Senior Vice President – Markets Financial Reporting Risk Analyst – Books and Records Oversight

Senior Vice President – Markets Financial Reporting Risk Analyst – Books and Records Oversight

Requirements

• Solid accounting and financial background
• Good understanding of operational processes
• 10+ years relevant experience
• Industry expertise in financial accounting and the operational aspects of books and records management and account management
• Experience as finance professional / background / degree and working experience in Technology creating products set up, UAT working with Finance / Market Ops people and understanding of products
• Strong Leadership skills
• Excellent Communications skills verbal & written
• Active listening skills

Responsibilities

• Work with line Operations teams to ensure all the correct metrics and controls are in place, with regular reviews to ensure monitoring remains relevant and effective
• Work with Finance colleagues to ensure that balance sheet substantiation is complete and that controls are designed effectively
• Foster a good understanding of accounting practices/processes within the wider Markets Ops team
• Partner closely with Business partners and Transformation teams on new initiatives/projects to ensure that financial controls are robustly considered and implemented
• Oversee and co-ordinate all account owner activity across Markets Operations
• Understand and maintain Operations chart of accounts
• Set a framework to ensure consistent roles and responsibilities for all Markets Ops staff as it pertains to how we control our account population and reconciliations requirements
• Work with Markets Ops global functional managers to understand reasons for exceptions and breaks, ensuring issues are escalated timely, fixed at the root cause and look across for similar themes
• Ensure well defined and documented processes are in place for reserve calculations across Markets Operations
• Identify opportunities to reduce aged exceptions to reduce reserves
• Review account ownership to ensure that the proofing processes are standard in their application and where relevant centralize these processes to drive efficiencies
• Work with Finance and Operations Risk & Control to ensure Markets Operations are compliant with relevant policies and standards
• Partner with Balance Sheet Control and risk reporting to support accurate and timely exceptions reporting
• Work with Front office to ensure upstream data and processes are understood and robust so as to prevent downstream issues from occurring
• Work with counterparts across the Centralized Operations team to promote consistency and common standards
• Work with Technology and internal partners to build a standard mechanism to accrue for and then pay/receive interest between internal desks/accounts across all products in Markets
• Implement best practices to ensure reconciliations are correctly designed and compliant with relevant standards and controls
• Promote development and retention of account and reconciliation SME’s across the group
• Strengthen issue management processes, ensure emerging risks are correctly escalated with the appropriate level of urgency
• Lead and oversee Markets Operations’ involvement in firm-wide programs related to accounting and book and records matters

Preferred Qualifications

• Master’s degree preferred