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Job Details
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| Job Description |
Job Description
Group Treasury is the central treasury function of The Royal Bank of Scotland Group- It supports the Group in the management of its Balance Sheet, Capital and Interest Rate Risk-
Group Treasury Finance are responsible for providing Financial and Management accounting support for Group Treasury- The Group Treasury Finance team look after around 30 legal entities with a combined Balance Sheet approaching £200bn- Group Treasury Finance consists of a Financial Control teams and Management Information team-
The Financial Control currently team face off to the Group Treasury Front Office namely, Capital Raising, IRR Management and Securitisation-
The Capital Raising team provide finance consultation and business support to the Group Treasury front office- The job will be expected to use their accounting expertise and technical skills when assisting the front office in a number of their capital raising and balance sheet management activities-
The IRR Management team will assume responsibility for the accounting and analysis of all Group Treasury hedging in addition to ensuring compliance with the relevant accounting standards- As part of the day to day responsibilities the job holder will have to work closely with the business and support areas within Finance so that an integrated approach to hedging is achieved-
The Securitisation team are responsible for supporting Group Treasury's involvement in a number of RBS own asset securitisations- The primary responsibility of the team is to ensure the preparation of quality and timely financial data for legal entities that are created on the back of each Securitisation (Special Purpose Vehicles)-
This role sits within the RBS NV legal entity looking after the Liquidity side of the Treasury business- The role holder will be instrumental in ensuring that the NV business accurately controls, manages and reports the results for the liquidity portfolio, a bonds portfolio that the NV entity holds- The individual will be responsible for the accounting, reporting and finance support for this Liquidity portfolio- The RBS NV Liquidity business is scheduled for migration onto the RBS system architecture in February 2010 and as such applicants will be expected to help resolve potential migration issues as well as implementation and development of the operating model-
Requirements
. Knowledge of vanilla fixed income products, specifically interest rate swaps, cross currency swaps, and bonds
. Line Financial controls or product control experience within a Fixed income business
. Exposure to financial services or corporate treasury environment-
. Good knowledge of IFRS, including strong knowledge of IAS 39-
. Qualified ACCA/ACA/CIMA
. Understanding and appreciation a Treasury function-
Responsibilities
Role details:-
. As part of the wider NV integration Finance team, resolve any post go live integration issues-
. Review and support of offshore GT Finance team-
. Perform and review the accounting, control, balance sheet substantiation and business support requirements for the NV Finance Liquidity business-
. Review and critically analyse the daily P&L- This is prepared offshore and reviewed in London prior to being distributed to the Front Office in a timely manner-
. Provide high quality front office support, acting as focal point for front office queries-
. Provide finance support to front office on adhoc projects/transactions-
. Preparation of quarterly and yearly statutory disclosures for RBS Group accounts-
. Identify, lead and drive forward project work covering controls enhancement, efficiency initiatives and strategic developments in order to provide business advantage-
. Ad hoc project work-
. Regularly liaise and provide support to other Group and GBM departments such as Group Tax, Group Chief Accountants, Middle Office and Central Statutory Reporting-
. Regular Sarbanes Oxley testing and control-
In addition to daily and monthly Financial Control responsibilities there will be considerable focus on the improvement and rationalisation of the existing processes and procedures- The successful candidate will be expected to critically review the current process and help implement potential improvements- This will ensure optimum service delivery to all customers and provide professional support to the front office in their day-to-day activities-
The Individual
. Ability to understand and work through complex issues-
. A 'can-do' attitude along with the ability to work under pressure and to tight deadlines-
. Strong organisational and prioritisation skills-
. Ability to investigate issues fully in order to ensure that all areas of concern are covered-
. Good communicator with strong interpersonal skills-
. Ability to work with all levels including senior management-
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