Corporate Finance: Financial Control Associate - Derivatives Reconciliation

Job description

Derivative Reconciliations:
The Financial Control team is part of Corporate Finance and provides financial control services across business aligned teams. In addition, there are several cross business teams including core accounting, regulatory reporting and an internal control team that houses the functions and processes common to all businesses. This model allows the participating businesses to more easily share best practices and better leverage their collective talent, all while ensuring that the business-aligned teams keep their strong connection and relationships with the business managers in the primary locations. The FC organization is based in Newark, Delaware and Mumbai, India.
The Financial Control Associate will be required to work closely with the line of business controllers, middle office and operations areas to understand the operational impact of trading strategies and settlement practices for the businesses globally.

Responsibilities will include, but are not limited to:
· Ensure trade bookings from inception agree to back office systems, the general ledger and other reporting sources.
· Understanding how reconciled numbers are reported and partner with the reporting team on adjustments
· Basic understanding of derivatives accounting
· Role will either be a single person contributor or will include 1 – 3 direct reports.
· Work with various areas to research, escalate, and clear cash and settlement exceptions in a timely manner;
· Work with the businesses and financial control to ensure understanding and sign off of monthly P&L;
· Completion of monthly GLRS process

The candidate must be a highly-motivated individual and must be able to handle a high level of complexity in their product coverage, be able to shift focus of task with relative ease and be flexible enough in shifting workload in accordance with changing priorities, and be comfortable dealing with a sometimes stressful and fast-paced trading and month end priority-driven environment.

Desired profile

Required Experience:
·  Excellent desktop/spreadsheet/database skills
·  Excellent organizational and problem-solving skills
·  Excellent verbal and written communication skills
·  Ability to multi-task in a constantly changing environment
·  Able to critically challenge with the goal of identifying control issues
·  3-5 years experience performing investment accounting preferred
·  Bachelor's degree in Accounting, Finance, or Business (or equivalent experience)
***Note: This role requires compliance with the Firm's Consecutive Leave Policy. The policy requires certain employees in sensitive positions to be out of the office for a specified period each calendar year. Please ask the recruiter or hiring manager for additional details***