Job Description

Process Overview*
Global Markets Business Finance & Control (BF&C) is a division of Global Banking & Markets (GBAM) Finance responsible for the production and independent validation of Global Markets' profit and loss and balance sheet. In this regard, BF&C will ensure, inter alia, that accounting policies are correctly and consistently applied, and that trading portfolios are appropriately valued.
The team prepares and reports P&L and balance sheet to the business and ensures the accuracy and integrity of the general ledger. We are responsible for daily service delivery and ensuring effective controls, transparent management information and becoming a center of excellence delivering process simplification and efficiencies. We work closely with front office, middle office, traders and valuation control teams to drive the control agenda across the business

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Global Markets Business Finance & Control (BF&C) seeks to provide a support service with particular focus on the relationship between trading risk positions and P&L components. We are looking to recruit an individual to work in the P&L production area covering the Global Credit Trading desks. The candidates main responsibility will be to produce and deliver the daily P&L to front office, providing a high standard of analysis and explanation around any issues faced and daily revenue drivers. The candidate will therefore have considerable interaction with the respective Front Office, Middle Office, and Finance and Trade Capture teams so good communication and time management skills are an essential requirement for this job

Responsibilities*
Primary products covered will include: Bonds, CDS, ETFs and Loans
Production and reporting of daily P&L to Front Office & Senior Management
Reconcile actual P&L with trader estimates and provide flash/actual variance analysis
Working closely with the trading desks on position, P&L or other issues on an ad-hoc basis
Front-to-Back analysis & reconciliations of front office PnL and balance sheet to firm sub-ledgers
Assist with execution of month-end controls ensuring management vs financial P&L variances are within thresholds
Analyze traders risk positions and understand and apply the Greeks (Delta, Vega Gamma) vs daily market moves
Would be typical own set of books / cost center and Business Units
Liaise with various business partners such as Technology, Market Risk, Credit Risk, Operations and Finance to resolve issues / queries
Development & continuous improvement of existing processes & workflow
Testing / UAT for systems work ranging from minor system releases to major system implementations
Remediation of issues in an autonomous yet timely manner considering the principles of control and the need to mitigate operational risk

Requirements*

Education*
Qualified Chartered Accountant/CPA /CFA / MBA from Tier I/II institute with at least 5 yrs. experience or Graduate in Commerce with 8 years of relevant experience in Product Control or Global Markets environment and organization of similar scale with US GAAP, IFRS, IAS reporting framework with an interest and aptitude for derivative products
Certifications If Any
CFA / FRM certified candidates would be preferred
Advanced education and/or enhanced technical qualifications are a plus
Ability to use Access or VBA would enhance the candidates attractiveness significantly

Experience Range*
5 to 8 years with at least 5 years experience in Global Markets Product Control role

Foundational skills*
Proficiency in MS Office Suite; expert knowledge of Excel, Word, PowerPoint. Knowledge of Visual Basic, Access databases and macros will be an added advantage.
The right individual will have strong people skills and can multi-task to manage the challenges of Finance processes yet have the awareness to escalate potential issues to their supervisor in a timely manner
Candidate must have a proven track record of communicating effectively with personnel from various areas within an organization and at different management levels
Must be proactive and be a highly-motivated self-starter. Reactive and/or passive individuals need not apply
Desired skills
Alteryx / Python / Tableau knowledge would be an added advantage
Must be proactive and be a highly-motivated self-starter
Effective communication skills with English proficiency
Demonstrated ability to work in a high pressure environment
Takes initiative and challenges existing processes and procedures in a proactive manner
Strong team player
Ability to analyze issues independently and derive solutions
Analytical skills
Inherent sense of principles of control through experience and sound judgment
Reliability
Education: Any Graduate
Industry: Banking

Skills Required