{"id":2429,"date":"2011-03-08T01:12:59","date_gmt":"2011-03-08T00:12:59","guid":{"rendered":"https:\/\/joblistsouthafrica.com\/?p=2429"},"modified":"2013-10-15T02:01:40","modified_gmt":"2013-10-15T00:01:40","slug":"standard-bank-south-africa-product-controller","status":"publish","type":"post","link":"https:\/\/joblistsouthafrica.com\/standard-bank-south-africa-product-controller.html","title":{"rendered":"Standard Bank South Africa: Product Controller"},"content":{"rendered":"

\"\"<\/a>The Standard Bank Group<\/strong> merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group.<\/p>\n

Purpose of the job <\/strong><\/p>\n

\u2022The Middle Office Product Control group is meant to be an expert area in derivative product knowledge (all derivative products traded across all trading desks) as well as being responsible for control framework around Profit and Loss reports for business and controls around the trade life cycle as well as being engaged in constant business process re-view and re-engineering. Product Control is key to the business\u2019s independent control infrastructure. Responsibility is to maintain and implement controls around trade management, market data management, P&L reporting and the roll-out of new products and new business within Treasury in partnership with Front Office.<\/p>\n

Key Performance Areas<\/p>\n

\u2022Supervise the accurate and timely preparation of the daily Profit and Loss Reports including analytical review and ensuring daily SLA is met
\n\u2022Daily preparation of Market Risk and Finance desk pack that includes provision movements
\n\u2022Focus on facilitation of New Products (NP) releases and new business, including initiative around co-ordination of sign-off, NP processes and documentation
\n\u2022Operational processes for New Products together with all the areas impacted
\n\u2022Ability to sort out issues in the sense of being the actual filter of trade queries and get to the underlying issues and resolution of problems through:
\n.close liaison with the trading floor and other business support areas i.e.. Market Risk, Back Office, Front Office IT and Credit Risk in ensuring the timely and efficient resolution of queries.
\n.This includes the analysis and implementation .f booking methodologies of new products
\n\u2022Assist in system requirements and UAT testing as required
\n\u2022Investigations \/ Projects – specifically efficiency and control related initiatives
\n\u2022Take responsibility for own development
\n\u2022Maintaining and monitoring controls using KPI\u2019s (Key Performance Indicators)
\n\u2022Daily MIS (Management Information Summary) reporting
\n\u2022Addressing Middle Office audit concerns on front to back processes
\n\u2022Maintaining functional and reporting independence from Front Office
\n\u2022Maintenance of all Middle Office Documentation
\n\u2022Provide back-up to the Money Markets and Sales & Structuring desks<\/p>\n

Click here to view job and Apply Online<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. The merger, by way of the first ever tender offer in Nigeria…..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[1828],"jetpack_publicize_connections":[],"yoast_head":"\nStandard Bank South Africa: Product Controller - Jobs in South Africa 2023<\/title>\n<meta name=\"description\" content=\"The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC. 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