Treasury Operations Officer

IT Finance Analyst

A Finance Analyst position sitting within the IT department of a leading investment bank. The team this position sits within focuses on supporting technology teams from a finance perspective, tackling duties like budgeting and forecasting while driving continuous cost reduction & forward planning.

The ideal candidate will possess a strong work ethic & will demonstrate flexibility in the way they approach their role. Strong knowledge of management accounting is essential, as is prior experience of working within the banking sector & supporting an IT department. As this role will sit within IT rather than Finance, the successful candidate will need a genuine interest in technology.

Besides owning the monthly IT budgeting / forecasting processes, you’ll also be interacting frequently with IT managers across the business and advising on technology projects when required.

Key Responsibilities

• Reporting actuals v forecast on a monthly basis, including target comparison & variance analysis
• Creation of dashboards financials to highlight key Management Information & inform IT stakeholders
• Develop strong working knowledge of budgeting / forecasting systems advise on improvements where relevant
• Communication with PMO’s provision of financial information
• Own IT Finance processes on a monthly basis (accruals, prepayments, cost analysis)
• Prepare monthly Forecast / Budget for IT department
• Drive continuous process improvement

Required Skills

• Higher Education (Degree or equivalent) in Finance or Business Studies with Accounting
• Experience of working within Banking sector
• Strong Management accounting experience, ideally within the IT / Technology department of an Investment Bank or related

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

Our client (Financial Services) is seeking a Business Partner for their Group IT & Technology department.

The role will provide support to business unit heads, and will contribute to a number of key processes (Budgeting, Business Case Analysis, Monthly Finance MI etc.)

Candidates must have strong Finance Business Partnering / Management Accounting experience, and must have partnered with an IT / Technology department. Banking experience is highly preferable.

Key Duties

• Providing analytical support to new business initiatives. Assessing and contributing to business cases for tactical and strategic investments in any Function and monitoring progress and benefits realisation.

• Providing analytical support for new (or renewed) contracts with major suppliers of any Function

• Ensuring all budgets and plans for each Function are produced in a timely manner and to quality required for submission to executive committees and the Board of directors.

• Managing the production of the monthly financial MI (including insightful, actionable commentary) for each Function by working day 3 of each month.

• Managing a view of financial risks and opportunities within each Function’s cost base on an ongoing basis.

• Creating analytical insight to help identify opportunities to drive change and improve efficiency (including driving revenues, reducing costs) within each Function

• Documentation of key Finance processes including identification of key controls

Essential Experience

• Minimum 3 years as a Management Accountant or a similar Finance role partnering an IT / Technology team
• Experience working within the banking industry.
• Proficient in Microsoft Office products including Word, Excel, and PowerPoint.
• Degree – ideally in quantitative subject eg Mathematics, Accounting or Statistics

Desirable Experience

• Excel at Macro level desirable.
• ACA/CIMA/ACCA

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

Legal Entity Controller

Reporting to the Head of Finance, the Legal Entity Controller will be accountable for the full scope of financial reporting deliverables for the client’s EMEA holdings and will ensure the completeness accuracy of the statutory reports. This position will cover the financial reporting for 7 legal entities across EMEA & will report under US / UK GAAP & IFRS while simultaneously training and managing a trainee accountant

Other ad hoc duties will include supporting the budgeting process / regulatory reporting.

Responsibilities:

• Statutory accounts for entities interact with auditors, providing relevant information in a timely fashion
• Review reconciliations for relevant entities to ensure they are carried out & escalate concerns to leadership
• Ensure financial reporting controls are maintained actively look to improve them. Furthermore, assist related teams (tax, product control, regulatory) to uphold the overall control framework
• Assist with budgeting / regulatory reporting respond to queries from the board / leadership team
• Develop models alongside treasury using the client’s ILAA. Also assist treasury with the management of the client’s FX situation.
• Organise the liquidation of entities that no longer hold relevance
• Observe the journal posting report resolve an unposted journals on a daily basis
• Managing developing Junior Accountant

Desired Skills

• Experience of Legal Entity Accounting
• Accountancy qualification with 2-3 years PQE within the Financial Services
• Good academics
• Complex accounting knowledge (consolidated accounting, impairments, minority interest accounting)
• Knowledge of UK GAAP, US GAAP and IFRS
• Experience of:
• Oracle General Ledger
• Hyperion Essbase
• Oracle HFM

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

Legal Entity Controller

Reporting to the Head of Finance, the Legal Entity Controller will be accountable for the full scope of financial reporting deliverables for the client’s EMEA holdings and will ensure the completeness accuracy of the statutory reports. This position will cover the financial reporting for 7 legal entities across EMEA & will report under US / UK GAAP & IFRS while simultaneously training and managing a trainee accountant

Other ad hoc duties will include supporting the budgeting process / regulatory reporting.

Responsibilities:

• Statutory accounts for entities interact with auditors, providing relevant information in a timely fashion
• Review reconciliations for relevant entities to ensure they are carried out & escalate concerns to leadership
• Ensure financial reporting controls are maintained actively look to improve them. Furthermore, assist related teams (tax, product control, regulatory) to uphold the overall control framework
• Assist with budgeting / regulatory reporting respond to queries from the board / leadership team
• Develop models alongside treasury using the client’s ILAA. Also assist treasury with the management of the client’s FX situation.
• Organise the liquidation of entities that no longer hold relevance
• Observe the journal posting report resolve an unposted journals on a daily basis
• Managing developing Junior Accountant

Desired Skills

• Experience of Legal Entity Accounting
• Accountancy qualification with 2-3 years PQE within the Financial Services
• Good academics
• Complex accounting knowledge (consolidated accounting, impairments, minority interest accounting)
• Knowledge of UK GAAP, US GAAP and IFRS
• Experience of:
• Oracle General Ledger
• Hyperion Essbase
• Oracle HFM

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

Role purpose
A general banking operations officer covering multiple products and operational processes specifically around trade finance products but willing to cross train in other products specifically corporate lending products. The processing of transactions from initiation through to settlement including data entry and payment processing. The screening of transactions and the parties involved in line with the internal Compliance policy and assisting Compliance with the transaction monitoring program.

Key responsibilities

• Emphasis and primary responsibility for support and cover for transaction flow and data entry for trade finance operations.
• Support and cover for Trade Finance middle office including the screening of transactions and the relevant parties in line with the JMLSG guidelines
• Identifying potential red flags when reviewing trade finance transactions
• Generate the relevant MT7xx series messages
• Support and cover for transaction flow and data entry (for non STP traffic) for international and domestic payments
• Project deployment support as necessary e.g. system UAT
• Support to maintain and review processes and procedures
• Support with the loan admin function for both syndicated and bilateral loans
• Assist Compliance with the transaction monitoring program
• Delivery of related MI reporting
• Ensure all information is maintained in accordance with the Data Protection policy

Skills

• Suit an all-rounder with an exposure to as broad a range of products and processes as possible
• Experience in Trade Finance products
• Hands on experience of operational processes
• Mandarin language skills is advantageous.
• Understanding of regulatory impact on all operational processes.
• Must be competent on MS Office 2010 and SWIFT specifically MT7xx series messages
• Good communication skills - numerate; articulate; able to work to tight timelines under pressure; able to prioritise
• Ability to work without supervision beyond that provided in cross training and on the job initiation;
• Willing to contribute to any task that assists the continuing foundation of the Bank including but not limited to project management
• Willing to assist in other areas within the team to help provide cover and support

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

Collateral Manager - Banking

Role overview:

Collateral Management is responsible for managing the collateral, exposure, valuations and regulatory commitments within the client’s product suite to help minimise credit, market and operational risks.

This role will be responsible for building and implementing the collateral management function in the Bank. Candidates will need strong experience within a similar role experience of derivative products.

Duties

• Responsible for monitoring and managing collateral with regards to:
  1. Margin calls on derivatives (vanilla, FX and interest rate)
  2. Trade Finance transactions
  3. Term loans (collateral typically includes property, plant and equipment)
• Challenge derivative and other products valuation, particularly with regards to parameters driving this valuation and how this may differ from counterparties’ perspective
• Effectively communicate and escalate issues within Collateral Management and with traders and other support functions, including liaising with relevant departments regarding collateral set-up and entries Input of collateral/security into T24 system
• Payments limit management and approval process for Trade Services using Daily Limit report to calculate line availability and including managing pledged cash covering transactions
• Approving Forex transactions outside of established lines
• Update and draft relevant policies and procedures
• Working closely with Risk and other departments within the Bank to assist and achieve RA objectives.
• Complying with the FCA/PRA’s Individual Conduct Rules, as outlined below

Skills / Qualifications required:

• Extensive collateral management, or similar experience, within the financial services
• A strong understanding of valuation of derivatives would be an advantage
• Knowledge of MS Office and an aptitude for learning new software packages, accurate and high standards of numeracy oral and written English language, along with good organizational and communication skills and a professional attitude
• Motivation to ensure accurate and comprehensive productivity plus the ability to identify procedures that will enhance the administrative function of the department. Self-motivation and initiative are essential
• Excellent interpersonal skills including relationship management, communication and teamwork
• Experience with Temenos 24 would be desirable

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

A role within the support team of a global reinsurance firm. This position will take repsonsibility for servicing Broker / Cedant accounts, ensuring accounts are booked and paid in a timely manner.

Other duties will include analytical work, as well as more ad hoc tasks.

This is a great opportunity to join a fast paced team and to develop your career in re-insurance.

Job Description:

• Processing & validation of complex Assumed and Ceded Treaties and Facultative covers, checking Profit Commissions, Sliding Scales etc ensuring accuracy and continuity with cedant accounting
• Calculation and analysis of quarterly premium accruals / earned premium, assisting in quarterly management reporting and attendance at actuarial review meetings
• Production of monthly Terms of Trade and Premium Adjustment reports and monitoring responses
• Reconciliation of assumed/ceded reinsurance ledgers
• Raising and processing of payments/receipts onto internal systems
• Investigating and resolving internal and external accounting and audit
• Monitor cash/unapplied cash, outstanding accounts and conduct effective credit control activities in maintaining unsettled balances
• Communicating effectively with all departments, branches and stakeholders
• Establish and maintain effective relationships with brokers, cedant’s and reinsurers to ensure business continuity
• Various ad-hoc projects as required

Skills & Experience Required:

• Good A Level grades, particularly in Maths and English
• At least 2 years’ experience in a similar role
• Competence with Microsoft Office tools

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

IT Finance Analyst

A Finance Analyst position sitting within the IT department of a leading investment bank. The team this position sits within focuses on supporting technology teams from a finance perspective, tackling duties like budgeting and forecasting while driving continuous cost reduction & forward planning.

The ideal candidate will possess a strong work ethic & will demonstrate flexibility in the way they approach their role. Strong knowledge of management accounting is essential, as is prior experience of working within the banking sector & supporting an IT department. As this role will sit within IT rather than Finance, the successful candidate will need a genuine interest in technology.

Besides owning the monthly IT budgeting / forecasting processes, you’ll also be interacting frequently with IT managers across the business and advising on technology projects when required.

Key Responsibilities

• Reporting actuals v forecast on a monthly basis, including target comparison & variance analysis
• Creation of dashboards financials to highlight key Management Information & inform IT stakeholders
• Develop strong working knowledge of budgeting / forecasting systems advise on improvements where relevant
• Communication with PMO’s provision of financial information
• Own IT Finance processes on a monthly basis (accruals, prepayments, cost analysis)
• Prepare monthly Forecast / Budget for IT department
• Drive continuous process improvement

Required Skills

• Higher Education (Degree or equivalent) in Finance or Business Studies with Accounting
• Experience of working within Banking sector
• Strong Management accounting experience, ideally within the IT / Technology department of an Investment Bank or related

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

The Role Responsibilities

ALCO Support

• Ensure the effective management of the UK balance sheet including funding, liquidity and market risks during UK Asset and Liability Committee meetings
• Secretariat to the UK ALCO including attending ALCO meetings, preparing and presenting papers at ALCO
• Co-ordinate takeaways and ensure that ALCO special topics papers are prepared and reviewed for ALCO presentation
• Responsible for maintenance and update of UK’s Country Recovery Plan and distribution of weekly Recovery Indicators dashboard
• Ensure that all regulatory, risk and internal reporting requirements to be monitored by UK ALCO is fulfilled including Recovery & Resolution, liquidity risk metrics and balance sheet metrics

Balance Sheet and Liquidity Management

• Work with UK Liquidity Reporting peers and Treasury Markets to understand and communicate the dynamics and interaction of Delegated Act liquidity reporting requirements and impact to the UK balance sheet
• Responsible for analysis and interpretation of UK financial results and responding to new reporting requirements
• Lead and coordinate all balance sheet analytics across UK Finance
• Work with offshore Balance Sheet Optimisation (BSO) team on global initiatives to optimise the balance sheet
• Support BSO’s cost of funds analysis workstream and tracking against scorecard targets
• Build new reports to support analysis and monitoring by ALCO in response to new regulatory and/or internal requirements and hand over the process to the team in India for production

Funds Transfer Pricing (FTP) and Earnings Risk (ER):

• Work closely with Treasury Liquidity FTP and ER teams to understand relevant methodologies and ensure that they are embedded in the operating model of Europe (UK, Jersey and Germany)
• Collaborate closely with Global FTP and ER teams and UK Finance on any proposed developments, adhoc queries and analysis driven by senior management and/or external requests
• Communicate changes and the impact analysis clearly to the Businesses and to ALCO.
• Co-ordinate and liaise between Treasury Liquidity FTP and ER teams and UK Finance on implementation of new and changes to current methodology and/or framework.

Risk Management

• Ability to interpret financial information, identify key issues based upon this information and put in place appropriate controls and measures.

Key Stakeholders

• Key stakeholders mainly comprise the UK ALCO, EA CFO and Treasury Markets. The job holder is responsible for providing these key stakeholders with the information and analysis required for them to discharge their responsibilities.

Skills Needed

• Qualified accountant (preferably ACA/ACCA/CIMA/CPA)

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

The Role Responsibilities

ALCO Support

• Ensure the effective management of the UK balance sheet including funding, liquidity and market risks during UK Asset and Liability Committee meetings
• Secretariat to the UK ALCO including attending ALCO meetings, preparing and presenting papers at ALCO
• Co-ordinate takeaways and ensure that ALCO special topics papers are prepared and reviewed for ALCO presentation
• Responsible for maintenance and update of UK’s Country Recovery Plan and distribution of weekly Recovery Indicators dashboard
• Ensure that all regulatory, risk and internal reporting requirements to be monitored by UK ALCO is fulfilled including Recovery & Resolution, liquidity risk metrics and balance sheet metrics

Balance Sheet and Liquidity Management

• Work with UK Liquidity Reporting peers and Treasury Markets to understand and communicate the dynamics and interaction of Delegated Act liquidity reporting requirements and impact to the UK balance sheet
• Responsible for analysis and interpretation of UK financial results and responding to new reporting requirements
• Lead and coordinate all balance sheet analytics across UK Finance
• Work with offshore Balance Sheet Optimisation (BSO) team on global initiatives to optimise the balance sheet
• Support BSO’s cost of funds analysis workstream and tracking against scorecard targets
• Build new reports to support analysis and monitoring by ALCO in response to new regulatory and/or internal requirements and hand over the process to the team in India for production

Funds Transfer Pricing (FTP) and Earnings Risk (ER):

• Work closely with Treasury Liquidity FTP and ER teams to understand relevant methodologies and ensure that they are embedded in the operating model of Europe (UK, Jersey and Germany)
• Collaborate closely with Global FTP and ER teams and UK Finance on any proposed developments, adhoc queries and analysis driven by senior management and/or external requests
• Communicate changes and the impact analysis clearly to the Businesses and to ALCO.
• Co-ordinate and liaise between Treasury Liquidity FTP and ER teams and UK Finance on implementation of new and changes to current methodology and/or framework.

Risk Management

• Ability to interpret financial information, identify key issues based upon this information and put in place appropriate controls and measures.

Key Stakeholders

• Key stakeholders mainly comprise the UK ALCO, EA CFO and Treasury Markets. The job holder is responsible for providing these key stakeholders with the information and analysis required for them to discharge their responsibilities.

Skills Needed

• Qualified accountant (preferably ACA/ACCA/CIMA/CPA)

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

Senior FP&A Analyst

Our client – a Retail Financial Services Institution – is looking to hire a Senior FP&A Analyst to join their FP&A team. The role will cover a wide range of commercially focused duties including MI Reporting, financial modelling and management reporting.

There will also be a focus on finance transformation via data manipulation as the client is currently beginning a wide scale process improvement drive, meaning SAS / SQL skills will be highly beneficial.

Management Reporting

• Creating / improving processes for collecting MI, in conjunction with the development of new reporting tools & systems
• Owning developing the client’s costing tool & training colleagues on how to use it
• Liaise with Finance Business Partners on cost issues advise them on related queries
• Take a lead role in the completion of the finance pack every month
• Complete budgeting tasks alongside Finance Business Partners
• Modelling via Excel for 5-year operating plan
• Prepare executive committee packs

Process Improvement

• Drive creation of improved finance tools / processes
• UA Testing for updated reporting models (kpi’s, budgeting, forecasting etc.)
• Develop a standardized Management Information template for use throughout the client’s business, ensuring consistency of cost / balance sheet reporting

Required Skills

• FP&A Experience within a customer facing Financial Services institution
• Strong SQL / SAS skills
• Part Qualification in Accounting

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

A role within the support team of a global reinsurance firm. This position will take repsonsibility for servicing Broker / Cedant accounts, ensuring accounts are booked and paid in a timely manner.

Other duties will include analytical work, as well as more ad hoc tasks.

This is a great opportunity to join a fast paced team and to develop your career in re-insurance.

Job Description:

• Processing & validation of complex Assumed and Ceded Treaties and Facultative covers, checking Profit Commissions, Sliding Scales etc ensuring accuracy and continuity with cedant accounting
• Calculation and analysis of quarterly premium accruals / earned premium, assisting in quarterly management reporting and attendance at actuarial review meetings
• Production of monthly Terms of Trade and Premium Adjustment reports and monitoring responses
• Reconciliation of assumed/ceded reinsurance ledgers
• Raising and processing of payments/receipts onto internal systems
• Investigating and resolving internal and external accounting and audit
• Monitor cash/unapplied cash, outstanding accounts and conduct effective credit control activities in maintaining unsettled balances
• Communicating effectively with all departments, branches and stakeholders
• Establish and maintain effective relationships with brokers, cedant’s and reinsurers to ensure business continuity
• Various ad-hoc projects as required

Skills & Experience Required:

• Good A Level grades, particularly in Maths and English
• At least 2 years’ experience in a similar role
• Competence with Microsoft Office tools

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