See more Collapse

Valuation Controller

4 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

**Job Description**:
The overall job purpose is to independently verify the appropriateness of the Fair Valuation of the Trading Positions.
- Decomposing trades into various risk factors, providing alternative valuation methodologies when parameters aren’t

observable and performing stress testing to quantify uncertainty ranges.
- Reviewing IPV methodology and implementing improvements and efficiencies.
- Reviewing valuation adjustment methodologies for their appropriateness to ensure positions are marked to fair value.
- Inventory valuation and control; which includes supervising the production quarterly disclosures, the reporting of Fair Value

Measurement and Option, completeness controls and SOX documentation / testing

**Job Description**:
Accountability:

- Ensure that implications of Absa Group requirements and policies (including changes in accounting standards) are understood and communicated.

Any new developments in IFRS/ accounting standards impacting valuations are being

implemented.

Review reporting for compliance with key external requirements and with audit requirements

Accountability: Staff development and team management (20 %)
- Develop staff knowledge in Valuations Control functions, technical expertise and market risk concepts
- Build skills base and competences through facilitation of appropriate trainings.

Manage careers of staff members.
- Maintain and develop own knowledge and expertise at the leading edge of banking industry practice.
- 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.
- Demonstrates pride in the organisation's brand, services and products by consistently delivering on the brands promise
- Provide measurable and specific real-time feedback to team members to ensure that daily operations are in line with agreed performance measures
- Maintain a positive attitude and respond openly to feedback
- Contribute to a friendly, co-operative climate in working with others to achieve collective goals
- Act as escalation point for all grievances raised in the team.
- Review overall team performance and provide input to consistency check meetings.

Recognize the efforts of their staff members

Accountability: Valuations Control Core responsibilities (70%)

Calculation and implementation of fair value adjustments of fair value adjustment calculations across all desks or product/asset class (i.e. Rates, FX, Commodities, Equities, Credit)
- Price Testing
- Counterparty credit risk adjustment
- Bid Offer testing
- Day 1 PnL
- Model Risk adjustments
- Challenge balance sheet numbers
- Engage with the Deal Conclusion Forum (DCF) on an ad hoc basis to provide them with comfort around the model, propose market norms and identify down-the-line issues.
- Sit on the Market Risk Technical Committee (MRTC) and provide an expert opinion on modelling throughout the bank
- Maintain awareness of country specific regulations and pricing realities, as well as ensuring compliance with regulations regarding valuation and reserving; analyse and research relevant products; and stay relevant and up to date with legislations and new development
- Build and maintain professional working relationships with all stakeholders, displaying excellent abilities to initiate dialogue, listen, advise, influence, and negotiate to achieve winwin outcomes.
- Preserves relationships despite airing conflicting views and seeks mutual gains when addressing conflicts
- Anticipates consequences and adapts problem solving based on continual feedback
- Act speedily to resolve problems, queries and complaints
- Adapt communication styles to meet the needs of different audiences
- Innovation : Investigate new and better ways to enhance e processes by measuring the effectiveness of all procedures.
- Plan and manage own workflow, anticipating obstacles, juggling priorities and following through on objectives within agreed timeframes and according to quality standards
- Take ownership of personal career development, leveraging formal and informal opportunities
- Continually share, debate and communicate learning's
- Assist with Projects and Firm wide initiatives
- Interaction with Key Stakeholders:

- Interaction with various areas across the Absa in order to obtain and understanding of the impact these areas have on Valuations Control as well as providing both formal reporting as well as ad hoc query resolut

We have other current jobs related to this field that you can find below

  • Valuation Controller

    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 **Job...

  • Valuation 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 SummaryJob...

  • Derivatives Valuations Controller

    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 Facing...

  • Snr. Controller Valuations

    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 SummaryThe job is...

  • Derivatives Valuations Controller

    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 SummaryFacing off...

  • Quantitative Analyst

    3 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...

  • Quantitative Analyst Cib Finance 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 Facing...

  • Valuation 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 To...

  • Valuation 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 SummaryTo...

  • Inventory Controller

    1 week ago

    Sandton, South Africa Mastech General Trading Full time

    **Experience with SAP** - Proficient in using the Microsoft Office programs and advanced excel skills - Accounting (Current IFRS requirements) related to inventory accounting - Knowledge of the Income Tax Act related to inventory - Attention to detail - Good interpersonal skills - communicates appropriately and considers the counterparts’ level of...

  • Senior Traded Market Risk 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 **Job...

  • Market Risk Analyst

    6 days 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 To...

  • Senior Actuarial Specialist

    21 hours ago

    Sandton, South Africa Hollard Recruitment Full time

    To support the various deliverables of Hollard Life valuations team related to providing published valuation results, including but not limited to providing monthly/quarterly published valuation results while monitoring the actual experience versus the expected experience of the supported business units.To mentor / guide and review work of other members of...

  • Line Controller Product Control

    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 To...

  • Market Risk Analyst

    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 SummaryTo...

  • Senior Traded Market Risk Analyst

    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 SummaryJob...

  • Line Controller

    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 An...

  • Professional Property Valuer

    2 weeks ago

    Sandton, South Africa Ability Recruitment Full time

    Permanent JHB00277 Property Gauteng, Sandton R R Annually Cost To Company The main purpose of this position is to visit properties in order to appraise their value, offer client advice and assess each opportunity. REQUIREMENTS: Registered as a Professional/Associate Valuer with the South African Council for the Property Valuation profession. At least 1 year...

  • Market Risk Analyst

    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...

  • Controller Product

    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 To...