Product Control and Systems Manager

Job Title:
Product Control and Systems Manager
Salary:
0

Travel Requirements
Some travel
Educational Specialization
Finance
Work Options
On-site
Company Size
500+ employees
Experience Level
Senior-Level
Educational Level
Bachelor's degree
Skills
Financial Analysis, Product Control, Risk Management, Accounting, Financial Reporting, IFRS Compliance, Project Management, Communication
Job Type
Full-time

Job DescriptionThe Product Control and Systems Accounting manager will work closely with traders, risk, and valuation teams to produce daily P&Ls and analyze them for risk, market trends, and product performance. In addition, they will be responsible for overseeing the integration, management, and optimization of banking products and IT systems to ensure no deficiencies in the product or system, integrity of financial data, seamless operations, and compliance with regulatory standards.ResponsibilitiesThe successful candidate will be responsible for:Lead financial control and reporting for product lines and business unit portfolios, with a primary focus on global markets, treasury operations, and other key products across the bank.Responsible for financial performance and profitability analysis of products, ensuring accurate valuation of treasury instruments. Independently assess and validate income recognition, valuation methodologies, and accounting treatments for financial instruments such as foreign exchange, bonds, derivatives, and other related products.Ensure the timely and accurate calculation, verification, and reporting of daily profit and loss (P&L) and related analytics. Prepare and validate daily P&L reports for all Business units, maintaining high standards of accuracy and integrity.Ensure accurate month - end reporting of profit and loss (P&L) and balance sheet positions for all Global Markets and Treasury products. Perform reconciliations and promptly resolve any discrepancies identified. Submit monthly reports to the CFO and Head of Finance, including income attribution and portfolio performance.Evaluate and mitigate financial risks related to product operations, with a strong understanding of valuation methodologies for traded products. Collaborate closely with risk and valuation teams to ensure consistency, accuracy, and regulatory compliance.Manage and collaborate with business units to deliver insights, performance reports, budgets, and forecasts. Engage with traders, finance business partners, risk management, and IT teams, and present key performance metrics and strategic insights on product - related matters to management and relevant committeesOversee product cost accounting and pricing strategies, ensuring accurate setup of accounting parameters through thorough product paper reviews. Stay informed on market trends and provide strategic advice to management on their potential impact on the bank’s portfolio.Implement financial controls and drive process improvements for product - related operations. Develop and maintain robust internal controls for financial systems, ensuring accurate data flows and reconciling system outputs with financial reports.Maintain good relationships with internal and external stakeholders. Prepare financial instrument disclosures in accordance with IFRS, CBN, and other regulatory guidelines, ensuring readiness for internal reviews and external audits.Collaborate with product and finance teams to support budgeting and forecasting processes across the bank, ensuring alignment with strategic objectives and financial targets.Establish robust internal control frameworks for IT systems and banking products. Maintain and enforce policies and procedures to ensure compliance with regulatory standards and internal guidelines. Continuously review and update control processes to address emerging risks and technological advancements.Conduct regular audits and reviews of IT systems and product controls to identify vulnerabilities and provide assurance. Support month - end close processes and assist in audit preparations to ensure accuracy and compliance.Monitor compliance with internal controls and report findings to senior management. Lead investigations into control breaches, IT security incidents, and product - related issues. Develop and implement corrective action plans to address identified weaknesses and enhance control effectiveness.Provide training and ongoing support on financial systems and controls. Serve as the primary contact for system - related queries and troubleshooting related to finance operations and product - related matters.Coordinate all finance and systems enhancement projects, collaborating with internal and external project teams to conduct business analysis and ensure timely delivery of project milestones and deliverables.Including any other roles and responsibilities assigned by the CFO.Experience & QualificationsAt least 8 years of work experience, 5 of which would have been spent in product control, financial analysis or accounting roles.A degree in Finance, Economics, Accounting or similar areas.Professional qualification in Accounting and Membership of a Professional body is advantageousYou have prior experience in a similar role within an investment bankGood understanding of financial products and valuation methodologiesGood understanding of core banking platform and financial systemsGeneral CompetenciesProject coordination and managementGood communication skillsGood presentation and business writing skillsGood problem - solving skillsStrong sense of accountability and ethical decision - making#RMB#PostJob DetailsTake note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.18/12/25All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.

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