At a Glance
- Tasks: Support business finance and product control for Global Financial Markets in London.
- Company: Join DBS, a leading financial services group with a strong global presence.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team driving financial insights and strategic initiatives.
- Qualifications: Degree in Finance or related field; 10 years of relevant experience required.
- Other info: Must have the right to work in the UK without sponsorship.
The predicted salary is between 43200 - 72000 £ per year.
This is a unique role combining product control and business finance support for the Global Financial Markets business and Corporate Treasury operations in DBS London.
Job Responsibilities
- Global Financial Markets (GFM) Business Finance: Provide business finance support for GFM across Trading and Sales, covering a wide range of products from foreign exchange, interest rates and fixed income to carbon and inflation-linked products.
- Publish monthly PL dashboard with detailed transactions breakdown to drive data analysis and provide business insights.
- Review overall financial performance review and provide commentaries on variances and performance against budget.
- Monitor expenses and control costs.
- Prepare/submit PL and BS budget and forecast.
- Product Control: Perform monthly PL/Balance Sheet reconciliations.
- Responsible for monthly KRI (key risk indicators) submission.
- Coordinate monthly PL sell-down of non-functional currencies.
- Coordinate new portfolio creation and ensure portfolio attributes are set up correctly in iWork for PL reporting.
- IFRS 9 control monitoring (e.g. intra-entity and inter-entity transfers).
- Provide hedge accounting support.
- Prepare/review manual journal entries to support the business activities.
- Central Operations (CO) Controller (supporting balance sheet management): Publish MIS and provide PL attribution breakdown.
- Prepare/submit PL and BS budget and forecast.
- Ensure key activities/strategies carried out in CO are in line with local/group ALCO approvals (e.g. FTP policies).
- Secretariat for local ALCO.
- Projects and Others: Lead initiatives to improve controls, streamline workflows and enhance analytics to provide strategic insights.
- Participate in business-related initiatives that may involve new business activity, product or system.
- Closely liaise with and handle queries from Front Office, Risk, Operations, Group Finance and internal/external auditors on day-to-day matters.
- Be familiar with and operate within Group policies, standards and guidelines.
- Support the Finance team's day-to-day duties and any ad-hoc projects.
Skills & Requirements
- Degree holder in Finance or a related discipline and/or Chartered Accountant.
- Minimum 10 years of relevant experience.
- Solid understanding of Treasury products and/or key drivers of balance sheet management.
- Familiarity with data visualization tools (e.g. Qlikview, Tableau, PowerBI or equivalent) and strong data mining and analytics skills would be an advantage.
- Strong communication and interpersonal skills in stakeholders’ management.
- Strong team player with high control awareness and inquisitive mindset.
- Ability to think out of the box and relate product control processes with the business strategies and activities of the bank.
- You must have the right to work in the UK and do not require sponsorship now or in the future.
Contact Detail:
DBS Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Finance and Product Control
✨Tip Number 1
Familiarise yourself with the specific Treasury products mentioned in the job description, such as foreign exchange and fixed income. Understanding these products will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Network with professionals in the finance sector, especially those who work in product control or business finance. Engaging with industry experts can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Brush up on your data visualisation skills, particularly with tools like PowerBI or Tableau. Being able to showcase your ability to analyse and present financial data effectively can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss your experience with financial performance reviews and variance analysis in detail. Be ready to share specific examples of how you've contributed to cost control and budget forecasting in previous roles.
We think you need these skills to ace Business Finance and Product Control
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in business finance and product control. Emphasise your understanding of Treasury products and any specific tools you've used, such as data visualisation software.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the role and how your background aligns with the job responsibilities. Mention your experience with financial performance reviews and your ability to provide insights based on data analysis.
Highlight Key Skills: Clearly outline your skills that match the job requirements, such as strong communication abilities, teamwork, and analytical skills. Provide examples of how you've successfully managed stakeholder relationships in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a role in finance.
How to prepare for a job interview at DBS Bank
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of the responsibilities outlined in the job description. Familiarise yourself with terms like PL dashboard, KRI submissions, and hedge accounting. This will help you speak confidently about how your experience aligns with the role.
✨Showcase Your Analytical Skills
Given the emphasis on data analysis and financial performance review, be prepared to discuss specific examples where you've used data to drive insights or improve processes. Highlight any experience with data visualisation tools like Qlikview or Tableau, as this could set you apart.
✨Demonstrate Stakeholder Management
Strong communication and interpersonal skills are crucial for this role. Prepare examples of how you've effectively managed relationships with various stakeholders, such as Front Office or Risk teams. This will show that you can navigate complex organisational structures.
✨Prepare for Technical Questions
Expect technical questions related to Treasury products and balance sheet management. Brush up on your knowledge of foreign exchange, interest rates, and fixed income products. Being able to discuss these topics intelligently will demonstrate your expertise and readiness for the role.