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Product Controller 15 month FTC

Employer
Close Brothers
Location
London / Hybrid
Salary
Competitive salary + discretionary bonus + benefits
Closing date
23 Apr 2023

Job Details

OVERALL SUMMARY

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.

Join Close Brothers Product Control team where you will work closely with Treasury front office and be responsible for controlling and reporting on the transactions that they undertake, taking ownership of the daily control processes including Daily risk and limit reporting, price verification and profit and loss reporting.

RESPONSIBILITIES

Daily Risk Reporting

  • Preparing and distributing Treasury’s daily Interest Rate Risk report, monitoring limits for EVE & EAR, explaining movements, reporting limit breaches, and verifying remediating trades.
  • Preparing and distributing Treasury’s daily Liquidity Report analysing / explaining any movements.
  • Daily monitoring and reporting of Credit limits and reporting any credit rating changes.
  • Daily monitoring and reporting of Fx Limits

Monthly Responsibilities

  • Maintaining the Treasury Finance derivative portfolio including valuation checks to counterparty statements and reconciliation to the financial statements.
  • Maintenance of the Treasury Finance Security portfolios including preparation of monthly balance sheet reconciliations.
  • Preparing the daily P&L Report, explaining movements, and reconciling to the financial statement.
  • Assisting the Finance team to perform the monthly close process, ensuring that relevant controls operate effectively and that all variances are adequately explained

Quarterly / Semi Annual Responsibilities

  • Provide information for the completion of the semi-annual Financial Statements, explaining period movements where required.
  • Provide information for the quarterly FINREP return

Hedge Accounting

  • Work closely with the Hedge accountant to be able to cover the hedge accounting month end process in case they are not available​

Risk & Compliance

  • Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required

WE WOULD LOVE TO HEAR FROM YOU IF:

  • Working towards an accounting or finance qualification
  • Good Excel / IT skills and competent at working with large volumes of data
  • Strong mathematical and analytical skills
  • Ability to identify and remediate key control issues
  • Good attention to detail
  • Strong commitment to meeting deadlines.
  • Must have a curious and proactive mind-set and understand the ‘why’; not afraid to question and challenge
  • Able to work in fast paced environments
  • Must work well within teams and able to engage with a variety of people across multiple departments.
  • Ability to handle sensitive, confidential information
  • Must be prepared to get involved in a wide variety of tasks.

IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU:

  • Qualified or part qualified accountant
  • An understanding of Treasury operations and of the key drivers of value within the business
  • Previous experience working in banking finance  
  • Experience with SAP general ledger
  • Experience with Bloomberg
  • Experience with FIS Treasury management system

We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us or request a call back (details can be found via the 'Apply' button).

ABOUT US

For roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. At Close Brothers we provide financial support and advice to small businesses and individuals in the UK. Our purpose is to help the people and businesses of Britain thrive over the long term.

Company

Close Brothers is a leading merchant banking group established in 1878, providing lending, deposit taking, wealth management services, and securities trading.

We employ 3000 people, principally in the UK, and are one of the largest 250 companies listed on the London Stock Exchange.

Our activities are straightforward. We remain focused on markets and services we know and understand, developing leading positions and unrivalled expertise.

Our approach is prudent and considered enabling us to grow sustainably, through all market conditions, building confidence among our depositors and investors.

Our businesses have remained local as we continue to provide bespoke services, and developing long-term relationships ensuring our success in the future.

We value our clients over everything else. What they do is important – they are the doers and makers of things, the wealth creators, the investors and the savers. We ensure our services meet their specific needs and invest to support them as they grow.

These principles, founded in our past but applied to the modern world today, represent what we describe as ‘modern merchant banking’ – values that are embedded in our culture and that underpin everything we do.

Our Business areas:

Our Banking division provides lending to small businesses and individuals, with an emphasis on specialist finance. We also offer deposit taking services to UK businesses and individuals.

In Securities, we provide trading services in the UK through Winterflood, a leading market-maker.

Close Brothers Asset Management provides a range of financial advice, investment management and on-line investing services, helping clients to secure their financial future.

Company info
Location
10 Crown Pl
London
EC2A 4FT
United Kingdom

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