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 Summary
The Post Trade Services function within Global Markets is looking for an analytical, problem solver that understands payments, FX and cross border payments to join the Network Management team. This person must be able to build out relationships with several key internal stakeholders, in addition to external custody providers and correspondent banks. Network Management is responsible for the cash clearing and custody network that supports Absa’s trading, settlement and clearing requirements.Job Description
The Post Trade Services (PTS) team plays an important role in supporting business growth, managing risk and the control environment, developing the operating model, and managing change and strategy to build an effective and scalable platform to support successful businesses.
As part of your role, you will:
• Form part of a team that manages operational issues related to the cash clearing and custody network for ABSA Group.
• Analyze Absa’s cross-border payments to ensure that Absa’s cash clearing network is performing optimally.
• Assist in managing projects aimed at optimizing the cash clearing and custody services.
• Monitor the performance of cash clearing initiatives implemented.
• Ensure KYC documentation is updated with Absa’s cash clearing correspondent banks.
Additional Responsibilities:
• Collaborate with various stakeholders to identify and implement process improvements.
• Prepare detailed reports and presentations for senior management on the performance and efficiency of the cash clearing and custody network.
• Onboarding and implementation of new cash clearing and custody providers
Accountability: Analytical and Project Management (40%)
- Analyze Absa’s cross-border payments to ensure optimal performance of the cash clearing network.
- Assist in managing projects aimed at optimizing cash clearing and custody services.
- Provide revenue insights and monitor the performance of cash clearing initiatives.
- Providing insightful information to enable data lead decision making
Accountability: Operational Management (30%)
- Ensure KYC documentation is updated with Absa’s cash clearing correspondents.
- Engaging with stake holders to address cash clearing issues
- Onboarding and setup of new cash clearing accounts
- Ensure pricing is aligned to terms and conditions
Accountability: Administrative duties (30%).
- Perform regular reconciliations on our account database against Imatch and various internal sub-ledgers
- Maintain an updated standard settlement instruction list
- Completing reporting on various cash clearing key indicators and tracking projects
- Tracking of revenue initiates
Education and Experience Required
- Relevant B-degree in Finance or Accounting or similar
- 3 years experience in Financial Institutions
Knowledge & Skills: (Maximum of 6)
- Excellent interpersonal skills including relationship management, communication, teamwork and partnership.
- Proactive and positive attitude and desire to make a difference.
Education
Higher 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.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised
Absa Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Absa Group and has not been reviewed or approved by Absa Group.
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Healthcare Strength — Medical aid, group life, disability, and funeral cover are described as comprehensive, with features such as terminal‑illness advances and beneficiary grocery benefits. Wellness and assistance offerings support overall financial and personal wellbeing.
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Retirement Support — A pension fund and group retirement arrangements are positioned as core benefits within fixed remuneration. Retirement coverage is embedded alongside other protections as part of standard employment.
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Equity Value & Accessibility — Employee share‑ownership (eKhaya) and equity‑linked awards broaden wealth‑sharing, with dividends or cash‑equivalent participation in some markets. This provides longer‑term value beyond base pay.
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What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond. We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
