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Nov 19, 2017

Product Controller

  • Standard Bank
  • Rosebank, Johannesburg, Gauteng, South Africa
Full time Banking

Job Description

Key Responsibilities/Accountabilities

Ensure Balance Sheet Integrity and Independent Pricing Verification:

  • Responsible for signing off on the validity, accuracy and completeness of the balance sheet of each business
  • Reconcile deals on balance sheet back to source systems and across businesses (for intragroup transactions)
  • Provide Independent verification and validation of carrying values of loans and financial investments on balance sheet through independent price checking (interest rates, share prices, valuations) provided on source systems or directly form Business

Deliver accurate and timeous on Risks and Profit and Loss (P&L), and ensure interdivisional and intercompany alignment:

  • Deliver accurate P&L reports (daily, weekly & monthly) analysis and commentary to business, legal entity control and other stakeholders without delay
  • Prepare and distribute trade related information for stakeholders
  • Monitor and report on all interdivisional and intercompany breaks with the aim of resolving these when they occur
  • Monitor and report on high risk accounts and operational risk areas through CIB governance forums and weekly / monthly results reporting
  • Provide strong communication and resolution of external, internal and operational risk incidents
  • Collate revenue and balance sheet commentary
  • Complete monthly BA returns and submissions
  • Update budgets and estimates as well as perform margin forecasts

Driving Efficiencies within Product Control and provide technical accounting assessments:

  • Provide efficiencies for the team by leveraging off common processes across Investment Banking and streamlining daily tasks by automation of processes and flows
  • Provide technical accounting sign off for all new products introduced, liaising with IFRS Technical Advisory to ensure alignment with Group Accounting Policies

Engagement and Management of Internal and External auditors:

  • Provide support to ensure successful and timely completion of internal and external audit engagements
  • Liaise with internal and external auditors to provide necessary information

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