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CIB F&BM North America TS Liquidity Solutions Product Controller – Vice President

Req #: 170120051
Location: New York, NY, US
Job Category: Accounting/Finance/Audit/Risk
Potential Referral Amount: 5000 US Dollar (USD)

Department 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. 

 
Role Description
The North America TS Product Controller – Vice President will have responsibility for the following:
  • Financial Leadership and Business Partnership
    • Finance functional lead for Liquidity products in North America, liaising on a regular basis with key business partners in Product, Sales, Risk, Legal, Compliance, Business Controls Office, and Tech / Ops / Client Service to resolve key business issues and offer subject matter expertise as needed
    • Controller representation at regional Liquidity risk control forums
    • Subject matter expert for accounting treatment of the Liquidity product portfolio and ensuring compliance with appropriate corporate and regulatory requirements.
    • Represent Product Control interests in various change programs and Technology initiatives
  • Financial BAU Close, Reporting & Forecasting
    • Lead the month end G/L close for Liquidity and deposit products to ensure accuracy of the Financials, management-based reporting, and client profitability analyses
    • Validate balance sheet items for appropriate classification for regulatory, corporate and legal entity reporting
    • 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
    • Understand balance sheet and P&L usage, as well as RWA calculations, to validate activity for appropriate classification for corporate and legal entity reporting
    • Understand US-based accounting principles to ensure proper accounting treatment and compliance with external and regulatory reporting requirements
    • Manage a team of 4 to 5 professionals
  • Controls
    • Understand and contribute to control frameworks including risk and controls self-assessment (RCSA), SOX, and New Business Initiative Approvals (NBIA) to ensure accurate financial reporting with sensitivity for product, LOB and legal entity level accuracy
    • Validate existing and develop, as needed, new MIS performance analytics and reporting to increase transparency around expense management, client and business performance, etc.
    • Ensuring a sound control environment and driving continuous improvement, i.e. reviewing current controls and adding and improving on an ongoing basis
 

Candidate Profile

 
  • Qualified accountant with 10+ years’ experience with accounting / financial services background.
  • Strong control focus
  • Experience with Liquidity and Cash Management products desirable
  • 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

  • Bachelors Degree in Finance/Accounting or related business experience required
  • MBA / CPA a plus

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