Product Control Analyst at Nedbank

Job Purpose

• To direct; add value and enable business decisions through effective trade lifecycle management; financial analysis; reporting and controls within the Markets business; in line with Nedbank business strategy.

Job Responsibilities

•  Trade Lifecycle Management, including setting up market data required to book & value trades and positions. Booking and amending where necessary, including recons and trade documentation for complex trades
•  Profit and Loss validation, attribution and reporting
•  Independent price verification and valuation of instruments and market data
•  Close working relationship with the Front Office, and bridging the gap between the trading desks and support areas
•  Provide meaningful recommendations, explanations and highlights of concerns or anomalies by analysing and interrogating trading information.
•  Protect the trading environment by ensuring controls are adhered to.
•  Ensure accurate financial results by reviewing reconciliations and following up on unreconciled items.
•  Comply with relevant legislation by reviewing and submitting statutory returns timeously.
•  Understand and meet stakeholders requirements through ongoing engagement.
•  Assist in the achievement of group collaboration initiatives by identifying opportunities to create beneficial partnerships and synergies.
•  Ensure relevant, best practice analysis and reporting by providing ongoing guidance and coaching to the team.
•  Meet deadlines and targets through prioritising effectively, planning and communicating.
•  Maintain high standards of analysis and reporting within defined timeframes by planning, organising and monitoring workflow.
•  Contribute to intellectual capital development by providing continuous motivation, mentoring, coaching and on the job skills training.
•  Achieve business objectives within a specific timeframes by scheduling and coordinating activities and identifying appropriate resources to perform these activities.
•  Manage defined risks in the finance function and risk categories at targeted levels by adhering to internal and external guidelines/policies/ procedures/business rules/ compliance and governance requirements.
•  Support the achievement of the business strategy, objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems, process, services and solutions are aligned.
•  Identify training courses and career progression for self through input and feedback from management.
•  Ensure all personal development plan activities are completed within specified timeframe.
•  Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
•  Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.
•  Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc).
•  Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g.Green Strategy).
•  Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.

People Specification
Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Professional Qualifications/Honour’s Degree

Preferred Qualification

• Bachelor of Commerce: Financial Management
• CFA Candidate / Financial Management / Engineering / Data Analytics / Mathematics

Preferred Certifications

• CFA Candidate / Financinagal Maement / Engineering / Data Analytics / Mathematics

Type of Exposure

• Problem solving
• Developing ways to minimise risks
• Drafting reports
• Managing conflict situations
• Influencing stakeholders to obtain buy-in for concepts and ideas
• Comparing two or more sets of information
• Writing business proposals
• Conducting needs analysis
• Communicating standards to others
• Answering customer questions
• Preparing and delivering presentations
• Conducting gap analysis between scope and proposals
• Interacting with various levels of management
• Using different approaches in new work situations business proposals
• Identifying trends.

Minimum Experience Level

• New Graduate up to 3 years’ experience in Banking / Engineering / Quantitative Analytics / Financial Modelling 

Technical / Professional Knowledge

• Business Acumen
• Business principles
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Nedbank policies and procedures
• Principles of financial management
• Research methodology
• Business writing skills
• Microsoft Office Product
• Regulatory knowledge
• IT / Banking knowledge

Behavioural Competencies

• Applied Learning
• Communication
• Decision Making
• Innovation
• Work Standards
• Technical/Professional Knowledge and Skills