RMB - Rand Merchant Bank is a division of FirstRand Bank Limited, a fully integrated financial services group in South Africa, distinguished by our traditional values and innovative ideas. We have adapted investment banking solutions to suit your personal financial needs and this, together with an entrepreneurial approach, attracts like-minded, discerning clients.
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To resolve issues being experienced by Traders, systems or operations as efficiently as possible as well as report on profits daily
Deliver against operational and cost targets
Prioritise resource allocation to minimise and reduce wastage
Monitor costs for the financial year according to the operational plan
Allocate and approve expenditure
Review cost reports and resolves or explains variances to the budget
Identify, control and escalate potential risks that may lead to increased costs
Manage costs or expenses within approved budget to achieve cost efficiencies
Understand the business of the desk to provide commentary on large profit or loss movements on a daily and monthly basis
Ensure timely and accurate reporting, analysis, submission and communication or distribution of daily PnL
Reconcile finance PnL to the risk attributed PnL and front office estimates, and understand and resolve any material differences identified
Provide daily commentary on PnL movements and variance investigation to front office and finance management
Ensure that internal financial controls over PnL are adhered to
Liaise with operations teams to resolve any settlement issues
Liaise with platform support teams to resolve any source system issues
Report relevant PnL and Balance sheet positions and complete the applicable reconciliations, identifying and resolving any issues
Provide advice to the business on the PnL impact of trades and the interaction of the trading and finance systems, especially regarding proposed new trades
Ensure that applicable accounting standards are adhered to regarding PnL reporting
Provide PnL data and commentary to the market risk governance team for regulatory reporting
Identify and recommend enhancements to PnL controlsm and production processes
Promote teamwork and inclusivity amongst team members and demonstrates behaviours that respect diversity
Partner and collaborate with team members to achieve team success
Share information and knowledge that benefits the team