Money Movement Specialist

Salt; Cape Town; On-site; ZAR 350,000 - 520,000; Full time

Job summary

Salt is building a new Money Movement team in Cape Town to support advisory units with accurate, compliant client payments and transfers. You will review, approve, and release transactions, while ensuring timely processing and alignment with firm policies.

The role involves reconciling movements, liaising with custodians, and supporting daily reporting. Training teammates and contributing to process setup are key early priorities for the team.

Qualifications

• Experience handling client payments, withdrawals or transfers in wealth management or asset servicing.
• Strong reconciliation skills and meticulous attention to detail.
• Excellent verbal and written communication; service-minded approach.

Responsibilities

• Review and approve client money movements (withdrawals, transfers, payments) per policies.
• Release wires, cheques, journals, and EFTs at the custodian.
• Reconcile transactions and investigate variances; manage client deposits.
• Liaise with custodians to resolve payment issues and delays.
• Prepare daily transaction coding reports and ensure accuracy.

Skills

Client payments processing

Reconciliation

Verbal and written communication

Discretion with confidential info

Independent and team work

Shift availability (2pm-10pm)

Training/mentoring

Salesforce experience

DocuSign experience

Portfolio accounting software

Customer service mindset

Education

Bachelor's degree or equivalent

Tools

Salesforce

DocuSign

Portfolio accounting software

Job description

Our client, an international wealth management firm, is building a new Money Movement team in Cape Town. You'll support their advisory teams by checking, approving, and releasing client payments and transfers, making sure every transaction is accurate, compliant, and on time. This is a chance to join a growing team early. The first hires will help set up the team's processes and train new colleagues as it expands. The 2pm-10pm shift supports clients in another time zone, and it leaves your mornings free.

What you'll do

• Review and approve client money movement (withdrawals, disinvestments, transfers, and payments) as instructed by advisors, in line with firm policies and procedures
• Release approved wires, cheques, journals, and EFTs at the custodian
• Reconcile and verify client money movement transactions, and investigate any differences
• Manage and reconcile client deposits
• Liaise with custodians to resolve issues that could delay payments
• Prepare daily reports on transactions that need coding, and work with the team to make sure everything is coded correctly
• Follow up with custodians on uncashed cheques each month and report back to advisors
• Train the client success team on money movement policies and procedures
• Complete all work in Salesforce accurately and on time
• Support quarterly reporting and special projects when needed

What you’ll need

• Experience processing or authorising client payments, withdrawals, or transfers in a wealth management, investment platform (LISP), asset management, or fund administration environment
• Experience dealing with custodians, platforms, or banks to resolve payment and settlement issues
• Strong reconciliation skills and excellent attention to detail
• A bachelor's degree, or equivalent experience
• Clear verbal and written communication, and a service-minded approach
• The ability to work independently and as part of a team
• Discretion with confidential client and firm information
• Availability for the 2pm-10pm shift, 5 days a week in the Cape Town office
• Advantageous Experience as an authoriser, or with second-level checking of other people's work
• Experience with Salesforce, DocuSign, or portfolio accounting software
• Experience training others or writing procedures
• A customer service background