Front Office Technical Analyst

Empowering Africa's tomorrow, together one 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 CIB Front Office Technical Analysis Team is currently looking for an Analyst to perform the following functions: • Assist the trader by performing deal management activities throughout trade life cycle post-BO Confirmation, as requested by the trader • PnL attribution on T0 explaining the daily PnL into the market moves and Greeks and comparing against trader flash ensuring no unexplained PnL • Perform all trade amends on trades in BO and BOBO status as requested by Front Office • Curve and static data maintenance and review • Trader assistant function, including helping with PnL, funding and risk investigations and assisting with life cycle events • Analyse data from trading systems from a PnL and risk perspective for various groups including Compliance, Front Office, Risk and operations. • Investigate and explain differences in values between trading system and attribution system • Create new portfolios in the systems on request Job Description Accountability: General control Explain new deal and total PnL and justify material unexplained. Perform deal review and amendments as requested. Follow proper procedure to implement new curves/volatilities and valuation static Monitor and investigate differences between valuation system and attribution, assisting the Front Office to ensure deals are meticulously managed without incurring any operation loss events. Review valuation exceptions in the Valuation Group Exceptions. Review all the daily controls, this among others entail the following: Reset Exceptions, CAB Report, Valuation Group monitoring for all financial products, Terminated trades report. Accountability: Working directly with Front Office First point of contact for FO to investigate causes of valuation errors, anomalies in position risk, cash flow management queries and assisting traders to terminate trades. Assess and notify Front Office of economic impact of changes in valuation static and amends. Participate in pre-implementation meetings pertaining to new deals or existing deals being restructured as support to the Front Office. Book trades into Simulated status as requested by Front Office on an ad hoc basis, ensuring the trades are in line with legal requirements. Proactively assist the trader to manage deal milestones and ensuring applicable trackers and check lists are adhered to. Where required liaise with upstream/downstream parties to resolve queries, working jointly with specialist teams e.g. Tax and Legal Adhoc MI - prepare and provide relevant information as and when requested by Front Office, and other functional units. Accountability: Staff development Develop own knowledge of the valuation systems Know the intimate details of the products we trade. Develop a bridging relationship between FO, PCG, Ops, IT and other support areas. Develop soft communication abilities and be able to explain difficult concepts with regards to trader strategies and the Greeks to non-Front Office staff. Proactively investigate new and better ways to enhance the trade management environment by regularly evaluating the effectiveness of all procedures and controls undefined Education and Experience Required 2- 3 years experience Degree in mathematics, statistics or financial engineering, or if another financial/accounting degree - a must Ability to code in VBA ,Python or any other language is an advantage CFA and FRM desirable Competencies: Analytical abilities with strong detail orientation An understanding of deal flow processes and rationale behind the procedures Control mindset Problem solving/decision making ability, including an ability to challenge current thinking / processes and ability to provide solutions Team motivation and inspiration Team player/flexibility Communicate effectively Business acumen and market awareness Client service driven with good interpersonal skills and work at all levels (including a range of demanding personalities) in an unstructured environment (service, resilience and flexibility) Education Bachelor 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