This job description is intended to describe the general requirements for the position. It is not a complete statement of duties, responsibilities or requirements of the role. Other duties not listed here may be assigned as necessary to ensure the proper operations of the department and the business.
Join us as a Product Control Associate
Join a team that is accountable for ensuring the accuracy and reliability of the daily P&L.
You’ll be delivering an accurate understanding of the financial position, including key business drivers for material movements.
You’ll be accountable for closing and maintaining the integrity of the ledger.
Gain valuable experience and hone your expertise as you advance your career in this challenging role.
What you'll do
As a Product Control Associate, you’ll be responsible for overseeing the daily P&L and monthly balance sheet reporting within NatWest Markets operating in the United States. This will help the bank to effectively manage its trading position, demonstrate strong daily controls and enable management of market risk.
You’ll establish and maintain strong working relationships with key customers and stakeholders across several teams and regions. Delivering high quality and consistent financial, statutory, regulatory and management reporting outputs. You’ll comply with relevant policies and consider and escalate the adequacy and effectiveness of the business’s controls on a regular basis.
Day to day, you’ll:
Provide oversight and review of the Edinburgh support team on various activities including revenue analysis and flash vs actual controls.
Oversee production of daily, weekly, and monthly P&L Reports to senior management.
Oversee offshore production of reconciliations, accounting, MI and control activities to support the ledger close, reconciliation, substantiation and reporting.
Oversee offshore production of month-end accounting, such as journals preparation, reviews and account reconciliation.
Provide onshore maintenance of the US Hierarchy including creation of new books to support the business/traders.
Support change initiatives, process improvements and in system implementations that impact the US region.
Work closely with technology, operations, and front office to Investigate process or system issues.
Support systems testing, such as user acceptance testing and system or process improvement initiatives.
The skills/experience you'll need:
To succeed in this role, you’ll bring experience in core financial control delivery and reporting outputs, including ledger close, balance sheet substantiation, statutory and management reporting and external audit.
We’ll also look to you to have:
3-5 years of product control experience at a financial institution or public accounting with a focus on the financial industry
Knowledge of accounting standards and financial products.
Experience of delivering change in a financial services environment.
The ability to identify, build and enhance key relationships at a senior level.
Experience of investigating and probing issues with cross-business impact.
An understanding of intercompany and contra account usage requirements and intercompany reconciliations and substantiation.
Strong problem solving and analytical skills with attention to detail.
Ability to work under pressure and meet tight deadlines.
Proficiency in Microsoft Office Suite, especially Excel.
BA in Accounting or Finance; Masters in Accounting, Finance, Business Administration a plus
Certified Public Accountant (‘CPA’) a plus
The expected base annual salary range for this position is $90,000 - $115,000 at the start of employment. This is not a guarantee of compensation. The exact compensation is determined on an individualized basis and may vary based on skills, experience, training licensure, certifications and location. In addition to base salary, our total rewards package also includes eligibility for an annual discretionary bonus; medical, dental, and vision plans; life and disability insurance; employee wellness programs; retirement and savings plans with potential employer contributions; generous paid time off policy, parental leave and tuition reimbursement.
It is the policy of NatWest Markets Securities Inc. and its parent, affiliates and/or subsidiaries to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, sex, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws. Equal Opportunity Employer -Disabled/Veteran – review "EEO Is The Law", “EEO is the law- Supplement” & “Pay Transparency Provision” posters here.
Hours
40Job Posting Closing Date:
Job Posting Closing Date is not yet published.Similar Jobs
What We Do
We’re a business that understands when our customers and people succeed, our communities succeed, and our economy thrives. As part of our purpose, we’re looking at how we can drive change for our communities in enterprise, learning and climate.
As one of the leading supporters of UK business, we’re prioritising enterprise as a force of change. We’re focusing on the people and communities who have traditionally faced the highest barriers to entry and figuring out ways to remove these.
Learning is also key to our continued growth as a company in an ever changing and increasingly digital world. By setting a dynamic and leading learning culture, our people prosper, and our customers are given the tools to continue to improve their financial capability and confidence.
One of the biggest challenges we all face in our future is climate change. That’s why we’ve put it right at the core of our purpose. We want to champion climate solutions with financing and entrepreneurial support, fully embed climate into our culture and decision making, and be climate positive by 2025.
We’re committed to using our purpose to break down barriers, drive change and ultimately create a great place to work.
