Payments Officer

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Job Summary

• Processing on international payments above 2000$ and its equivalent that are in the scope of advance income tax
• Able to resolve queries relating to advance income tax
• Preparing a monthly return for clients that are non compliant and submission of the report to finance before cut off.
• Raising and authorizing manual and SFI entries on all currencies on NOSTRO.
• Processing of MT199/MT202 and MT299’s
• Processing of direct charges off NOSTRO accounts.
• Investigate all returned cross border funds and advise branches and relationship managers on all findings as per SLA.
• Reconstruction of all returned funds processed via integrator, internet banking, by various branches and inward returns.
• Responding to all SWIFT queries received from correspondent banks.
• Advise compliance on all outstanding items on NOSTRO which are results of sanctions delay.
• Preparing breakdowns of NOSTRO outstanding items related to individual desks for management action.

• ACM-you will be required to perform any other work assigned to you in line with AOM, plus any other duties that may be provided by line manager from time to time.

• Ensure that you look at NOSTRO and other suspense accounts that affect your role , investigate and resolve all outstandings
• Ensure that you adhere to the FTOs and SDV  policies when processing your work
• Preparing team returns and MI, and EOD Report.
• Understand risks and controls of domestic payments roles, including circulars and compliance policies.
• Actively participate in team events and morning hurdles  
• 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.                                                                                            

Work closely with team members as one team to deliver excellent performance and actively participate in team events and morning hurdles.

• Maintain good records on Unpaid cheques as well as those that have been unpaid and referred.
• Check ,verify and authorise entries at least and exceed the target for Financial statistics as set in PD.
• Call Over at least and exceed the target for Non Financial statistics as set in PD. Callover done by comparing datasheets against the A005, A006, A024 after which the Reports must be signed off as proof.

·       Lead, inspire and coach a team of  professionals, creating succession to key roles

·       Live Group behaviours and inspire others in working together to achieve the strategic vision

·       Pursue your own development to increase personal effectiveness, acknowledging strengths and areas of development

·       Analytical skills and an eye for detail

·       Significant social skills and initiative to deal with the variety of people and situations.

·       High degree of keyboard skills, accuracy and speed.

·       Relationship management at multiple levels of seniority

·       Numerical skills

·       Interviewing and recruitment skills

·       Listening and questioning skills

·       Project management and training skills

·       Planning and organisational skills

·       Communication and presentation skills

·       Persuading and influencing

·       Clear and concise writing and reporting

• Basic understanding of the nature and dynamics of the banking industry

·       Negotiation skills

• Good interpersonal skills
• Planning and organising skills
• Resilience and flexibility
• Quality/excellence mindset

·       Able to work without supervision

·       Personal organization and thoroughness

·       Quality conscious initiative and integrity

·       Managing relationships

• Results focussed

Preferred: Bachelor`s Degree and professional qualification

Essential: Advanced Diploma or Diploma in relevant professional qualification (Banking, Economics, Business administration, etc)

•  Minimum 1 year work experience.

·       Awareness of cultural differences and varying legal/regulatory environments.

·       Banking or Financial services industry related knowledge.

·       Knowledge of bank book- keeping processes.

·       Working knowledge of NOSTRO, VOSTRO and BOZ CDA accounts.

·       Knowledge of reconciliation processes

·       Knowledge of SWIFT transaction formatting.

·       Customer services - TCF

·       Thorough knowledge of the banks typing standards and customer service standards.

·       Very good understanding of the COO’s/ team’s preferred style.

·       A good understanding of the banks general policies and procedures.

·       Understanding of the use of equipment, filing procedures.

·       A sound understanding of the Clearing Rules

·       Clear understanding reconciliation business rules.

·       Understanding of Bank’s policies and procedures.

·       Working knowledge of the Bank’s processing systems, including the Sybrin system, Laser Archive and FOS

• In-depth understanding of Absa Group and the Absa Africa strategy, operating structure and interfaces with other functions in ambiguous/dynamic environment

·       Knowledge of payments systems such as Sybrin, FOS, E-box , RTGS and Laser Archive.

·       Business management

·       Risk Management

·       Stakeholder/customer relationship management

·       Strong data and digital experience

·       Strong Communication/Influencing skills and managing multiple stakeholders and customer relationships

·       Strong influencing and negotiation skills

·       Ability to think creatively and identify innovative solutions

·       Key board skills

·       Good communication  skills, both verbal and written

·       Accuracy

·       Time Management

·       Numeracy

·       Ability to work under pressure.

·       PC skills

·       Analytical skills

Education