Balance Sheet MI Reporting- VP recruitment
The Team
- Provisional of meaningful analysis on the Total investment banking Balance Sheet to aid Executive decision making and proactive resource management.
- Review and challenge of flash / actual and forecast results and explanations.
- Preparing relevant and intelligent MI detailing key movements, variances, risks and opportunities.
- Proactive engagement in the change agenda to deliver continuous improvement and promote best practice across the Balance Sheet community. Collaborate with appropriate teams to ensure that 'change' is delivered to our requirements.
- Providing challenge to business submissions, commentary and analysis.
This role will be a key contact for all divisional balance sheet MI requirements of the divisional executive and divisional governance.
The Opportunity
The role presents an excellent opportunity for the right candidate to further develop his/her strong grasp of balance sheet principles within the wholesale banking environment. Reporting to the Head of Balance Sheet MI Reporting, the role provides the candidate with the opportunity:
- To deepen your understanding of the balance sheet, funding and liquidity requirements of the division and its businesses, the key factors which drive these requirements and options available to optimise these
- To assist in developing and implementing systems for monitoring and analysing balance sheet metrics, particularly around balance sheet usage.
- To interact with colleagues at all levels across divisional businesses and group functions.
- To participate on balance sheet change programmes and drive development and improvements around balance sheet MI.
Key responsibilities of the role include:
• To understand actual balance sheet, funding and liquidity positions of the division and by business, and to understand the impact of business plans on balance sheet positions.
• To review and challenge business submissions and commentary around balance sheet positions, and develop relationships with key contacts to improve the quality and timeliness of balance sheet MI.
• To prepare relevant divisional balance sheet MI, including daily and monthly packs, regular reforecasts and information for divisional Executive Committees, and briefings for external reporting periods
• To review business balance sheet forecasts and ensure key items are consistent with other forecast data, in particular capital and income.
• To draft briefings and analysis for Group functions and divisional executives on key issues within monthly flash and actuals, and to prepare budget and forecast briefings.
• Responding to ad-hoc requests for information concerning balance sheet data, risks and opportunities from a broad range of customers
• To develop an appreciation of risk positions within the divisional balance sheet over time, including valuation issues, funding risks, IRR in the banking book, FX positions, credit risk concentrations, VaR, PV01, CR01, provisions etc. Through this understanding highlight potential future impacts within the PL.
• To promote improved balance sheet understanding and excellence in balance sheet reporting, review and commentary, through collaboration across teams in Finance and divisional businesses and regions.
• To collaborate with reporting/central teams on an ongoing basis to identify any factors compromising the data quality/relevance of balance sheet information provided and actively work to remove these.
Essential Experience
• Qualified Accountant with a good understanding of balance sheet and funding principles
• Experience in the production of decision support / management information / Executive briefings
• Relevant Financial services experience
• Degree/supplementary qualification in Finance
• Planning/budgeting/forecasting experience