Cash Management Operations Specialist

3 months ago


Johannesburg, South Africa FirstRand Full time

Job Description

Cash Management Operations is a customer-facing role that requires extensive customer interaction and communication and vital collaboration with global teams.
A pivotal part of your role is to process and manage the issuance of futures margin calls, monitor, and execute cash through bank accounts, and provide regulatory and default reporting.
Using technology to improve customer efficiency is critical and is often accomplished by using data analytics solutions to improve the customer experience and reduce the operational burden on your team.

Are you someone who can:

- optimise cash flow management.
- Monitor margin requirement daily and follow the escalation process where issues are experience.
- Calculate the daily Profit and Loss for Business Stakeholder review.
- Prepare daily bank reconciliations and clear all exceptions.
- Validate payment instructions against transaction documents and ensure compliance with contractual terms and regulatory requirements for the various types of financial transactions.
- Coordinate with deal management teams and counterparties to facilitate timely and accurate processing of payment instructions.
- Monitor payments deadlines and ensure adherence to cut-off times and regulatory deadlines for transfers related to settlements.
- Investigate and resolve payment exceptions and discrepancies in a timely manner, and in collaboration with internal/external parties involved in deal management and payment processing.
- Collaborate with internal stakeholders i.e., compliance and client services to address payment-related issues and mitigate risks associated with financial transactions.
- Maintain accurate records of payment instructions, confirmations and supporting documentation for audit and compliance purposes across deal and cash management activities.
- Identify opportunities for process improvements and automation within the cash management functions to enhance operational efficiency and reduce manual intervention.
- Follows documented policies and procedures to execute day to day transactions, activities, processes and ensure all Service Level Agreements (SLAs) are met
- Conduct periodic reviews and audits of payment processes to ensure compliance with industry standards and regulatory requirements.
- Liaise with external settlement agents, custodian banks, and payment networks to optimise deal settlement processes and resolve payment-related issues.
- Stay informed of developments in payment technologies, regulations, and industry best practice relevant to payments processing.
- Account setup - Opening, closing, and amending client accounts on the Global Clearing Management System and the respective internal management system.
- Ensure data quality of upstream systems and raise issues to reduce reference data inefficacy there by reducing manual work.
- Portfolio setup and amend commission structures and rating codes on client accounts.
- Setup and maintenance of general reference data attributes to support the Derivatives Clearing business.

Qualifications
- Minimum qualification: Bachelor’s degree in finance, accounting, business administration or related field

Experience and Skills
- 3 to 5 years’ experience in a similar environment, of which 1 to 2 years ideally at a junior specialist level
- Knowledge of financial instruments, transaction structures and regulatory frameworks governing payments and deal settlements
- Strong understanding of payment processing systems/workflows, deal management processes and payment protocols
- Product knowledge in Derivatives/Fixed Income and Equities spaces
- Knowledge and experience using Futures/Derivatives systems and technology (such as GCMS, Calypso, SMART, Murex System)
- Attention to detail is a must.
- Firm understanding of the risk and regulatory requirements of a Clearing business.
- Strong analytical, time management, interpersonal, oral, and written communication skills

You will have access to:

- Opportunities to network and collaborate
- Challenging Working
- Opportunities to innovate

We can be a match if you are:

- Curious & courageous - you're driven by always wanting to know more and learn more and you're brave enough to
- Obsessed with mastery - you know what it takes to become good at what you do and are constantly pushing yourself to do it

Post

RMB

LI-ZM1

Job Details

31/10/24



  • Johannesburg, Gauteng, South Africa SA Metal Full time

    About the Role:We are seeking a highly organized Cash Management Specialist to join our team at SA Metal.The successful candidate will be responsible for managing cash flow, processing payments, and maintaining accurate financial records.Key Responsibilities:Process all cash and EFT payments to suppliers in a timely manner.Monitor and manage cash flow to...


  • Johannesburg, Gauteng, South Africa SA Metal Full time

    About the JobSA Metal is looking for a skilled Cash Management Specialist to join their team.Estimated Salary: R 220,000 per yearJob Summary:This role involves ensuring the efficient processing of cash and EFT payments to suppliers of scrap. The ideal candidate will have excellent organizational skills, attention to detail, and the ability to work under...


  • Johannesburg, Gauteng, South Africa Isilumko Staffing (JHB) Full time

    Cash Handling SpecialistIsilumko Staffing (JHB) is seeking a Cash Handling Specialist to join their team in Johannesburg. The role involves processing financial transactions, reconciling accounts, and managing cash flows.The ideal candidate should have 1-2 years of general admin experience, a matric certificate, and an accounting or finance qualification....


  • Johannesburg, South Africa Cash Crusaders Full time

    **Retail Operations Manager - Inland (Lanseria)** **Introduction** Cash Crusaders is a respected national franchised brand that fast became part of the South African mainstream retail landscape. We retail a range of directly imported new goods that are branded under our own house brands. The range includes products as diverse as electronic goods, DJ...

  • Operations Manager

    2 weeks ago


    Johannesburg, South Africa Logistics and Operations Management Full time

    We require an Operations Manager and Project Supervisor familiar with the general operations and management of a business. You will work with the senior management to assist with the coordination of company projects and manage staff. We will consider experience in various industries. If you have an excellent personality, you pay attention to detail and a...

  • Cash Manager

    2 weeks ago


    Johannesburg, South Africa TAC Recruitment Full time

    Gauteng, JHB - Northern Suburbs Design and review the daily strategy of operational and financial cash flows, coordinate investments of bonds/RCF proceeds, co-ordinate cash pooling strategy and bank deposits execution **Key Roles & Responsibilities** - In conjunction with the Treasury Director, maintaining transactional banking relationships - Ensuring...


  • Johannesburg, South Africa South32 Full time

    **Date**:29 Nov 2024 **Location**: Johannesburg, GT, ZA, 2076 **Company**:South32 Group Operations Pty. Ltd. **DISCOVER A BRIGHTER FUTURE**: At South32, we’re meeting the challenge of enabling a sustainable future through our focus on responsibly producing commodities critical for a low-carbon world. As a collaborative, caring and inclusive company,...


  • Johannesburg, Gauteng, South Africa Isilumko Staffing (JHB) Full time

    We are seeking a Senior Financial Operations Specialist to join our team at Isilumko Staffing (JHB). As a key member of our finance department, you will be responsible for managing daily banking tasks, maintaining accuracy, and ensuring adherence to financial governance standards.Key Responsibilities:Manage and prepare daily cash flow, ensuring submissions...


  • Johannesburg, South Africa FirstRand Full time

    About us, purpose, experience and qualifications **about us**: - make a promise - be deeply invested - value our differences - build trust, not territory - have courage - always do the right thing **purpose**: - Effects the settlement of swift payments to and from other Banks, ensuring compliance with all policies and procedures.**experience and...

  • Cash Center Manager

    7 months ago


    Johannesburg, South Africa Fidelity Services Group Full time

    **Cash Center Manager - Cash Processing** **Cleveland** **Reporting to the Regional Manager** The above position is vacant at **Cleveland**, reporting to the Regional Manager of the cash processing region The overall purpose of this position is to maintain the entire daily operation of the branch and to ensure all deposits has been verified in a balancing...


  • Johannesburg, South Africa FirstRand Full time

    Job Description Responsibilities involve the daily management of Cash requirements and request for PoP Channel (Branch, ATMs and Cash Centre), operational maintenance and support, and proactive/preventative analysis of ATMs, Branch and Cash Centre. The Specialist will demonstrate knowledge of key business processes, products and services, within agreed...


  • Johannesburg, South Africa Cash Crusaders Retail (Pty) Ltd Full time

    Retail Operations Manager - Gauteng Inland (Lanseria)Join a Powerhouse in Retail Excellence!Cash Crusaders is a nationally respected, franchised retail brand that has become a cornerstone of the South African marketplace. We specialize in a dynamic product mix, offering our customers a wide range of new, branded goods and a treasure trove of quality...


  • Johannesburg, South Africa Cash Crusaders Retail (Pty) Ltd Full time

    Retail Operations Manager - Gauteng Inland (Lanseria) Join a Powerhouse in Retail Excellence! Cash Crusaders is a nationally respected, franchised retail brand that has become a cornerstone of the South African marketplace. We specialize in a dynamic product mix, offering our customers a wide range of new, branded goods and a treasure trove of quality...


  • Johannesburg, Gauteng, South Africa Cash Crusaders Retail (Pty) Ltd Full time

    Company OverviewCash Crusaders Retail (Pty) Ltd is a reputable retail company that values the safety and security of its stores.Job Description:We are seeking an experienced CCTV Controller to join our team. As a Security Operations Supervisor, you will be responsible for monitoring incoming alerts from various stores, identifying potential security risks,...

  • Industrial Relations

    4 months ago


    Johannesburg, South Africa Cash Crusaders Full time

    We are seeking an experienced **Industrial Relations (IR) Specialist** to join our dynamic retail chain. As an IR Specialist, you will play a key role in managing employee relations and ensuring compliance with South African labor laws. You will oversee disciplinary processes, handle disputes, and represent the company at the Commission for Conciliation,...

  • Specialist - Cash

    7 months ago


    Johannesburg, South Africa AICPA Full time

    **About the Role**: Ensure the accuracy of the Organizations Cash Accounts by performing daily reconciliations. Work with the Association’s Global Business Services (GBS) team and IT to resolve issues, meet month end deadlines, and support business transformation. Record monthly journal entries and monthly balance sheet reconciliations for bank activity,...


  • Johannesburg, South Africa Lesaka Technologies Full time

    An opportunity has become available for a Cash Forecasting and Planner in the Gauteng, Sandton Region. Purpose of the position: Responsible for the creation of realistic cash demand forecasts and replenishment plans to enable optimal cash activities for delivery against specified service requirements, costs, and risk levels. The job is ultimately accountable...

  • General Manager

    1 month ago


    Johannesburg, South Africa Cash Crusaders Full time

    **About the Role** Are you a driven leader with the mindset of an entrepreneur, ready to take ownership and transform businesses from the inside? This role is not for desk jockeys—it demands hands-on leadership, a proactive approach, and the determination to treat the business as your own. As General Manager - Retail Operations at Cash Crusaders, you will...


  • Johannesburg, Gauteng, South Africa Curiska Full time

    Job Summary: We are seeking a skilled Treasury Operations Specialist to join our team at Curiska. The successful candidate will be responsible for managing the company's client financial assets on a daily basis, ensuring alignment with our strategic objectives.The ideal candidate will have a minimum of 2 years' experience in treasury, finance, or banking,...


  • Johannesburg, Gauteng, South Africa Aim Personnel Services Full time

    At Aim Personnel Services, we are seeking a highly skilled Cash Book Controller to join our team in Johannesburg West. This exciting opportunity is perfect for individuals who thrive in a fast-paced environment and have a passion for financial management.About UsAim Personnel Services is a leading recruitment agency that specializes in providing top talent...