. 
    • Identify opportunities for the Card Schemes and PSO’s to share capability that further enhances our overall payments product offerings
    • Contribute to the overall Risk management strategy across the Card payment value chain. 

    Accountability: Financial Management

    • Engage Schemes Finance on any potential price changes applicable to PSO bulletins and Schemes Mandatory Releases.
    • Ensure that all gaps are identified and closed when it comes to revenue and other leakages.
    • Maintain the balancing process between Business, IT and Finance in order to optimize the revenue generated from payment partnerships 
    • Contribute to the optimization of the Absa Card Payment strategy, business planning processes and Book of Work deliverables. 

    Accountability: People Management

    • Support the overall development of the Payment Partnership team activities.

    Education and Experience Required 

    • B Degree or equivalent NQF Level 7 qualification or higher 
    • At least three (3) years Payment’s expertise (i.e., worked in Card Issuing, Acquiring or Payments Environments) 
    • Solid experience of working across external organizations in the payments industry 
    • Analytics and Project Management experience is a distinct advantage. 

    Education

    Bachelor's Degree: Information Technology

    Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.

    Absa Bank Limited reserves the right not to make an appointment to the post as advertised

    Method of Application

    Interested and qualified? Go to Absa Group Limited (Absa) on absa.wd3.myworkdayjobs.com to apply

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