Manager Debt Middle Office

2 weeks ago

Sandton, South Africa Absa Bank Limited Full time
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


CIB Investment Banking is currently looking for a Manager who will manage the Debt Middle Office Team, managing all responsibilities for Debt investment banking transactions from implementation to termination and ensuring that transactional requirements are executed in line with the legal agreements.

They will also ensure all activities on a facility level are accurately executed and managed by staff in the team within the approved processes and controls.


In executing the role, the individual will interlock with various internal and external clients and stakeholders, ensuring a high level of service whilst managing portfolio risk through the correct and timely execution of business and client instructions.

The individual must also align the team to the business strategy and ensure the team contributes towards change project requirement setting, testing and implementation where required.


Job Description:

Risk Management Support

  • Develop/create/report on the Key Performance Indicators (KPIs) and Key Risk Indicators (KPIs) for quality and performance measurement purposes.
  • Continuous review and monthly performance reporting against key drivers (KPI, KRI and SLAs), enabling changes in the department where necessary to optimize results
  • Continuous review of monthly reports and recons, ensuring all trades and fees are booked and processed correctly and in line with set standards and controls.
  • Ensure processes, control requirements and risk management frameworks have been designed and implemented correctly.
  • Ensure processes, control requirements and risk management frameworks that have been designed for the area are understood by all stakeholders and executed by the team, regularly reviewing and updating them as necessary.
  • Ensure the team executes all processes, controls and regulations as policies and governance frameworks require. Doing spot checks and ensuring 4 eye checks are of a high level and done at all relevant points to avoid risk.
  • Managing all audit interactions for the Debt Middle Office team or.
  • All audit items/issues must be owned and discussed, and feedback must be prepared in conjunction with the Head of IB Ops and the Internal Control team.
  • For audit findings that impact the area, agree on the actions required and implement the required changes within agreed timeframes.
  • Ensure remediation actions are embedded within the required timelines and keep the team accountable by doing spot checks.
  • Ensure Green Audits.
  • Log and investigate all risk and loss events (Operational Risk Events) and ensure the issues are resolved and escalated as per the applicable policy. Monitoring and tracking until the issue is resolved and closed out.
  • In conjunction with Operational Risk Manager, identify trends and themes for rehabilitative action for the department.
  • Continuously review processes across the business to identify and mitigate risk areas
  • Ensure complaints management processes is embedded in the operations value chain and that the complaints process is working effectively to ensure the response to client and identification and remediation of root causes
  • Ensure the rollout and implementation of the Groupspecific and Debt Specific policies and standards, ensuring the relevant processes (signed off by the Head of IB Ops) are correct and effective risk management principles and staff are trained.
Middle Office Service Provider Responsibilities

  • Ensure MO contribute during implementation meetings to enable accurate and timeous finance model build. Ensure the client is loaded on all relevant systems to enable timeous payment to clients on the expected due date.
  • Booking trades with the Trading desk and validating that trades match the finance model built after the trading desk confirm the booking.
  • Working with the Debt Transaction Management (Debt TM) team to ensure any updates or changes to the legal agreements are reflected in updating the finance model and the related trades booked with the trading desk.
  • Monitor any changes that are required in the finance model (e.g., retched changes) and ensure the financial model is updated, as well as the related trades booked with the trading desk.
  • Monthly recon between financial models and trading desk bookings to ensure accurate P&L.
  • Monitoring all fees required to be charged per the legal agreements and Invoicing of fees while ensuring accuracy in calculating fees.
  • Ensuring all ongoing deal management tasks are performed per the legal agreements from a financial perspective.
  • Assist in identifying the reasons for cash breaks and providing feedback to Operations within the agre

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