This job is no longer available.
You can view related vacancies or set-up an email alert notification when similar jobs are added to the website using the buttons below.

Product Control Accountant

Up to £55000 per annum
image

PLEASE CONTACT

SIMON TAYLOR


An opportunity to join the Finance Function as Accountant, Product Control has arisen as a result of increased reporting requirements across our clients Investment Banking arm as well as significant internal projects including implementing new products, reporting processes and hedge accounting.


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 (but not limited to):

  • 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:


a. the FX trading P&L;
b. Hedge Accounting analysis;
c. Hedge Effectiveness testing;
d. Reporting and analysis to support the local management accounts and HO Reporting.
e. 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.
  • 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 manuals., 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.


Skills, Experience and Qualifications

  • 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.
  • Awareness of emerging industry trends such as Basel capital rules.
  • Ability to partner and work effectively both with direct team members and with colleagues across the wider organization.
  • 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.

 

To stay safe in your job search we recommend that you visit SAFERjobs, a non-profit, joint industry and law enforcement organisation working to combat job scams. Visit the SAFERjobs website for information on common scams and to get free, expert advice for a safer job search.

MORE JOBS LIKE THIS
MORE JOBS LIKE THIS
  • Java FX Algo Trading Developer - Fintech - Remote - up to £140k
    £70000 - £140000 per annum + benefits

    Java FX Algo Trading Developer – Fintech – Remote – up to £140k

    A successful and expanding multi-national fintech require a strong Java engineer to help build out their low latency FX Algo Trading application suite. The team focus on providing the platform for their ever-growing London client base, which spans from small funds through to tier one Investment Banks, meaning that this role brings exposure to a wide range of sectors, with which brings a diverse range of challenges.

    The Java Developer will be expected to take ownership of the full software development lifecycle of the FX Algo Trading product, applying a creative mindset in the process and driving to use cutting edge technology and ideas.

    The successful Java Developer can receive between £70k and £140k base salary, plus a healthy benefits package.

    A variety of experience levels are being considered

    Requirements overview:

    • Strong core java development skills
    • Multi-threaded, latency sensitive systems development experience
    • Ideally an understanding/experience building trading systems for the FX or Fixed Income business (other areas considered)
    • Ability to work as part of a team and individually
    • Desire to solve complex business problems

    Full spec can be provided upon application

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

  • Java Low Latency Trading Engineer Buy Side - up to £140k+bonus
    £80000 - £140000 per annum + bonus

    Java Low Latency Trading Engineer – Buy Side – up to £140k + bonus

    A leading and expanding London based buy side trading organisation are looking to add a strong Java Low Latency engineer to their industry leading workforce. Working directly for the desk you will be responsible for both the development of greenfield components and enhancement of existing multi-threaded low latency trading applications.

    You will have the opportunity to learn about a variety of products, across multiple asset classes in partnership with industry leading Traders and Quants. They have a diverse range of talent within the team, coming from buy side, sell side and non-financial services!

    The successful Java Engineer can expect to receive between £80k and £140k plus the potential of a very rewarding bonus and benefits package.

    Requirements

    • Core Java Engineering background
    • Multi-threaded systems experience
    • Full SDLC experience
    • Experience or strong interest in financial products
    • Strong Academic Pedigree STEM

    Full spec can be provided upon application

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

  • Functional Analyst - Interim 10 months - London/Home
    Up to £400 per day + PAYE

    Functional Analyst in Change.

    Project Brief:

    The role will be assigned to change initiatives dependent on current demand and priorities at the time.

    Initiatives will include the on-boarding of new business wins, the building of new business models in conjunction with Product to support internal business or external market driven initiatives, re-structuring of existing client business, re-engineering initiatives driven by industry changes and internal projects / initiatives. As well as supporting existing Clients change.

    Role Purpose:

    The Functional Analyst role is to support and understand systems and applications in order to deliver the business requirements as part of the CM&D team that then enables HSS to provide services to our Clients. Functional analysis is the analysis of our technology platforms and enables the business to make the right choices in the changes it executes. The discipline identifies needs, captures and analyses requirements and contributes to the assessments and recommendations of options available to ensure the right solution is identified, agreed and progressed.

    Responsibilities:

    • Critically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, abstract up from low-level information to a general understanding, and distinguish user requests from the underlying true needs.
    • Proactively communicate and collaborate with external and internal customers to analyse information needs and functional requirements and deliver artefacts as needed
    • Utilize experience in using enterprise-wide requirements definition and management systems and methodologies required
    • Work independently and with users to define concepts and under direction of project managers
    • Drive and challenge business unit and customers on their assumptions of how they will successfully execute their plans
    • Leverage strong analytical and product management skills required to gain a thorough understanding of how to interpret customer business needs and translate them into applicable operational requirements
    • Serve as the conduit between the customer community (internal and external customers) and the implementation team through which requirements flow
    • Develop requirements specifications according to standard templates and standards
    • Collaborate with implementation teams, supply lines and subject matter experts to establish the technical vision and analyse trade-offs between usability and performance needs

    Candidates are expected to be competent in;

    1. Data Analysis
    2. Process Mapping
    3. Business Requirements
    4. User Documentation
    5. Impact Assessment/GapAnalysis
    6. Solution Validation
    7. Root Cause Analysis
    8. Stakeholder Management
    9. System Requirements
    10. Functional Design Specification

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


This job has now been filled but you may be interested in:

 

Head of Finance - Product Engineering (Technology)

SAVE
Annual Bonus, Negotiable

This is a role that has significant; budget, leadership, stakeholder management and financial influencing responsibility. The successful candidate will provide leadership to forecasting, annual planning, business analysis and strategic planning to the business.

Having a commercial mindset, to be considered for the role you will:

  • ACCA holder or equivelant
  • demonstrate significant exposure within a Finance leadership role
  • will have exposure to the banking/financial services sector supporting Technology functions and/or worked within large Technology groups in a senior finance position shaping strategy
  • Influence outcomes by successfully interact & partner with senior leadership of the organisation
  • Strong commercial finance mindset with FP&A capabilities to articulate spend v's current projects

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