Product controller-1 - #305631

FirstRand


Date: 2 weeks ago
City: Johannesburg, Gauteng
Contract type: Full time
Job Description 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
We have recently moved over to our new HC Platform and during the cutover period we were not able to onboard all successful candidates. In order to do so, we now need to open our platform for the sole purpose of onboarding the successful candidates. You are therefore seeing this advertisement as part of an onboarding process. This position is not vacant, the position has already been filled. Please do not apply for this position. All applications to this role will be automatically declined. Thank you for your understanding but please browse our career site for exciting opportunities available to you Job Details Application Closing Date 20/02/24 All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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