Specialist: Trader at Absa South Africa

Job Summary

• Take complete responsibility of the trader function for Portfolio Management team within CIB Global Markets. Bachelor’s degree with ideally post-graduate qualification/s in Investments/Portfolio Management/
• Economics/Accounting/Alternative Investments/Risk Management (eg. SAIFM and CFA)3 to 5 years Investment Banking experience in similar role

Job Description

Execution:

• Primary execution in accordance with all policies, procedures and Economic Funding Plan
• Secondary execution on beta protection and alpha generation activities
• Interaction across Product, Coverage, PM and Treasury across CIB
• Booking of transactions that facilitate accounting and ongoing deal management and most importantly taking into account complete understanding of deal economics and approvals / checklists (including CPs)
• Input to Credit Reviews based on ongoing deal management
• Execute subsidy on a deal level against policy

Position Monitoring:

• Trader P&L interrogation at a position and portfolio level
• Complete understanding on ongoing management and interrogation of key risk measures ie. DGs, LGDs, RWA, Limits, Utilisation and reported/recorded data against the underlying portfolio exposures
• Monitoring and full understanding of the drivers for Market Risk measures such as, NOP, PV01, CS01, Bid/Offer & Price Testing and initiate any remedial activity

Management Information:

• Provide MI on a deal level, built up to a portfolio view in terms of Risk and P&L
• Review sustainable forecasting and agree/negotiate on future budgeting

Stakeholder engagement

• Contribute effectively, efficiently and professionally on all product related activities with all stakeholders within Absa Group while assessing opportunities to develop new products.
• Effectively communicate developments within areas of activity to all relevant internal and external stakeholders.
• Develop and maintain good working relationships with internal and external business partners

Education

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