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CIB F&BM North America TS Product Controller – Associate

Req #: 180036303
Location: Brooklyn, NY, US
Job Category: Accounting/Finance/Audit/Risk
Job Description:

Business and Role Description

 

Treasury Services is part of the product suite in the Corporate and Investment Bank (CIB) line-of-business.  Treasury Services (TS) is one of the world's largest providers of cash management services and a top-rank, full-service provider of innovative payment, collection, liquidity management, escrow, FX and information solutions. Clients include corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide.

 

Liquidity Solutions offers clients leading cash and short-term investment solutions to support the TS, Investor Services, Commercial Bank, and Asset Management organizations.  

 

The North America Liquidity Solutions Product Controller is responsible for providing business advisory and accounting support, control oversight and integrity of the financial statements, and transaction end-to-end control in support of the business.  The role will oversee the financial reporting of the North America TS balance sheet including $265bn in Deposits and over $1bn of annual revenue, and focus on strategically offering liquidity products, reviewing pricing, product development, technological improvement and financial alignment.  The role includes significant involvement with several CIB and Corporate groups across the firm including Product Management, Financial Controllers, FIRCs, Sales, other LOB Finance teams (both within CIB and other LOB’s), Credit management, Regulatory Reporting and Risk Management, and thus is a unique opportunity for a highly motivated individual to gain broad exposure to numerous teams and products across the firm.

 
Role Description

The Associate role will have responsibility for the following aspects of North America TS Finance, including:

  • Support of the month end close for Liquidity and deposit products to ensure accuracy of the Financials, management-based reporting, and client profitability analyses
  • Prepare financial reporting, perform NII (net interest income) rate/volume analysis and key-drivers analysis schedules in support of submissions to business management, Product managers, CIB / Corporate Treasury, and P&A
  • Understanding all aspects of the liquidity forecast vs. actual P&L; quickly escalating and resolving discrepancies and provide commentary for significant revenue or expense events to senior management
  • Understand balance sheet and P&L usage, as well as RWA calculations, to validate activity for appropriate classification for corporate and legal entity reporting
  • Validate existing and develop, as needed, new MIS performance analytics and reporting to increase transparency around business performance, client profitability, expense management, etc.
  • Acting as a subject-matter-expert supporting project/product management for various North America TS projects/initiatives
  • Understand US-based and international accounting principles to ensure proper accounting treatment and compliance with external and regulatory reporting requirements
  • Understand and contribute to control frameworks including risk and controls self assessment (RCSA), SOX, and New Business Initiative Approvals, and to ensure accurate financial reporting with sensitivity for product, LOB and legal entity level accuracy
 

  • Qualified accountant with 5+ years’ experience with accounting / controller background in the financial services industry.
  • Strong control focus
  • Experience with Cash Management products desirable
  • Knowledge of CDGL, Paragon, Essbase, FDW, SAP and Business Objects applications is a huge plus
  • Dynamic team player able to adapt to changing environment and multiple demands
  • Good interpersonal, communication and influencing skills
  • Enthusiastic, highly motivated and effective under tight timeframes and pressure
  • Strong organizational and time management skills: able to work on multiple projects with competing deadlines
  • Excellent technical skills in Microsoft Office Suite, including extensive experience of financial presentation
Qualifications:
  • Bachelor degree in Accounting or Bachelor degree in Finance combined with significant experience in a Controller role
  • MBA / CPA a plus

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