Absa Vacancies

To apply, click on the link at the end of the posts and all the best with your applications,

Finance Business Partner

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryTo support and educate line managers in the execution of finance related activities and monitor line adherence to Finance best practice and principles.

Job Description

Accountability: Managing the Finance Environment

• Execute strategic objectives as articulated by the Chief Financial Officer (CFO) for the Business Unit (BU) explaining key focus areas to Executives and line managers.
• Review and present monthly financials and variance commentary at Business Unit Manco meetings and where required support the Senior Finance Business Partners with presentation to EXCO Meetings.
• Implement and monitor cost control initiatives within the different functional areas within the Business Units to achieve overall Business Unit cost targets.
• Track cost savings benefits for the different centres within the business unit for which the role is responsible as and when required.
• Implement programmes and financial systems and policies as may be directed by the Senior Finance Business Partner for the financial year.
• Compile and present Financials to the relevant business owners monthly including financial actuals against forecasted trends.
• Conduct research and develop financial forecasts and indicators for the business to enable effective financial decision making and early warning systems.
• Participate in business initiatives or Group and Cluster financial initiatives on behalf of the business unit where required and ensure deliverables and frameworks are effectively implemented in own area of responsibility. (e.g. financial transfers between business units, group financial projects and business unit level financial drives and programmes).

Accountability: Financial management and Business Partnering

• Allocate duties to team members where required to execute and coordinate finance activities required within the business unit to ensure adherence to sound financial management and accounting practices within Business Unit.
• Monitor financial trends and identify gaps, based on gaps identified, motivate requests and new ways of work to the Senior Business Partner for additional resources including people, budget and equipment
• Obtain a thorough understanding of the business unit’s strategy and explain it to team members in such a way that they understand the contribution they must make
• Provide financial advice and guidance to line managers and business owners on new initiatives, current budget management practices and trends in expenditure in their areas of accountability.
• Explain targets and take accountability for the monitoring and achievement of own and team performance objectives in the department in terms of return on investments, financial risk, financial planning and governance. Create and present quarterly and monthly plans to ensure delivery for the year.
• Manage departmental budgets including signing off invoices and quotes within mandate. Escalate out of budgets or items higher than approved mandate to the next level manager.
• Rigorously monitor expenditure against approved budgets for the areas of accountability and put measures in place to address variances. Continuously identify areas for improved efficiency and reduced cost.
• Conduct basic statistical analysis to track performance variances and determine the root causes of errors. Make recommendations for productivity or process enhancements to process owners
• Implement productivity improvement measures by coaching line managers on any new processes or on their areas for improvement.
• Populate balanced scorecards for the specific department monthly. Work with the team to address shortcomings during the next month. Escalate any major issues identified to the next level manager

• Participate in the measurement and reporting of internal and external Service Level Agreements monthly.
• Address any process failures specific to the department under management.

Accountability: Business Planning

• Partner with the departments and the BU line managers to complete sound annual financial plans within the agreed timeframes.
• Review the 3 year forecast for Medium Term Plans (MTP’s) for the area of accountability in accordance with BU strategy annually.
• Review the 3 year forecast for Short Term Plans (STP’s) for the area of accountability in accordance with BU strategy annually
• Review the 3 year forecast for Revised Annual Forecast (RAF) for the area of accountability in accordance with BU strategy annually
• Review the expenditure against budget with accountable managers monthly and engage on areas of over expenditure or cost opportunities and help line managers to implement initiatives where budget savings can be made.

Accountability: Governance

• Authorise the reconciliations submitted in terms of the GL Framework from the Finance Business Partner (FBP) monthly.
• Ensure that processes, control requirements and risk management frameworks that have been designed for the area are understood by all members of the team and that these are adhered to monthly.
• Monitor compliance training undertaken by team members and ensure that they complete the required training within prescribed timelines.
•  Implement required governance forums to support improved financial management practices within own area of responsibility. (e.g. monthly finance reporting, monthly finance meetings.

Education and Experience Required

• NQF Level 7 / BCom Accounts
• CA (SA) / CIMA/ Honours / Master’s Degree
• Minimum 3 years financial management experience

Competencies: (Maximum of 8 competencies)

• Deciding and initiating action
• Learning and researching
• Entrepreneurial and commercial thinking
• Relating and networking
• Adapting and responding to change
• Persuading and influencing
• Creating and innovating

EducationBachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

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

Senior Finance Manager: Payments and Setlements

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryTo develop tactical strategy and delivery plans, formulate associated practice and to ensure operational implementation and adoption across a single practice i.t.o. Finance methodology, governance and delivery objectives

Job Description

Job Description

Financial Reporting:

• Prepare financial reports, both management and adhoc, by coordinating the execution of the day to day and general accounting functions in order to enable decision making.
• Present monthly reports by ensuring the completeness, accuracy and relevance of the information to be presented to enable Group Finance Management Team to make informed decisions.
• Prepare, sign off and discuss the short term plan (STP), medium term plan(MTP) and rolling forecast(RAF) and budgets with the relevant stakeholders to enable consolidation into Finance forecast and budget. Work with the team to consolidate the financial plans generated by MTP, STP and RAF and sense check the consolidations prior to recommending 2 approval by the Head of Group Finance

Advisory Support:

• Provide advice and support to management on financial risks that might have an impact on profitability by discussing at regular intervals all financial related matters

Financial Control and Compliance:

• Sign off on the quarterly supplementary schedules and attestation to Group Finance prepared by the relevant staff in the prescribed format.
• Maintain appropriate internal controls in line with Absa group policy by reviewing regularly all variance reports and other reports where applicable. Interact with the Internal and External Audit team and provide necessary information as and when required Ensure cost centre Managers comply with all regulations and policies when reflecting the financial position of the business

Stakeholder Management:

• Communicate financial policies, procedures, standards and guidelines to the Senior Business Manager and Group Finance Management Team.
• Support projects by developing the financial component of the business case that is created by the management team to actively track and change benefits and costs of the project. Provide strong support to the operational team by having regular meetings with to share financial performance.

Executive Administration:

• Prepare the key themes, presentations and reviews for the Senior Business Manager and assist with detailed content when required. Ensure that presentations are packaged to reflect the business unit’s brand and the Senior Business Manager’s preferred style.
• Screen requests for meetings or events to be attended by the Senior Business Manager and determine which ones would be appropriate for personal attendance and which ones should be delegated to other managers in the business unit.
• Sign off proposals, quotes, invoices etc. based on the mandate delegated by the Senior Business Manager.

Qualifications:

• Chartered Accountant with more than 3 years post qualification experience
• Product system knowledge, especially, cheque and savings chassis is required  banking experience is required 
• Very strong auditing, financial control, product control background is required

EducationPostgraduate Degrees and Professional Qualifications: Financial Sciences (Required)

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

Junior Learner

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryParticipate in learning programme/s in order to maximise individual and organisational development benefit/s through the execution of predefined training objectives.

Job Description

Workplace experiences: Attend and participate in all workplace experiences against agreed development objectives | Learning: Attend and participate in all training and development interventions against agreed development objectives | Ad Hoc duties: Provide support to customers and team as required to ensure team performance on an ongoing basis | Administration: Effectively fulfil all required administrative duties, including tracking and reporting | : | : | : | :

EducationGET Certificate: Business, Commerce and Management Studies (Required)

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 advertise

Officer: Trust

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryTo process financial transactions accurately and timeously through the execution of predefined objectives as per agreed standard operating procedures (SOPs).

Job Description

General Administration of Trusts:

Stay updated on relevant knowledge and skills by reviewing communications from the legal department and attending informative sessions.

Review and approve information captured in newly opened trust files, ensuring accuracy according to the Will or Trust Deed.

Prepare and submit letters to SARS for taxpayer registration, as well as welcome letters and needs analysis forms to clients.

Provide security to the Master of the High Court when required, completing necessary documentation and arranging insurance.

Manage legal operations of trusts, including obtaining Letters of Authority from the Master of the High Court.

Arrange insurance for trust assets and ensure timely payment of premiums.

Handle property-related matters such as rates, taxes, tenant management, and asset transfer and insurance.

Prepare and manage monthly debit orders for client allowances and handle ad-hoc payments.

Evaluate client requests, prepare recommendations, and facilitate payments, ensuring adherence to trust guidelines.

Client Services:

Interact with walk-in and telephone clients, addressing inquiries and discussing trust matters.

Respond to client requests and queries via various communication channels, ensuring timely resolution and payments.

Keep clients informed of trust fund processes, procedures, and progressions.

Investments:

Create and review investment proposals, ensuring compliance with regulations and trust guidelines.

Present investment proposals to the Investment Committee and oversee implementation of approved investments.

Maintain accurate records of investments and file proposals for record-keeping purposes.

Check Accuracy of Risks/Reports:

Verify risk reports and reconcile discrepancies, correcting transactions and details as necessary.

Ensure timely submission of reports to management and implement correction measures where needed.

Formulate Year-End Statements:

Check accuracy of financial statements, prepare manual statements if necessary, and ensure timely distribution to beneficiaries.

Verify tax schedules and certificates of maintenance and follow up on outstanding addresses and returned mail.

Ensure compliance with year-end statement procedures outlined in the Trust Manual.

SARS E-filing:

Submit annual and provisional tax returns for trusts, verify assessments from SARS, and maintain accurate records for audit purposes.

Manage payments to SARS and ensure compliance with tax deadlines and regulations.

Additional Responsibilities:

Perform other duties as assigned by management.

Education and Experience Required

•          NQF Level 6: B Degree

•          B degree in Law (NQF level 6) (Preferred)

•          Estate and Trust Diploma (NQF level 5) (Preferred)

•           Certificate in Deceased Estates Administration via LEAD (NQF level 7) (Preferred)

•          Advanced Estate and Trust Diploma (NQF level 6) (Preferred)

•           Two (2) years’ experience in the fiduciary environment as trust officer (Essential)

•          Three (3) years’ experience in the trust environment (Essential)

EducationFurther Education and Training Certificate (FETC): Financial Sciences (Required)

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

Manager Reconciliation

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryManage the preparation and submission of daily/monthly recons for attestation. Includes the raising of the necessary IAR and BNR. Substantiation of the reconciliations in accordance to the AO&R policy. Manage adherence to policies, procedures, risk and controls. Responsible to assist with strategy and business requirements of reconciling the general ledger and associated sub systems. Provide leadership to team and provide assistance and cover for the manager. (2IC)

Job Description

Accountability:  Manage – Balancing and Reconciliation (25%)

• Manage the teams’ delivery to confirm completeness and accuracy of the reconciliations prepared by the reconciler and approved by the reviewer.
• Review the activity of the reviewer and reconciler, under their leadership and ensure correct mandates and controls are adhered too.
• Ensure that the teams understand their responsibilities and raise any concerns to the Line Manager in respect of any training needs;
• Review identified items at risk and advise the line Manager and/or the business
• Controller of any corrective action where required.
• Monitor the differences that team members have identified, and escalate any major differences or out of balance or any other discrepancies immediately to the line manager and/or business.
• Monitor the issues identified by the team on the relevant system on a daily basis and follow-up long outstanding issues
• Monitor that Absa policies are adhered to with regards to the reconciliation disciplines, service level agreements and general ledger accounting as per AO&R policy.
• Develop and sustain knowledge and experience on the end to end processes, including product systems and general ledgers, in order to support business units with enhanced service delivery
• Engage with Internal Audit and External Audit in the various audits within scope of responsibility.

Accountability:  Risk and Control (30%)

• Assist  in  implementing  all  processes  and  controls  required  and  understand  and communicate any Risk management frameworks to team that impact the area.
• For accounts not fully reconciled or where long outstanding items have been identified, these need to be escalated to the line manager and/or business controller.
• To minimize Risk and to prevent loss.
• Manage identified IAR (items at risk) and advise the line Manager and/or the business controller of any corrective action where required;
• Monitor  the  differences  that  reconcilers  have  identified,  and  escalate  any  major differences or out of balance or any other discrepancies immediately to the line manager and stakeholders on a daily basis.
• Assist with any Audit findings raised and work to close out these in the required time frame.
• Monitor the issues identified by the reconciler on the relevant system on a daily basis and follow-up long outstanding issues.

Accountability:  Business Management (10%)

• Recommend process or other changes as required in order to streamline processes and enhance efficiency.
• Identify and/or recommend changes to be made to the reconciliations, based on the review performed, from the reconciler prior to escalation to the line Manager
• Continuously  identify  areas  to  improve  efficiency  and  reduce  costs  by  enhancing business processes.
• Explain targets based on the strategy to   the   team and take   accountability for   the   monitoring and achievement of performance objectives in the department in terms of employee satisfaction, customer experience, cost performance, return on investments, risk, and compliance and governance requirements. Create quarterly and monthly plans to ensure delivery for the year.

Accountability:  Customer Service (5%)

• Manage and assist with escalations of all queries received. If unable to resolve refer to line Manager for Guidance.
• Provide Direction and input to enable Business Units to manage and resolve client and balancing issues
• Build relations with the users in order to assist in resolving queries by meeting with them on an ad-hoc basis.
• Build relationships with stakeholders and be aware of any internal and/or external system and/or industry changes that will impact our business and support stakeholders when needed.
• Guide users with queries on rejections, error recycle and journals.
• Assist business with reconciliation and balancing problems that may arise by providing expert advice or conducting investigations into suspect or non-standard reconciliations
• Ensure effective customer service. Determine the root cause of the problems and assist with resolution.
• Ascertain  clients  (internal  or  external)  needs  through  probing  and  listening  to determine the root cause of problems and to ensure effective service.
• Ensure the satisfaction of the customer (internal or external) needs by ensuring the team deliver efficiently, ensuring high quality of work and by meeting the required deadlines
• Assist staff with unresolved or complex queries from clients within SLA of receipt to ensure query resolution.
• To follow up and support the branches/SBU’s to clear the outstanding items.

Accountability:  People Management (25%)

• Manage the performance of the team by implementing the appropriate actions as required by the Performance Development process of the Group (i.e. contracted performance development plan which is reviewed regularly in line with the formal PD cycle)
• Identify,  coach  and  manage  talent  within  the  team  and  implement  appropriate development actions to grow and retain staff.
• Formulate  and  implement  effective  succession  planning  for  the  team  to  ensure coverage for all key positions.
• Undertake disciplinary action where necessary in accordance with the Group’s disciplinary policy and procedures.
• Document and maintain all  HR related staff documentation and files for team and self
• Support teams self-development.

Accountability:  Personal Development (5%)

• Ensure adequate and relevant training for the role resulting in full competent delivery on all contracted objectives. This includes the completion of the compulsory online training modules.
• Take ownership of one self-development and Performance/objectives plan. Ensure this is in place: request one if not.
• Ensure complete hand off of information around all processes and procedures related to your role are communicated to the new incumbent.

Education and experience required

• Diploma/Degree or Min NQF6
• 5 – 8 years banking Experience in a Reconciliations function
• 1-2 years Leading a team

Knowledge and skills: (Maximum of 6)

• Ability to effectively manage a team
• In-depth Accounting knowledge
• Planning and organizing
• Intermediate Computer literacy (Microsoft)
• Ability to communicate effectively
• Numerical competence
• Problem solving ability with a strategic outlook

Competencies: (Maximum of 8 competencies)

• Leading and supervising
• Delivering results and meeting customer expectations
• Working with people
• Deciding and initiating action
• Coping with pressure and setbacks
• Persuading and influencing
• Creating and innovating

EducationBachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)

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

Data Delivery Lead

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryAre you passionate about machine learning (ML), artificial intelligence (AI), and data innovation? Do you thrive in a fast-paced environment and have an entrepreneurial mindset? Join our team as a Data Delivery Lead for ML/AI and drive the transformation of our clients’ experiences in banking through cutting-edge technology.

You will be responsible for maximizing the value of our ML/AI product landscape. You will navigate complex ecosystems centered around data and AI, supporting the technical aspects of AI use case implementation. Your primary stakeholders will be technology and data specialists.

Job Description

Key Responsibilities:

• Delivery Assurance:
  • Define the AI product vision from a technical perspective.
  • Collaborate with stakeholders to translate business goals into AI product development.
  • Drive the delivery of solutions across product, operations, and technology teams.
  • Manage product development initiatives from inception to execution.
  • Provide technical oversight and dependency management for AI/data initiatives.
• Planning and Coordination:
  • Ensure appropriate planning and prioritization of AI projects.
  • Maintain and refine a prioritized backlog of AI features and user stories.
  • Facilitate cross-collaboration between business stakeholders, data scientists, and development teams.
  • Guide sprint planning, execution, and participate in sprint reviews and retrospectives.
• Risk and Quality Management:
  • Identify and mitigate potential risks associated with AI products.
  • Collaborate with quality assurance, engineering, and data science teams to ensure the quality and reliability of AI solutions.
  • Monitor product performance and iterate solutions based on metrics and user feedback.
• Stakeholder Management:
  • Engage with stakeholders regularly to gather feedback and insights.
  • Demonstrate the value of AI solutions through effective communication and presentations.
• Capability Performance:
  • Stay informed about emerging technology trends and breakthroughs in AI/data products.
  • Provide thought leadership and expertise in ML/AI capabilities.
  • Develop processes and provide guidance to improve data quality and trust.
• Benefits Optimization:
  • Utilize analytics to understand clients’ value chains and business processes.
  • Identify and innovate opportunities to provide solutions that create client value.

Qualifications:

• Degree in Engineering, Computer Science, or a related field.
• 5-8 years of experience in data delivery projects within an agile environment.
• Experience as a Data Delivery Lead.
• Product Management and/or Scrum Master certification is highly advantageous.
• 3-5 years of experience in Product Management and/or as a Scrum Master.
• Team and people management experience.
• Experience in an investment or commercial bank is desirable.

Preferred Skills:

• Exposure to big data technologies such as Apache Spark, Hadoop, and AI.
• Expertise in Databricks is highly advantageous.
• Strong problem-solving skills and the ability to coordinate across multi-functional teams.
• Proven track record in Scrum Master/product owner roles.
• Strong relationship-building skills and attention to detail.

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

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.

Procurement Support Specialist (KYC)

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job SummaryTo deliver procurement administrative support services through the execution of predefined objectives as per agreed standard operating procedures (SOPs)

Job Description

Planning and delivery of business services activity:

• Solve all incoming sourcing queries e.g. obtain documents to get vendor approved on Absa system, enquiries whether vendor is approved by following the guidelines on approval.
• Develop and maintain relationships with relevant SBU’s e.g. Absa Group Sourcing; Drake & Scull; BTB Forum on a regular basis so that AIC is up to date on any new procurement methodology from Group Procurement.
• Develop and implement administrative change initiatives to improve the sourcing and procurement activities within the CRES environment by updating supplier records documents on time and to do follow up on all outstanding documents.
• Monitor compliance to source policies by analysing data supplied and take corrective action by contacting each user that followed incorrect sourcing method or used non-approved suppliers.
• Propose cost-saving initiatives e.g. replacing old equipment in AIC sites and branch sites within AIC.
• Assist with audits of vendors to check if they are still approved and BEEE compliant.
• Obtain documentation from non-approved vendors to apply for vendor approval via Absa Group sourcing.
• Ensure that all outstanding documents i.e. BEE Certificates and Public Liability Certificates, are received from the supplier and updated on the system to comply with the policy requires.
• Ensure that required documents are correct by checking that it is certified and legible. Ensure that correct names of suppliers are used on the system by comparing them to the original Business Registration documents of the supplier.
• Change suppliers’ banking details on receipt of documentary proof from the supplier on ASTI.
• Process all procurement vendor invoices by getting sign-off from management and processing the payment on SAP system. File and keep all communication documents between AIC and suppliers in the suppliers files for reference purposes Team Work:
• Attend regular meetings with business units to address the procurement needs of the business unit.
• Contribute to the embedment of compliance awareness of service providers in the business unit by loading preferred suppliers on the ASTI system and advising CRES of new suppliers that have been loaded for future utilization and this will speed up the complaints turn around time.
• Manage and control supplier files by storing them in a safe lockable cabinet, to protect their information.
• Authorise and approve requests on the system when CRES requests such services. Attend to your colleague’s files if not available so that business continuity is not hampered.
• Attend to complaints or queries as quickly as possible. Arrange retrieval and sending of filing to Metrofile in accordance with policies and procedures when files are not utilized anymore.
• Monitor and keep on checking the supplier performance so that we may know those that do not perform to our required standard.

Knowledge Management:

• Provide timely and effective information about spend of clients on reports.
• Provide a presentation about the funds spend on project/supplier when required.
• Align with Clients Absa best practices or expand on good ideas of other SBU’s, be aware of what’s going on in Absa by doing own investigations on Absa website or Absa Employee portal or networking with employees in other divisions.
• Manage and report maverick spending to the SBU head, so that Clients can make use suppliers on the panel. Report any incidents of suspect fraudulent activities by whistle blowing or to the relevant Team within BU regions. Advise suppliers to comply with all supplier compliance requirements.

Education

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

Reconciliation Officer

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job SummaryTo effectively manage the Reconciliation of Central bank, Nostros & Reconcilable accounts to ensure that all internal accounts within the bank are balancing & Business Rules are observed.

Job Description

Delivering Operational Service Excellence (Time split 75%)

·       Accountability:  Delivering Operational Service Excellence Time split 75%

·       Review required processing and servicing activities in accordance with set procedures.

·       Daily download of Trial Balance to ensure completeness in All cash Outstanding prior to matching.

·       Send mark-ups for items that can be matched to mandated personnel for confirmation for matching on Intellimatch.

·       Perform manual matching that correspond after thorough investigation and/ or upon receipt of email confirmation from respective departments.

·       Perform reconciliation of all accounts in accordance with standard list of accounts and Business Rules.

·       Download reports after matching and escalates to Desk officers and Reconcilers for further investigation and resolutions.

·       Prepare investigative Reconciliation on Redirect Accounts and escalate to respective department.

·       Investigate all High Value entries > SCR500,000.00 and all unreconciled Debits.

·       Escalates 7 days ageing Nostro items.

·       Query and Identifies reasons for exceptions items. Engage with respective departments to clear outstanding entry and follow up vigorously until items are cleared.

·       Prepare Daily Ageing MI to be escalated to Account Owners, COO and Financial Director.

·       Download weekly U107 to verify of any accounts opening for Intellimatch on-boarding.

·       Prepare account setup, amendment, and closure on Intellimatch platform.

·       Retrieve Monthly IAC report for escalations to Account Owners

Business Support (Time split 15%)

·       Work closely with all the respective functions and other team members as one team to deliver excellent performance.

·       Constantly seek to improve ways of working by challenging the status quo and supporting an empowering climate within the COO space, sharing knowledge, experience, best practice and providing constructive feedback as required.

·       Provide cover for Reconciliation Manager as required.

·       Support and adopt the implementation of change initiatives.

·       Build and maintain excellent working relationships with other functions in Absa Seychelles to facilitate the development of the business.

Risk and Control Time split 10%

·       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 / raise system incidents relevant to the role

EducationFurther Education and Training Certificate (FETC): Financial Sciences (Required)

Head of Product Control & Governance

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job SummarySubstantiation of the trading balance sheet by ensuring the full trading balance sheet can be substantiated and in compliance with Regulatory reporting requirements

Job Description

Accountability: Management and oversight of immediate team performing P&L production and BS substantiation

• Expert knowledge of products traded on the desks and their impact across the finance sector.
• Thorough understanding of the risk and P&L drivers for the products coupled with an understanding of external markets and changes in market parameters
•  Needs to maintain an excellent understanding of processes and procedures to be able to pick up production where necessary.
• The capacity to work, manage and deliver under pressure.
•  Presentation of consolidated financial information for FO and Finance Management
•  Interact with other infrastructure areas, specifically Operations and Financial Control, for issue resolutions
• Ultimate escalation point, including the facilitation of issue resolution.
• Ambassador of immediate team to rest of the organisation
• Involvement in any Product Control specific initiatives

Accountability: Interaction with key stakeholders

• Interaction with various areas across the Absa and BAGL Group in order to obtain and understanding of the impact these areas have on Product Control as well as providing both formal reporting as well as ad hoc query resolution to these areas. Areas include:  CIB and Finance, including Financial Control, Balance Sheet Control and Financial Decision Support. Barclays Botswana Front Office, including head of Markets;  CIB Management or Barclays Product Control Accountability:
• People Management – Management of a medium sized team (5-people – direct & indirect)
•  Ownership of all the people related issues (development, performance management, recruitment, compensation)
• Team Management – recruiting, succession planning, ensuring staff is skilled up via training, performance review, career development, secondments, re-structures. Accountability: Projects/Change
• Efficiency – looking for continuous improvement in the efficiency by which the desk carries out its work.
•  Reporting – looking for continuous improvement in the reporting ability and performance of the desk
•  Control -looking for continuous improvement in the ability of the desk to control the business

Education and Experience Required

• B degree/similar qualification in a financial/related discipline with 7-10 years relevant experience or CA/ACCA/CIMA with 5-8 years PQE experience

EducationPostgraduate Degrees and Professional Qualifications: Business, Commerce and Management Studies (Required)

Business Manager: Absa Bank, New York

Empowering Africa’s tomorrow, together…one story at a time.

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility.

Job SummaryAbsa Bank is seeking a Business Manager to drive the operational and administrative functions for the New York Representative Office. This role is essential in ensuring seamless execution of our Corporate & Investment Banking (CIB) and Absa International strategies, bridging business objectives with execution, governance, and risk management. The successful incumbent will have a strong background in business management, operations, or strategy execution within a banking or financial services environment coupled with the proven ability to collaborate across multiple business functions and drive organisational efficiency. Experience with financial performance management, CRM platforms (e.g., Salesforce), board-level reporting and MI/data analytics coupled with excellent stakeholder management and communication skills essential. Must have the requisite right to work in the US.

Job Description

The key responsibilities will be to:

• Support and implement Absa International’s country strategy, integrating market insights and cross-functional perspectives.
• Ensure operational efficiency, collaborating with internal teams to drive performance management and resource optimisation.
• Oversee risk and compliance with the Compliance and Risk teams, ensuring adherence to regulatory requirements and implementing robust control frameworks.
• Provide strategic reporting and analytics, delivering insights that support decision-making and business growth.
• Conduct market research and analysis, identifying emerging trends and opportunities to inform business strategy.

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

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