Funding and Balance Sheet Controller - London, Contract, Balancesheet, Entities

Strategic Staffing Solutions International

Posted on Jul 10, 2024 by Strategic Staffing Solutions International
London, United Kingdom
Accountancy
Immediate Start
Daily Salary
Contract/Project

Funding and Balance Sheet Controller, Balancesheet, Controller, Entities, Entity, Bank, Banking, Investment Banking, Audit, Finance Reporting, Analysis, Accounting, Funding, Balance Sheet, Financial, Regulatory, Valuation, Capital, Liquidity, Reputational risk, Products, Prime Services.

We are looking for a Funding and Balance Sheet Controller to work for a World leading Investment Bank located in London on an initial 12 month contract. Role is based 5 days per week in the London office and inside IR35/Umbrella.

As a Funding and Balance Sheet Controller you will take ownership of the financial reporting and monitoring across a wide range of legal entities. You will develop an in-depth understanding of these entities, including their investments, business strategies, and associated technical accounting requirements. You will be a bright and driven professional who is keen to use and develop their technical accounting skills to provide high quality reporting and analysis of our entities' assets and liabilities in a challenging and varied environment.

Funding Controllers are part of the broader Controller Division which is a global team responsible for ensuring the accuracy of the firm's financial and regulatory information by complying with the rules and regulations governing financial markets worldwide. As well as managing both internal and external financial reporting, the role plays a key role in the firm's business planning decisions around allocation of scarce financial resources such as capital and balance sheet. You will partner with the business in providing advice on accounting, valuation, capital, liquidity, reputational risk and other regulatory considerations when executing business with our clients. Controllers is ideal for individuals who want to work and learn within our strong culture of teamwork and collaboration and who are motivated by opportunities for challenging project work.

The EMEA Prime Services Product Control Team is responsible for the daily P&L and ME valuation, control and Balance Sheet and Disclosure reporting for Prime Securities Lending and Synthetic Financing desks. There is significant day-to-day interaction with PB and Trading Front Office, Middle Office and other Operations teams such as Asset Servicing, front to back technology functions, as well as other Risk and Control functions.

Responsibilities:

  • Preparing the daily profit and loss account for trading desks, involving an assessment of the nature of revenue generated in the context of market moves and risk held as well as reconciliation between Front Office systems and sub-ledger as well as the firm's general ledger.
  • Producing and reviewing profit and loss attribution and commentary for the bank's trading, investing and new issuance businesses.
  • Participate in strategic initiatives to improve process flows and analysis as well as proactively seeking opportunities to improve workflows.
  • Intelligently reviewing trading activity to help assess the valuation of the portfolio and to highlight anything unusual or material to management.
  • Monthly price verification review and challenge of trader inputs into inventory pricing as well as incremental assessment of less observable inputs.
  • Preparing monthly accounts for posting to the firm's general ledger and producing/reviewing relevant external disclosures.
  • To interact effectively and pro-actively with traders and their management on current business issues.
  • Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc.
  • Developing an in-depth knowledge of products and market awareness.
  • Ensuring compliance with all the Firm's financial reporting requirements.
  • Account and monitor for the Firm's secured and unsecured financing activities.
  • Liaising with other departments in a collaborative and problem-solving capacity.
  • To be fully informed of all department developments and issues in their trading areas.
  • Preparing, analysing, reviewing and presentation of the estimated daily balance sheet for European entities under USGAAP and IFRS.
  • Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business and proactively working to identify solutions.

Qualifications & Competencies:

  • Qualified Chartered Accountant; or other relevant professional financial qualifications (eg CFA).
  • We will also consider part-qualified candidates currently on another bank ACA/or similar program
  • Intellectual curiosity and interest in financial markets/products
  • Strong analytical skills and an aptitude for problem solving
  • Track record of improving processes and adding value to clients/stakeholders
  • Ability to successfully handle multiple tasks and take initiative to improve own performance
  • Excellent communication skills with the ability to communicate what is relevant and important in a clear and concise manner
  • Experience in preparation of audited financial statements under USGAAP, UKGAAP or IFRS is beneficial but not essential
  • Exposure to Equities Delta One products, or Fair Value Accounting pricing, valuation and reserves an advantage but not essential

Please send me your CV for an immediate review.


Reference: 2791854388

https://jobs.careeraddict.com/post/92831106
Strategic Staffing Solutions International

Funding and Balance Sheet Controller - London, Contract, Balancesheet, Entities

Strategic Staffing Solutions International

Posted on Jul 10, 2024 by Strategic Staffing Solutions International

London, United Kingdom
Accountancy
Immediate Start
Daily Salary
Contract/Project

Funding and Balance Sheet Controller, Balancesheet, Controller, Entities, Entity, Bank, Banking, Investment Banking, Audit, Finance Reporting, Analysis, Accounting, Funding, Balance Sheet, Financial, Regulatory, Valuation, Capital, Liquidity, Reputational risk, Products, Prime Services.

We are looking for a Funding and Balance Sheet Controller to work for a World leading Investment Bank located in London on an initial 12 month contract. Role is based 5 days per week in the London office and inside IR35/Umbrella.

As a Funding and Balance Sheet Controller you will take ownership of the financial reporting and monitoring across a wide range of legal entities. You will develop an in-depth understanding of these entities, including their investments, business strategies, and associated technical accounting requirements. You will be a bright and driven professional who is keen to use and develop their technical accounting skills to provide high quality reporting and analysis of our entities' assets and liabilities in a challenging and varied environment.

Funding Controllers are part of the broader Controller Division which is a global team responsible for ensuring the accuracy of the firm's financial and regulatory information by complying with the rules and regulations governing financial markets worldwide. As well as managing both internal and external financial reporting, the role plays a key role in the firm's business planning decisions around allocation of scarce financial resources such as capital and balance sheet. You will partner with the business in providing advice on accounting, valuation, capital, liquidity, reputational risk and other regulatory considerations when executing business with our clients. Controllers is ideal for individuals who want to work and learn within our strong culture of teamwork and collaboration and who are motivated by opportunities for challenging project work.

The EMEA Prime Services Product Control Team is responsible for the daily P&L and ME valuation, control and Balance Sheet and Disclosure reporting for Prime Securities Lending and Synthetic Financing desks. There is significant day-to-day interaction with PB and Trading Front Office, Middle Office and other Operations teams such as Asset Servicing, front to back technology functions, as well as other Risk and Control functions.

Responsibilities:

  • Preparing the daily profit and loss account for trading desks, involving an assessment of the nature of revenue generated in the context of market moves and risk held as well as reconciliation between Front Office systems and sub-ledger as well as the firm's general ledger.
  • Producing and reviewing profit and loss attribution and commentary for the bank's trading, investing and new issuance businesses.
  • Participate in strategic initiatives to improve process flows and analysis as well as proactively seeking opportunities to improve workflows.
  • Intelligently reviewing trading activity to help assess the valuation of the portfolio and to highlight anything unusual or material to management.
  • Monthly price verification review and challenge of trader inputs into inventory pricing as well as incremental assessment of less observable inputs.
  • Preparing monthly accounts for posting to the firm's general ledger and producing/reviewing relevant external disclosures.
  • To interact effectively and pro-actively with traders and their management on current business issues.
  • Assessing risk inherent in trading positions, whether market, compliance or reputational risk etc.
  • Developing an in-depth knowledge of products and market awareness.
  • Ensuring compliance with all the Firm's financial reporting requirements.
  • Account and monitor for the Firm's secured and unsecured financing activities.
  • Liaising with other departments in a collaborative and problem-solving capacity.
  • To be fully informed of all department developments and issues in their trading areas.
  • Preparing, analysing, reviewing and presentation of the estimated daily balance sheet for European entities under USGAAP and IFRS.
  • Understanding of the impact of Regulatory Capital rules on a trading desk's ongoing and new business and proactively working to identify solutions.

Qualifications & Competencies:

  • Qualified Chartered Accountant; or other relevant professional financial qualifications (eg CFA).
  • We will also consider part-qualified candidates currently on another bank ACA/or similar program
  • Intellectual curiosity and interest in financial markets/products
  • Strong analytical skills and an aptitude for problem solving
  • Track record of improving processes and adding value to clients/stakeholders
  • Ability to successfully handle multiple tasks and take initiative to improve own performance
  • Excellent communication skills with the ability to communicate what is relevant and important in a clear and concise manner
  • Experience in preparation of audited financial statements under USGAAP, UKGAAP or IFRS is beneficial but not essential
  • Exposure to Equities Delta One products, or Fair Value Accounting pricing, valuation and reserves an advantage but not essential

Please send me your CV for an immediate review.

Reference: 2791854388

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