Controller Product - Sandton, South Africa - Absa Bank Limited

Absa Bank Limited

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

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Empowering Africa's tomorrow, together one story at a time.

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

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; displaying an understanding of the applicable Greeks (attribution) to explain PnL moves and the respective products on the desk. Being able to relate the said moves to Market trends or behaviour (analytics)

In the process of production focus is needed on:

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
Reconciliations, including timely resolution of breaks/issues
Financial reporting, including but not limited to monthly management packs & AFS preparation
Interaction with key stakeholders
Process Owner (accountability)
Tax calculations & return submissions (VAT, STT, Income Tax)
Other legal entity related responsibilities (Regulatory, Compliance etc.)
Strategic and/or Project and /or Change related Initiatives (efficiency etc.)

Education

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