AVP, Business Unit Control

JOB SUMMARY – INTRODUCTION

The Global Markets Business Finance team comprises Business Unit Control, Independent Price Verification and Central MI & Change Management teams. The team supports the Global Markets and Group Treasury businesses locally and internationally. The unit falls under the Group Finance department and reports to the CFO.

Key Priorities of this Role

Providing world‑class financial reporting and support services, adding value through independent and objective financial advice that assists in achieving business objectives while complying with Group policies, standards and external statutory obligations.

Production of financial and management‑accounting reporting statements for the functional area of responsibility in line with Group reporting standards, whilst maintaining a robust control environment.

The Business Unit Control team is responsible for accounting and financial reporting of the Global Markets & Treasury business, acting as a primary control function and monitoring trading activity to ensure it is within specified remit.

This role focuses on day‑to‑day tasks related to the International Business Unit Control function such as daily preparation and control of P&L, general ledger reconciliations, variance analysis, explanations, commentaries and MI reporting.

• Follow all relevant departmental policies, processes, standard operating procedures and instructions to ensure work is controlled and consistent.
• Demonstrate compliance with the organisation’s values and ethics at all times to support a value‑driven culture.
• Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices, considering global standards, productivity improvement and cost reduction.
• Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.
• Act as a finance business partner and trusted advisor on reporting and day‑to‑day support of the Global Markets business, providing prompt and effective support to the Global Markets Front Office, Market Risk, Group Treasury, Group Financial Planning & Analysis, Group Financial Reporting and Business Unit Control management.
• Provide comprehensive P&L analysis including detailed analysis and interpretation of daily results, variances, risk positions, realised and unrealised P&L components, revaluation curve movements with P&L attribution, new deals, cancelled and amended trades and price-rate validation.
• Serve as key liaison for sales reporting, playing a vital role between GM Products and Sales, which includes segmental and coverage‑based reporting.
• Act as the primary contact for all Global Markets Front Office related queries, leading discussions with Front Office to ensure P&L analysis is agreed.
• Serve as one of the prime points of contact across all processes to ensure all customer needs are met.
• Provide relevant support to the VP Business Control Unit to ensure all business transacted is compliant, safe and sustainable.

• 3‑5 years of experience in a Product Control Function.
• Experience in developing financial and other MI reporting, automating processes.
• Technical knowledge in pricing and accounting financial products – Fixed Income, MM, FX, IR, Commodities, Equities & Derivatives (Vanilla & Complex).
• Strong understanding of Global Markets and Investment Banking products with related technical and accounting treatments.
• Excellent understanding of modern governance, risk and control assessment techniques.
• Strong financial mathematics (zero, par and forward / forward curves).
• Preferred / Beneficial qualifications: ACA, CFA, MBA in Finance.
• Working knowledge and experience in Murex, SumX, PowerBI, T24 systems is an advantage.