Line Controller Product Control: Ssa, Comm & Rm

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
An exciting role has opened up in PCG:
Line controller Product Control SSA, commodities and regional management. The overall purpose of this role is the day to day management of the teams responsible for the production of various tasks within an asset class in the PCG team which carries out the following:
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 to regulators
Data Ownership - ensuring the quality and accuracy of the data going downstream to other infrastructure areas
Control Environment - overseeing the control environment in which the business operates
P&
L review - understandingand providing commentary on the P&
L
In the process of production focus is needed on:
Escalation of significant issues reported
Reporting - ensuring reporting is accurate and timely
Control - Continue to implement the on-going control environment and report any deficiencies or issues to managers.
**Job Description**:
Key Accountabilities:
Accountability:
Management and oversight of immediate team performing P&
L production and BS substantiation
Expert knowledge of products traded on the desks and their impact across the finance sector
Thorough understanding of the risk and P&
L drivers for the products coupled with an understanding of external markets and changes in market parameters
Needs to maintain an excellent understanding of processes and procedures to be able to pick up production where necessary.
The capacity to work, manage and deliver under pressure.
Presentation of consolidated financial information for FO and Finance Management
Interact with other infrastructure areas, specifically Operations and Financial Control, for issue resolutions
Ultimate escalation point, including the facilitation of issue resolution.
Ambassador of immediate team to rest of the organisation
Involvement in any Product Control specific initiatives
Accountability:
Interaction with key stakeholders
Interaction with various areas across the Absa Group in order to obtain and understanding of the impact these areas have on Product Control as well as providing both formal reporting as well as ad hoc query resolution to these areas. Areas include:
AbsaCIB Finance, including Financial Control, Balance Sheet Control and Financial Decision Support.
Absa CIB Front Office, including head of Markets;
Absa CIB Capital Management
Absa Product Control
Accountability:
People Management
Management of a medium sized team 5-10 people - direct &
indirect
Ownership of all the people related issues development, performance management, recruitment, compensation
Team Management - recruiting, succession planning, ensuring staff are skilled up via training, performance review, career development, secondments, re-structures.
Accountability:
Projects/Change
Efficiency - looking for continuous improvement in the efficiency by which the desk carries out its work.
Reporting - looking for continuous improvement in the reporting ability and performance of the desk
Control - looking for continuous improvement in the ability of the desk to control the business
Education and Experience Required
B degree/similar qualification in a financial/related discipline with 7-10 years relevant experience or CASA with 5-8 years PQE experience
Extensive management experience 3-5 years
Investment banking or Product Control experience preferred
Fixed Income Product Specific knowledge preferable
Experience in creating and maintaining an effective control environment
Knowledge &
Skills:
Strong technical accounting skills
Exceptional academic track record
Good interpersonal and team-working skills and the ability to communicate at all levels
The ability to work in a pressured and unstructured environment and to cope with the demands of working to tight deadlines
Maturity - able to deal with managers
Business acumen
An understanding of financial mathematics
Performance orientated and client service driven
Report writing and presentation skills
Understanding of Economics
Knowledge of financial markets
Excellent numeric ability
Bank Valuations skills
Investment banking product knowledge
Ability to manage and develop a medium sized team
Competencies:
Deciding and initiating action
Learning and researching
Entrepreneurial and commercial thinking
Relating and networking
Adapting and responding to change
Persuading and influencing
Creating and innovating
Education
Postgraduate Degrees and Professional Qualifications:
Business, Commerce and Management Studies Required
Absa Bank reserves the right not to make an appointment to the post as advertised