Job Details

Job Description

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Job Summary

The role is responsible for the daily execution of the treasury and markets post trade procedures and all the dealing operations encompassing trades validation, settlement, reconciliation of cashflow settlements and government securities by ensuring that all the operations activities are carried out in full compliance with regulatory requirements, Abasa risk framework and internal policies and standards.

Job Description

Accountability:  Processing and Controls

• Responsible for immediate monitoring and processing of all transactions undertaken by Dealers

• Responsible for the management and delivery of all the independent affirmation, confirmation and settlement of all trades across the products agreed by the Treasury and Markets, i.e. FX, Repos/ Reverse Repos and Securities, ensuring compliance with relevant management and regulatory requirements/guidelines, governance and reporting.

• Preparation and execution of all the Treasury/Markets settlements and ensure that they are all executed with good value. Creation and maintenance of standard settlement instructions on the trading platform for all trades across Treasury Business.

• Management and validations/approvals conducted on all the Treasury Execution business activities such as Net Settlement Instructions (NSI), Intra/Overnight lending facilities and Open Market Operations (OMO) managed on the Bank of Zambia Central Securities Depository (CSD) & ZIPSS settlement platforms.

• Validations and maintenance of derivatives and Repos Master Agreements i.e. ISDA/CSA and GMRA Master agreements. Ensuring that the Treasury/Markets businesses is in compliance with all covenants and related requirements.

• Management of the securities (Government Bonds/ T-bills and Nostros reconciliations, ensuring anomalies are identified, investigated and rectified efficiently to avoid business exposure.

• Participation in projects affecting settlements/corporate actions processes arising from new/enhanced business requirements. Participation and engagement in relevant industry initiatives and developments.

• Initiate/develop reports using treasury trading systems, and other applications to complement business requirements and business development initiatives.

• Compliance with all procedures with general banking/regulatory requirements meeting the requirements of both internal, external and regulators compliance.

• Management of the Bank of Zambia auction/bidding process of the Government Bonds and Treasury Bills, ensuring integrity and compliance with the CSD rules.

• Ensuring all Treasury and Markets operations activities and duties are carried out in full compliance with regulatory requirements, Absa Risk Framework and internal Absa Policies and Standards.

Accountability: Other

• Ad-hoc initiatives and reviews plus any other duties as directed by the Senior Treasury Operations Manager
• A good understanding of the Bank’s general policies and procedures
• Capitalize on improved functionality and re-engineer processes accordingly

Role Person Specific:

• 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

Education and Experience Required

Preferred: Bachelor`s Degree and professional qualification

Essential: Advanced Diploma or Diploma in relevant professional qualification (Business, Commerce and Management Studies)

Experience:

• Minimum 1 – 2 years work experience.
• Awareness of cultural differences and varying legal/regulatory environments.
• Banking or Financial services industry related knowledge.

Knowledge & Skills:

• Core information risk management,
• Confidence and a willingness to deliver.
• Good communication skills.
• Highly motivated and able to coordinate multiple activities across various disciplines.
• Experience of working in a financial organization would be beneficial.
• Awareness of operational risk disciplines, key risk indicators relevant to information risk and a business-focused approach to controls is also beneficial.
• Deep technical knowledge in any one discipline is not a requirement for this role.
• A proactive and hands-on approach is essential to demonstrate that the value that this role and function can add to our organization.

Competencies:

• A sound technical appreciation of the end-to-end Post trades treasury processes
• Ability to challenge and not be easily influenced
• A sound understanding of the underlying risks, risk awareness and risk mitigation
• Teamwork
• Risk assessment – assimilation and appraisal of data/information
• Experience gained in a Treasury Processing, Accounting and Risk
• Risk Management
• Communication/Influencing skills
• 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 and excel skills

Education

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