At a Glance
- Tasks: Support business finance and product control for Global Financial Markets in a dynamic environment.
- Company: Join DBS, a leading financial services group with a strong presence in London.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a team that drives strategic insights and enhances financial performance.
- 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.
Business Finance and Product Control employer: DBS Bank
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 already working in Business Finance and Product Control roles. Attend industry events or join relevant online forums to gain insights and potentially get referrals that could boost your application.
✨Tip Number 3
Brush up on your data visualisation skills, especially 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. Be ready to provide 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, like data visualisation software.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in this role at DBS London. Mention your 10 years of experience and how it aligns with the responsibilities outlined in the job description.
Showcase Your Analytical Skills: Provide examples in your application that demonstrate your data mining and analytics skills. Discuss any past projects where you improved controls or streamlined workflows, as these are key aspects of the role.
Highlight Communication Skills: Since strong communication and interpersonal skills are essential, include instances where you've successfully managed stakeholders or collaborated with teams. This will show your ability to work effectively within the organisation.
How to prepare for a job interview at DBS Bank
✨Know Your Numbers
Make sure you are well-versed in financial metrics and key performance indicators relevant to the role. Be prepared to discuss how you would analyse financial performance and provide insights based on data.
✨Understand Treasury Products
Familiarise yourself with various Treasury products such as foreign exchange, interest rates, and fixed income. Being able to speak confidently about these products will demonstrate your expertise and suitability for the role.
✨Showcase Your Analytical Skills
Be ready to discuss your experience with data visualisation tools like Qlikview or Tableau. Highlight specific instances where you've used analytics to drive business decisions or improve processes.
✨Prepare for Stakeholder Management Questions
Expect questions about how you manage relationships with different stakeholders. Think of examples where you've successfully communicated complex financial information to non-financial colleagues.