At a Glance
- Tasks: Lead product control projects and collaborate with senior management and stakeholders.
- Company: Join Close Brothers, a leading UK merchant banking group that values diversity and inclusivity.
- Benefits: Enjoy private medical care, gym discounts, and a flexible hybrid working environment.
- Why this job: Make an impact in finance while developing your skills in a supportive team.
- Qualifications: Accounting qualifications and understanding of Hedge Accounting are essential.
- Other info: Great career growth opportunities in a dynamic and collaborative workplace.
The predicted salary is between 36000 - 60000 Β£ per year.
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don't tick every box. We celebrate diversity and promote inclusivity. Vacancies are available on a part-time, job-share or full-time basis because we know the best person for the job isn't always available full-time. Our aim is to facilitate requests wherever possible and managers will consider requests on an individual basis.
Join the Close Brothers Finance Team where you will be responsible for deputising the Head of Product Control & Hedge Accounting as required, providing part-time cover for product control, and closely collaborating with the hedge accountant. Working as part of the Finance team our ideal team member will have previous experience in collaborating with and influencing others (including senior stakeholders) across functional and geographic boundaries with excellent commitment to meeting deadlines.
RESPONSIBILITIES- Act as the point of contact for senior management, auditors, and other stakeholders, representing the department in meetings and discussions as needed.
- Assist in managing and delivering projects related to product control and hedge accounting, ensuring alignment with the bank's strategic objectives.
- Monitor and validate the valuation of Treasury front office positions, ensuring they are correctly reflected in the financial statements.
- Assist in the assessment of market risks and their impact on P&L, report risk limits and elevate breaches.
- Support the month-end and quarter-end close processes, including the preparation of financial reports, Regulatory reports, variance analysis, and commentary on key drivers.
- Assist the hedge accountant in maintaining accurate hedge documentation, ensuring compliance with IAS 39/IFRS 9 or equivalent standards.
- Support the preparation and execution of hedge effectiveness testing, including quantitative assessments and analysis.
As a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching. You will encourage your team to take responsibility for their own personal development and provide support through regular feedback.
WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/CAN:- Accounting qualifications
- Understanding of Hedge Accounting under IAS39 and IFRS9
- A comprehensive knowledge of financial instruments - mechanics of their operation, complex valuation calculations and in what situations these will be used - ideally practical rather than only theoretical
- Prioritise and deal with a wide range of business as usual and development activities at the same time.
- Take ownership for resolving issues with minimal managers input - elevate issues, break-down and suggest solutions to complex problems using logic and sound reasoning
- A desire to find and implement improvements.
- Be a self-starter and able to run with projects independently.
- Extended industry experience in the application of Hedge Accounting
- Experience with SAP general ledger
- Experience with Bloomberg
- Experience with FIS Treasury management system
At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working. Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.
THE BENEFITS- Private medical
- Discounted health checks
- Stakeholder pension contribution
- Cycle to work scheme
- Gym discounts
- Purchase additional holiday
Finance Manager - Product Control employer: Close Brothers Group
Contact Detail:
Close Brothers Group Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Finance Manager - Product Control
β¨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work at Close Brothers or similar firms. A friendly chat can sometimes lead to opportunities that arenβt even advertised!
β¨Tip Number 2
Prepare for interviews by researching the company culture and values. Close Brothers values diversity and inclusivity, so be ready to share how your unique background and experiences can contribute to their team.
β¨Tip Number 3
Showcase your skills in hedge accounting and financial instruments during interviews. Be specific about your past experiences and how they align with the responsibilities of the Finance Manager role.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, it shows youβre genuinely interested in joining the Close Brothers team.
We think you need these skills to ace Finance Manager - Product Control
Some tips for your application π«‘
Show Your Unique Background: At StudySmarter, we love diversity! Donβt worry if you donβt tick every box in the job description. Highlight your unique experiences and how they can bring value to the Finance team at Close Brothers.
Tailor Your Application: Make sure to customise your CV and cover letter for the Finance Manager role. Use keywords from the job description to show that you understand what theyβre looking for and how you fit into their vision.
Be Clear and Concise: When writing your application, keep it straightforward. We appreciate clarity, so make sure your points are easy to read and get straight to the heart of your experience and skills relevant to product control and hedge accounting.
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures youβre considered for the role. Plus, it shows youβre keen on joining our team!
How to prepare for a job interview at Close Brothers Group
β¨Know Your Numbers
As a Finance Manager, you'll need to demonstrate your understanding of financial instruments and hedge accounting. Brush up on IAS 39 and IFRS 9 standards, and be ready to discuss how you've applied these in previous roles. This shows youβre not just familiar with the theory but can also apply it practically.
β¨Showcase Your Collaboration Skills
Since the role involves working closely with senior stakeholders and other teams, prepare examples that highlight your ability to influence and collaborate across different functions. Think of specific projects where youβve successfully navigated complex relationships and delivered results.
β¨Be Ready for Problem-Solving
The job requires taking ownership of issues and suggesting solutions. Prepare to discuss a challenging problem you faced in your previous roles, how you approached it, and what the outcome was. This will demonstrate your logical reasoning and ability to handle pressure.
β¨Emphasise Your Leadership Style
As a line manager, inspiring and motivating your team is key. Be prepared to talk about your leadership style and how you develop your team's performance through coaching. Share examples of how you've encouraged personal development and provided constructive feedback.