SBV Services Banking Learnerships (Cash Processor) Vacancy 2026

Opportunity Overview

SBV Services is offering Banking Learnerships for the Cash Processor role, commencing in 2026/2027. This is a 12-month contract opportunity specifically designed to equip young South Africans with essential banking skills and practical work experience within a secure operational environment.

This learnership is proudly part of the YES4Youth initiative, which focuses on empowering young people by enhancing their skills, providing valuable work exposure, and significantly improving their employability prospects in the financial sector.

Minimum Requirements

• Must have a Grade 12 certificate with Mathematics.
• Age must be between 18 and 29 years.
• Must not have previously participated in any Banking Learnership.

Key Responsibilities

• Receive and accurately process cash deposits, updating applicable systems.
• Comply with all company policies and procedures to mitigate operational risks.
• Prepare cash for processing, including checking containers/bags for damage and reporting any anomalies to the Team Controller.
• Acknowledge containers/bags on the relevant systems.
• Process deposits in line with agreed-upon bank Service Level Agreements (SLAs) and Standard Operating Procedures (SOPs).
• Sort and reconcile notes, identifying and processing rejected, counterfeit, or damaged currency.
• Perform cash transfers to vaults and conduct end-of-day balancing and reconciliation of all cash received.
• Process bulk coin deposits and teller coin transfers.
• Validate all transactions linked to bank system integrations.
• Process payroll and change transactions according to client SLAs.
• Report all discrepancies and equipment defects to the Team Controller timeously.
• Assist with the accurate packing and unpacking of Bank and ATM cash.
• Manage consumables and ensure proper recording of bag and seal numbers.
• Utilise and maintain company equipment according to SOPs, ensuring its protection and care.

What the Work Involves

As a Cash Processor learner, you will operate within a secure cash-handling environment, focusing on the meticulous management of physical currency and financial documentation. Your daily activities will include the precise receiving, counting, sorting, and preparation of both cash and coin deposits. You will be responsible for accurately entering and reconciling these transactions on specific banking systems, always adhering strictly to company policies and banking sector procedures.

You will regularly report to and collaborate with team controllers, escalating any anomalies or discrepancies observed. This role demands a high degree of accuracy and a steadfast commitment to security protocols, ensuring efficient operations within a fast-paced setting.

How to Apply

Applications for the SBV Services Banking Learnership (Cash Processor) must be submitted online. To apply, please visit the official application portal: https://sbv.mcidirecthire.com/External/Application?Ref=TEkBhDYErs0qhHgueWeCgt_yRI-cnPLR1MRk1RR6Cpou3ktpvROhSqni_BGkK6j0Zpt2MLx3VTjuyGOK8FMAGNNiCK9uWG72BogAKJej77fJFHsk2-86Od0a_LDQuUspqgDhr6MdL7tGvkTCAGNszA