Treasury Hard Currency Controller Remote Type: Hybrid
Location: Sandton
Time Type: Full time
Posted on: Posted Yesterday
Time Left to Apply: End Date: October 22, 2024 (5 days left to apply)
Job Requisition ID: R-15968209
Empowering Africa's tomorrow, together…one story at a time. With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary There is a vacancy in the Treasury Non-Zar Short Term Funding team for the role of Product Controller. The overall responsibility of this role includes, but is not limited to, daily Profit and Loss production and balance sheet substantiation, reconciliations, financial reporting, Annual Financial Statement preparation, tax calculations, forecasts and involvement in broader initiatives.
Products on the desk are: Foreign loan and deposits, Bonds, Interest rate swaps, currency swaps, Nostro's, Currency Investment Account and Customer Foreign Currency Accounts.
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 alignment - ensuring the Balance sheet is aligned to reports sent to regulators Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas Control environment – Overseeing the control environment in which the business operates Profit and Loss review – understanding and providing commentary on the Profit and Loss; displaying an understanding of the applicable Greeks (attribution) to explain Profit and Loss moves and the respective products on the desk. Being able to relate the said moves to Market trends or behavior. 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 Key Accountabilities: Profit and Loss production and BS substantiation Reconciliations including timely resolution of breaks/issues Financial reporting, including but not limited to monthly management packs. Interaction with key stakeholders Process Owner Regulatory reporting Strategic and/or Project and/or Change related Initiatives Role/Person Specification: CA or CFA qualification/candidacy Financial Accounting (including IFRS) knowledge Investment banking or Product Control experience Product specific knowledge is an added advantage Individual must be strong with regards attention to detail/accuracy, and able to operate within a complex environment Experience in creating and maintaining an effective control environment Experience with Projects and/or Strategic Initiatives and/or Change Management Education Bachelor's Degrees and Advanced Diplomas: Financial Sciences (Required)
Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank. Absa Bank Limited reserves the right not to make an appointment to the post as advertised. About Us Truly African We are a diversified standalone African financial services group, delivering an integrated set of products and services across personal and business banking, corporate and investment banking, wealth, investment management and insurance.
Absa Group Limited is listed on the JSE and is one of Africa's largest diversified financial services groups with a presence in 12 countries across the continent and around 41,000 employees.
We own majority stakes in banks in Botswana, Ghana, Kenya, Mauritius, Mozambique, the Seychelles, South Africa, Tanzania (ABSA Bank in Tanzania and National Bank of Commerce), Uganda, and Zambia. We also have offices in China, Namibia, Nigeria, the United Kingdom and the United States of America, a Technology Hub in Prague, and insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.
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