AVP, Business Unit Control

JOB SUMMARY / INTRODUCTION The Global Markets Business Finance team comprises Business Unit Control, Independent Price Verification and Central MI and Change Management teams. The team supports the Global Markets and Group Treasury businesses locally and internationally. The unit falls under the Group Finance department and reports to the CFO, CIB Finance & International. Key priorities of this role include: Providing world class financial reporting & support services, adding value through providing professional, independent & objective financial advice which assist in the achievement of business objectives whilst complying with Group policies and standards, and external statutory obligations. Production of financial & management accounting reporting statements for the functional area of responsibility in line with Group reporting standards, whilst maintaining a robust control environment. The Business Unit Control team is responsible for accounting and financial reporting of the Global Markets & Treasury business, acting as a primary control function, and monitoring trading activity to ensure it is in a specified remit. Tasks include Profit & Loss (P&L) reporting decomposition and attribution, dealing with ad hoc management reporting queries, reconciliation and substantiation of P&L and Balance Sheet between the General Ledger (Oracle General Ledger & OneSumX) and Source (e.g. Murex). This role is focused on the day-to-day tasks related to the International Business Unit Control function, such as daily preparation and control of P&L, general ledger reconciliations and variance analysis, explanations, commentaries, and MI reporting. KEY RESPONSIBILITIES Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner. Demonstrate compliance to organization’s values and ethics at all times to support the establishment of a value drive culture within the bank. Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction. Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards. Finance business partner and trusted advisor on reporting and day-to-day support of the Global Markets business, providing prompt and effective support to the Global Markets Front Office, Market Risk, Group Treasury, Group Financial Planning & Analysis, Group Financial Reporting and Business Unit Control management. Comprehensive P&L analysis including detailed analysis and interpretation of daily results, variances, risk positions, realized and unrealized P&L components, revaluation curve movements with P&L attribution, new deals, cancelled and amended trades and price / rate validation. Key liaison for sales reporting playing a vital role between GM Products and Sales, which includes segmental & coverage-based reporting. Key business finance contact for all Global Markets Front Office related queries, leading discussions, as appropriate, with Front Office to ensure P&L analysis is agreed. Act as one of the prime points of contact across all processes in order to ensure all customer needs are being met. Provide relevant support to VP, Business Control Unit, ensuring all business transacted is ‘compliant, safe and sustainable’. Compilation of all daily revenue reporting for the business, ensuring the accuracy and integrity of source system interfaces into the General Ledger. Provide independent validation of the financials reported for the GM businesses by maintaining a robust control framework between FO and reported financials. Maintain a strong understanding of the products traded and the trading strategies within the business. Understanding of specific business models, analysis of structured deal packages and application of appropriate accounting standard thereupon. To provide professional & ethical behaviors by ensuring compliance with external legislation, bank standards, internal operating policies and procedures. Managing the day to day and month end controls of P&L and Balance Sheet reconciliation, substantiation and reporting for GM. Support of new business requests, ensuring they are controlled through the existing or new system architecture, providing responsive support to front office, ensuring “speed to market” of new products. Manage projects driven by new regulatory requirements in local and international locations to ensure the key criteria of the regulation is met in a sustainable, efficient and effective manner. Line of Business and Desk level commentary with market relevance when internal P&L thresholds are breached. Ensure compliance and control of specific accounting processes and practices for proposed new prod

Follow all departmental policies, processes, SOPs, and instructions to ensure work is carried out in a controlled and consistent manner. Demonstrate compliance with values and ethics to support a value-driven culture. Identify opportunities for continuous improvement and sustainability of systems, processes, and practices in line with global standards, productivity improvement, and cost reduction. Assist in preparing timely, accurate statements and reports to meet department requirements, policies, and quality standards. Act as a finance business partner and trusted advisor on reporting and day-to-day support for Global Markets, providing prompt support to Front Office, Market Risk, Group Treasury, Group FP&A, and BU Control management. Conduct comprehensive P&L analysis including detailed interpretation of daily results, variances, risk positions, realized/unrealized P&L components, revaluation movements with attribution, new deals, cancelled/amended trades and price/rate validation. Serve as a key liaison for sales reporting between GM Products and Sales, including segmental and coverage-based reporting. Serve as a primary business finance contact for all Global Markets Front Office queries, leading discussions to ensure P&L analysis is agreed. Ensure customer needs are met across processes. Support VP, BU Control with compliant, safe, and sustainable business transactions. Compile all daily revenue reporting for the business, ensuring accuracy and integrity of source system interfaces into the General Ledger. Provide independent validation of GM financials by maintaining a robust control framework between Front Office and reported financials. Maintain a strong understanding of traded products and trading strategies. Understand specific business models, analyze structured deal packages, and apply appropriate accounting standards. Demonstrate professional and ethical behavior by complying with external legislation, bank standards, and internal policies. Manage day-to-day and month-end P&L and Balance Sheet reconciliation, substantiation, and reporting for GM. Support new business requests with controlled process through existing or new system architecture, delivering responsive support to Front Office and ensuring speed to market of new products. Manage projects driven by new regulatory requirements in local and international locations to meet regulatory criteria in a sustainable, efficient, and effective manner. Provide line-of-business and desk-level market-relevant commentary when internal P&L thresholds are breached. Ensure compliance and control of specific accounting processes for proposed new products.