Controller Product: Equities Franchise (ACS) at Absa Group Limited (Absa)

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 - ensuring accurate and timely data submissions to regulators
• Data ownership – Ensuring the quality and accuracy of the data going downstream to other infrastructure areas
• Control environment – Overseeing and maintaining the control environment in which the business operates
• P&L review – understanding and providing commentary on the P&L; displaying an understanding of the applicable Greeks (attribution) to explain PnL moves and the respective products on the desk. Being able to relate the said moves to Market trends or behaviour (anaylytics)

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
• Understanding and problem solving – Ensure solid understanding of the production requirements and assist with solutioning for issues that arise

Key Accountabilities:

• P&L production and BS substantiation
• Reconciliations, including timely resolution of breaks/issues
• Financial reporting, including but not limited to monthly management packs & AFS preparation
• Interaction with key stakeholders
• Process Owner (accountability)
• Tax calculations & return submissions (VAT, STT, Income Tax)
• Other legal entity related responsibilities (Regulatory, Compliance etc)
• Strategic and/or Project and /or Change related Initiatives (efficiency etc)

Education and Qualification

• B Com degree/similar qualification in a financial/related discipline
• CA or CFA qualification/candidacy is a plus
• Financial Accounting (including IFRS) knowledge in the financial services context
• Experience/familiarity with Tax is an added advantage
• 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

Closing Date: 30th June 2022