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
The overall responsibility of Product Control includes P&L reporting, balance sheet substantiation, and/or responsibility for process ownership within an asset class, and/or involvement in broader, floor wide Product Control initiatives
Job Description
Reporting & Substantiation related responsibilities include:
- 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 going downstream to other infrastructure areas
- Control environment – Overseeing 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 – Continue to implement the on-going control environment and report any deficiencies or issues to managers
Critical to your responsibilities:
- P&L reporting and BS substantiation
- Interaction with key stakeholders
- Process Owner
- Strategic and/or Project and /or Change related Initiatives
- Preferred education, qualification & skills:
Preferred education, qualification & skills:
- B degree/similar qualification in a financial/related discipline with 5 years relevant experience or CA(SA)
- Investment banking or Product Control experience
- Product specific knowledge
- Experience in creating and maintaining an effective control environment
Reporting & Substantiation related responsibilities include:
- 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 going downstream to other infrastructure areas
- Control environment – Overseeing 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 – Continue to implement the on-going control environment and report any deficiencies or issues to managers
Critical to your responsibilities:
- P&L reporting and BS substantiation
- Interaction with key stakeholders
- Process Owner
- Strategic and/or Project and /or Change related Initiatives
- Preferred education, qualification & skills:
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
What We Do
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
