Head of Investment Systems, Reporting and Controls -Bromley recruitment
• Responsible for ensuring all Investment and Treasury assets and dealing activity are recorded and valued accurately, correctly classified and posted on a timely basis into the accounting systems of RBS Insurance.
• Ensuring the Investment and Treasury team are aware fully of the accounting implications arising from all activity undertaken (e.g. realised gains/losses, upcoming changes in accounting standards). To be the key interface into other RBS Insurance accounting teams.
• To lead the production of robust investment income forecasts. To ensure actual income is tracked monthly throughout the year versus forecast. To highlight adverse deviations from forecast and galvanise activity to determine corrective actions available
• Develop, implement and oversee a robust controls framework underpinning all Investment and Treasury activity. The framework must ensure, inter alia
o A robust, up-to-date policy and procedures framework is maintained and adhered to,
o Appropriate segregation between key activities (e.g. dealing, recording and settlements),
o Limits are set, monitored and reported on (e.g. authorised credit exposure limits, capital constraints).
• Manage the preparation and timely delivery of all reporting issued by Investment Treasury, in particular:
o A weekly and monthly set of management reports viewed as best in class regarding content, insights provided and focus on decisions required
o Provision of data and analysis to support statutory reporting and ad hoc requests from other internal and external parties (eg rating agencies).
• Manage the contractual and operational relationships with key service providers (e.g. Bloomberg, Black Rock, asset custodian) and external fund managers (eg MG, Pimco). Responsible for ensuring contractual frameworks up-to-date and robust. Supports Director of Investment and Treasury in all related fee negotiations.
• Develop, test and maintain a business continuity plan (BCP) to mitigate the time Investment and Treasury is not able to operate due to scenarios outwith its control.
• Be responsible for ensuring externally sourced systems used within the Investment Treasury function (e.g. Blackrock) are operating in line with expectations. Manage the change control process for all enhancements requested
• Develop, manage and lead a team of three direct reports. Build strong relationships with other RBSI functions, in particular, financial reporting, risk, audit.
• Identify ,own and manage the risks involved in running our business appropriate to my role, in line with the RBS Insurance risk f
Business: Knowledge of insurance industry required.
Technical: A strong background in investment and treasury accounting required
An authoritative investment accounting knowledge required. Excellent client management skills and strong vendor management disciplines.