Front Office Technical Analyst at Absa Group Limited (Absa)

Job Summary

CIB Front Office Technical Analysis Team is currently looking for an Analyst to perform the following functions:

• Assist the trader by performing deal management activities throughout trade life cycle post-BO Confirmation, as requested by the trader
• PnL attribution on T0 explaining the daily PnL into the market moves and Greeks and comparing against trader flash ensuring no unexplained PnL
• Perform all trade amends on trades in BO and BOBO status as requested by Front Office
• Curve and static data maintenance and review
• Trader assistant function, including helping with PnL, funding and risk investigations and assisting with life cycle events
• Analyse data from trading systems from a PnL and risk perspective for various groups including Compliance, Front Office, Risk and operations.
• Investigate and explain differences in values between trading system and attribution system
• Create new portfolios in the systems on request

Job Description

Accountability:  General control

• Explain new deal and total PnL and justify material unexplained.
• Perform deal review and amendments as requested.
• Follow proper procedure to implement new curves/volatilities and valuation static
• Monitor and investigate differences between valuation system and attribution, assisting the Front Office to ensure deals are meticulously managed without incurring any operation loss events.
• Review valuation exceptions in the Valuation Group Exceptions.
• Review all the daily controls, this among others entail the following: Reset Exceptions, CAB Report, Valuation Group monitoring for all financial products, Terminated trades report.

Accountability:  Working directly with Front Office

• First point of contact for FO to investigate causes of valuation errors, anomalies in position risk, cash flow management queries and assisting traders to terminate trades.
• Assess and notify Front Office of economic impact of changes in valuation static and amends.
• Participate in pre-implementation meetings pertaining to new deals or existing deals being restructured as support to the Front Office.
• Book trades into Simulated status as requested by Front Office on an ad hoc basis, ensuring the trades are in line with legal requirements.
• Proactively assist the trader to manage deal milestones and ensuring applicable trackers and check lists are adhered to.
• Where required liaise with upstream/downstream parties to resolve queries, working jointly with specialist teams e.g. Tax and Legal
• Adhoc MI – prepare and provide relevant information as and when requested by Front Office, and other functional units.

​​​​​​​​​​​​​​Accountability:  Staff development

• Develop own knowledge of the valuation systems
• Know the intimate details of the products we trade.
• Develop a bridging relationship between FO, PCG, Ops, IT and other support areas.
• Develop soft communication abilities and be able to explain difficult concepts with regards to trader strategies and the Greeks to non-Front Office staff.
• Proactively investigate new and better ways to enhance the trade management environment by regularly evaluating the effectiveness of all procedures and controls

​​​​​​​​​​​​​​Education and Experience Required

• 2- 3 years experience
• Degree in mathematics, statistics or financial engineering, or if another financial/accounting degree – a must
• Ability to code in VBA ,Python or any other language is an advantage
• CFA and FRM desirable

​​​​​​​Competencies:

• Analytical abilities with strong detail orientation
• An understanding of deal flow processes and rationale behind the procedures
• Control mindset
• Problem solving/decision making ability, including an ability to challenge current thinking / processes and ability to provide solutions
• Team motivation and inspiration
• Team player/flexibility
• Communicate effectively
• Business acumen and market awareness
• Client service driven with good interpersonal skills and work at all levels (including a range of demanding personalities) in an unstructured environment  (service, resilience and flexibility)

Education

• Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)

End Date: February 27, 2026