Product Controller at Nedbank

Job Purpose

• To direct; add value and enable business decisions through effective consolidated financial analysis; reporting and controls within the Markets business; in line with Nedbank business strategy.

Job Responsibilities

• Valuation of derivatives and markets instruments.
• Daily Profit and Loss validation, attribution and reporting.
• Trade Lifecycle Management, including setting up market data required to book & value trades and positions and trade documentation for complex trades.
• Independent price verification and validation of market data.
• Analysis and BI/MI reporting of trading data.
• Close working relationship with the Front Office and bridging the gap between the trading desks and support areas.
• Provide meaningful recommendations, explanations and highlights of concerns or anomalies by analysing and interrogating financial or trading information
• Protect the trading environment by ensuring controls are adhered to.
• Ensure accurate risk and position exposure by reviewing reconciliations and following up on unreconciled items.
• Comply with relevant legislation by reviewing and submitting statutory returns timeously.
• Understand and meet stakeholders’ requirements through ongoing engagement.
• Assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies.
• Ensure relevant, best practice analysis and reporting by providing ongoing guidance and coaching to the team.
• Meet deadlines and targets through prioritising effectively, planning and communicating.
• Maintain high standards of analysis and reporting within defined timeframes by planning, organising and monitoring workflow.
• Contribute to intellectual capital development by providing continuous motivation, mentoring, coaching and on the job skills training.
• Achieve business objectives within specific timeframes by scheduling and coordinating activities and identifying appropriate resources to perform these activities.
• Manage defined risks in the finance function and risk categories at targeted levels by adhering to internal and external guidelines/policies/ procedures/business rules/ compliance and governance requirements.
• Support the achievement of the business strategy, objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, process, services and solutions are aligned.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
• Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g.Green Strategy).
• Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.

Technical / Knowledge

• Valuation of derivatives, bonds and/or other markets instruments 
• Derivatives and bond trade life cycle
• Trading and other relevant software and systems knowledge
• Mathematically strong 
• Complex data analysis and MI reporting
• Governance, Risk and Controls 
• Industry trends 
• Banking procedures 
• Business Acumen 
• Relevant regulatory knowledge 
• Research methodology 

Essential Qualifications - NQF Level

• Professional Qualifications/Honour’s Degree

Preferred Qualification

• CFA Charterholder / FRM / Financial Management / Engineering / Data Analytics / Mathematics

Minimum Experience Level

• 5 to 8 years in Markets Product Control, Markets Trading, Markets Trade Support, Markets Valuation Control or Markets Trading System Support and
• 2 years managing others

Type of exposure

• Markets Trading environment
• Conducting root cause analysis 
• Developing ways to minimize risks 
• Managing conflict situations 
• Influencing stakeholders to obtain buy-in for concepts and ideas 
• Sharing information in different ways to increase internal stakeholders understanding 
• Brainstorming ways of improving a product or situation 
• Challenging the status quo with a view to improve people's understanding of issues 
• Managing team dynamics 
• Writing business proposals 
• Identifying trends and anomalies

Technical / Professional Knowledge

• Banking procedures
• Business Acumen
• Cluster specific operations
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Remuneration policies and principles
• Research methodology