Key responsibilites
- Responsible for directing the day-to-day finance activities and business partner for the Equity F&O business.
- P&L Reporting/Analysis.
- Detailed P&L decomposition including escalation of material unexplained variances.
- Provide explanations for significant P&L drivers e.g. market changes, new deals, book remarks, reserves etc.
- Complete daily reconciliation of estimate to actual, and ensure reporting website is updated with explanations for all material differences.
- Complete month-end financial legal close, P&L and balance sheet as well as management close.
- Balance Sheet Reporting.
- Produce daily balance sheet estimates, ensure accurate and timely reporting including analytical review on significant movements and balances.
- Decomposition of balance sheet for the business, identifying opportunities to reduce adjusted assets.
- Complete month-end balance sheet reporting by internal deadlines, explaining movements or variances between estimates and final results.
- Ensure all balance sheet accounts are reconciled, escalating variances.
- Ensure all reserve balances and valuation adjustments are reconciled and appropriately authorized.
- Ensure validity of allocated/attributed balances as well as internal funding charge.
- Operational Effectiveness.
- Leading role in driving team projects, including automation and process enhancement.
- Ensure all front to back breaks are understood, and escalated in accordance with standards.
- Ensuring a minimum of manual, stand alone processes are maintained. Where tactically used, ensuring a strategic solution is being sought.
- Accurate analysis and recording of operational loss events.
- New Product Development.
- Involvement in completion of New Product Review documentation for new businesses / products proposed by your trading desk, and the implementation of systems and process changes / improvements that are required.
- Price Testing and Valuation adjustment.
- Perform independent price testing.
- Calculate/validate valuation adjustments and reserves.
- Working with the business and Global Valuation Group on valuation related issues.
- Monitor and analyze material reserve movements.
- Partner with Business.
- Development and production of Financial Reporting for business reviews.
- Regular independent price review meeting, escalating issues, and tracking closure.
Key requirements
- Experienced professional with 7 to 10 years’ experience in Business Finance and Control functions.
- Qualified accountant with Product Control experience; ideally in the Equities business.
- Strong product / business knowledge with strong control mindset.
If you are interested in this role please apply below or contact me for more information.
