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.

The 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