ABSA Job Applications – Processor Payments

Job Description:

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.

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Job Responsibilities:

• Add value to the team by: Contributing ideas and opinions, sharing information with other team members.
• Receive and check client documentation for completeness and technical correctness
• Proactively assist other team members when work workload creates pressure.
• Actioning of new Forward Exchange Contracts (C3/X7/C5) deals on FECD.
• Monitor compliance to Service Level Agreements between the ITC and International Banking Operations and report status and deviations to the Payments Team Leader.
• Capture the transactions/ information on the appropriate Banking system within a 24 hour turnaround time by adhering to processing standards (SLA’s)
• Highlighting process and procedural inefficiencies to the Manager
• Match deals booked by Traders and ensure receipt of signed Confirmations and Contracts from clients
• Be proactive to minimize financial losses i.e. write-offs, backdating transactions and reversal of income through executing.
• Maintain all elements of the CIB Risk management model by:
• Cooperates within a team by supporting team decisions and doing his/ her share of the work.
• Buys in to team objectives by relating and interacting with team members.
• Interface with internal and external clients regarding FEC’s and transactions by being a point of contact in the payments function.

Qualification & Experience:

• Grade 12 or equivalent NQF level 4 qualification.
• Higher Diplomas: Business, Commerce and Management Studies (Required)
• At least 1 year relevant experience.

Job Details:

Company: Absa Group Limited

Vacancy Type: Full Time

Job Location: Johannesburg, Gauteng, South Africa

Application Deadline: N/A

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Apply Here

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