JOB DESCRIPTION:

Job Title: BFC Product Associate
Corporate Title: Assistant Vice President
Location: London

• Day-to-day P&L, Balance Sheet and Valuation control responsibilities within the EMEA Global Financing & Futures (GFF) BFC team in London
• Identify and investigate valuation discrepancies and liaise with Front Line Units (FLUs), Risk, Operations and other finance teams to resolve issues.
• Analyse drivers of P&L and balance sheet movements, providing commentary and insight for management
• Engagement with the Accounting Policy Group to implement appropriate accounting policies and procedures.
• Ensure adherence to accounting policies relating to repos, including sale and repurchase accounting, as well as compliance with FIN41 and IFRS netting guidance for financial instruments.
• Working with the GVG group to ensure ongoing review & enhancement of valuation control methodologies and practices. Ensuring procedure documents are accurate and up to date.
• Assist in the streamlining and enhancement of all GFF BFC processes and becoming actively involved with system development ranging from technical enhancements and new product releases to automation of existing processes.
• Contribute to governance processes, operational error reporting and support of other internal control process, including SOX.
• Contribute to audit engagements, addressing queries on valuation, accounting treatment, and finance controls.
• Provide finance leadership on new product approvals, system implementations, and accounting policy changes affecting repo activity.