Senior Controls Analyst

21 Oct 2019
28 Oct 2019
Contract Type
Full Time

Senior Controls Analyst

6 months


My high profile banking client are currently recruiting for an Senior Controls Analyst to join their team based in London on an initial 6 month contract position.

Department: Group Operations

The role is for a front to back process specialist to work within the Entity Oversight & Control team within Group Operations.

Job Description:

The primary focus is to support the delivery of the Legal Entity restructuring programme and the associated development, implementation and management of new controls which are required to support the deployment of the new front to back (F2B) processing platform.

The Entity Oversight and Control team in London sits within the Settlements & Cash Management Function. The team consists of SMEs with specialist knowledge of the front to back process across all asset classes.

The team supports a number of control focused tasks in relation to their function.

This includes but is not limited to

. Performing risk assessments in targeted areas to provide functional & regional heads with a secondary means of reporting and escalation;

. Ownership of General Ledger accounts and balance substantiation as part of the month end process;

. Control model definition to support delivery of key regulatory programmes; oversight & ownership of new controls as relevant.

. Support the delivery of the new control framework implementation

. Assist definition of the target operating model (TOM) for the new F2B control model frameworks within Operations, with a specific focus on the front to back expected cash control process (ECIC)

. Deep dive, understand & reduce the additional unexplained breaks in ECIC and FOBO reconciliations so breaks can be explained through key controls on a daily basis. Liaise with the relevant IT teams to schedule any fixes to the systems to avoid the breaks occurring again. Track issues through to completion.

. Understand and determine month end accounting adjustments that may be required

. Ensure all new procedures and processes that are defined throughout the process are understood, documented, and clearly communicated in an effective handover to a BAU process

. Attend cross-functional stakeholder meetings & communicate updates regarding current break status

. Deliver written status updates to key stakeholders in relation to the new control model

. The team interacts with partners across IT, Operations and Finance on a daily basis to ensure delivery of core tasks.

Essentials Skills and Qualifications:

1. Ability to quickly learn & understand detailed front to back processes & systems (including associated nuances)

2. Strong analytical skills

3. Experience of investigating complex issues to determine root cause + ability to define & oversee implementation of solutions to mitigate risks

4. Excellent communication skills (both in written & oral form)

5. MS Office (in particular, excel & Powerpoint). Note: candidate will need to manually compile & analyse data until automated solutions defined and implemented into production.

6. Cash Securities/Accounting knowledge desirable but not essential.

7. Excellent knowledge and experience with settlements, Trade, General ledgers or Cash management 

Only suitable candidates need apply. If you have not received a response within a 48 hour period, please assume that you have been unsuccessful on this occasion.

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