Role summary:

To support the senior controllers and ensure timely, accurate, fully substantiated and compliant financial and management reporting of the following businesses:

Asset Backed Securities Investment, Securitisation and Structured Credit

Daily and monthly controls performance:

  • P&L and balance sheet reconciliation and substantiation of the general ledger;
  • Cause analysis and timely clearance of reconciliation breaks and suspense items;
  • Preparation of monthly IFRS accounts including preparation of monthly journals & submission of Group disclosures;
  • Co-ordination with various departments, including Valuation, Accounting Control, Operations and Front Office to ensure accuracy and completeness of balances passing to the general ledger;
  • Daily and monthly analytical review to provide meaningful business-informed commentary on the financials.
  • Monitor and review work process and output from off-shore Middle office

Process improvement

  • Assist with establishing and implementing correct accounting for the ABS
  • Standardisation of work processes within the team using best practice approach
  • Challenging current booking structures to ensure limited manual intervention and correct accounting and cash flows; and
  • Reduction of operational risk and cost through automation and process efficiency projects.

Education, Experience and Skills:

  • Strong knowledge and practice in ledger maintenance (posting double entries according to the events) and in dealing with reconciliation issues, particular in amortising bonds.
  • Strong A levels (or equivalent), preferably including Maths.
  • Accounting qualification, e.g. ACA
  • Proven Financial Control experience from major investment bank or proven audit experience from auditing Financial Control in investment banking will be considered an advantage.
  • IFRS accounting knowledge is preferred, e.g. IAS39, IFRS9
  • Strong product and accounting knowledge in vanilla products, e.g. bonds, interest rate swaps, credit default swaps, etc.
  • Strong Analytical skills
  • Demonstrated ability to help implement control improvement
  • Good interpersonal and communication skills
  • Strong MS Excel, e.g. pivot table, sumif function; VBA and Microsoft Access knowledge will be considered an advantage
  • Ability to work independently and take proactive action.
  • Takes full ownership and follow up with issues and resolutions in a timely manner.

They have a great working environment and are easily accessible on public transport and would like somebody who can start immediately.