Product Controller

2 weeks ago

Sandton, South Africa Absa Bank Limited Full time

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:

- 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

Education

Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (required)
- Absa Bank Limited reserves the right not to make an appointment to the post as advertised_

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