Manager Product Control Employment Opportunity – Stanbic Bank

Job Title:        Manager Product Control
Organisation: Stanbic Bank
Duty Station: Kampala, Uganda
Job ID: 17706
About US:
Stanbic
Bank Uganda Limited is a subsidiary of Stanbic Africa Holdings Limited which is
in turn owned by Standard Bank Group Limited (“the Group”), Africa’s leading
banking and financial services group. The Standard Bank Group is the leading
banking group focused on emerging markets. It is the largest African banking
group ranked by assets and earnings. Stanbic Bank Uganda Limited is the largest
bank in Uganda by assets and market capitalization. It offers a full range of
banking services through two business units; Personal and Business Banking
(PBB), and Corporate and Investment Banking (CIB).
Job Summary: The Manager Product Control will support Stanbic
Bank in the following;
  • Measure the profitability of, and risks
    associated with, every aspect of the Global markets business.
  • Provide assurance that the GM trading
    activities are conducted in compliance with  regulations governing transactions in
    the financial markets
  • Ensure integrity and thorough
    substantiation  of the GM balance
    sheet
  • Managing the planning and performance  management process of the GM business
    and providing sufficient MI and support to the Heads, GM and CIB Finance.
  • Ensure that balance sheet items have been
    subjected to independent price verification and that valuation
    adjustments/provisions if any have been made in accordance with  International Accounting Standards.
  • Provide accounting input for all new
    products.
  • Member of the IFC committee.
Key Duties and Responsibilities:  
  • Responsible for monitoring product Balance
    sheet and Income Statement account movements and ensuring that they
    reflect the correct balances and all relevant account reconciliations are
    performed and corrective actions taken timeously.
  • Active monitoring of the bank’s currency risk
    exposure and ensuring that all currency positions generated (SAP,
    core-banking…) from different systems are sold/ transferred to GM for
    active management.
  • Provide monthly performance analysis and
    commentary of the GM business on margins, performance drivers and economic
    outlook.
  • Reporting on the quality of assets and
    liabilities on the balance sheet in line with IFRS 7, IFRS 9, IAS 39, IAS
    32 and IAS 18.
  • Ensure that that all assets and liabilities
    on the balance sheet have been subjected to independent price verification
    and that any valuation adjustments/provisions have been made in accordance
    with International Accounting Standards.
  • Support disclosures within financial
    statements
  • Independent verification and reconciliation
    of currency positions
  • Understanding the strategies that are driving
    revenues on the balance sheet.
  • Provide support to the GM business during the
    budgeting cycles with relevant and timely MI for guidance and ensure that
    locked in numbers are as agreed with Centre and in country stakeholders
    (GM and Finance).
  • Understanding balance sheet funding and the
    cost of funding concepts
  • Daily and monthly application of valuation
    adjustments and provisions
  • Provide accounting decision support during
    the launch of new products and product specific system implementations
Qualifications, Skills and Experience: 
  • The ideal candidate for the Stanbic Bank Manager
    Product Control job vacancy should hold an Accounting, Economics, Finance
    or related degree
  • Professional certifications i.e. ACCA, or CFA
  • ACI dealing certificate an added advantage
  • A minimum of two years of relevant work experience
    as a financial analyst.
  • Broad knowledge and understanding of
    International Financial Reporting Standards.
  • Knowledge of desktop applications ( MS Word,
    MS Excel, MS PowerPoint)
  • Previous experience with MIS applications an
    added advantage
  • Working knowledge of SAP, core-banking
    systems and Calypso is an added advantage.
How to Apply:
All
candidates who wish to join the one of Africa’s biggest Banking Groups,
Standard Bank in the aforementioned capacity are encouraged to Apply Online by
visiting Link below.
Deadline: 1st July 2016

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