Controller Product

Empowering Africas 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 There is a vacancy in the Product Control team for the role of Product Controller - AVP grade in PCG Line: Prime Services Desk. 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 Production related responsibilities:

• 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)
• Control - Ensuring a robust control environment and reporting any deficiencies or issues to managers/relevant stakeholders
• Adherence to applicable policies and standards
• Escalation and following up on significant issues reported

Key Accountabilities:

• Accountability: Management and oversight of immediate team performing P&L production and BS substantiation
• Running the day to day PC deliverables
• Interact with other infrastructure areas, specifically Operations and Financial Control, for issue resolutions
• Process Owner
• Strategic and/or Project and /or Change related Initiatives to advance efficiency agenda

Education and Qualification

• B degree/similar qualification in a financial/related discipline
• CA or CFA candidacy is a plus
• Investment banking or Product Control experience
• Product knowledge i.e. Derivatives exposure would be a plus
• Experience in creating and maintaining an effective control environment
• Experience with Projects and / or Strategic Initiatives and / or Change Management

Education Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required) Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Information :

• Company : Absa Bank Limited
• Position : Controller Product
• Location : Sandton, Gauteng
• Country : ZA