Job Opportunities at Discovery Limited

Job Purpose

Reporting to the Head of Treasury Operations and Technology, the Treasury Consultant will be responsible for the day-to-day activities of Discovery Bank’s Treasury Operations area. They are responsible for providing a full range of Treasury Support Services (Back office, Middle Office, and Systems Testing) to the Bank’s Treasury department.

Areas of responsibility may include but are not limited to

• Provide daily end-to-end Treasury support including trade and payment verification, confirmation, settlements, General Ledger posting and payment reconciliation
• Provide system testing support (UAT) on bug fixes, system enhancements and new treasury products
• Reconcile and validate trade capture and day trading activity in timely and accurate manner.
• Assist in resolving trade discrepancies caused from trade failures, breaks, etc.
• Ensure that Treasury related internal bank accounts are reconciled by clearing all exceptions
• Perform daily financial reconciliation between front office systems, payments systems, risk systems & Finance’s GL to ensure data in all systems matches
• Perform variance analysis between Front Office P&L and Finance GL to ensure variances are analysed & explained

Personal Attributes And Skills

• Written and verbal business communication skills
• Intermediate excel skills an advantage.
• Analytical capability and Problem solver
• Self-starter and independent thinker
• Proven track record of working with bank-critical applications, projects, and operations strategies.
• Proven ability to plan, navigate and implement initiatives across multiple areas/platforms/business & functional units
• Experience in managing vendor relationships

Education And Experience

• Bachelor’s Degree in a relevant field
• Banking / Payments related qualifications (ACI/PASA) an advantage
• Minimum five years’ experience in a Bank Payments or Treasury support environment
• Experience in performing system and trade reconciliations
• Good understanding of the processing of financial markets instruments in the following asset classes; Foreign Exchange (FX), Money Markets and Fixed Income
• Systems experience: Calypso and SAP preferred
• Knowledge of Society for Worldwide Interbank Financial Telecommunication pa(SWIFT) is preferred

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Key Purpose

Group Compliance strives to be the most trusted and respected compliance practice in the financial services sector and our motto reflects that we are, Trusted, Visible and Respected within the Discovery Group. The success of Discovery is made possible by our great people. Our Group Compliance department is looking for a knowledgeable, self-starter to join the team as a Compliance Specialist to be responsible for the managing of compliance risks though the employ of policies and frameworks pertaining to regulatory obligations.

Areas of responsibility

The successful candidate will be required, primarily, but not limited to:

• Contribute to the development and implementation of the Compliance programme for Sales and Distribution
• Maintain compliance risk management frameworks,
• Define, assess, maintain and advise on the regulatory universe,
• Develop and facilitate compilation and review of compliance risk management plans,
• Conduct compliance monitoring,
• Compile and submit internal and external compliance reports, and
• Interact with industry regulators, supervisors and stakeholders as and when required.

Skills and Personal Attributes

• Detailed knowledge of local (South African) legislation relating to financial services and able to interpret and apply legislation, including, but not limited to the following: FAIS, Protection of Personal Information Act, Insurance Act.
• Sound understanding of Compliance methodology, working knowledge of all elements comprising.
• Writes in a well-structured and logical way – must have ability to write and review compliance policies and draft compliance guidance notes and reports with detail required to inform the business of regulatory requirements and potential impacts
• Strong listening, organisational and communication skills and able to think in an analytical and conceptual manner.
• Efficient time management skills, including quick turnaround time on quality work
• Able to work well under pressure

Education and Experience

• Relevant tertiary education
• Post-graduate qualification in Compliance Management (advantageous)
• At least five to eight years’ experience within a compliance environment with working knowledge of laws, regulations and codes impacting a group of companies operating in several jurisdictions.