The team is responsible for all middle office, financial reporting, valuation oversight as well as all Product control functions for trades and instruments booked and managed on the Murex trading platform by the portfolio managers of the Liability Driven Investments trading desk, which specializes in fixed income and derivative trading.
Requirements
- CA with 5+ year post qualification Experience, (studying towards CFA advantageous)
- 5+ years experience in financial reporting within an investment banking and/or insurance environment.
- Industry related experience, with steadfast resolve and personal integrity
- Ability to diagnose problems quickly and have foresight into potential issues
- Exposure to Innovation, Digitization and Problem solving in a related environment
- Understanding of SQL (SQL Server 2014, SSIS), Microsoft Power Apps (Power Flow, Power BI, Power Query) and Visual Basic advantageous
- Sound knowledge and understanding of Financial reporting including External Audit facilitation and clearance of a fixed income trading desk.
- Sound knowledge and understanding of Financial instruments valuation and reporting including derivatives and fixed income instruments.
- Ability to apply knowledge of International Financial Reporting Standards (IFRS) and risk management principles.
- Good working understanding and knowledge of the Murex Trading platform advantageous.
General
- Execution of and maintenance of key Middle office outputs such as Statutory Reporting, Management Reporting and Trade Desk query resolution.
- Leverage in-depth BSM process understanding to optimise process outputs and manage downstream implications, process interdependencies and process bottlenecks.
- Keeping abreast of current market developments and industry best practices to ensure that MMI reporting meets industry reporting requirements
- Support Middle Office automating initiatives by arranging technical briefings within the team and by documenting current processes and assisting with testing.
- Drive a culture that guides and incorporates best practice, fostering an environment of continuous learning, improvement, and cohesiveness
- To facilitate a well-controlled operating environment to manage operational risk and improve process efficiencies
- Provide expertise and concise recommendations to stakeholders
- Perform day to day investment accounting for the fixed income and derivative investment balance sheet, including but not limited to general ledger preparation, tax calculations, reconciling and confirming intercompany loan balances. and performance of month-end reconciliations.
- Analyse root causes of accounting discrepancies and provide corrective actions.
- Perform portfolio analysis and reporting for critical decision making process.
- Generate routine and ad-hoc reports for front office and other stakeholders.
- Respond to accounting and reporting related inquiries in a timely fashion.
- Prepare quarterly portfolio accounts - (Product level management accounts used for product profitability analysis and as inputs into the actuarial valuation process).
- Prepare annual financial statement disclosures and reporting packs.
- Responsible for the facilitation and clearance of the annual statutory external audits.
- Responsible for preparation of statutory stress test reporting of the balance sheet.
- Responsible for tax related general ledger and downstream reporting to Group tax and other internal stakeholders
- Responsible for the daily reporting and analysis of Profit and Loss (P/L) based on trading activities. This requires extensive liaison with the Trading desks, the Market Risk Management and the operations teams, as well as in depth understanding of fixed income and derivative financial instruments:
- Prepare and deliver the daily P/L attribution to Front Office;
- Performing reconciliations between the daily risk / P/L attribution and source inputs;
- Reconcile the P/L attribution report to the ledger for both Assets and Liabilities;
- Commentary and explanation of all attributable P/L movements, in relation to market data movements and/or cash flows.
- Work in compliance with company policies and procedures.
- Review reports relating to valuations and market data, including investigating and resolving exceptions;
- Review, monitor and resolve any static data errors identified as part of the reportinga and monitoring functions;
- Stay up to date on current market developments and industry best practices;
- Responsible for the creation of all fixed income instruments managed on the Murex trading platform, including the following:
- Loading and maintenance of instrument static data on Murex, including creating new counterparties, instruments and portfolios.
- Assist in resolving trade discrepancies caused from trade failures, breaks, etc.
- Coordinate with front office and other support teams to address trade and system related enquiries and issues.
- Coordinate with Back Office to resolve any pre- and post-trade and settlement issues.
- Creation and maintenance of security static on the trading system;
- Investigating and correcting post settlement issues
- Creating and maintenance of issuers/counterparties
- Coordinate with front office and other support teams to address trade and system related enquiries and issues
- Perform routine and ad-hoc reporting to business units
