Subchest Custodian

Empowering Africa’s tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group. My Career Development Portal: Wherever you are in your career, we are here for you. Design your future. Discover leading-edge guidance, tools and support to unlock your potential. You are Absa. You are possibility. Job Summary To manage and regulate access to the Sub-chest, issue and receive banknotes and coins to and from commercial bank Zambia employment news Job Description Key Accountabilities CASH MANAGEMENT –FRONT LINE CASHIERS 75% Open and close the Sub-chest under dual control in order to enhance internal controls. Receive and safeguard currency from the BOZ and commercial banks as per laid down guidelines and procedures. Issue bank notes and coins to commercial banks in the designated area in order to support smooth cash operations of the banking sector. Prepare and submit to the Bank requests for restocking of the Sub-chest in order to ensure adequate stocks and denominations are available to meet currency demand of the market. Prepare and submit to the Bank request for evacuation of currency from the Sub-chest to BOZ in order to ensure that unfit currency are removed from circulation and maintain stocks as may be determined and advised by the Bank from time to time. Conduct Sub-chest vault reconciliation in order to detect any differences and reconcile the same timely. Record all movement of currency stocks in the Sub chest in order to account for all stock movements and facilitate audit trail. Prepare weekly and monthly Sub-chest returns to facilitate timely reconciliation. Liaise with commercial Banks timely on currency requirements in order to facilitate forecasting and effective management of the Sub-chest. RIGOUR 25