Snr. Controller Valuations

3 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

The job is to lead sub teams with the Independent Valuation Control Team as a Line Controller

**Job Description**:
The Group trades multiple financial instruments and products that are held at fair value either through profit and loss or through equity (available for sale). A key control requirement is to ensure they are carried at the best and most appropriate fair value supported by as much external and internal information as is available The core responsibility of the role is to ensure a robust control process exists around the Groups inputs to fair valuation of those assets and liabilities.

The role is to be a senior in the team and be a senior member of the Product control management team that informs the direction of Product Control Team a sub department of Finance CIB.

This requires strong communication and influencing skills particularly at senior levels in the firm.

Key Accountabilities:
Accountability: Compliance with Absa Group requirements and accounting policies
- Ensure that implications of Absa Group requirements and policies (including changes in accounting standards) are understood and communicated.
- Ensure any new developments in IFRS/ accounting standards impacting valuations are being implemented.
- Reporting for compliance with key external requirements and with audit requirements
- Ensure compliance with regulatory, accounting and legal requirements.
- Continuously consider risk mitigation and control operational effectiveness
- Identify and review all areas with Material Valuation and Model Risks
- Clearly understand the weaknesses of market data, valuation techniques and models used

Accountability: Independent Valuation Control
- Calculation and implementation of fair value adjustments across all desks or product/asset class (i.e. Rates, FX, Commodities, Equities, Credit)
- Price Testing of used valuation inputs through sourcing and use of disparate data sources
- Understanding of and verification for Counterparty credit risk adjustments made
- Verification of the Bid Offer reserve to mark books to their exit price per IFRS 13
- Calculation of and authorisation for Day 1 PnL adjustments for unobservable inputs
- Review and authorisation of Model Risk adjustments,
- Escalate all material issues to the Head of Product Control
- Provide technical valuation support to the Front Office, Product Controllers and Senior Management.
- Knowledge of CSA/OIS discounting framework
- Understanding of industry level XVA’s and their specific implementation within Absa
- Involvement in and sign off for New product approvals
- Attendance and active participation at the valuation governance and related control committees

Accountability: Management and Leadership
- Recognized as an expert in their discipline. Deep technical knowledge.
- Continually delivering process improvement and challenging the status quo.
- Proactively transfers knowledge to the team. Mentors line managers to ensure technical knowledge is cascaded.
- This includes but is not limited to:

- Direct, manage and drive the performance of the team
- Manage a team of controllers (analysts/AVP’s) to ensure a high level of client service
- Hands-on approach coupled with proactive leadership skills and the ability to delegate effectively
- Maintain a focus on talent management, development, resourcing and retention.
- Embed formal Performance Development and informal coaching in the team.
- Review training needs of team members.
- Establish and maintain a succession plan for the key roles in the team.
- Interview and recruit direct reports.
- Review workforce and recruitment plans for the team and reallocate resources where required.
- Associated people management administration
- Review overall team performance and provide input to consistency check meetings.
- Recognize the efforts of their staff members
- Understands and complies with all applicable governance, compliance and risk policies and procedures
- Fosters an atmosphere of compliance, ensures regulations are observed, and puts relevant processes in place for staff to escalate problems
- Accountable for implementation of Group’s risk control framework for area of responsibility
- Thoroughness, rigor and attention to detail with regard to products, processes and controls

Accountability: Commercial effectiveness
- Excellent understanding of own field. Up-to-date with relevant sector/department knowledge, and has insight into external market developments/initiatives
- Demonstrates credibility and confidence when dealing with those outside function.
- Networks effectively in the market
- Is able to look at information with

  • Derivatives Valuations Controller

    7 days 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 Facing...

  • Quantitative Analyst

    4 weeks ago

    Sandton, South Africa Efficient Frontier Recruitment Full time

    Well-known and respected financial services firm has a challenging opportunity available for an **experienced** Quant with an expert-level understanding of the **valuation and pricing of financial instruments** across all asset classes and markets. The individual will be responsible for ensuring the accurate determination and daily provision of financial...

  • Line Controller

    7 days 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 An...

  • Market Risk Analyst

    4 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 The...

  • Line Controller Product Control: Ssa, Comm

    4 days 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 An...

  • Actuarial Analyst

    7 days ago

    Sandton, South Africa Discovery Ltd. Full time

    **Business Unit**:Discovery Life**Function**:Actuarial Sciences**Date**:8 May 2024- Discovery Life Actuarial Analyst CEB Valuations**About Discovery** - Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own...

  • Actuarial Manager Sandton Johannesburg

    7 days ago

    Sandton, South Africa Sanlam Full time

    **Who are we?** At SanlamAllianz, we are proud of being the largest Pan-African, non-banking financial services organization on the continent. Our dynamic operations span across 27 African countries (excluding South Africa), and our business is focused on life insurance, general insurance, retail credit, health, bancassurance, and asset management. Our core...

  • Asset Manager

    4 weeks ago

    Sandton, South Africa Ability Recruitment Full time

    The purpose of this job is to maximise return and extract and enhance value for each of the properties in the portfolio allocated to the asset manager, including assisting in all aspects of the administrative, financial, capital and operations of the assigned portfolio. **REQUIREMENTS**: - Matric - Tertiary qualification essential - An in-depth...

  • Actuarial Analyst

    5 days ago

    Sandton - Discovery Place, South Africa Discovery Full time

    Discovery LifeActuarial AnalystCEB ValuationsAbout Discovery Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart,...

  • Snr Oracle Database Administrator

    4 weeks ago

    Sandton, South Africa Dimension Data Full time

    FunctieomschrijvingThe Database Administrator operates within the internal Information Technology departments of Dimension Data or client facing service department and takes responsibility for the performance, integrity and security of large, more complex databases and processes. Individuals in this role take responsibility for the design, implementation and...

  • Consultant Corporate Development

    4 days 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 The...

  • Actuarial Analyst

    5 days ago

    Sandton - 1 Discovery Place, South Africa Discovery Full time

    Discovery LifeActuarial AnalystCEB ValuationsAbout Discovery Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart,...

  • Specialist - Risk and Capital Management Analyst

    1 week 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 To...

  • C# /.NET Developer

    3 weeks ago

    Sandton, South Africa IOCO Full time

    Are you an experienced C# Developer looking for a new challenge? We're seeking a skilled individual to join our team and take responsibility for all aspects of software development, from planning and design to coding, deployment, and operational support. What you’ll do: Design, develop, and modify software solutions according to engineering best...

  • C# /.NET Developer

    4 weeks ago

    Sandton, South Africa IOCO Full time

    Are you an experienced C# Developer looking for a new challenge? We're seeking a skilled individual to join our team and take responsibility for all aspects of software development, from planning and design to coding, deployment, and operational support.What you’ll do:Design, develop, and modify software solutions according to engineering best...

  • Actuarial Manager | Sandton Johannesburg

    4 weeks ago

    Sandton, South Africa Sanlam Group Full time

    Who are we?At SanlamAllianz, we are proud of being the largest Pan-African, non-banking financial services organization on the continent. Our dynamic operations span across 27 African countries (excluding South Africa), and our business is focused on life insurance, general insurance, retail credit, health, bancassurance, and asset management. Our core...

  • Operations Manager

    4 days ago

    Sandton, South Africa Sanlam Full time

    **Who are we?** Satrix is he leading provider of index-tracking investment products and exchange traded funds (ETFs) in South Africa, with assets under management invested in the range of ETFs, index-tracking unit trusts, life pooled and segregated portfolios that are specifically tailored for client-specific mandates or retail funds. A core part of the...

  • Actuary

    6 days ago

    Sandton, South Africa Discovery Ltd. Full time

    **Business Unit**:Discovery Central Services**Function**:Actuarial Sciences**Date**:13-Apr-2023**GROUP RISK MANAGEMENT: QUANTS AND CAPITAL MODELLING - CORPORATE ACTUARY** This position forms part of the Quants and Capital Modelling team in the Group Risk Management department. The jobholder will be a qualified actuary (with at least 1-4 years PQE) with...

  • Contract Administrator

    1 week ago

    Sandton, South Africa Bidvest Bank Full time

    **Primary Purpose** In alignment with the Bank strategy of customer centricity, the contract management is responsible for administrating the contract life cycle, from onboarding to end of contract, for all Lending (all types of facilities approved by the Bank) and Leasing products as well as Customers. They will also adhere to policies, procedures, in line...