Standard Bank South AfricaCA(SA) Trainee
Jan. 2019 - Jan. 2022City of Johannesburg, Gauteng, South AfricaRotations: 1. CIB Internal Financial Control and Legal Entities
Gained exposure to managing special purposes vehicles (SPV's) and preparing their annual financial statements. Developed expertise in IFRS 9 impairments as well as an understanding of capital allocation for profit centres within CIB 2. Africa Management Information (MI) Acquired knowledge and exposure to the African markets (east, west and central). My responsibilities included: financial analysis of the reported figures coming in from Africa regions as well as the data preparation and visualization of financial information. Gained exposure to the budgeting process for CIB. Worked through a practical application of IAS 29 Hyper-inflationary accounting principles to operations in Zimbabwe 3. External Reporting
Acquired a full experience (start to finish) of preparing annual financial statements for the Standard Bank Group. Responsibilities included: preparing note disclosures, investigating balances and variances, typesetting and working closely with auditors 4. Global Markets
Gained exposure to liquidity management, managing a HQLA portfolio as per Basel III requirements, exposure to the bond markets, derivatives and hedging interest rate risk. 5. Internal Audit Assisted on the complete Standard Bank Group intangible asset audit 6. Investment Banking: Corporate Finance Advisory Gathered significant experience on a sell side transaction for one of the largest logistics companies in South Africa. Major responsibilities included preparing and presenting investor information/packs, preparing pitch decks, building valuations and financial modelling.