Product Control Accountant - London, United Kingdom - MW recruitment

MW recruitment

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Our client is an international bank based in the city. An opportunity has arisen to join the team on a 6 month contract with a view to becoming permanent.

You will join the Finance Function and be responsible for reporting and significant internal projectsincluding implementing new products, reporting processes and hedge accounting.

Working in a team, your role will include the preparation of both internal and external reporting for the company entities.

Duties will include:

Ownership of tasks within daily, monthly & quarterly P&L production and Balance Sheet review of all Treasury, Loan and Deposit products.
Assisting the Team Manager with the daily and monthend analysis of: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 Team Manager on the Balance Sheet Substantiation and ensuring that the key reconciliations and analysis are all signedoff and submitted for review as part of the monthend timetables.
Working closely with the Team Manager and Senior Financial Controller on preparing the audit pack and replying auditors 'enquiries.
Preparation of the daily P&L reports for review by the Team Manager in order that these reports are published before midday on T+
Escalating issues and concerns immediately where appropriate.
Work closely with the Team Manager and assist in developing financial/analysis data and reports for business management in the form and at the frequency required by the Management committee/ ALCO and assist in the reports required for the Head Office.
Work closely with the Team Manager / 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 Branch.
Standardizing the documentation for the daily, monthly product control manuals, procedures and processes and assisting the Team Manager 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.
Actively contribute financial analysis to the monthly ALCO meeting as requested by Team Manager
Knowledge of financial products ie FX Derivatives, Interest Rate Swaps, Bonds, MM Deposits and Loan products is essential.
Knowledge of RMB (CNH & CNY) is preferable as is knowledge of Clearing activities.
High regard for attention to detail and accuracy to ensure close control of the P&L reported.
Understanding of Funds Transfer Pricing (FTP) methodologies.
Awareness of emerging industry trends such as Basel capital rules & IBOR transition implication
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 as well as good level for VBA and SQL.
Fluency in English (desirable: ability to communicate in Mandarin)

This is a great team to join as they are bright, driven individuals with an entrepreneurial feel.