Product Controller Job Opportunity at NBC Bank
Job Overview
Product Controller Job Opportunity at NBC Bank
Product Controller
NBC Bank
NBC is the oldest serving bank in Tanzania with over five decades of experience. We offer a range of retail, business, corporate and investment banking, wealth management products and services.
Job Summary
Product Controller plays a key role in ensuring independent validation, substantiation and reporting of financial information for Markets and Treasury businesses.
Job Description
Accountability: Product Control and Governance. Time split : 80%
Reporting of daily, monthly and year to date P&L for assigned desks
Ensure the assigned portfolio is accurately represented within the general ledger
Ensure correct fair valuation of the products handled in the assigned desk
Provide daily, monthly, and quarterly beneficial commercial analysis of Foreign Exchange Trading
Build good working relationships with other departments
Ensure compliance of trading limits for the assigned desk
Daily substantiation of balance sheet which include agreeing balances to third party records, investigating all breaks, and resolving them in a timely manner
Analyse and report on material adjustments to the P&L, including discrepancies to the Front Office flash
Meet team’s KPI and SLA
Provide appropriate P&L and balance sheet commentary / analysis
Attend to ad hoc queries from the traders and other infrastructure partners relating to trading revenue and Balance Sheet
Timely and accurate submission of returns to regulatory authorities
Perform month end process (Bid-Offer, Price testing etc.)
Agree positions and results between Front and back-office systems and submit them for sign off at the appropriate level
Monitor trading activity for compliance with various related policies
Identify and drive process re-engineering constantly for control improvement and process efficiency
Accountability: Risk management. Time split : 10%
Maintaining a strong compliance culture
Adhering to all the policies and procedures of the bank
Ensuring high quality of service to all clients (reputational risk)
Accountability: Personal Development. Time split : 10%
Actively managing one’s own technical and soft skills development in conjunction with the Head of Product Control and Governance
Researching, identifying and proposing training solutions for own development to the Head of Product Control and Governance
Education and Experience Required
Bachelor’s degree (preferred Accounting, Finance, Economics or Business qualification)
2+ years related experience
Knowledge & Skills: (Maximum of 6) Competencies:
Knowledge of standard and non-standard Markets / Treasury products
Understanding of interest rate risk, foreign exchange risk and credit risk
Understanding of the policies, procedures and ethical requirements of a Markets environment
Excel competency
Communication skills
Ability to manage a variety of tasks simultaneously and deliver to tight deadlines
Digitally empowered ,Utilises technologies to enhance own, team and business performance
Creative problem solver , Finds sustainable solutions to difficult solutions to difficult and complex problems using creative methods
Qualifications
Bachelor`s Degrees and Advanced Diplomas – Business, Commerce and Management Studies, Commercial mindset – Junior (Meets some of the requirements and would need further development), Digital familiarity (Meets some of the requirements and would need further development), Experience in a similar environment, Openness to change (Meets some of the requirements and would need further development), Personal mastery (Meets all of the requirements), Product and/or Service Knowledge (Meets some of the requirements and would need further development), Reasoning (Meets all of the requirements)
How to Apply:
