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- 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.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for personal development.
- Why this job: Make an impact in finance while developing your skills in a supportive environment.
- Qualifications: Accounting qualifications and understanding of Hedge Accounting are essential.
- Other info: Flexible working options available to suit your lifestyle.
The predicted salary is between 36000 - 60000 £ 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 escalate 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.
Requirements- 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 - escalate 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
We are committed to providing an inclusive and accessible recruitment process. We recognise that candidates may have specific needs that require adjustments to ensure they have a fair and equal opportunity to demonstrate their skills and abilities. Candidates who require the job description or application form in an alternative format, or any other adjustments, are encouraged to email us at recruit.ssc@closebrothers.com or request a call back.
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.
Finance Manager - Product Control employer: Close Brothers
Contact Detail:
Close Brothers Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Manager - Product Control
✨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 open doors and give you insider info on the role.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of hedge accounting and financial instruments. We want to see your expertise shine, so be ready to discuss real-world applications and your problem-solving skills.
✨Tip Number 3
Show off your collaborative spirit! During interviews, share examples of how you've influenced stakeholders and worked across teams. We love candidates who can bring people together to achieve common goals.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Close Brothers family.
We think you need these skills to ace Finance Manager - Product Control
Some tips for your application 🫡
Be Yourself: When you're writing your application, let your personality shine through! We want to see the real you, so don’t be afraid to share your unique experiences and perspectives.
Tailor Your Application: Make sure to customise your application for the Finance Manager role. Highlight your relevant experience in product control and hedge accounting, and show us how you can contribute to our team.
Showcase Your Skills: Don’t just list your qualifications; demonstrate how your skills align with the job requirements. Use specific examples to illustrate your expertise in financial instruments and project management.
Apply Through Our Website: We encourage you to apply directly through our careers page. It’s the best way to ensure your application gets to us quickly and efficiently, plus you’ll find all the info you need about the role!
How to prepare for a job interview at Close Brothers
✨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 will show that you’re not just familiar with the theory but can also implement it practically.
✨Showcase Your Stakeholder Skills
You'll be acting as a point of contact for senior management and other stakeholders. Prepare examples of how you've successfully collaborated with different teams or influenced decisions in past roles. Highlighting your ability to communicate effectively across functional boundaries will set you apart.
✨Project Management Prowess
Since you'll be managing projects related to product control, come prepared with specific examples of projects you've led or contributed to. Discuss how you ensured alignment with strategic objectives and met deadlines. This will demonstrate your capability to handle the responsibilities of the role.
✨Be Ready for Technical Questions
Expect questions about complex valuation calculations and market risk assessments. Brush up on your technical knowledge and be prepared to explain your thought process when tackling these issues. Showing that you can break down complex problems and suggest logical solutions will impress your interviewers.
