Controller Product - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Sandton, South Africa

2 weeks ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Bring your possibility to life Define your career with us

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.

Job Summary

To prepare financial information for all stakeholders of the business for informed decision making and to support the business.

Job Description:

Key Accountabilities:

Accountability:
Management and oversight of immediate team performing P&L production and BS substantiation

Expert knowledge of products traded on the desks and their impact across the finance sector
Thorough understanding of the risk and P&L drivers for the products coupled with an understanding of external markets and changes in market parameters
Needs to maintain an excellent understanding of processes and procedures to be able to pick up production where necessary.
The capacity to work, manage and deliver under pressure.
Presentation of consolidated financial information for FO and Finance Management
Interact with other infrastructure areas, specifically Operations and Financial Control, for issue resolutions
Ultimate escalation point, including the facilitation of issue resolution.
Ambassador of immediate team to rest of the organisation
Involvement in any Product Control specific initiatives

Accountability:
Interaction with key stakeholders

Interaction with various areas across the Absa Group in order to obtain and understanding of the impact these areas have on Product Control as well as providing both formal reporting as well as ad hoc query resolution to these areas

Areas include:

Absa CIB Finance, including Financial Control, Balance Sheet Control and Financial Decision Support.
Absa CIB Front Office, including head of Markets;
Absa CIB Capital Management
Absa Product Control

Accountability:
People Management

Management of a medium sized team (510 people direct & indirect)
Ownership of all the people related issues (development, performance management, recruitment, compensation)
Team Management recruiting, succession planning, ensuring staff are skilled up via training, performance review, career development, secondments, restructures.

Accountability:
Projects/Change

Efficiency looking for continuous improvement in the efficiency by which the desk carries out its work.
Reporting looking for continuous improvement in the reporting ability and performance of the desk
Control looking for continuous improvement in the ability of the desk to control the business

Education and Experience Required

B degree/similar qualification in a financial/related discipline with 710 years relevant experience or CA(SA) with 58 years PQE experience
Extensive management experience (35 years)
Investment banking or Product Control experience preferred
Fixed Income Product Specific knowledge preferable
Experience in creating and maintaining an effective control environment

Knowledge & Skills:

Strong technical accounting skills
Exceptional academic track record
Good interpersonal and teamworking skills and the ability to communicate at all levels
The ability to work in a pressured and unstructured environment and to cope with the demands of working to tight deadlines
Maturity able to deal with managers
Business acumen
An understanding of financial mathematics
Performance orientated and client service driven
Report writing and presentation skills
Understanding of Economics
Knowledge of financial markets
Excellent numeric ability
Bank Valuations skills
Investment banking product knowledge
Ability to manage and develop a medium sized team