The Vacancy
At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity and promote inclusivity. Vacancies are available on a part-time, job-share or full-time basis because we know the best person for the job isn’t always available full-time. Our aim is to facilitate requests wherever possible and managers will consider requests on an individual basis.
Join the Close Brothers Finance Team where you will be responsible for deputising the Head of Product Control & Hedge Accounting as required, providing part-time cover for product control, and closely collaborating with the hedge accountant.
Working as part of the Finance team our ideal team member will have previous experience in collaborating with and influencing others (including senior stakeholders) across functional and geographic boundaries with excellent commitment to meeting deadlines.
RESPONSIBILITIES
- Act as the point of contact for senior management, auditors, and other stakeholders, representing the department in meetings and discussions as needed.
- Assist in managing and delivering projects related to product control and hedge accounting, ensuring alignment with the bank’s strategic objectives.
- Monitor and validate the valuation of Treasury front office positions, ensuring they are correctly reflected in the financial statements. Assist in the assessment of market risks and their impact on P&L, report risk limits and elevate breaches.
- Support the month-end and quarter-end close processes, including the preparation of financial reports, Regulatory reports, variance analysis, and commentary on key drivers.
- Assist the hedge accountant in maintaining accurate hedge documentation, ensuring compliance with IAS 39/IFRS 9 or equivalent standards.
- Support the preparation and execution of hedge effectiveness testing, including quantitative assessments and analysis.
Developing Our People
as a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching. You will encourage your team to take responsibility for their own personal development and provide support through regular feedback.
WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/CAN:
- Accounting qualifications
- Understanding of Hedge Accounting under IAS39 and IFRS9
- A comprehensive knowledge of financial instruments – mechanics of their operation, complex valuation calculations and in what situations these will be used – ideally practical rather than only theoretical
- Prioritise and deal with a wide range of business as usual and development activities at the same time.
- Take ownership for resolving issues with minimal managers input – elevate issues, break-down and suggest solutions to complex problems using logic and sound reasoning
- A desire to find and implement improvements.
- Be a self-starter and able to run with projects independently.
IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE/ARE:
- Extended industry experience in the application of Hedge Accounting
- Experience with SAP general ledger
- Experience with Bloomberg
- Experience with FIS Treasury management system
ABOUT US
At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.
Close Brothers is a leading UK merchant banking group providing lending, deposit taking and securities trading. We employ approximately 3,000 people, principally in the United Kingdom and Ireland. Close Brothers Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250.
THE BENEFITS
- Private medical
- Discounted health checks
- Stakeholder pension contribution
- Cycle to work scheme
- Gym discounts
- Purchase additional holiday
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