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.
Absa Treasury ALM Product Control
There is a vacancy in the Treasury Asset and Liabilities Management team for the role of Product Controller.
The overall responsibility of this role includes, but is not limited to, daily Profit and loss production, Balance sheet substantiation, reconciliations, financial reporting, forecasts and involvement in broader initiatives.
Production related responsibilities:
Accounting – posting to the General Ledger accurate and timely information, in accordance with IFRS
Substantiation of the balance sheet – ensuring the full balance sheet can be substantiated
Regulatory reporting alignment - ensuring the Balance sheet is aligned to reports send 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 on the desk in relation to the related products and funding volumes.
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
Education and Qualification
CA qualification
Product Control experience
Financial Accounting (including IFRS) knowledge
Product specific knowledge
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
Absa Group Limited (Absa) has forged a new way of getting things done, driven by bravery and passion, with the readiness to realise growth on the African continent and beyond.
We’re a truly African brand, inspired by the people we serve in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, Uganda, and Zambia. We also have representative offices in China, Namibia, Nigeria and the United States, as well as securities entities in the United Kingdom and the United States, along with technology support colleagues in the Czech Republic.
