Treasury Assistant Officer Absa Bank

Job Summary

• This role is responsible for a number of daily processing functions of the dealing operation with particular emphasis on accounting, settlements, confirmations, exposure and excess position monitoring, reconciliations and general systems maintenance across the Treasury transactions function.

Job Description

Processing & Controls

• Responsible for immediate monitoring and processing of all transactions undertaken by Dealers
• Ensure compliance within Market Operations standards and Audit requirements
• Process transactions through the Treasury trade capture system in a timely manner
• Ensure all source documents and bearer certificates are afforded secure protection and regularly checked for completeness
• Recommend changes to procedures and improve the process environment (through direct management)
• Ensure critical controls (e.g. KYC policy) are being observed
• Periodically, take active participation in snap check processes where allocated
• Resolve snap check findings as allocated
• Reconcile Treasury Suspense Accounts as allocated and  resolve outstandings under advice to immediate management
• Check all inward confirmations to office copies and report exceptions
• Ensure prompt dispatch of all manual and SWIFT based confirmations
• Provide senior management with KPI’s for inclusion in the weekly returns to Absa Afirca
• Maintain error logs and complaint registers and ensure, through senior management pro-active review and resolution
• Prepare returns (where applicable) to Head Office and Regulator for review and sanction by senior Treasury Management

Development of Staff

• Motivate and drive sharing of best practice
• Provide feedback within teams to ensure knowledge transfer
• Actively participate in reviews and meetings between Front, Middle and Back Office staff

Accounting & Reporting

• Implement local market policies/sanctions etc which could have a direct bearing or change to reporting requirements and ensure these requirements are incorporated in a timely and effective manner
• Control production of all daily settlements and accounting
• Provide support to any ‘off system’ transactions for management review and authorisation
• Provide accounting statistics and provision of information to internal divisions, branches, customers and local senior management
• Prepare  financial accounting (where this is not system generated) in respect of Interest Paid/Rec’d/Accruals and any fee based income
• Produce Treasury Returns for statutory and Head Office purposes and assist the Treasurer/Accountant/Finance Division in meeting deadlines for submission
• Provide immediate management with regular file extractions from DM3 for accounting and payments each day

Systems Maintenance

• Maintain the trading system (DM3) on a day-to-day basis
• Provide initial input to static data requirements as required
• Exploit reports to provide quality information which identifies the risk positions and profit analysis of the dealing centre
• Liaise with the Treasury Operations Manager to increase and prioritise system capability to meet changing business requirements
• Capitalise on improved functionality and re-engineer processes accordingly

Other

• Ad-hoc initiatives and reviews plus any other duties as directed by the Senior Treasury Assistant

• Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Absa Operational Risk Framework and internal Absa Policies and Standards.

Education

Further Education and Training Certificate (FETC): Business, Commerce and Management Studies (Required)