Foreign Exchange Product Controller - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited
Absa Bank Limited
Verified Company
Sandton, South Africa

1 week ago

Thabo Mthembu

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Thabo Mthembu

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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

There is a vacancy in the Non Linear Derivatives PC team for the role of Product Controller.

The overall responsibility of this role includes, but is not limited to, daily P&L production and balance sheet substantiation, reconciliations, and involvement in broader, floor wide Product Control initiatives.

The desk covers a range of products including Equity Options, Foreign Exchange Options, and Fixed income Options.


Job Description:


Production related responsibilities:

  • Accounting posting to the General Ledger accurate and timely information, in accordance with IFRS
  • Substantiation of the trading balance sheet ensuring the full balance sheet can be substantiated
  • Regulatory reporting ensuring accurate and timely data submissions to regulators


  • Data ownership

  • Ensuring the quality and accuracy of the data going downstream to other infrastructure areas


  • Control environment

  • Overseeing and maintaining the control environment in which the business operates
  • P&L review understanding and providing commentary on the P&L
In the process of production focus is needed on:

  • Reporting
  • Ensuring reporting is accurate and timely


  • Control

  • Ensure a robust control environment and report any deficiencies or issues to managers/relevant stakeholders
  • Understanding and problem solving
  • Ensure solid understanding of the production requirements and assist with solutioning for issues that arise

Key Accountabilities:

  • P&L production and BS substantiation
  • Interaction with key stakeholders
  • Process Owner (accountability)
  • Strategic and/or Project and /or Change related Initiatives
Education and Qualification

  • B degree/similar qualification in a financial/related discipline with 5 years relevant experience or CA(SA) with 2 years PQE experience
  • Investment banking or Product Control experience
  • Product specific knowledge
  • Experience in creating and maintaining an effective control environment
  • Experience with Projects and / or Strategic Initiatives and / or Change Management preferred
Education

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

  • Absa Bank Limited reserves the right not to make an appointment to the post as advertised_
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