Contract BA PC recruitment
PURPOSE
The purpose of this role is to develop the definition and maintenance of Product Control related business processes throughout Europe; ensuring that key processes are documented, controlled, repeatable and understood.
From this, the role will be integral in identifying opportunities for improving these processes; whilst acting as the centralised point of contact, being able to coordinate the assessment the impact of changes (whether driven by business, technology or other functions) and ensuring the subsequent smooth implementation of these changes.
PRIMARY RESPONSIBILITIES
Define and create a framework of clear and concise documentation covering: processes, procedures, sign-off and exceptions; roles and responsibilities; system and data flows; reporting requirements.
Responsible for developing recommendations for the future business process and procedures for Product Control, and be involved in the approval of these processes from the Front Office, Middle Office and other supporting functions
Work with project management to change business processes and systems – e.g. writing specifications, system testing, organising UAT, dealing with change requests etc
AUTHORITIES, IMPACT, RISK
Recommend change to business process and procedures
Position’s scope covers the bank’s markets in Europe
KEY RELATIONSHIPS
Establish strong working relationships with key business and technical personnel in the following functional areas, Operations, Product Control, Financial Control, Market Risk, Credit Risk, Technology, and Application Support
EDUCATION /OR EXPERIENCE Required
Finance/accountancy qualification (ACA, ACCA, CIMA)
Atleast 2 years of product control experience
PnL decompostion or attribution experience
Business knowledge within at least 3 of the following asset classes: Interest Rate Derivative, Fixed Income, Credit Derivative, FX, MM/Repo
Knowledge of accounting policies/standards covering derivatives (IAS, IFRS, FASB)
COMPETENCIES
Behavioral
Strong interpersonal, written and verbal communications skills
Strong presentation skills
Ability to network and build relationships
Comfortable dealing with senior management and key personnel
Excellent stakeholder management skills
Strong leaderships skills; ability to motivate; ability to direct, coach, support, and delegate as appropriate
Ability to work effectively under pressure in a rapidly changing environment
Ability to manage multiple tasks and meet assigned deadlines
Organised and detail oriented
Proactive, positive ‘can do’ attitude and a quick learner
Technical
Strong business analysis skills combined with requirements functional specification documentation production
Strong business process analysis and modeling skills (i.e. using BPMN)
Strong PC software and systems skills
Business
The following are required for Interest Rate Derivative, Fixed Income and Credit Derivative asset classes:
In-depth understanding of the trade life cycle
In-depth understanding of middle office processes and the infrastructure that supports them: Valuation, PL production and decomposition, Market Risk, IPV, and reporting
In-depth understanding of finance and accounting processes and the infrastructure that supports them: ledger/sub-ledger, account postings, reconciliation, reserves/pricing adjustments and reporting