Crown Agents Bank is a vastly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world, using FX and payments technology. We are transforming the way payments and FX move through emerging markets, reducing friction so that more money gets to those who need it. Emerging markets payments are usually challenging, expensive, unreliable and opaque. Our solutions help fix these pain points. Ultimately, we connect traditionally hard-to-reach regions to global financial infrastructure, giving access to the best prices and the fastest, most reliable settlement.
FX and cross-border payments are often complex and expensive, especially when operating in emerging markets. Crown Agents Bank (CAB) wraps its deep and trusted relationships and strength of network around innovative digital capabilities, and cross-border transaction banking solutions to enable fintech, corporates, governments, development organisations and banks to move money to, from, and across often hard-to-reach markets.
Job Description
Scrutiny and review of Financial Markets Activity through the production and analysis of daily revenue numbers.
Responsible for ensuring there is a robust control environment across the Bank's Financial Markets activities.
Collaborate across the Bank's business areas to resolve issues and support business change.
Responsible for ensuring that CAB’s books and records are accurate and complete at the end of reporting periods.
Reporting:
- Production of Daily CAB revenue numbers and associated P&L decomposition, covering FX Business, NII, Trade Finance and Payments.
- Responsible for production and reconciliation of month-end revenue numbers.
- Supporting production of monthly Management Reporting pack delivered to Board.
- Maintain close liaison with Front Office trading desks to ensure sign-off on reported numbers.
Accounting:
- Ensure that the Books and Records at the end of reporting periods accurately reflect the firm’s numbers, in accordance with IFRS.
- Daily /Month End/ Year End Analytical Review and commentary.
- Completion of EIR calculations for the Bank’s Bond portfolio.
- Review of Trade Finance trade flows and associated revenue.
- Support month-end Balance Sheet substantiation and attestations tasks.
- Support the half and full year audit process – responding to external auditor requests for information.
- Weekly FX exposure reporting and reconciliation of front office risk reports to the General Ledger.
- Responsible for monitoring of FOBO reconciliations and associated impacts on FX positions.
- Support the calculation and booking of IPV processes on a quarterly basis.
- Responsible for ensuring that CAB’s FX exposures are correctly reflected in Front Office position reports.
- Identify areas to reduce the variance between front office FX P&L estimate and actual ledger reported P&L numbers.
- Look to automate daily and monthly reporting processes to allow time to focus on value add and business change.
- Support planned New Product implementation initiatives such as Forfaiting, FX Forwards, FRNs and repos - defining Business requirements and systems/UAT testing plans for Product Control.
- Ensure that the accounting records for CAB Europe are accurate and complete.
- Build improvements in P&L decomposition.
Process Documentation:
- Update and enhance existing process notes and control documentation as required.
Qualifications
- Degree level, ideally in numerical subject or information systems.
- Qualified Accountant with work experience within financial services, ideally with 3-5 years exposure to Product Control.
- Practical understanding and Exposure to FX and Fixed Income Markets.
Additional Information
- Contributory personal pension plan: - Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
- Life Assurance – 4 times annual salary.
- Group Income Protection.
- Private Medical Insurance – this may include cover for partner and or children at company cost. Cover includes Optical, Dental and Audiology.
#J-18808-Ljbffr