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 SummaryThe overall responsibility of this role includes daily P&L production and balance sheet substantiation, and/ or responsibility for process ownership within the Sub-Saharan Africa, Commodities and Regional Management asset classes, and / or involvement in broader, floor wide Product Control initiatives. 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 SummaryThe overall responsibility of this role includes daily P&L production and balance sheet substantiation, and/ or responsibility for process ownership within the Sub-Saharan Africa, Commodities and Regional Management asset classes, and / or involvement in broader, floor wide Product Control initiatives.Job Description Job Description Accounting – posting to the General Ledger accurate and timely informationSubstantiation of the trading balance sheet – ensuring the full trading balance sheet can be substantiatedRegulatory reporting alignment - ensuring the Balance sheet is aligned to reports send to regulatorsData ownership – Ensuring the quality and accuracy of the data used downstream and being able to articulate trends or pick up anomalies to drive source remediationControl environment – Overseeing the control environment in which the business operatesPnL (Profit and Loss) review – understanding and providing commentary on the PnL; displaying an understanding of the applicable Greeks to explain PnL 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 (this includes considerations for product and instrument type/deal structure)Control – Ensuring a robust control environment and reporting any deficiencies or issues to managers/relevant stakeholdersAdherence to applicable policies and standards Key Accountabilities: P&L production and BS substantiationRunning the day to day PC deliverablesInteraction with key stakeholdersProcess OwnerStrategic and/or Project and /or Change related Initiatives to advance efficiency agenda Education Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (Required) Education Bachelors Degree and Professional Qualifications: Business, Commerce and Management Studies (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 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 representative offices in Namibia and Nigeria, as well as insurance operations in Botswana, Kenya, Mozambique, South Africa, Tanzania and Zambia.#J-18808-Ljbffr