Job Description

Empowering Africaxe2x80x99s tomorrow, togetherxe2x80xa6one story at a time.With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary To provide specialist support to Loan Portfolio Traders from a booking, valuation and risk perspective for CIB Loan Portfolio Book
Is suited to a candidate with a degree in Mathematics/Accounting or similar and 2-5 years working in Financial Markets/Middle Office Technical/Finance role

• Booking and execution of trades in terms of agreed approval framework
• Ensuring loan asset margins, related funding and hedges are checked and captured correctly
• Ensuring minimal Amendments, Backdates and Cancellation trades are captured
• Investigating booking errors, resolving Operations cashbreaks and PnL impact thereof
• Trader assistant function explaining daily PnL
• Analyze data from Trading Systems to explain PnL and risk positions to various internal stakeholders
• Maintaining the integrity of trade related data
• Performing calculations and continuous support to Trading and Operations as and when required
• Resolving and investigating any differences or discrepancies between trading system and client figures (providing detailed exception management solutions)
• Clearing of long outstanding cash breaks (trade discrepancies on source system and client figures)
• Participate in pre-implementation meetings pertaining to new deals or existing deals being restructured as support to the Front Office
• Proactively investigate new and better ways to enhance the trade management environment by regularly evaluating the effectiveness of all procedures and controls
• Ensure that all risk and control requirements relating to Loan Portfolio Trading are met and/or implemented as required
• Enhanced working relationship and support to all the touch points in CIB especially Global Finance, PCG, Operations, FRM and Structuring team
• Experience in finance within a Product control or Global Markets environment

EducationBachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.Absa Bank Limited reserves the right not to make an appointment to the post as advertised

Absa