Line Controller Treasury Pc Ho - 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


Play a key role in coordinating the execution and reporting of controls across teams for clearing accounts reside in Head Office for which Treasury Product Control is responsible for.


Job Description:


This is a new role that is created to ensure the effective control of cash clearing accounts in Head Office that Treasury Product Control is responsible for.

The individual will initially be responsible for the setup and embedment of key controls across various teams and will subsequently play a key coordinating role to ensure controls are executed effectively.


Responsibilities that will fall under this role include:

  • Accounting
  • posting to the General Ledger accurate and timely information
  • Substantiation of balance sheet ensuring the full set of accounts can be substantiated
  • Regulatory reporting alignment ensuring the Balance Sheet is aligned to reports to regulators
  • Control Environment overseeing the control environment in which the business operates
  • Data Ownership ensure that the various data owners and reconciliation owners have implement sufficient controls to ensure the completeness and accuracy of data.


  • Break resolution

  • Follow up with breaks, ensuring ageing and challenge risk assessments. Trend analysis to be developed to assist in understanding risk.


  • Break resolution

  • Ensure that repetitive breaks are logged and perform root cause analysis as required.
  • Governance ensure sufficient management oversight and reporting at various governance forums (GLRS, KRI and FRRC).
  • P&L review ensure that FTP consequences of balance sheet breaks are fully understood, quantified and communicated.


  • Account ownership

  • Gain an understanding of account composition and ensure visibility to product owners. Transfer of accounts to the correct BU owners. Ensure new accounts are allocated to the correct BU owners.


  • Audit

  • Ensure the successful execution of conformance testing and internal audit reviews.

Knowledge & Skills:

  • Knowledge of Absa Group
  • Knowledge of IFRS
  • Understanding and knowledge of the Banks Act Regulations
  • Presentation skills
  • Conflict Management skills
  • Analytical skills
  • Communication Skills
  • Leadership and management skills
Education and Experience Required

  • CA(SA)
  • 3 to 5 years PQE experience
  • Business experience in a Banking environment gained from a Finance
  • Experience in running multifaceted projects
  • Banking internal audit or audit experience would be beneficial

Competencies:

  • Analyzing
  • Deciding and initiating action
  • Formulating strategies and concepts
  • Leading and supervising
Education

Postgraduate Degrees and Professional Qualifications:
Financial Sciences (required)

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