Officer: Reconciliation (6 Month Contract) at Capitec Bank

Purpose Statement


To ensure the accurate and timely reconciliation of Nostro accounts by identifying, investigating, and resolving discrepancies between internal records and correspondence bank statements, thereby safeguarding the bank's cash position, ensuring financial integrity, and supporting regulatory and operational compliance.


Experience
Minimum:


2-3 years' experience in Financial Services, with exposure to
Banking/Finance GL and Reconciliations
Systems / Nostro (in case of systems reconciliation)
Forex / Global Markets


Ideal:


3+ years' experience in a banking and/or Forex environment, of which 2 should be in a Reconciliation role.


Qualifications (Minimum)


A relevant qualification in Accounting - Financial Accounting or Commerce


Qualifications (Ideal or Preferred)


Bachelor's Degree in Accounting - Financial Accounting or Commerce


Knowledge
Minimum Knowlege


Knowledge of Operational Risk


In case of general reconciliations:


Code of Banking Practice, FICA & Money laundering Act.


In case of systems reconciliation


Nostro reconciliation and investigations knowledge
Knowledge and compliance with Company Policies and Procedures & legislation including SA Reserve Exchange Control regulations, payments, standards, cut-off times, etc.
Knowledge of accounting and reconciliation processes knowledge and understanding of Accounting and Reconciliation concepts (understand entries and be able to do account reconciliations).


Strong understanding of Forex divisions and operations, including FX deal origination, trade execution, confirmations, settlements, reconciliations, and regulatory compliance processes.

Knowledge of:


Basic BaNCS
TCS
SWIFT
SAP


Ideal Knowledge


Banking Policies and Procedures
BaNCS / BaNCS Treasury
Knowledge of Nostro recon processes (general reconciliation)
Knowledge of Forex/Global Markets environment


Skills


Communications Skills
Numerical Reasoning skills
Attention to Detail
Problem solving skills
Computer Literacy (MS Word, MS Excel, MS Outlook)