Position Summary:
To maximise the customer experience by ensuring that continuous quick and efficient service is delivered to all Cash Customers through mentoring, coaching and developing staff within Hub and Spoke,
The process requires careful daily coordination, cash planning, forecasting and management and would need to use a nodal optimization tool to ensure most effective cash management.
Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal ABSA Policies and Policy Standards.
Understand and manage risks and risk events (incidents) relevant to the role.
Key Responsibilities:
- Check all Treasury Registers at the end of each day to ensure that it has been completed correctly,
- Ensure Hub and Spoke is within their limits and balance daily Cash In Transit, (CIT), Coin shortages and SBV shortages Handle shortages according to Cash Management and Control Procedures – Claims Absa Shortage in Cash Delivered by SBV.
- Responsible for CIT Capacity approvals (Special Arrangement per register), CIT Cash Management and the Customer complaints management of Hub and Spoke
- Ensure Reconciliation of Treasury Float actual COH. Sign the Reconciliation of Treasury Float and attach to the Treasury controller Reconciliation of Treasury Float.
- Coordinate employees training and identify developmental needs and ensure these are acted upon. Ensure all staff are competent through completion of all required compliance training
- Ensure sufficient money to supply client demands within the Cash limit of the HUB. Order money from SARB (notes) and coins from SBV.
- Ensure / Assist Runner to pack cash orders received from clients such as Hub and Spoke in order for ATM custodians to replenish ATM’s. Ensure correct orders are paid to correct custodian.
- Prepare and reconcile all Treasury General Ledger accounts month end totals.
- Control risk in the Treasury department in line with the Cash Centre policies and procedures. Ensure correct lock up procedures with regards the physical cash and counting are followed at all times. As per policy for Cash Hub and Spoke (to be accepted) money sealed is at all times under dual control.
- Establish and maintain effective communication channels and correspondence processes between employees.
- Ensure effective management of cash in the Treasury department.
- Reconcile GLMQ enquiry balance to figure on the Final Reconciliation of Treasury Float
- Responsible for daily productivity stats and ensure all weekly / monthly / yearly targets
- Regulate the Treasury workflow, i.e. Determine cash flow within area and placement of cash within other areas as per forecast within the Hub and Spoke (order is based on the money requirement forecast received).
- Perform quality checks on high-speed equipment by using the money from Test pack. Test pack to include fit, unfit and counterfeit banknotes as described in the Minimum standards issued by the South African Reserve Bank (SARB.)
- Investigate all shortages or surplus.
- Cash devices custodian
- Establish and maintain a succession plan for the team.
- Responsible for opening and closing procedures for the Cash Centre area as per Cash Centre policies and procedures
- Manage capacity of staff through recruitment of permanent as well as temporary and casual staff and planning of leave.
- Capture the physical Cash on Hand (COH) of the Hub and Spoke, the Integrated Cash Management System (ICMS via FBSS) before 10h00.
Required Education & Experience:
- National Certificate: Accounting (Required)