Standard Bank South Africa: Middle Office Graduate Program CIB

South Africa graduate development programmes

As one of Africa’s largest and most successful banking groups, we’ve aimed to be as inspiring, ideas-driven and forward-thinking as the customers we serve not just here in South Africa, but across the globe.

With people relying on you right and left, you’ll be the centre of attention. And the source of specialist expertise.

Bridging the knowledge gap between the Front and Back Office, the Treasury Middle Office is part of CIB Operations. We’re a multi-skilled team, focusing on continuously reviewing the operational procedures used by the Front and Back Offices in CIB Global Markets. Although we sit between the Front and Back Offices, we also act as a control function of trading activities and work closely with the different risk teams.

Graduate rotations

On your rotations you’ll learn about the above areas, as well as liaising closely with the various support areas, such as Market Risk, Credit, Finance, Back Office and IT. You’ll not only enjoy plenty of exposure to the Front Office but you’ll also get to learn how the business of treasury is run and supported in a global corporate and investment bank.

On the Middle Office programme you’ll gain exposure to these different Global Markets desks:

Equity Derivatives

In equity derivatives we provide effective solutions for managing risk and yield enhancement in equity investments by trading equity derivatives to transfer risks associated with underlying security. We specialise in providing derivative products linked to selected equity markets in strategic emerging markets, which provides new opportunities for managing equity-related risks.

Agriculture and Commodities Desk

On this desk we offer a full range of financing, investment and risk management solutions, covering a variety of agricultural commodities and products and every stage of the process that takes them from the producer to the buyer. This includes bio technology and farm machinery, grain, livestock, processing, packaging and distribution.

Interest Rates Derivatives

In this desk, we offer interest rate derivatives and fixed income securities to help manage and protect clients against adverse interest rate fluctuations. Our range of interest rate products and services are structured to meet clients’ specific risk management and investment requirements. Our position as an emerging markets bank means we have excellent insights into local conditions that might affect interest rates around the world. It also means we can offer solutions in G10 and local currencies, and provide access to a variety of rates.

Sales and Structuring

Our sales and structuring teams develop innovative solutions that are tailored to individual clients’ unique needs, in line with regional and international accounting, legal and regulatory frameworks. By monitoring changing market conditions and regulatory requirements around the world, and evaluating the appropriateness of existing trades, we always look to enhance the solutions we offer clients when appropriate.

Credit Derivatives

We develop a variety of credit derivative products to help clients to increase yield and manage risk. In particular, our knowledge of emerging markets means we can give clients access to unique assets, while our extensive technical and market expertise gives us in-depth knowledge of relevant tax, fiscal, legal and regulatory frameworks.

Structured Solutions

On this desk we provide a range of structured debt, trade and commodity finance solutions. With our presence on six continents and our focus on emerging markets, as well as our expertise in a variety of sectors, we have the expertise to develop innovative financing solutions while maximising financial benefits for our clients.

FX Derivatives

Our experience in emerging markets, as well as our presence in all major financial centres means we’re well placed to deliver a 24-hour foreign exchange service to clients. Our local knowledge also means we’re sensitive to all the relevant regulatory and risk factors in emerging markets globally, giving our clients total control and peace of mind.

Money Market

The money market can help cash flow management by offering investments in short and long term deposits on surplus cash to enhance returns. So, on this desk we work closely with clients to understand their strategic investment goals and then offer them a diverse range of products for various investments terms, with competitive money market rates, depending on their geographical location.

Eligibility:

You’ll need to be a South African citizen with at least a postgraduate degree with economics and business finance subjects, including courses covering derivative instruments. If you have any level of CFA, that will be an advantage.

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