Product Cost Manager
3 weeks ago
About the Role
As a Product Cost Manager at FirstRand Bank Limited, you will be responsible for delivering against operational and cost targets, prioritizing resource allocation to minimize wastage, and monitoring costs for the financial year according to the operational plan.
Key Responsibilities
- Deliver against operational and cost targets
- Prioritize resource allocation to minimize and reduce wastage
- Monitor costs for the financial year according to the operational plan
- Allocate and approve expenditure
- Review cost reports and resolve or explain variances to the budget
- Identify, control, and escalate potential risks that may lead to increased costs
- Manage costs or expenses within approved budget to achieve cost efficiencies
- Understand the business of the desk to provide commentary on large profit or loss movements on a daily and monthly basis
- Ensure timely and accurate reporting, analysis, submission, and communication or distribution of daily PnL
- Reconcile finance PnL to the risk attributed PnL and front office estimates, and understand and resolve any material differences identified
- Provide daily commentary on PnL movements and variance investigation to front office and finance management
- Ensure that internal financial controls over PnL are adhered to
- Liaise with operations teams to resolve any settlement issues
- Liaise with platform support teams to resolve any source system issues
- Report relevant PnL and Balance sheet positions and complete the applicable reconciliations, identifying and resolving any issues
- Provide advice to the business on the PnL impact of trades and the interaction of the trading and finance systems, especially regarding proposed new trades
- Ensure that applicable accounting standards are adhered to regarding PnL reporting
- Provide PnL data and commentary to the market risk governance team for regulatory reporting
Requirements
- Experience in a Quantitative role in the bank or an Investment bank
- Or previous experience within a Product Control role
- Deep technical finance knowledge
About Us
We are a team that is passionate about impact, structure credible solutions that address society's most pressing challenges, and are excited to be part of a team willing to get involved wherever required to achieve our collective ambition.
We Offer
- A scope to innovate to deliver market-first solutions
- Opportunities to collaborate and build relationships with a broad set of internal stakeholders
- Clients across the entire RMB ecosystem
Join Our Team
We look forward to engaging with you further and welcoming you to our team if you are passionate about impact, excited to be part of a team, and obsessed with execution.
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