Tasks & Responsibilities:
- Work will stakeholders across the Group to design and implement an appropriate framework and govern and align those locations and subsidiaries on accounting, controls and performance matters.
- Work closely with key stakeholders in the business to ensure information produced remains relevant and aids decision making.
- Ensure daily P/L’s delivered on a timely and accurate basis.
- Provide an analysis of trading results and explain variance with traders’ estimates (P/L Attribution).
- Creation of accounting plans for new products within the framework of international accounting standards.
- Front to Back reconciliation
- OGL to sub system reconciliation
- Ensure integrity and accuracy of accounting and reporting, and that all elements of revenue generation and costs are captured.
- Ensure Compliance at GM&T to accounting principles and practices, and IFRS
- Review the hedge effectiveness testing results on periodic basis and ensure accounting is in line with the results and the standards
- Review impairment testing results and ensure impairment provisions are made in the General ledger in line with the standards
- Work closely with Head of Treasury Finance, Group Finance, Business Finance Heads, GM&T Business Heads and FIN ALM to produce forecasts for the GM&T business.
- Establish a planning framework which enables modeling of key drivers of revenues, costs, balance sheet and their levers thereby facilitating accurate rolling forecasts.
- Proactively highlighting risk and opportunities to drive tactical & strategic growth of business and effective cost management.
- Track performance against budget/forecast and explain variance
- Ensure FTP charged is in line with the agreed methodology
- Responsible for ensuring a high standard of support for key projects/initiatives supporting the businesses and Finance’s strategy, including changes in systems and products, changes in accounting standards.
- Perform UAT of systems and ensure accounting is in line with the agreed plan
- Ensure effective control framework in place and maintained at various levels across GM&T business and related legal entities
- Proactively engage with relevant business heads and other stakeholders to identify and close any potential control gaps in a timely manner
Education & Experience:
- Should be a Qualified Accountant / CFA
- Experienced Product Control specialist with minimum 10 years post qualification experience in a large Bank with strong relevant experience across treasury products and verticals within Product Control
- Relevant experience of ALM highly desirable including funding center/FTP and hedge accounting for Treasury Products.
Knowledge & Skills:
- Strong written and oral communication skills
- Ability to have influencing interactions with senior management levels.
- Leadership skills to lead and motivate a team of finance managers
- Ability to work independently under pressure and demanding timelines within minimal supervision. Self-starter with ability to motivate the team and influence decisions at senior levels.
- Excellent communication skills with the ability to articulate clearly to the business and finance colleagues