Absa Bank Banking Jobs in Gauteng
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CIB Front Office is looking for a Senior Front .Office Technical Analyst . This is a line role within the Front Office Technical Analysts (FOTA) space, which is part of CIB Markets. One of the key functions of the role is to ensure that trading PnL is fully substantiated and explained by attributing the Profit & Loss into the Greeks as well as understanding any new positions or edit and by comparing this to trader flash.
This is a daily function, with more emphasis in SIGMA.
Job Description
- Ensuring that EOD batch risk and P&L is validated and reported on a daily basis.
- Analysis of actual P&L Explain vs. risk based PnL
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- Owning or having oversight of all inputs into the process of generating accurate PnL numbers. These would include (amongst others)
- - market data
- - valuation models
- - trade to model mapping
- - trade to market data mapping
- - trade life cycle events (amendments, terminations, resets etc)
- Provide support for additional control functions within the Sigma FOTA space.
- Take part in NAPA (New Product Approval) where all new products are presented and discussed. Ensure that Front Arena is ready to handle new business.
- Perform ad hoc tasks as and when needed by the business
- Risk and Issue identification, management, and resolution.
- Play a key role in designing, building and implementing a robust and well controlled process of all the controls within your space.
- Interact with business partners from Front Office, Finance and Risk on a regular basis
- Develop, test and deploy new market data or the change in market data to the firm’s systems and keep the record of all pertinent information.
- Develop/manage relations with key stakeholders (Front Office, PC, Post Trade Services and Market Risk)
- Lead and mentor members of the team in their career paths
- Work with industry utilities and intermediaries (Central Clearing Houses, Futures Clearing Merchants (FCMs), Swap Data Repositories (SDRs), Swap Execution Facilities (SEFs), MarkitWire, etc.) to support the ongoing operations of the trading desk, position and trade maintenance, ongoing lifecycle events, and support implementation of changes to the business including new products and hedging needs
Education and Experience Required
- Tertiary Education
- Quantitative (Fin Maths / Maths / Statistics / Comp Sc etc)
- Postgraduate would be an advantage
- CFA / FRM would be an advantage.
- At least 5 years of relevant experience
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Competencies:
- Solid understanding of most / all asset classes (Equity, Commodity, Fixed Income, FX, Credit and MM) – this should include knowledge of how markets work and also how to value instruments traded in these asset classes. Candidate should also understand the risk factors that drive the PnL in above asset classes and be able to apply this in order to explain or substantiate the numbers to Front Office
- Ideally this knowledge would have been gained whilst working in a treasury or risk environment as opposed to just being of a theoretical nature
- Coding skills
- Good system skills (in-depth experience working with treasury or risk system)
Education
- Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
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