Cash Monitoring Officer at Absa Group

Job Description

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 Summary

COO – Central Cash Services – To facilitate the supply of cash (Local and Foreign) to the entire branch network, ATM’s and Bulk cash services. Management of sub-chest operations and provision of a bulk deposit and withdrawal service to corporate clients in a secure environment.

The Primary responsibility of the job is to assist in Monitoring cash levels and limits and reconciliation of cash accounts and Central bank transaction preparing, and to resolve branch queries.

Job Description

Collect cash holding figures for branches, ATMs, Corporate and cash centres on daily basis.
Advise treasury of the overall cash holdings/excesses on daily basis.
Review branch holding and liaise with branch and ATM custodians on whether to order or repatriate
Monitor CIT limits
Manage the Central bank withdrawals and deposits
Monitor the sub chest operations

Participate in snap-checks as assigned by the team manager
Participate in other duties as assigned by team manager

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)