AVP- GM Business Unit Control

The Global Markets Business Finance teamcomprises Business Unit Control Independent Price Verification andCentral MI and Change Management teams. The team supports theGlobal Markets and Group Treasury businesses locally andinternationally. The unit falls under the Group Finance departmentand reports to the CFO CIB Finance &International.
Key priorities of this roleinclude:
Providing world class financial reporting& support services adding value through providingprofessional independent & objective financial advice whichassist in the achievement of business objectives whilst complyingwith Group policies and standards and external statutoryobligations.
Production of financial & managementaccounting reporting statements for the functional area ofresponsibility in line with Group reporting standards whilstmaintaining a robust control environment.
The BusinessUnit Control team is responsible for accounting and financialreporting of the Global Markets & Treasury business actingas a primary control function and monitoring trading activity toensure it is in a specified remit. Tasks include Profit &Loss (P&L) reporting decomposition and attribution dealingwith ad hoc management reporting queries reconciliation andsubstantiation of P&L and Balance Sheet between the GeneralLedger (Oracle General Ledger & OneSumX) and Source (e.g.Murex). This role is focused on the daytoday tasks related to theInternational Business Unit Control function such as dailypreparation and control of P&L general ledgerreconciliations and variance analysis explanations commentaries andMI reporting.

KEYACCOUNTABILITIES:

PoliciesSystems Processes & Procedures
Follow all relevant departmental policies processes standardoperating procedures and instructions so that work is carried outin a controlled and consistent manner.
Demonstratecompliance to organizations values and ethics at all times tosupport the establishment of a value drive culture within thebank.
ContinuousImprovement
Contribute to theidentification of opportunities for continuous improvement andsustainability of systems processes and practices consideringglobal standards productivity improvement and costreduction.
Reporting
Assistin the preparation of timely and accurate statements and reports tomeet department requirements policies and qualitystandards.

Specificaccountabilities
Finance business partnerand trusted advisor on reporting and daytoday support of the GlobalMarkets business providing prompt and effective support to theGlobal Markets Front Office Market Risk Group Treasury GroupFinancial Planning & Analysis Group Financial Reporting andProduct Control management.
Comprehensive P&Lanalysis including detailed analysis and interpretation of dailyresults variances risk positions realized and unrealizedP&L components revaluation curve movements with P&Lattribution new deals cancelled and amended trades and price / ratevalidation.
Key liaison for sales reporting playing avital role between GM Products and Sales which includes segmental& coveragebased reporting.
Key business financecontact for all Global Markets Front Office related queries leadingdiscussions as appropriate with Front Office to ensure P&Lanalysis is agreed. Act as one of the prime points of contactacross all processes in order to ensure all customer needs arebeing met.
Provide relevant support to VP BusinessControl Unit ensuring all business transacted is compliant safe andsustainable
Compilation of all daily revenue reportingfor the business ensuring the accuracy and integrity of sourcesystem interfaces into the General Ledger.
Provideindependent validation of the financials reported for the GMbusinesses by maintaining a robust control framework between FO andreported financials. Maintain a strong understanding of theproducts traded and the trading strategies within thebusiness.
Understanding of specific business modelsanalysis of structured deal packages and application of appropriateaccounting standard thereupon. To provide professional ðical behaviors by ensuring compliance with external legislationbank standards internal operating policies andprocedures.
Participating in budget discussions andanalyzing various approaches methods to conceptualize budget forthe year for the desk under controllers review.
Managingthe day to day and month end controls of P&L and BalanceSheet reconciliation substantiation and reporting for GM.
Support of new business requests ensuring they are controlledthrough the existing or new system architecture providingresponsive support to front office ensuring speed to market of newproducts.
Manage projects driven by new regulatoryrequirements in local and international locations to ensure the keycriteria of the regulation is met in a sustainable efficient andeffective manner
Line of Business and Desk levelcommentary with market relevance when internal P&Lthresholds are breached.
Ensure compliance and control ofspecific accounting processes and practices for proposed newproduct initiatives or product variations.
Responsiblefor identifying issues which impact GM and implementingsolutions.
Act as a central point of contact for GroupFinance functions and Global Markets desks: Financial &Regulatory Reporting Treasury FP&A Tax Financial Controlrelating to GM Products and Valuation Control
MaintainKey linkages & strong working relationships with Desk HeadsHead of Business Finance Senior Management Group Finance MiddleOffice Operations Business Finance peers InternationallyFP&A I.T Market Risk Legal Compliance Operational RiskRegulators Internal & External Audit.
SupportHead of Product Control to work with Treasury on FTP capital& liquidity matters affecting GM Products as required.Provide input to wider Finance strategy activities and strive towork together effectively on overall regional and globalprograms.
In conjunction with FP&A continuouslyassess the quality of service provided to the principal customersand strive to ensure that the area adds value to their objectivesthrough the provision of accurate and valuable financial data andadvice.
Ensure PC adopt a proactive attitude to changingenvironments both internal and external and provide value addedsolutions for Global Markets Finance business partner and trustedadvisor on reporting and daytoday support of the Global Marketsbusiness.
Engender and role model a culture of continuousimprovement ensuring that operations are kept continually underreview and that all opportunities for reengineering and achievingeconomies of scale are identified implemented.
Escalateany issues to the management and assist in mitigating anyoperational risk.
Review existing systems / processes /procedures and MIS to proactively identify areas ofimprovements.
Use of sophisticated arithmetic models fornumerical analysis and evaluation. Writing papers on strategy orother complex issue with logical sequencing and supportingrecommendations. Synthesizing information from a variety of sourcesand extracting relevant concepts / themes.
Preparing anddelivering presentations with context across business functions todeliver maximum impact.
Participate in the identificationof opportunities for continuous improvement and sustainability ofsystems processes and practices considering global standardsproductivity improvement and cost reduction.
A provenability to operate effectively at various organization levels& a willingness to adopt a handson approach to problemsolving where appropriate.
Good relationship managementskills are essential in this role as the candidate will be workingclosely with internal stakeholders to constantly improveoperationalperformance.
 

#LIMA3

Qualifications:

Qualified Professional(ACA / CFA /MBA in Finance) preferred or 35 years experience in aProduct Control Function.
Experience in developingFinancial and other MI reporting automating processes.
Technical knowledge in Pricing and Accounting Financial productsFixed Income MM FX IR Com Equities & Derivatives (Vanilla& Complex)
Strong understanding of Global Marketsand Investment Banking products with related Technical andAccounting treatments. Excellent understanding of modern governancerisk and control assessment techniques.
Strong financialmaths (zero par and forward / forward curves).
Workingknowledge and experience in Murex SumX PowerBI T24 systems is anadvantage.

RemoteWork :

No

EmploymentType :

Fulltime