Product Controller - 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 provide specialist advice and support in sales support, enabling the provision of sound claims assessment expertise.

Job Description:

Job Summary

The overall responsibility of this role includes daily P&L production and balance sheet substantiation, and/ or responsibility for process ownership within the Prime Services asset class, and / or involvement in broader, floor wide Product Control initiatives.

Job Description:

Accounting posting to the General Ledger accurate and timely information
Substantiation of the trading balance sheet ensuring the full trading balance sheet can be substantiated
Regulatory reporting alignment ensuring the Balance sheet is aligned to reports send to regulators

Data ownership

Ensuring the quality and accuracy of the data used downstream and being able to articulate trends or pick up anomalies to drive source remediation

Control environment

Overseeing the control environment in which the business operates
PnL (Profit and Loss) review understanding and providing commentary on the PnL; displaying an understanding of the applicable Greeks to explain PnL moves and the respective products on the desk. Being able to relate the said moves to Market trends or behaviour
In the process of production focus is needed on:

Reporting

Ensuring reporting is accurate and timely (this includes considerations for product and instrument type/deal structure)

Control

Ensuring a robust control environment and reporting any deficiencies or issues to managers/relevant stakeholders
Adherence to applicable policies and standards
Additional Job Description
Additional Job Description

Key Accountabilities:

P&L production and BS substantiation
Running the day to day PC deliverables
Interaction with key stakeholders
Process Owner
Strategic and/or Project and /or Change related Initiatives to advance efficiency agenda

Education

Bachelor's Degrees and Advanced Diplomas:
Financial Sciences (required)

Education

Bachelors Degree and Professional Qualifications:
Business, Commerce and Management Studies (required)