Foreign Exchange Product Controller at Absa Group Limited (Absa)

Job Summary

• There is a vacancy in the Non Linear Derivatives PC team for the role of Product Controller. The overall responsibility of this role includes, but is not limited to, daily P&L production and balance sheet substantiation, reconciliations, and involvement in broader, floor wide Product Control initiatives. The desk covers a range of products including Equity Options, Foreign Exchange Options, and Fixed income Options.

Job Description

Production related responsibilities:

• Accounting – posting to the General Ledger accurate and timely information, in accordance with IFRS
• Substantiation of the trading balance sheet – ensuring the full balance sheet can be substantiated
• Regulatory reporting - ensuring accurate and timely data submissions to regulators
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
• Control environment – Overseeing and maintaining 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 – Ensure a robust control environment and report any deficiencies or issues to managers/relevant stakeholders
• Understanding and problem solving – Ensure solid understanding of the production requirements and assist with solutioning for issues that arise

Key Accountabilities:

• P&L production and BS substantiation
• Interaction with key stakeholders
• Process Owner (accountability)
• Strategic and/or Project and /or Change related Initiatives

Education and Qualification

• B degree/similar qualification in a financial/related discipline with 5 years relevant experience or CA(SA) with 2 years PQE experience
• Investment banking or Product Control experience
• Product specific knowledge
• Experience in creating and maintaining an effective control environment
• Experience with Projects and / or Strategic Initiatives and / or Change Management preferred

Education

• Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required)