Job Description

Job Details Operations: a range of essential and complex services to ensure processes across the bank work as effectively and efficiently as possibleJob PurposeThe Validations role is a fundamental Middle Office function that focusses primarily on the control framework of the life cycle of trades executed within Global Markets.The team is geared in the various Derivative Product knowledge (all derivative products traded across the desks which include Credit Derivatives, Structured Solutions, Interest Rate Derivatives, Equity Derivatives, Commodities, Foreign exchange and Money Markets) and also acts as an interface between the Trader and Back Office.Validations are done on all trades (internal and external) to confirm the economics exchanged Inter-desk or with Counterparties.This role is a critical element in trading. Without these functions, the risk and exposure of the trades will not be managed effectively which could result in huge adverse effects on PnL and undue operational risks, the consequences of which can result in losses to the bank or loss of actual trading business. The role is vital in exception management and without it, there is also risk of unforeseen breakdown of procedure before the final settlement of a trade.

Responsibilities + Skills

Education

Ensure regular feedback is provided concerning strategic projects and other ongoing improvement initiatives is provided with a view to delivering on objectives according to predefined expectations.Ensure all leave requests are submitted early for planning to ensure the departments is adequately staffed.Ensure Compliance, housekeeping and audit all in order

Experience

Job Summary

  • Published on: Thursday, 1st October 2020
  • Designation: Validations Analyst
  • industry: General Management
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Thursday, 1st October 2020

About the Company

  • Company Name: Standard Bank Group.
  • Address: 9th Floor 011 636 9111/2 SBZAZAJJ Standard Bank Centre 5 Simmonds Street Johannesburg 2001 P O Box 7725
  • Website: https://www.standardbank.co.za
  • Company Profile:
  • To provide design and build decision agents and Credit process requirements for all Personal and Business products across the risk lifecycle for a particular stream (i.e. origination, account management and collections - to be customised per jobholder). This includes the process design of the end-to-end solution and working closely with appropriate Architectures (e.g., IT, Credit, Business, Data, etc.) to formulate sustainable strategic solutions.

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