Officer GM Product Control Job At Standard Bank January 2021

Job Opportunity at Standard Bank-Officer GM Product Control

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Job Opportunity at Standard Bank-Officer GM Product Control


Officer, GM Product Control
Job Details

Job Opportunity at Standard Bank-Officer GM Product Control Finance: budgeting and forecasting, creating interim and annual financial statements, facilitating internal mergers and acquisitions, as well as dealing with analysts and investors.

Job Purpose

To provide routine Global Markets & Treasury products reporting on income statement and balance sheet and reconciliation function within the Product Control Division of Global Markets Finance

Key Responsibilities/Accountabilities

 

  • Profit and loss – daily/monthly calculation, reconciliation/substantiation and reporting.
  • Balance sheet (Global Markets & Treasury)– daily/monthly calculation, reconciliation/substantiation and reporting.
  • Currency positions – daily reconciliation between front end dealing systems and core banking system.
  • Daily calculation of P&L, utilising market data from Market Risk and Deal Data from front end dealing system and Core Banking System.
  • Daily reconciliation of the P&L and product balance sheet between front office dealing systems, core banking systems, general ledger and dealers, utilising market data from Market Risk and Deal Data from front end dealing system and Core Banking System.
  • Daily reporting, analyses and investigation of P&L and product balance sheet.
  • Investigation and resolution of daily P&L and balance sheet variances.
  • Preparation of periodic P&L and balance sheet summaries/analysis.
  • Liaison with all front office related areas (recons, front-office, back office and market risk).
  • Internal client liaison.
  • Ad-hoc assignments, projects and systems work.
  • Managing sign-offs and making follow up of any outstanding approvals before end of day.
  • Preferred Qualification and Experience

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Qualifications

 

  • B. Com (finance/account preferred) or any other relevant financial degree.
  • CPA/ACCA will be an added advantage
  • Excellent mastery of MS excel and/or Microsoft power point.
  • Understanding of Global Markets/Treasury Products (Bonds, T-bills, Foreign exchange, Derivatives etc) will be added advantage.

 

Experience

 

  • 1 -2 years’ experience working in a Global Markets/Treasury product control, Auditing or similar environment (finance or market risk support role would be sufficient)

 

Knowledge/Technical Skills/Expertise

 

  • Understanding of Global Markets/Treasury Products (Bonds, T-bills, Foreign exchange, Derivatives etc) will be added advantage.
  • Problem Solving
  • Investigation of daily P&L and Balance sheet variances.
  • Assist in designing business processes on relevant system implementations
  • Ad-hoc queries
  • Daily time management – tasks are generally completed daily
  • Month-end/year-end pressures are limited to analyses and reporting

 

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