AVP, Business Unit Control
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Key skills for this role
Role Overview
The Global Markets Business Finance team supports the Global Markets and Group Treasury businesses locally and internationally.
The Business Unit Control team is responsible for accounting and financial reporting of the Global Markets & Treasury business, acting as a primary control function, and monitoring trading activity to ensure it is in a specified remit.
This role is focused on the day-to-day tasks related to the International Business Unit Control function, such as daily preparation and control of P&L, general ledger reconciliations and variance analysis, explanations, commentaries, and MI reporting.
Key Skills for This Role
Full Job Posting
Job Overview
The Global Markets Business Finance team supports the Global Markets and Group Treasury businesses locally and internationally.
The Business Unit Control team is responsible for accounting and financial reporting of the Global Markets & Treasury business, acting as a primary control function, and monitoring trading activity to ensure it is in a specified remit.
This role is focused on the day-to-day tasks related to the International Business Unit Control function, such as daily preparation and control of P&L, general ledger reconciliations and variance analysis, explanations, commentaries, and MI reporting.
Key Responsibilities
- Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
- Demonstrate compliance to organization’s values and ethics at all times to support the establishment of a value drive culture within the bank.
- Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
- Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.
- Finance business partner and trusted advisor on reporting and day-to-day support of the Global Markets business, providing prompt and effective support to the Global Markets Front Office, Market Risk, Group Treasury, Group Financial Planning & Analysis, Group Financial Reporting and Business Unit Co
- Comprehensive P&L analysis including detailed analysis and interpretation of daily results, variances, risk positions, realized and unrealized P&L components, revaluation curve movements with P&L attribution, new deals, cancelled and amended trades and price / rate validation.
- Key liaison for sales reporting playing a vital role between GM Products and Sales, which includes segmental & coverage-based reporting.
- Key business finance contact for all Global Markets Front Office related queries, leading discussions, as appropriate, with Front Office to ensure P&L analysis is agreed.
- Provide relevant support to VP, Business Control Unit, ensuring all business transacted is ‘compliant, safe and sustainable’.
Requirements / Qualifications
- 3-5 years’ experience in a Product Control Function.
- Experience in developing Financial and other MI reporting, automating processes.
- Technical knowledge in Pricing and Accounting Financial products - Fixed Income, MM, FX, IR, Com, Equities & Derivatives (Vanilla & Complex).
- Strong understanding of Global Markets and Investment Banking products, with related Technical and Accounting treatments.
- Excellent understanding of modern governance, risk and control assessment techniques.
- Strong financial Math (zero, par, and forward / forward curves).
- Qualified Professional (ACA / CFA / MBA in Finance) preferred.
- Working knowledge and experience in Murex, SumX, PowerBI, T24 systems is an advantage.
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