- CME FC Line of Business Controller will work closely with the Central Funding Repo (CFG) business, Product Control and Operations to develop a deep understanding of the underlying business model, products and trading strategies 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.
- Coordinate successful monthly / quarterly / annual period end ledger close for assigned lines of business including analytical review of business specific P&L and Balance Sheet lines with high quality MoM QoQ YoY variance commentaries, and identification and correction of financial reporting errors.
- 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 inventory product lines in support of HO reporting and financial statements disclosures. Liaise with Product Control and Operations teams to investigate, address source system issues, and clear breaks across all B/S lines, including but not limited to Trading inventory, Cash Custodian, Pending Fails etc
- 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 packs.
- Prepare monthly GL account reconciliations including GL attestation and eDR derivatives reporting sign off.
- Complete monthly second level deep dive review of PC and Operations 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.
- Maintain strong SOX controls and perform annul design and operational effectiveness SoX audit testing. Liaise with both internal and external auditors on interim and year end statutory 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.
- Actively support and collaborate on digital data transformation including AI integration, processes streamlining and re-engineering to gain time and control efficiencies.
Required
Qualified ACCA/ACA/CIMA with uundergraduate 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 under IFRS9.
Solid understanding of the control framework.
Strong IT skills, and in particular advanced Excel is essential.
Self-starter, proactive and driven, able to work with minimal management support.
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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