AVP GM Business Unit Control
4 days ago
Nationality: Any Nationality
Vacancy: 1 Vacancy
Job Description
Requirements
- P&L Reporting
- Production of daily and periodic reporting and management information for Global Markets
- Monitor and ensure that the P&L is approved by the respective desk on a daily basis
- Continually review the MI the unit is producing for correctness, accuracy, automation and efficiency
- Develop and implement P&L Attribution process, including P&L impacts from Cancel & Amend trades, Day One P&L, and Greeks
- Work closely with IPV controllers to understand price testing P&L impacts and process relevant valuation adjustments
- Review and suggest changes to the daily sell down process. Ensure the MTM and accrual sell down process are performed as per predetermined frequency
- Contribute to project to automate P&L reporting and adjustment process
- General Ledger reconciliation
- Daily P&L reconciliation process
- Balance Sheet reconciliation and substantiation process
- Develop and contribute to reconciliation process improvements, and Group Finance project initiatives
- Hedge Effectiveness Testing
- Assist to review daily monitoring and quarterly effectiveness testing results of Hedge packages performed by Valuation Control Unit
- Monitor and advise on IFRS/IAS regarding Hedge accounting
Process and Procedures
- Ensure that Product Control audit queries and points have been responded to and managed appropriately
- Ensure that Operational Risks in the unit are identified, and the appropriate controls, processes, procedures and reconciliations are in place
- Ensure that all processes and procedures for the unit are appropriate, current and adhered to
- Manage accounting queries with Group Finance including changes to IFRS/IAS
- Ensure that all appropriate reconciliations are monitored and are cleared in a timely manner
- Assist with strategic initiatives including Global expansion, automation of reporting and reconciliation, implementation of automated Hedge testing, and development of P&L attribution
Frameworks, Boundaries, & Decision Making Authority
- If any, ensure compliance and execution of RACI, accountabilities and responsibilities assigned to him/her as per the approved authorization matrix or documents (e.g. policy, process, memorandum, DOA, etc.) which is updated from time to time
- Authorized to take decisions as per the approved authorization matrix or documents (e.g. policy, process, memorandum, DOA, etc.) which is updated from time to time
- Ensure awareness and understanding of authorization provided to him/her from time to time
Qualifications & Experience
- Qualified accountant or equivalent post graduate qualification (i.e. CA, CPA, CIMA or Masters in relevant field)
- 5-7 years experience in an international Global Markets banking environment
- Significant exposure to financial products including FX, Rates, Equities, Credit and Commodities
- Strong understanding of current IFRS and IAS including hedge accounting
- Well-developed team management skills & good experience in the management of a small team
- Well-developed communication skills, verbal & written
- A proven ability to operate effectively at various organization levels & a willingness to adopt a hands-on approach to problem solving where appropriate
Company Industry: IT - Software Services
Department / Functional Area: Administration
Keywords: AVP GM Business Unit Control
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