At a Glance
- Tasks: Monitor and report on financial operations, ensuring compliance with treasury policies.
- Company: Join the iconic luxury brand, Chanel, in a transformative Treasury department.
- Benefits: Gain valuable experience in finance with opportunities for growth and development.
- Why this job: Be part of a dynamic team shaping the future of treasury operations at Chanel.
- Qualifications: Master's in Finance and some experience in an international setting.
- Other info: Collaborative environment focused on innovation and integrity.
The predicted salary is between 36000 - 60000 £ per year.
Within Chanel, Treasury is an integrated department actively contributing to the Group’s business strategy, operations, and growth by optimizing the usage of available liquidities, providing funding solutions, managing financial risks appropriately. Chanel Treasury is in an ambitious Transformation Journey from an organizational and technology perspective. At CHANEL, our values are grounded in creating conditions for people to perform at their best and feel fulfilled and confident in their work.
WHAT IMPACT YOU WILL CREATE AT CHANEL
Reporting to the Head of Middle Office, the Middle Office Junior will be responsible for monitoring, controlling and reporting on the operations of the Financial Markets and Treasury Operations Team for the Global and Regional teams. Ensuring activities are performed in compliance with approved treasury policies & regulations is a key aspect of the role.
KEY RESPONSIBILITIES
- Risk Management: The Middle Office Junior ensures consistency in the booking of our trades (FX, CM, ICL, IRS, Options, Money Markets, etc), and timely confirmation and reporting of these activities (in accordance with regulations in place). Ensure the quality of information that are in the TMS, control of the operations done by Financial Market (Front Office) and Regional/Global Treasury Operations to ensure their alignment with our external partners & guarantee accuracy & completeness of our internal database. Conduct bi-annual user access review (e-banking platforms and Treasury management) following external and internal audit guidelines. Coordinate annual physical signors review, in close collaboration with our Regional Treasury Team.
- Reporting activities: Track globally harmonized KPIs, using automated management reports/dashboards to monitor global alignment of our activities to Policies in place. Build quarterly Cash management costs reporting (on CORE Banks) and identify possible areas for cost reduction.
- Compliance: Stay up to date with external regulations, assess and measure the impact of new regulations for the Company and guarantee strict compliance (EMIR reporting amongst others).
- Others: Point of contact for internal & external audits, the Middle Office Junior will be responsible for providing any information that is in relation to treasury activities’ audit. Additionally, the person will closely monitor the completion of the annual bank account confirmation process. Responsible for Month end accounting process (including trades related entries) in close collaboration with Global accounting team. Point of contact for private investors (private placement programs), in charge of periodic interest payment letters’ provision.
WHAT YOU WILL BRING
- Master in Finance (ideally with an orientation on Treasury & Controls), with a first short term experience/internship in an international corporation.
- Commitment to enforcing compliance to limits and regulations.
- Affinity with technology and dashboarding tools. Knowledge of Power Query (and Power BI) will be considered as a strong asset.
- Fluent English (speaking and writing).
- Collaboration and communication skills.
- Proactive attitude, willingness to learn, and continually improve current processes.
- Demonstrated high integrity and ethics in all activities.
Middle Office Junior in London employer: Chanel
Contact Detail:
Chanel Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Middle Office Junior in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Chanel or similar companies. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by researching common questions for Middle Office roles. Practise your answers, but keep it natural. We want you to sound confident and knowledgeable about the financial markets and treasury operations.
✨Tip Number 3
Show off your tech skills! If you’ve got experience with Power Query or Power BI, make sure to highlight that in conversations. Companies love candidates who can leverage technology to improve processes.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re always on the lookout for proactive candidates who are eager to learn and grow with us.
We think you need these skills to ace Middle Office Junior in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Middle Office Junior role. Highlight any relevant experience in finance, treasury, or compliance, and don’t forget to showcase your tech skills, especially if you’ve worked with tools like Power Query or Power BI.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with Chanel's values. Be sure to mention your proactive attitude and willingness to learn.
Showcase Your Skills: In your application, make sure to highlight your collaboration and communication skills. These are key for the Middle Office Junior position, so give examples of how you've successfully worked in teams or communicated complex information in the past.
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and you’ll be able to keep track of your application status directly!
How to prepare for a job interview at Chanel
✨Know Your Treasury Basics
Make sure you brush up on your knowledge of treasury operations and financial markets. Understand the key concepts like FX, CM, ICL, and IRS, as well as the importance of compliance with regulations. This will show that you're not just interested in the role but also have a solid foundation to build upon.
✨Showcase Your Analytical Skills
Since the role involves monitoring KPIs and using dashboarding tools, be prepared to discuss any relevant experience you have with data analysis or reporting. If you've worked with Power Query or Power BI, highlight this during the interview. It’s a great way to demonstrate your technical affinity and problem-solving skills.
✨Emphasise Your Proactive Attitude
Chanel values a proactive approach, so come ready with examples of how you've taken initiative in past roles or projects. Whether it was improving a process or learning a new tool, showing that you’re willing to go the extra mile will resonate well with the interviewers.
✨Prepare Questions About Compliance
Since compliance is a key aspect of the Middle Office Junior role, prepare thoughtful questions about how Chanel ensures adherence to regulations. This shows your understanding of the importance of compliance and your genuine interest in the company's operations.