Tuesday, October 6, 2020

New Job Opportunity at ABSA Bank Limited Tanzania – Markets and Treasury PTS Supervisor

ABSA Group Limited
Jobs in Tanzania 2020: New Job Vacancies at ABSA Group Limited 2020
About Us 
Truly African
We are a diversified standalone
African financial services group, delivering an integrated set of
products and services across personal and business banking, corporate
and investment banking, wealth, investment management and insurance.
Group Limited is listed on the JSE and is one of Africa’s largest
diversified financial services groups with a presence in 12 countries
across the continent and around 41 000 employees.

Absa Group Limited
is listed on the JSE and is one of Africa’s largest diversified
financial services groups with a presence in 12 countries across the
continent and around 41 000 employees.

own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius,
Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in
Tanzania and National Bank of Commerce), Uganda and Zambia. We also have
representative offices in Namibia and Nigeria, as well as insurance
operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and

Position: Markets and Treasury PTS Supervisor
Location: Absa House – ABT
Bring your possibility to life! Define your career with us
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

Assist with the
directing, managing and execution of post trade services in support of
Markets and Treasury trading; ensuring that services are executed in
accordance with the applicable policies, procedures and broader
governance and control framework. Trading supported may include trading
of Fixed Income, Currencies, Commodities (FICC) and/or Equities products
both in principal and/or in an agency capacity, where approved for
trading by the Markets/Treasury businesses.

Key responsibilities include:
– supervising specialist personnel in a highly regulated area of the business;
– ensuring accurate, timely and complete post trade service execution excellence; and
– driving delivery of key strategic initiatives.
CV Writing and Download, Cover/Job Application Letters, Interview
Questions and It’s Best Answers plus Examples. Click Here!

Markets and Treasury are global businesses so the job holder will have both In-Country and Regional accountabilities.

Job Description
Accountability: Accurate, timely and complete pre and post trade service execution excellence (70%)
  • Provide
    oversight and guidance to ensure accurate, timely and complete post
    trade service execution and related pre trade service activities.
    Relevant pre and post trade service activities include:
  • External account management (cash and custody)
  • New and amended product approval
  • Client and account setup and maintenance
  • Client reference data setup and maintenance
  • Transactional and life-cycle event affirmation, confirmation and settlement
  • Fee and tax operations
  • Client asset servicing
  • Secure custody of source document and securities/collateral
  • Cash, securities/stock and other reconciliations
  • Related third party payments
  • Daily Reconciliation of Treasury and Markets product with Product Systems Vs BRIANS GL
  • Develop and implement snap checks, CPA and Risk assessment in Treasury and Markets PTS
  • Make sure all the Maker and checker process in the Respective area is practiced and is in tight control.
  • Actively participate in execution of trade service activities as a Subject Matter Expert and / or in a supervisory capacity;
  • Ensure teams under management are aware of their responsibilities and are appropriately trained;
  • Take accountability for all operational losses, cooperate in root cause analysis and implement resulting actions;
  • Ensure
    mechanisms are in place to continuously monitor automated processes
    with well-defined issue escalation and resolution protocols; 
  • Initiate
    and oversee system enhancements as applicable to the business ensuring
    that specifications, pre-implementation testing and sign off are
    completed in order to ensure that business and client servicing is not
  • Initiate and oversee further control and process
    re-engineering initiates which enable business, improve efficiency and
    allow for increased trade volume and complexity; and
  • Provide leadership and guidance to teams under management.
Together with regional office and risk teams implement and monitor
adherence to governance and control framework (15%)
  • Provide input to, challenge and pre-approval of New Product Approvals prior approval by regional management;
  • Ensure
    all processes are documented/updated and ensure controls have been
    updated to reflect any new controls introduced as a result of
    process/procedure change;
  • Carry out regular control
    self-assessments in collaboration with regional office and risk teams to
    ensure that controls are designed and operating effectively in line
    with IB Operations Control Standard requirements;
  • Ensure key
    external risks /threats / changes which may have an impact on business
    and have been effectively identified and communicated /escalated to all
    relevant stakeholders and mitigating controls/process put in place (keep
    abreast of local and international market developments/sanctions etc.);
  • Work
    with risk functions to prepare for Internal and External Audits, know
    issues have been raised with action plans and all observations are
    remediated within agreed timelines; and
  • Ensure compliance to
    policies, legislation, & regulations & that team complete all
    mandatory training & attestations in timely manner.
Ensure that all internal and external business and regulatory reporting
is accurate, complete and performed in a timely manner (15%)
  • Prepare
    and review all internal and external regulatory reporting as required
    by the market/business in a manner that ensures that the business is not
    subject to regulatory fines;
  • Ensure that business indicators
    (including risk, control, operational, performance, client metrics) and
    risk events are appropriately captured and reported on according with
    established risk appetites, business and regional requirements;
  • Ensure
    that threshold breaches are escalated, implementing strategic controls
    and process where required in order to mitigate risk; and
  • Actively participate in regional and business operational committees and infrastructure risk review forums.
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  • Higher Diplomas: Business, Commerce and Management Studies (Required)

Deadline: 2020-10-11

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