At a Glance
- Tasks: Ensure accuracy of financial data and perform reconciliations for Treasury transactions.
- Company: Join Europe Arab Bank, a leading financial institution with a commitment to integrity.
- Benefits: Gain valuable experience in finance with potential for career advancement.
- Why this job: Be the bridge between teams and make a real impact on financial operations.
- Qualifications: Bachelor’s degree in Finance or related field; certifications are a plus.
- Other info: Dynamic role with opportunities for professional growth and skill development.
The predicted salary is between 36000 - 60000 £ per year.
Europe Arab Bank is looking to engage a Product Control Officer on a 12 month fixed term contract. The Product Control Officer is responsible for ensuring the accuracy and integrity of the bank’s financial data by performing end-to-end reconciliations of Treasury transactions. This role acts as a bridge between the Treasury Front Office and Back Office operations, ensuring all products are properly booked, valued, and reported in compliance with internal policies and regulatory requirements.
Key Responsibilities
- Perform daily, monthly, and ad-hoc reconciliations between Treasury Front Office trade systems and Back Office/Finance systems.
- Investigate and resolve breaks or discrepancies identified during reconciliations; escalate unresolved items in a timely fashion.
- Ensure all Treasury products (e.g., FX, Money Market, Derivatives, Fixed Income) are accurately captured and reflected in the bank’s records.
- Work closely with Front Office, Back Office, and IT teams to resolve booking issues or system mismatches.
- Support the month-end closing process, including P&L and balance sheet substantiation for Treasury products.
- Assist with internal and external audits by providing necessary documentation and explanations.
- Participate in systems upgrades, user acceptance testing, and process improvements related to Treasury product control.
- Document processes to provide comprehensive standard operating procedures for all key controls.
- Ensure compliance with internal controls, policies, and regulatory requirements.
Education Requirements
- Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
- Professional certifications (e.g., CA, CFA, ACCA) are an advantage.
Required Skills & Competencies
- Strong understanding of the front to back process for Treasury products and their full accounting treatment throughout their lifecycle.
- Solid accounting and financial analysis skills.
- Experience with reconciliations and investigation of breaks in financial transactions.
- High degree of IT literacy. Proficiency in MS Excel and Power BI and experience with Treasury systems (e.g., K+, Murex, Calypso, or similar) is preferred.
- Strong attention to detail and ability to work under pressure with tight deadlines.
- Excellent communication and interpersonal skills for effective collaboration across departments.
- Analytical mindset with demonstrable problem-solving abilities.
- High ethical standards and commitment to maintaining data confidentiality.
Product Control Officer in City of London employer: Europe Arab Bank
Contact Detail:
Europe Arab Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Control Officer in City of London
✨Tip Number 1
Network like a pro! Reach out to people in the finance and banking sectors, especially those who work with Treasury products. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Treasury products and their accounting treatments. We recommend practising common interview questions and scenarios related to reconciliations and financial analysis.
✨Tip Number 3
Showcase your tech skills! Make sure you’re comfortable with tools like MS Excel and Power BI. If you’ve worked with Treasury systems before, be ready to discuss your experience and how it can benefit the role.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Product Control Officer in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Product Control Officer role. Highlight your experience with Treasury products and reconciliations, as well as any relevant certifications. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you the perfect fit. Don’t forget to mention your analytical mindset and attention to detail – we love that!
Showcase Your Technical Skills: Since this role requires a high degree of IT literacy, make sure to highlight your proficiency in MS Excel, Power BI, and any Treasury systems you've worked with. We’re keen on seeing how tech-savvy you are, so don’t hold back!
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be one step closer to joining our team at Europe Arab Bank. Let’s get your application in!
How to prepare for a job interview at Europe Arab Bank
✨Know Your Numbers
Brush up on your financial data skills! Since the role involves ensuring the accuracy of financial data, be prepared to discuss your experience with reconciliations and how you've handled discrepancies in the past. Use specific examples to showcase your analytical mindset.
✨Understand Treasury Products
Familiarise yourself with the different Treasury products mentioned in the job description, like FX, Money Market, and Derivatives. Being able to speak confidently about these products and their accounting treatment will show that you’re serious about the role and understand its complexities.
✨Showcase Your IT Skills
Since a high degree of IT literacy is required, make sure you highlight your proficiency in MS Excel and any experience with Treasury systems like K+, Murex, or Calypso. Prepare to discuss how you've used these tools in previous roles to solve problems or improve processes.
✨Communicate Effectively
This role requires collaboration across departments, so practice your communication skills. Be ready to explain how you've worked with different teams in the past, especially in resolving booking issues or during audits. Clear communication can set you apart from other candidates!