New Job Opportunity at Stanbic Bank Tanzania Limited – Officer, GM Product Control

Standard Bank Tanzania

Overview
Stanbic Bank Tanzania Limited is a full service commercial bank which
specializes in providing facilities and services to public and private
sector corporations, diplomatic missions and international
organizations.
Stanbic Bank Tanzania is a member of the Standard Bank
Group of South Africa and was established in May 1995.
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Officer, GM Product Control
Overview
Job ID: 51982
Job Sector: Banking
Country: Tanzania
Region/State/Province/District: Dar es Salaam Region
Location: Dar es Salaam

Job Details
Finance:
budgeting and forecasting, creating interim and annual financial
statements, facilitating internal mergers and acquisitions, as well as
dealing with analysts and investors.

Job Purpose
To
provide routine Global Markets & Treasury products reporting on
income statement and balance sheet and reconciliation function within
the Product Control Division of Global Markets Finance.

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Key Responsibilities/Accountabilities

• Profit and loss – daily/monthly calculation, reconciliation/substantiation and reporting.
• Balance sheet (Global Markets & Treasury)– daily/monthly calculation, reconciliation/substantiation and reporting.
• Currency positions – daily reconciliation between front end dealing systems and core banking system.
• Daily
  calculation of P&L, utilising market data from Market Risk and Deal
  Data from front end dealing system and Core Banking System.
• Daily
  reconciliation of the P&L and product balance sheet between front
  office dealing systems, core banking systems, general ledger and
  dealers, utilising market data from Market Risk and Deal Data from front
  end dealing system and Core Banking System.
• Daily reporting, analyses and investigation of P&L and product balance sheet.
• Investigation and resolution of daily P&L and balance sheet variances.
• Preparation of periodic P&L and balance sheet summaries/analysis.
• Liaison with all front office related areas (recons, front-office, back office and market risk).
• Internal client liaison.
• Ad-hoc assignments, projects and systems work.
• Managing sign-offs and making follow up of any outstanding approvals before end of day.

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Preferred Qualification and Experience
Qualifications

• B. Com (finance/account preferred) or any other relevant financial degree.
• CPA/ACCA will be an added advantage
• Excellent mastery of MS excel and/or Microsoft power point.
• Understanding of Global Markets/Treasury Products (Bonds, T-bills, Foreign exchange, Derivatives etc) will be added advantage.

Experience

• 1
  -2 years’ experience working in a Global Markets/Treasury product
  control, Auditing or similar environment (finance or market risk support
  role would be sufficient)

Knowledge/Technical Skills/Expertise

• Understanding of Global Markets/Treasury Products (Bonds, T-bills, Foreign exchange, Derivatives etc) will be added advantage.

Problem Solving

• Investigation of daily P&L and Balance sheet variances.
• Assist in designing business processes on relevant system implementations
• Ad-hoc queries
• Daily time management – tasks are generally completed daily
• Month-end/year-end pressures are limited to analyses and reporting

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