Job Description
About the Role
Isilumko Staffing is seeking a meticulous and proactive Reconciliations Analyst to join our team in Johannesburg. As a key member of our financial services organization, you will play a critical role in ensuring the accuracy and integrity of our financial accounts.
Key Responsibilities
- Control a portfolio of foreign currency, domestic, and internal accounts.
- Ensure all bank statements are received and accessible on Intellimatch and Storqm.
- Verify that all necessary data for reconciliation is imported into relevant systems from various processing and settlement platforms.
- Perform daily reconciliations of accounts and investigate exceptions thoroughly.
- Identify and address the source of problems, follow up on exceptions to ensure resolution within agreed SLAs, and escalate issues to senior management as needed.
- Maintain a comprehensive understanding of company’s foreign currency and domestic trading products, including their settlement systems.
- Stay vigilant for potential fraudulent transactions and report any suspicious activities to senior management immediately.
- Manage risk and costs to enhance the overall effectiveness of the Corporate and Investment Banking Division and ensure compliance standards are met through daily action on control reports and checklists.
Requirements
- In-depth knowledge of foreign currency and domestic trading products.
- Strong understanding of reconciliation processes and settlement systems.
- Excellent problem-solving and analytical skills.
- High attention to detail and accuracy.
- Ability to manage and resolve issues within strict deadlines.
- Proactive approach in managing risk and identifying potential fraud.
- Effective communication skills for interaction with senior management and business unit directors.
Qualifications
- Bachelor’s degree (or equivalent) in a relevant field is an advantage, but not required.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Banking Jobs in Gauteng
The banking industry in Gauteng, South Africa is a dynamic and growing sector, with a strong demand for skilled professionals. Typically, job seekers in this field can expect to find opportunities across various sectors, including financial services, technology, and manufacturing. Generally, the industry outlook remains positive, with a common expectation of steady growth and expansion.
When it comes to salary expectations, banking positions in Gauteng typically fall within broad ranges, often influenced by factors such as experience, company size, and industry sector. For instance, entry-level positions may start around R400 000 per annum, while senior roles can exceed R800 000. However, please note that these figures are approximate and can vary significantly depending on individual circumstances.
Common skills required for banking roles in Gauteng include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and interpersonal skills, and a solid understanding of regulatory requirements. Other essential skills often include technical expertise in areas such as accounting, risk management, or compliance. Additionally, many employers place a high value on emotional intelligence, creativity, and adaptability.
The banking industry is commonly found in sectors such as financial services, technology, manufacturing, and corporate finance. Financial services companies, for example, are often major players in the industry, while technology firms may require banking professionals with technical expertise. Manufacturing sector banks also exist, catering to the needs of specific industries.
Career development opportunities abound in the banking industry, with many positions offering clear career progression paths. Typically, entry-level roles can lead to senior management positions or specialized fields such as risk management or compliance. Opportunities for professional development, training, and mentorship are often available within organizations, allowing professionals to build expertise and advance their careers.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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