Subchest Custodian

About the Role

Join a bank with more than a century of heritage and a strong footprint across local, regional, and international markets. This opportunity is part of a wider ambition to help shape Africa’s future through growth, innovation, and career development. The role is designed for someone who wants to build a meaningful career in banking while contributing to efficient cash handling and strong internal controls.

Job Summary

The Subchest Custodian is responsible for controlling access to the Sub-chest and managing the issue and receipt of banknotes and coins between the bank and commercial banks.

Key Accountabilities: Cash Management

• Operate the Sub-chest opening and closing process under dual control to strengthen internal checks.
• Receive currency from the Bank of Zambia and commercial banks and keep it secure according to approved procedures.
• Provide banknotes and coins to commercial banks in the assigned area to support uninterrupted cash operations in the banking sector.
• Submit requests for Sub-chest replenishment so that sufficient stock and suitable denominations are available to meet market demand.
• Request currency evacuation from the Sub-chest to the Bank of Zambia so unfit notes are removed from circulation and stock levels remain aligned with bank direction.
• Carry out vault reconciliations for the Sub-chest to identify variances and resolve them promptly.
• Track every movement of currency stock in the Sub-chest to maintain full accountability and support audit trails.
• Prepare weekly and monthly Sub-chest returns to support timely reconciliation.
• Work with commercial banks in a timely way on currency needs to improve forecasting and Sub-chest management.

Rigour and Accuracy

• Perform daily reconciliation of the total cash balance in the Sub-chest and escalate any cash-related issues immediately to the Branch Manager following current procedures.
• Count all money received or paid out carefully to avoid mistakes; note that the bank applies a zero-tolerance approach to Sub-chest errors and may take formal disciplinary action where necessary.
• Support Bank of Zambia audits and inspections of the Sub-chest to confirm adherence to the required rules and guidelines.
• Check that documents submitted by other commercial banks, such as deposit or withdrawal slips, are complete and accurate.
• Log and file transaction documents on the value date.
• Count the boxes kept in the safe custody area as part of end-of-day branch checks.
• Keep transaction records in an orderly and meticulous manner in line with bank procedures, and make them available for control or review when requested.
• Hold one of the two Sub-chest keys and follow the approved key-control matrix without exception.

Risk and Control

All duties must be performed in line with regulatory expectations, the Absa Operational Risk Framework, and internal Barclays policies and standards.

Education

A Further Education and Training Certificate (FETC) in Business, Commerce and Management Studies is required.

Additional Information

This is an onsite full-time position based in Choma, Southern Province, Zambia. The role includes strict cash-control responsibilities, close attention to detail, and adherence to bank procedures. No salary, openings, or start date were specified in the source information.