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Equities Swaps Business Finance and Control Associate - NYC

In United States

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Equities Swaps Business Finance and Control Associate - NYC   

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JOB TITLE:

Equities Swaps Business Finance and Control Associate - NYC

JOB TYPE:

JOB SKILLS:

JOB LOCATION:

New York, NY United States

JOB DESCRIPTION:

Client commitment to Diversity and Inclusion statement

We're a culture that:

• Believes in responsible growth and has a proven dedication to supporting the communities we serve.
• Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
• Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
• Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.

Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results

Team/Overview:

The US Prime Financing finance team in New York primarily supports the Prime Brokerage business. This business serves our hedge fund and market-making clients by offering a centralized securities clearing facility, optimal collateral/margin requirements and 'one-stop shop' for all trading needs.

With demonstrated success, you'll have the opportunity to advance in the BFC Product Role, with opportunities available at the Sr. Associate, Lead, and Sr. Lead level, to promote career advancement within the GBAM Finance organization.

 

You will be expected to work within the Equities finance team as well as the broader Client CFO teams in the US and in the regions as well as collaborate with the desk and other business partners. The key functions of this role is to review and communicate financial metrics such as daily P&L and balance sheet analysis, ensure financial controls and sign offs of the legal books and regulatory reports, and to be the main point of contact for further analysis such as forecast, stress testing, audit, etc. There is a focus on working with the desk to deliver solutions in line with the long term strategic goals of the bank. An emphasis will be placed on finance and accounting knowledge as it relates to the financial services industry. More detailed characteristics you will be expected to display are described below.

 

Responsibilities include:

Daily P&L & Balance Sheet – Core Finance Function

  • Production and/or review of official daily P&L explain
  • Preparation of daily P&L commentary and substantiation to market events. Monthly & quarterly revenue commentary.
  • Review of material new deals.
  • Review of changes to daily balance sheet & substantiation to transactional activity.
  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
  • Month end close, including Financial Disclosures
  • Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
  • Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.

Planning & Reporting

  • Participation in the formulation of business strategy; plans; budgets; and forecasts.

Provide regular updates, analytics and commentary on Line of Business performance

 

Required skills include:

  • BS/BA Degree required (Finance, Accounting preferred)
  • 5+ years of professional work experience within the financial services industry
  • Control focus, strong financial analytics experience, comfortable with complex products
  • Strong communication and presentation skills
  • Proven business partnering skills
  • Advanced experience skills with Excel and complex spreadsheet

Candidates must have the ability and willingness to continuously learn on the job, technical fluency, with ability to learn new systems quickly, ability to problem-solve and take ownership of process improvements, the ability to work in a fast paced environment.

Position Details

POSTED:

Dec 03, 2022

EMPLOYMENT:

INDUSTRY:

SNAPRECRUIT ID:

S16577568733057284

LOCATION:

United States

CITY:

New York, NY

Job Origin:

OORWIN_ORGANIC_FEED

A job sourcing event
In Dallas Fort Worth
Aug 19, 2017 9am-6pm
All job seekers welcome!

Equities Swaps Business Finance and Control Associate - NYC    Apply

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Client commitment to Diversity and Inclusion statement

We're a culture that:

• Believes in responsible growth and has a proven dedication to supporting the communities we serve.
• Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
• Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
• Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Banking and Markets Finance strives to be a valued business partner to the company's trading, corporate and institutional banking businesses. Our first priority is to operate a series of key control processes to ensure the integrity of GBAM's financial results. Then we build on these activities to offer performance insight to business leaders. The assets of Finance are its people.

Business Finance Officers/Control (BFO/BFC) Partners directly with our Front Office LOBs providing strategic guidance and insight; Performs the product control function to ensure the integrity of our financial results

Team/Overview:

The US Prime Financing finance team in New York primarily supports the Prime Brokerage business. This business serves our hedge fund and market-making clients by offering a centralized securities clearing facility, optimal collateral/margin requirements and 'one-stop shop' for all trading needs.

With demonstrated success, you'll have the opportunity to advance in the BFC Product Role, with opportunities available at the Sr. Associate, Lead, and Sr. Lead level, to promote career advancement within the GBAM Finance organization.

 

You will be expected to work within the Equities finance team as well as the broader Client CFO teams in the US and in the regions as well as collaborate with the desk and other business partners. The key functions of this role is to review and communicate financial metrics such as daily P&L and balance sheet analysis, ensure financial controls and sign offs of the legal books and regulatory reports, and to be the main point of contact for further analysis such as forecast, stress testing, audit, etc. There is a focus on working with the desk to deliver solutions in line with the long term strategic goals of the bank. An emphasis will be placed on finance and accounting knowledge as it relates to the financial services industry. More detailed characteristics you will be expected to display are described below.

 

Responsibilities include:

Daily P&L & Balance Sheet – Core Finance Function

  • Production and/or review of official daily P&L explain
  • Preparation of daily P&L commentary and substantiation to market events. Monthly & quarterly revenue commentary.
  • Review of material new deals.
  • Review of changes to daily balance sheet & substantiation to transactional activity.
  • Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
  • Month end close, including Financial Disclosures
  • Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
  • Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.

Planning & Reporting

  • Participation in the formulation of business strategy; plans; budgets; and forecasts.

Provide regular updates, analytics and commentary on Line of Business performance

 

Required skills include:

  • BS/BA Degree required (Finance, Accounting preferred)
  • 5+ years of professional work experience within the financial services industry
  • Control focus, strong financial analytics experience, comfortable with complex products
  • Strong communication and presentation skills
  • Proven business partnering skills
  • Advanced experience skills with Excel and complex spreadsheet

Candidates must have the ability and willingness to continuously learn on the job, technical fluency, with ability to learn new systems quickly, ability to problem-solve and take ownership of process improvements, the ability to work in a fast paced environment.


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