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
This position requires a professional with accounting experience to assist in the management of financial activities within a stockbrokerage firm. The responsibilities include overseeing the company's financial transactions, ensuring strict compliance with regulatory requirements, and supporting the efficient operation of daily business processes.Job Description
Regulatory reporting - Ensure accurate and timely filing of regulatory financial reports (e.g., capital adequacy, client money segregation reports) to governing bodies. Monitoring and recording all financial transactions to ensure accuracy and integrity of company records. Help ensure compliance with relevant financial regulations and assist with internal audits.
Financial accounting - Preparation of financial reports and statements in line with regulatory and company standards. General ledger, month-end close processes, and reconciliation of trade settlements and brokerage commission accounts.
Stakeholder support - Provide support to external auditors, compliance officers, and tax authorities regarding financial operations. Work alongside other departments to streamline financial processes and improve overall efficiency.
Operational control - Contribute to the management of day-to-day operational finance tasks, such as invoicing, payments, and reconciliations. Provide analysis and insights to support decision-making and financial planning within the team.
Technical qualifications and skills
Education: NQF level 8 with 3 to 5 years experience
Sector Expertise: Proven experience in the financial services industry, specifically stockbroking, asset management, or investment banking.
Regulatory Knowledge: Understanding of local and international financial regulations (e.g. FSCA, or equivalent) regarding client asset protection and capital requirements.
Systems Proficiency: Knowledge of ERP systems (e.g., SAP) and trade reporting software (BDA, Saxo).
Financial Modelling: Advanced ability to analyse complex P&L drivers and balance sheet positions.
Competencies & Soft Skills
Analytical Rigor: A natural tendency to investigate discrepancies in data, especially concerning trade settlements and high-volume transactions.
Ethical Integrity: A non-negotiable commitment to transparency and regulatory compliance, particularly when handling client funds.
Communication: The ability to explain complex accounting treatments or regulatory risks to non-financial stakeholders, such as brokers or traders.
Adaptability: Capability to manage shifting priorities in a fast-paced market environment where regulatory landscapes can evolve quickly.
Key Performance Indicators (KPIs)
Reporting Accuracy: Zero material adjustments required during external audits.
Compliance Adherence: 100% on-time submission of all regulatory financial filings.
Efficiency: Contribute towards reduction in manual reconciliation touchpoints through process automation or improved system integration.
Education
Bachelor`s Degrees and Advanced Diplomas: Financial Sciences (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