Business Unit Controller – Rates recruitment
Role/Team Summary:
To support the Business Unit Control framework within Asia Pacific Finance and specifically, to be the Business Unit Controller for the Rates business in the region.
Specific Responsibilities:
Daily PL reporting and analysis.
Daily PL Decomposition and PL commentaries
Reconciliation to Trader Flash and liaise with the business on resolution of p/l discrepancies and valuation issues.
New product review and valuation testing.
Daily and month end reconciliation of reported PL to GL
Coordination with APAC? Finance regionally for GL-related issues/queries
Balance sheet substantiation and ownership
Ad-hoc MI reporting and projects
Projects to increase the efficiency of reporting requirements
Detailed roles and responsibilities:
Daily PL process
Ensure the accurate and timely production of the daily pl process for the Rates business;
Comparison of Flash PL (on T) vs Finance PL (on T+1) and escalate as required by the Flash PL Policy
PL substantiation and attribution analysis by risk driver and market moves on opening positions and new deals is understood and delivered to the Front Office
PL reporting, obtaining front office PL sign-off as required by the PL Sign-Off Policy.
New deals review and analysis, including day 1 PL monitoring and reporting / escalation;
Ensure all positions are marked at appropriate accounting standards and policy
Ensure that appropriate controls are exerted on a daily basis in order to facilitate balance sheet substantiation and account ownership review and sign off.
Calculate trading book reserves in accordance with GPU reserve models and policies.
Ensure that any issues are escalated appropriately on a daily basis;
Independent pricing review of the trading book positions in accordance with the Independent Valuation Policy, focusing on areas of subjectivity, making assessment of residual risks, determining appropriate IPV reserves.
Regular and ad-hoc analysis of aspects of the business both tactical and strategic
Ensure daily and monthly p l commentaries are produced to the highest standards and accurately reflect market movements vs. positions held
Liase as appropriate with the Business in order to perform ad-hoc value added analysis
Project work covering controls enhancement, efficiency initiatives and strategic developments in order to provide business advantage
Regular and ad-hoc analysis of aspects of the business both tactical and strategic
Project work covering controls enhancement, efficiency initiatives and strategic developments in order to provide business advantage
Identify control and efficiency initiatives
Assisting in system development, testing and implementation
Working closely with the Front Office and support areas in the development and approval of new products
The individual will be required to establish professional, robust, but collegiate working relationships, at all levels, with both the business and support areas (e.g. Market Risk, Operations, Credit Risk) as well as other areas within Finance, in order to provide an integrated and proactive approach to business development and facilitation.
Essential Experience:
3-5 years of relevant working experience
Knowledge of Financial Markets products, preferably in the area of FX or Rates
Knowledge of product accounting, financial reporting and IAS
Proficient in MS Excel and Access
If you would like to apply for this role or find out more, please contact Brendan on 6228 5328 or email to
Brendan.Walsh@robertwalters.com.sg
Due to anticipated volume of applications only successful candidates will be contacted for next steps