Risk and P&L Accountant recruitment

 Finance partners with its stakeholders to monitor performance and deliver their strategic agenda. The current economic situation demands Finance to spend more time on financial planning and analysis, financial risk management, strategy planning and credit decisions.

Within this framework, Corporate Investment Banking (CIB) Analytics itself is organised into both functional and product focused teams. An associate position is available in the CIB Analytics Team that coordinates and manages the process of Backtesting from a central finance perspective. Backtesting is the comparison of risk (Value-at-risk) to daily (Buy and Hold) PL. The role is designed to bridge the gap between Global Business Services, teams spread across the world that upload PL and Market Risk Operations, who manage the risk submitted. The role therefore ensures a diversified group of stakeholders at varying levels in the Bank and covers all business areas. The role provides an excellent opportunity to work with all products at a high level and provides good exposure to a wide number of Managing Directors across all functions.

Risk and PL Associate Responsibilities:
• To be the face/bridge between the Market Risk Operation function, Global Business Services and Finance Managers in engaging all functions in the backtesting process.
• Involvement in all ''Change The Bank'' projects that affect the backtesting process as the level of PnL upload becomes more granular in terms of book and account category of PnL. These projects have deliverables over the next few years, eventually the correct candidate will become a subject matter expert.
• Reporting of relevant outliers and business specific commentary. This will involve meeting with Senior Management to discuss drivers of the Buy and Hold PnL.
• Co-ordination of a bi-annual reconciliation of Risk and PnL mappings used for backtesting across the whole of CIB. This provides great exposure to the front to back process of uploading Risk and PnL across all businesses within the Bank.
• To be the onshore contact for our offshore employees based in Manila who carry out the daily/weekly and monthly backtesting processes centrally. This will involve dealing with all queries escalated to onshore as well as holding weekly meetings.
• Monthly sign off of Group Buy and Hold data, following the co-ordination of business specific Finance Director sign offs
• Producing the performance metrics around the monthly Buy and Hold sign off process, presented to Senior Management.
• Improving the backtesting process where identified.
• Provision of regular/adhoc data and analysis relating to external regulatory requests and visits.

Risk and PL Associate skills required:
• A recognised Accountancy qualification CIMA/ACCA/ACA
• Advanced Excel skills (Vlookups, Pivot tables, Macros).
• Strong general computer skills (Powerpoint, Word).
• Experience in reconciliation of large data volumes.
• Working knowledge of investment banking
• Working knowledge hierarchies.
• Knowledge of managing offshore resources/managing indirectly.
• Strong Problem Solving Skills.
• Strong Multi-Tasking abilities.
• The ability to work well under pressure.
• Excellent Communication/Influence skills.
• Strong Technical/Numerical Ability.
• Strong Drive, Commitment and a Proactive approach.
• Strong Attention to detail and Efficiency.
• A flexible attitude to working, open to change.
• Strong relationship building Skills.
• Self confidence.
• Deadline focused