Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Job DescriptionThe product controller will work in close contact with the Treasury front office and its traders, risk and valuation units, and have exposure to global market products (whether vanilla / flow products or more complex structured / exotic products), allowing the candidate to understand why and how a bank trades on a daily basis and how the treasury facilitates liquidity and risk management for the rest of the bank
Financial Management
- Responsible for signing off on the validity, accuracy and completeness of the balance sheet of each business within the Treasury. Reconcile deals on balance sheet back to source systems and across businesses (for intragroup transactions). Provide Independent verification and validation of carrying values of loans and financial investments on balance sheet through independent price checking (interest rates, share prices, valuations) provided on source systems or directly form Business.
- Deliver accurate and timeous on Risks and Profit and Loss (P&L), and ensure interdivisional and intercompany alignment. Deliver accurate P&L reports (daily, weekly & monthly) analysis and commentary to business, legal entity control and other stakeholders without delay. Monitor and report on all interdivisional and intercompany breaks with the aim of resolving these when they occur. Monitor and report on high risk accounts and operational risk areas
Product
- Provide efficiencies for the team by leveraging off common processes across Global Markets and streamlining daily tasks by automation of processes and flows. Participate in change initiatives within the Treasury business to enhance management information and to reduce the need for manual intervention across trade and accounting processes. Provide technical accounting sign off for all new products.
Risk, Regulatory, Prudential & Compliance
- Provide support to ensure successful and timely completion of internal and external audit engagements. Liaise with internal and external auditors to provide necessary information
Type of Qualification: First Degree
Field of Study: Business Commerce
Experience Required
Product Control
Finance & Value Management
3-4 years
Product control analysis
Behavioural Competencies:
- Articulating Information
- Challenging Ideas
- Directing People
- Embracing Change
- Examining Information
- Exploring Possibilities
- Providing Insights
- Pursuing Goals
- Taking Action
- Team Working
- Thinking Positively
- Upholding Standards
Technical Competencies:
- Financial Accounting
- Financial and Accounting Control
- Reconciling Financial Records
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What We Do
As a brand with a legacy of 161 years in Africa, we have a deep understanding and belief in the boundless opportunities that this continent presents. Our vision extends beyond mere geography; it encompasses a profound recognition of the potential for growth that resonates within our people, customers, entrepreneurs, and all who share our unwavering commitment and passion for investing in Africa. With a presence in 20 countries across sub-Saharan Africa, we have cultivated a diverse community of the most skilled, innovative, and creative minds in the industry. Our purpose is to drive Africa's growth, acting as a catalyst for inclusive and sustainable economic development in the regions we serve. We strive to improve the lives of our fellow Africans by conducting business in an ethical and responsible manner. As a trusted partner, we consistently set higher standards and aspire to become better with each endeavour. We are more than just a banking institution; we are a driving force behind Africa's growth. Join us on this transformative journey. Together, we have the collective power to propel Africa into the future, making tangible progress for all who proudly call Africa home.
