PRIME PURPOSE OF THIS ROLE:

The position is within the Financial Reporting team situated in London, reporting directly to the Head of Finance  The primary purpose of the role is to manage the Finance control function, including the implementation and co-ordination of the Balance Sheet Substantiation Programme and monthly control reporting to Operational Risk for the Finance department as a whole.
Implementation of a robust Balance Sheet Substantiation process is Finance’s key project for 2009. This is therefore a high profile role that requires the candidate to be able to communicate and influence effectively across all levels and departments within the bank

MAIN RESPONSIBILITIES:

Balance Sheet Substantiation Programme:
• Co-ordination of the month end balance sheet substantiation process
• Consolidated reporting to the monthly Finance Governance Committee regarding overall balance sheet reconciliation status
• Working with Business Unit Heads in the Operations, FRM and HR departments to implement and track action plans relating to unreconciled accounts or reconciliation exceptions
• Process improvement: automation of the reconciliation sign off process and account ownership matrix
• Roll out of the Balance Sheet Reconciliation Policy to other CIB entities within the International business unit
• Account owner for specific central Finance related control accounts
• Secretariat to monthly Finance Governance Committee meeting

Operational Risk Reporting:
• Primary contact for Operational Risk department regarding impact of material incidents on the Finance Department
• Preparation of month end control reporting to Operational Risk:
• Central ‘control hub’ reporting for the Finance department
• Preparation of balance sheet reconciliation Key Risk Indicator reporting
• Update and review of Finance’s ‘Mission Critical Processes’ control documentation

• ACA qualified accountant (or equivalent)
Worked in Finance Department in a Core Finance role, preferably in an Investment bank.
Strong Excel
Use of key financial systems (use of SAP would be an advantage).
Ability to work independently as well as part of a team

Knowledge:
Specialist Skill – Acquires and develops the specialist and technical knowledge and skill to perform the role on an ongoing basis within the changing environment of the Bank.
Business Knowledge and Contribution – Understands the broader business environment in which they work from an industry, organisation, Business Unit and role perspective.
Risk Management - Identifies and manages risk within their area/s of influence and uses, develops and implements risk measurement and management systems, processes and policies within the business