Job Opportunities at Absa Group Limited (Absa)

Job Summary

• To deliver ops and administration services through the execution of predefined objectives as per agreed standard operating procedures (SOPs).

Job Description

Administrative and operations support:

• Provide administrative and operations support and advice against standard operating procedures

Ad Hoc duties:

• Provide support to customers and team as required to ensure team performance on an ongoing basis

Compliance and Risk Management:

• Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards

Administration:

• Effectively fulfil all required administrative duties, including tracking and reporting

Education

• Higher 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. product development methodology, governance and delivery objectives. Selecting this role has a compensation & benefit impact in Ghana. Please contact Reward for details.

Job Description

Product Innovation:

• Undertake market analysis to determine product/market share opportunities.
• Build product improvement and innovation pipeline inline with opportunities identified

Product Change:

• Plan and manage on-going product Investments, activities and changes

Stakeholder Management:

• Build and maintain effective stakeholder relationships within the industry and within bank to ensure the unit is successfully positioned to manage risks and expectations

Product Performance:

• Manage and monitor product essentials such as but not limited to profitability, sales volumes etc

Risk and Control:

• Ensure that required Regulatory/Compliance requirements for products are in place and understood by all.
• Will require detail understanding of Regulatory environment relating to the product 

Education

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

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Job Summary

• 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

Outputs to deliver this accountability:

• Operations support: Provide operations support against standard operating procedures. 
• Compliance and Risk Management: Fulfil all activities in adherence to relevant control and compliance requirements, and quality standards.
• Secretariat Administration 
• Implement and maintain effective procedures, tools and mechanisms to support key deliverables in respect of the role
• Compile and document process flows and/or procedures on all activities performed.

Education and Experience Required

• 0 - 1 years’ experience in a similar environment
• Bachelors’ Degree or Advanced Diploma in Investment Management, Commerce, Management Studies or related
• Honours or Masters Degree in investment Management will be advantageous
• Business Analysis
• Strong Data Analysis skills
• Reporting and Interpretation

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Job Summary

• To provide specialist advise and support in the preparation of financial statements which are accurate and complete and in line with relevant legislative requirements, through the execution of predefined objectives as per agreed SOPs.

Job Description

Statutory & Regulatory Reporting:

• Produce various financial and non-financial reports for regulatory bodies on a annual and quarterly basis i.e. Statutory (Annual Financial Statements FSB returns, AIMS trustee packs, SARB returns, tax returns PAYE, ITA88, IT88 and EMP201/501)
• Ensure compliance with Financial Reporting Standards (Pension Fund Act), Financial Services Board (FSB), South African Reserve Bank (SARB) and tax regulations by reviewing policies, practices and procedures and comparing to relevant act or standard.
• Produce various financial reports as required by Business i.e. Statutory (Annual Financial Statements, FSB returns, and SARB returns, tax returns PAYE, ITA88 and EMP201/501) and Management accounts which includes balance sheets and income statements as required by AIMS Nominees.
• Prepare annual financial statements for AIMS Nominees in terms of Pension fund Act and FSB requirements for approval by the AIMS Board of Trustees.
• Prepare monthly and annual tax returns of AIMS Nominees for approval by Financial Manager and submission to South African Revenue Services.
• Prepare monthly returns and reconciliation for ITA88 and DWT (Dividend withholding tax) paid to SARS.
• Update process documents on regulatory changes and reporting changes in advance and assist in compliance of changes by providing technical knowledge and expertise.
• Maintain up to date knowledge of Pension fund Act and tax act by attending conferences and seminars or from the staff within Absa/AIMS dealing with the party’s i.e. principal officer or legal/compliance officer or Absa Group tax.
• Provide input on Principal Officer Initiatives and projects relating to regulatory requirements including Tax, SARS, SARB and Pension fund Act.
• Follow up and ensure on journals processed to ensure that all discrepancies are cleared on time within the agreed turnaround times.
• Analyse and identify root cause of any discrepancies detected in the financial accounts of AIMS Nominees and the resolution thereof.
• Complete all monthly reconciliations within the set deadlines by Group Finance so that reconciliations and Journals are correctly prepared for monthly reporting and audit purposes.
• Authorise daily operational payments (internal and externally) on the Absa global payments system.

Trustee Reporting and Financials for Retirement Funds:

• Prepare Trustee packs quarterly during the year (Trial Balance (TB) ,income and all the notes as per the financials)
• Prepare the complete pack of Annual Financial Statements for each retirement and pension fund as per the FSB and Pension Fund Act guidelines and requirements.
• Work with the audit team by preparing accurate year- end file containing all relevant reports and information required by the audit manager.
• Collate requests received from the external auditors, manage the requirements in conjunction with the relevant internal staff in the operations team.
• Ensure the budgeted time line of the auditors is not exceeded by handling and resolving all queries promptly and efficiently.
• Distribute the signed annual financial statements as per the distribution list and submit to FSB yearly.
• Answer e-mails or request from the FSB that they may have or refer to the relevant party/person for resolving feedback.
• Prepare D427 reports quarterly that we will be sent to SARB as per the report guidelines.
• Provide and/or prepare any ad-hoc information as requested by the trustees and management regarding the trustee packs and the annual financial statements.

Accounting Retirement Funds, AIMS Nominees, SARS, FSB and SARB:

• Create processes that are accounting related to create awareness and emphasis on regulations/ accounting principles to be adhered to.
• Prepare reports from AIMS admin system new business, repurchases, switch and fees all of this is normal daily business to calculate the value of all the assets within AIMS Nominees this will include Nominees funds and Retirement funds.
• Put proper governance in place to ensure that monthly reconciliation is done timeously by the Line Managers.
• Reconcile SAP reports to the Retirement cost centre’s and Nominees cost centre 3 so that the SAP reports tie back to the TB or Assets Under Management (AUM) reports.
• Prepare monthly, half yearly and yearly recons/reports to SARS for payments made that reconciles back to reports we will use the report.
• Compare system information to the information received from IT and I-tax consisting of the directives, monthly living annuity payment amount adhoc withdrawals from clients with retirement investments – this will all be part of the monthly EMP201 balance and later the EMP 501 for the yearly and half yearly submission to SARS.
• Prepare and reconcile the monthly recon and payments to SARS for EMP201, IT88, ITA88 and Dividend withholding Tax.
• Prepare on a yearly and half yearly IRP5 and dividend withholding tax recon submissions as required by SARS for PAYE (EMP501) and the dividend withholding tax.
• Prepare quarterly SARB reports by use of the AUM or TB reports that are prepared on a monthly basis and consolidate the data.

Education

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

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Job Summary

• The Absa CIB Consumer Goods & Services Sector Coverage team looks after clients across the FMCG, Retail, Private Education and Professional Services sectors. We cover the entire African continent and follow our clients across all global jurisdictions.
• The Consumer Goods and Services space is an exciting sector to be in due to Consumer Trends, Sustainability, Data, Ecommerce and many other Digitally Lead Considerations, and the consequent transition we face as we work towards a more Connected Consumer Driven demand economy.
• The Analyst in our team is integral to the bankers’ portfolios and assist with developing, growing and maintaining relationships to ensure innovative, fast and efficient delivery of product and service solutions.
• The Analyst role is further crucial to the research, insights, client and media presentations and articles to the wider public presented on our Absa Website and social media channels. In conjunction with the various research houses the analyst will prepare in-country research reports, support in the development of sector strategic initiatives and are intimately involved in developing deal-approval presentations.
• There is also a core responsibility around monitoring and managing budgets, revenue analysis, pipeline tracking and reporting on performance. These form the foundation for the team’s success in growing market share and identifying new markets and client opportunities.
• The ideal candidate should have a minimum of 3 years relevant Corporate Banking experience with specific exposure to finance, credit, risk and financial modelling. Exposure to the Consumer Goods and Services Sector would be an advantage for any candidate considering to apply.

Job Description

Solutioning & Advisory:

• Provide ongoing support to senior bankers in driving business development and subsequently business targets through monitoring and identifying opportunities within the portfolio (cross selling and up-selling)

Client Engagement:

• On a regular basis engage with clients around current and future product requirements to ensure client expectations are met and ultimately value created for business and client

Risk and Control:

• Ensure that all risk and control requirements relating to the portfolio are met and/or implemented as required 

Education

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