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- Tasks: Join our team to ensure financial integrity and control for the FIC trading desk.
- Company: Randstad Financial & Professional is a leading recruitment agency in the finance sector.
- Benefits: Enjoy a hybrid work model with competitive pay ranging from GBP400 to GBP465 per day.
- Why this job: This role offers hands-on experience in financial control within a dynamic banking environment.
- Qualifications: You need to be ACCA/ACA/CIMA qualified with 3+ years of relevant experience.
- Other info: We're committed to diversity and welcome applicants from all backgrounds.
Line of Business Control – contract
Randstad Financial & Professional London, United Kingdom
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Posted 3 days ago
Hybrid Job Contract GBP400 – GBP465 per day
PRIMARY RESPONSIBILITIES
- To work closely with the Fixed Income & Currencies (FIC) trading desk, Product Control and Operations to develop a deep understanding of the underlying business to ensure appropriate controls and reconciliations are in place that will assure the integrity of the Financial Statements and disclosures and successful period end close.
- Maintain strong control environment by coordinating quarterly risk control self-assessments to evaluate end to end controls within assigned lines of business and production of Risk Dashboard control environment pack, including 2nd level review of monthly Product Control and Operations SOD packs, account attestation and eDR derivatives reporting sign off.
- Coordinate successful month end close for assigned lines of business including analytical review of business specific Revenue and Balance Sheet lines with high quality MoM QoQ YoY variance commentaries for review by Head of LOB and Head of Financial Reporting teams.
- Monitor balances in key control & suspense accounts, sub-ledger to main ledger (REC01) breaks, illogical spot and average Balance Sheet accounts, Revenue misallocation, and work closely with PC and Operations teams to have these resolved within the period end close.
- Perform month end Balance Sheet reconciliations and attestations for key products in support of HO reporting and financial statements disclosures liaising with Product Control and Operations (BCS) teams to investigate and clear breaks under their ownership.
- Complete monthly second level review of PC and Operations (BCS) owned month end Standard of Documentation (SODs) packs. Prepare summarised SOD scorecard for inclusion in Attestation Committee packs.
- Review and arrange intergroup transfer pricing ledger postings, reconciliations, and wire settlements.
- Coordinate preparation of monthly and quarterly Head Office returns, financial statements, regulatory and statutory disclosures impacting the business.
- Review and sign off new business units (transits), trading books and account mappings requests for assigned lines of business within the general ledger and sub-ledgers.
- Assist in preparation of annual financial statements disclosures in accordance with IFRS standards.
- Perform and update SOX controls under FC’s ownership working with both internal and external auditors on interim and year end statutory audit, as well as SoX audit.
- Assist with the new business initiatives (NBC), tactical enhancements and strategic projects within assigned businesses to ensure Financial Control requirements are met that will enable the IFRS compliant accounting. Contribute to the design, development and enhancement of systems, processes and reporting to achieve best practice targets and add value to reporting.
- Assist with production of deep dive packs and training materials working with a line management in identifying training needs (products, processes, systems or accounting), both within Finance teams and other functions, and working towards eliminating these by completing training as required.
Required
- Qualified ACCA/ACA/CIMA with undergraduate degree in quantitative fields.
- At least 3yr PQE with majority of work experience gained in banking and financial services in Financial Control, Product Control or Legal Entity Control role.
- The incumbent should have solid knowledge of the accounting treatment of investment banking products and financial instruments.
- Solid understanding of the control framework.
- Strong IT skills, and in particular advanced Excel is essential.
Randstad Financial & Professional encourage applications from individuals of all ages & backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial & Professional acts as an employment agency for permanent recruitment & an employment business for temporary recruitment as defined by the Conduct of Employment Agencies & Employment Business Regulations 2003.
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Line of Business Control - contract | London, UK | Hybrid employer: Randstad Financial & Professional
Contact Detail:
Randstad Financial & Professional Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Line of Business Control - contract | London, UK | Hybrid
✨Tip Number 1
Make sure to familiarize yourself with the Fixed Income & Currencies (FIC) trading desk operations. Understanding their specific processes and challenges will help you demonstrate your knowledge during interviews.
✨Tip Number 2
Brush up on your knowledge of IFRS standards and the accounting treatment of investment banking products. Being able to discuss these topics confidently can set you apart from other candidates.
✨Tip Number 3
Highlight your experience with month-end close processes and reconciliations in your discussions. Providing examples of how you've successfully managed these tasks in the past will showcase your relevant skills.
✨Tip Number 4
Network with professionals in the financial control space, especially those who have worked in similar roles. They can provide insights and potentially refer you to opportunities within their organizations.
We think you need these skills to ace Line of Business Control - contract | London, UK | Hybrid
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Line of Business Control position. Make sure you understand the primary responsibilities and required qualifications, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in financial control, product control, or legal entity control roles. Be specific about your achievements and how they relate to the responsibilities outlined in the job description.
Showcase Your Qualifications: Clearly state your ACCA/ACA/CIMA qualifications and any relevant undergraduate degree. Mention your PQE and how your background aligns with the requirements of the role, particularly in investment banking products and financial instruments.
Demonstrate IT Skills: Since strong IT skills, especially advanced Excel, are essential for this role, provide examples of how you've used these skills in previous positions. This could include data analysis, reporting, or any relevant projects that showcase your proficiency.
How to prepare for a job interview at Randstad Financial & Professional
✨Understand the Business
Make sure you have a solid grasp of the Fixed Income & Currencies trading desk and how it operates. Familiarize yourself with the key products and financial instruments involved, as well as the control framework that governs them.
✨Showcase Your Technical Skills
Highlight your advanced Excel skills during the interview. Be prepared to discuss how you've used these skills in previous roles, especially in relation to financial reporting and reconciliations.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about past experiences where you had to resolve discrepancies or improve control processes, and be ready to share those examples.
✨Demonstrate Your Knowledge of Regulations
Be prepared to discuss your understanding of IFRS standards and SOX controls. Show that you are up-to-date with regulatory requirements and can apply this knowledge to ensure compliance in financial reporting.
