The Markets business consists of foreign exchange and derivative trading in accordance with dynamic trading and risk management strategies. Strategies are constantly adapting in an evolutionary regulatory environment and the Markets Controllers team has to adapt with the changes to facilitate provide accurate accounting and reporting results. Coverage includes foreign exchange, interest rate derivatives, equity derivatives and credit derivatives.
The role will interact with numerous internal business partners across the US, EMEA, and APAC regions. Examples of those functional area business partners are:
Front Office Trading
Middle Office Trade Support
Technology
Market Risk
Quantitative Analytics
Internal and External Audit
Key responsibilities include the following:
The Accounting Specialist is a key component of meeting the challenges to ensure our business partners are able to execute the trading and risk management strategies across the Markets business. Here’s how the Accounting Specialist role will make a vital impact:
Prepare and distribute daily trading revenue and P&L analysis reports to senior management
Prepare risk-based attribution reports explaining market and trading impacts
Prepare trade details to subledger and general ledger accounting results
Maintain accounting controls and process documentation across numerous systems and legal entities for both external transactions and internal affiliated transactions
Conduct balance sheet variance analysis
Prepare independent price validation testing (daily/monthly/quarterly)
Prepare accounting adjustment entries through PeopleSoft general ledger
Assist in quarterly financial statement submissions in compliance with GAAP accounting
Implement accounting system implementations and updates to improve efficiency, automation, and strengthen controls.
Provide support to internal and external auditors and assist in regulatory submissions
May provide presentations, information and/or recommendations to senior management, the internal board of directors and regulators, as needed.
Other activities as assigned
A successful candidate should ideally have these qualifications:
Bachelor's degree in finance, accounting, or equivalent combination of education and experience
5-10 years of total work experience in accounting or finance with financial services experience preferred
MBA, CFA, or CPA/CA/local area equivalent certification preferred.
Advanced Excel Skills – Pivot tables, complex formulas, VBA macros
Experience with accounting applications such as Oracle Financials, Wall Street Systems, IMMS, Summit, Murex, Bloomberg and Intrader is preferred
Knowledge of Volcker and Basel regulatory requirements preferred
Minimum Language Skills: Strong written and oral communication skills in English
Reference : Specialist, Accounting jobs
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