Accountant, Product Control

£50000 - £55000 per annum
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PLEASE CONTACT

SIMON TAYLOR
Unknown******

Role Purpose
This is an analysis and production role within the Finance Function’s product control team. The role has standard daily, weekly, monthly and quarterly deliverables as well as a significant amount of ad hoc queries. This role is expected to have extensive liaison with Operations, “Middle-Desk” within Treasury and Risk Management function.


Key responsibilities

  • Ownership of tasks within daily, monthly & quarterly P&L production and Balance Sheet review of all trading and Loan products.
  • Preparation of relevant information on a daily basis to assist the regulatory team with the analysis of the Derivatives portfolio and also the FX Position Risk Requirements.
  • Assisting the Senior Accountant, Product Control with the daily and month-end analysis of:
    • the FX trading P&L;
    • Hedge Accounting analysis;
    • Hedge Effectiveness testing;
    • Reporting and analysis to support the local management accounts and HO Reporting
    • Independent Price Verification review.
  • Assisting the Senior Accountant, Product Control on the Balance Sheet substantiation and ensuring that the key reconciliations and analysis are all signed-off and submitted for review as part of the month-end time-tables.
  • Working closely with the Senior Accountant, Product Control and Senior Financial Controller on completion of relevant disclosure notes for the annual statutory accounts and also working closely with the auditors on the accuracy and completeness of the financial statements.
  • Preparation of the daily P&L reports for review by the Senior Accountant, Product Control in order that these reports are published before mid-day on T 1. Escalating issues and concerns immediately where appropriate.
  • Work closely with Senior Accountant, Product Control and assist to develop financial/analysis data and reports for business management in the form and at the frequency required by the ExCo/Management committee/ALCO, the Board of the organisation and assist in reports required for the Head Office.
  • Work closely with Senior Accountant, Product Control / Senior Financial Controller and assist with any new product approvals process and to assist in developing financial/product information/data required for any new products.
  • Investigation of issues and exceptions with other members of the Finance function, Technology, Risk and Operations and any other areas of the Bank.
  • Standardizing the documentation for the daily, monthly product control manual procedures and processes and assisting the Senior Accountant, Product Control with the periodic updates and reviews of the documentation and proposing required changes.
  • Assisting in the planning, testing and implementation of key systems / upgrades to systems or new products which affect Product Control & wider Finance team as required [NB: for new products this will involve understanding the product features and required analysis of cash-flows/ valuation principles and defining the requirements as part of the New Product Approval (NPA) sign-off].
  • Provide leave of absence cover for the production of other deliverables within the department as appropriate in order to satisfy internal control framework requirements.
  • In addition to these functions, employees are required to carry out such other duties as may reasonably be required.


Skills and experience

  • Knowledge of financial products
  • FX Derivatives, Interest Rate Swaps, Bonds and Loan products is highly preferable.
  • High regard for attention to detail and accuracy to ensure close control of the P&L reported.
  • Strong written and verbal communication skills
  • Awareness of emerging industry trends such as Basel capital rules.
  • High self-motivation and the ability to work both independently and as an effective team member
  • Ability to partner and work effectively both with direct team members and with colleagues across the wider organization.
  • Strong planning and prioritization skills with the ability to work on multiple tasks and with multiple stakeholders
  • Proficient in MS Office, specifically a strong command in Excel and PowerPoint

McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.

 

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