Summary
Date Posted: Monday, February 24 2025, Base Salary: Not Disclosed

JOB DETAILS:
Key responsibilities and approximate time split:
General control and supervision30%
• Produce PnL for the Global Markets and Treasury Unit.
• To produce different reconciliations like FOBO recons, BOBO recons, Cash wash, internal funding and inter-desk line on daily basis.
• Recommend, develop and introduce system automation solutions for Global Markets and Treasury risk monitoring
• Assist in the reduction of operational risk and /or any other risk in the Treasury Front and Back-Office Manage and any change initiatives that impact the Middle-Office function

Compliance with Group requirements and accounting policies 25%
• Ensure that implications of Group requirements and policies (including changes in accounting standards) are understood and communicated.
• Ensure compliance with MOM standards and audit requirements.
• Coordinate and manage TRC/MRCC reporting and minutes.
• Support Global markets i.e. by providing MI reports for their activities

Personal development 15%
• Develop staff knowledge in Product Control functions, technical expertise
• Build skills base and competences through facilitation of appropriate trainings to raise proficiency of middle-office team
• Strengthen product control team, and work with team to develop a distinctive culture and to develop their skills and capabilities.
• Promote standards and requirements by developing a network of professionals and building their capabilities through formal and informal interventions.
• Maintain and develop own knowledge and expertise at the leading edge of banking industry practice.

Product Control Core responsibilities 30%
• To overlook Global markets & treasury activities in terms of (Front/back) P&L Reconciliation, FX Positions.
• Standardize and refine existing procedures to improve Middle-Office environment and review Pricing/MVA/Rate Reasonability Policies related to Product Control, Global markets & Treasury products.

Risk and Control
• Manage risk and control effectively by applying applicable risk frameworks and embedding a positive risk culture
• Understanding of own role in the end-to-end processes in which you play a part, including applicable risks and controls.
• Adhere to Absa’s policies and procedures applicable to own role, demonstrating sound judgment and responsible risk management.
• Report all risk events / incidents / issues using the defined process for your business area and help to understand why these happened and how to prevent them in future.
• Proactively look for ways to improve the control environment by considering what could go wrong in the processes you operate and how errors could be prevented.
• Continuous and proactive engagement with regulatory bodies, unions where applicable
• All mandatory training completed to deadline all mandatory training completed to deadline.
• Understand and ensure all the key controls in product control and governance arena are actively implemented.

Technical skills / Competencies
• Analytical abilities
• Commercial awareness
• Excellent written and verbal communication
• High integrity
• Drive for results
• Sound technical knowledge of risk management and risk systems
• Ability to challenge at all levels and not be easily influenced
• Quality – high standards and controls
• Problem solving/decision making
• Planning and organizing
• Team player/flexibility
• Presentation skills
• Inter mediate Computer usage skills-Ms office (Ms excel, word, access and power point,
• Business awareness
• Project management

Knowledge, Expertise and Experience
Essential
• The Job requires full knowledge of various Global markets & treasury products (FX, MM, Derivatives and Fixed Income).
• Knowledge/practice experience of Treasury risk and Finance systems and operational processes
• In-depth knowledge of Market risk methodologies & tools
• Knowledge of standard and non-standing Treasury products
• General Acceptance Risk Principles (GARP) in a Treasury environment
• Project management skills
• Knowledge of commercial, retail and treasury banking in an international banking group and associated financial drivers.
• Knowledge of financial reporting and control practices and principles in a major quoted Group.
• Good knowledge of IFRS standards as applied to financial services.

Education and experience
• A degree in finance, Accounting, banking, Actuarial or other related degrees
• Professional qualification like ACI, CPA will be added advantage
• Experience of at least 3 years in Treasury or accounting functions

Preferred
• Experience of working in a multinational, multi-segment, environment with matrix reporting.
• Awareness of cultural differences and varying legal/regulatory environments.
Note
• Women are highly encouraged to apply

Absa Values
Absa Purpose Values and behaviors represent the set of standards which governs the actions of all of us who work for the bank and against which the performance of every one of us in Absa are being assessed and rewarded:
• Trust
• Resourceful
• Stewardship
• Inclusion
• Courage

Work Hours: 8

Experience in Months: 36

Level of Education: Bachelor Degree

Job application procedure

Interested and qualified? Click here

All Jobs

QUICK ALERT SUBSCRIPTION