Job Description

Bring your possibility to life! Define your career with us

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 CIB Global Markets Post Trade Services Team (PTS) is currently looking for a Confirmation Specialist to manage the Confirmations Team for all OTC Derivative Transactions to ensure that all transactions are controlled and confirmed in an
efficient and cost effective manner. The department supports a broad range of operational services across the OTC and
exchange traded, trade lifecycle including lifecycle management, affirmation confirmation, Legal agreements and daily reporting as well as strategic product support.
The department is continually looking for ways to implement efficiencies, reduce risk to the firm and enhance the
experience of our clients.



Accountability: Confirmations :

• Affirmations and confirmations with internal and external counterparties
• Professional communication with thorough and detailed explanation to clients via email or phone to resolve all differences in a timely manner o Liaison with internal counterparts (i.e. Desk, Sales team, Trade Support, Confirmations , Legal, Finance) to work through issues and identify the correct remediation required o Acting as the first point of contact for a portfolio of clients and effectively resolving all incoming client queries within a pre-agreed timeframe
• Exercising good judgement skills to make the necessary decisions to address client queries and ensuring all high-priority queries are escalated to the management promptly.

Accountability: Controls and MI

• Contribute to the specification and testing of improvements for all systems and processes.
• Uphold the controls and procedures for the team
• Prepare MIS for distribution to management
• Proactively cross train on all functions performed within the team and across the department to gain a deeper understanding of the derivative products and processes
• Initiate process improvements within the team to drive efficiency and cost savings:
• Strong analytical skills required to perform complex analysis on the volumes and process flow to identify the root cause.
• Suggest innovative solutions to improve efficiency and provide the AVP with a detailed breakdown to quantify the time/ headcount savings from the initiative
• Act as the key point of contact with stakeholders (i.e. Technology, Change Manager, Team AVP) in order to implement change.

Accountability: Administration

• Ensure that all the paperwork related to transactions is filed and kept in a secure place;
• Provide good customer service and communicate with clients, trade support or front office and respond promptly to queries;
• Provide information to stakeholders as requested.

Education and Experience Required

• B Degree or equivalent NQF 6 qualification
• 3 yearsxe2x80x99 experience in an OTC and exchange trades Confirmation environment.
• 2 yearsxe2x80x99 Experience gained in high volume Confirmations environment and client service environment.

Education

Bachelor`s Degrees and Advanced 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