Transaction Manager at FirstRand Bank India

Johannesburg, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

26 Feb, 26

Salary

0.0

Posted On

28 Nov, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Transaction Management, Risk Management, Data Integrity, Legal Agreements, Financial Reporting, Stakeholder Collaboration, Process Improvement, Reconciliation, Operational Risk, Client Communication, Metrics Development, Training and Development, Problem Solving, Attention to Detail, Analytical Skills, Teamwork

Industry

Banking

Description

Job Description Hello Future Transaction Manager! RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact. United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart. Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2025, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society. The role entails, managing the life cycle of a transaction and mitigate associated operational risks. Mitigating operational and reputational risk by ensuring the quality and accuracy of transaction data, ensuring alignment with regulatory requirements, and supporting effective risk management practices. Collaborating with various stakeholders, including traders, risk management teams, and back-office processing functions, to uphold data integrity, streamline processes, and enhance the overall efficiency and accuracy of transaction management. Are you someone who can: Coordinate and participate in any ad hoc project as required. Read and understand legal agreements in order to draw up an amortisation schedule and book deals. Derive payment amounts from the legals and amortisation schedule. Prepare notification to clients and submit payments to team leader for approval. Ensure all legal requirements are fulfilled before draw down can occur. Ensure all ongoing deal management tasks are performed in line with the legal agreements. Settle all instruments on the correct systems. Clear reconciliation and exception report items within SLA timeframes. Respond to queries from internal and external stakeholders. Prepare financial statements, investor reports and other reports required by the regulators. Conduct detailed reviews of transaction data to identify discrepancies, verify completeness, and ensure data integrity within transaction systems, thus supporting reliable financial reporting. Validate that all transactions are booked accurately and in line with client instructions and regulatory requirements to minimise booking errors and reduce operational risk. Identify and flags any inconsistencies or irregularities in transaction data, escalating issues promptly to mitigate financial and reputational risk. Attend DCF's for all new deals and comment on Legal Agreements and ensure that the legal agreements can be operationalised. Reconcile transaction records across different systems to confirm data consistency and integrity across platforms. Communicate transaction data quality insights to internal stakeholders, including traders and risk managers, ensuring transparency and promoting proactive issue resolution. Develop and monitor key metrics for data quality within the transaction management function, ensuring consistent and quantifiable improvement. Identify and implement process improvements to enhance efficiency, accuracy, and client service in transaction management data quality, contributing to operational excellence. Collaborate with internal teams i.e., legal, compliance, credit, and operations to ensure cohesive and efficient transaction management. Engage in ongoing training and development activities to build expertise in transaction management. Build and sustain collaborative working relationships with relevant peers and stakeholders to achieve productivity synergies. Participate in specialist communities of practice and contribute positively to own and organisational knowledge improvement. You will be the ideal candidate if you have: BCom degree in Finance, Economics or similar 4-5 Years' experience in a similar environment #Post #RMB #LI-IK1 Job Details Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below. 04/12/25 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties. Introduce yourself to our recruiters and we will get in touch if there's a role that seems like a good match. Should you have any queries, please log it via MyQ. FirstRand provides a comprehensive range of financial services in South Africa and certain markets in broader Africa. The group also offers certain niche products and services in the UK and India. Listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), FirstRand Limited is the largest financial institution by market capitalisation in Africa. The group follows a multi-branding approach. Its portfolio of financial services businesses includes FNB, RMB, WesBank, Ashburton Investments, Aldermore, MotoNovo and DirectAxis. Many are leaders in their respective segments and markets, offering transactional, lending, investment and insurance products and services The FirstRand Corporate Centre houses many of the critical functions required by a large and complex financial services group. The group's track record of delivering superior returns to shareholders has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses. The group’s purpose of delivering Shared Prosperity provides many opportunities for employees to innovate to address social and environmental challenges in our markets. All of our businesses have successful Volunteering programmes which also allow employees to adopt and support causes close to their hearts.

Responsibilities

The Transaction Manager will manage the life cycle of transactions and mitigate associated operational risks. This includes ensuring data integrity, collaborating with stakeholders, and enhancing overall efficiency in transaction management.