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Financial Accountant, Global Markets Financial Control


Financial Accountant, Global Markets Financial Control

Dublin | Ireland

The Role

The successful candidate will prepare, review, analyse, and interpret the financial results of a leading Irish treasury function. You will gain and apply your knowledge of treasury products such as bonds, derivatives, FX products and corporate deposits.

Division description

The Finance & Accounting Division is made up of a number of core finance teams both at business unit and Group level. We perform a key management and control function in ensuring all Group financial and management reporting processes are appropriately governed. The Finance Division has overall responsibility for driving the Group budgeting and forecasting process, developing Group-focused financial insight and analysis and delivering the Group`s statutory, regulatory and external reporting. We do this through collaborative business partnering in each of the Divisions and with centralised Finance shared / specialist services.

Description of the business unit

Corporate & Treasury (C&T) incorporates all of the Group`s corporate banking, treasury, specialised acquisition & leveraged finance, and large transaction property lending, across the Republic of Ireland, UK and international jurisdictions. The C&T Divisional Finance Team is responsible for the overall finance, accounting & reporting performance and practices across the Division. This involves working collaboratively with each of the Business Units to ensure the planning and oversight of effective monthly reporting, budgeting, forecasting and strategic planning processes.

Purpose of the role

Global Markets (GM) is the treasury arm of the Bank of Ireland Group with responsibility for all market risk in foreign exchange, money markets, bonds and derivatives and is responsible for the execution of the wholesale funding of Bank of Ireland`s balance sheet.

An opportunity has arisen for a financial accountant to join the team. The successful candidate will be responsible for reporting and controlling Bank of Ireland GM`s various products, including derivatives, loans and deposits, liquid assets, trading book assets and liabilities and debt securities in issue. The successful candidate will also be responsible for implementing process improvement initiatives and other ad hoc activities related to financial reporting for GM.

This is an exciting opportunity for a strong accountant, looking to develop their understanding of treasury products, as well as develop their core competencies of problem-solving, managing change, and stakeholder management.

Key accountabilities

  • Ensure that monthly close processes have been completed in accordance with best practice.
  • Prepare notes to the financial statements and FINREP and present to management as required.
  • Responsible for the delivery of management information (MI) as produced by the team (e.g. monthly analytical review and commentaries), ensuring deliverables are complete and accurate.
  • Liaise with specialist Valuations, Hedge Accounting, Income Support and Decision Support teams in the GM finance business partner team, to ensure the correct measurement and classification of items in the primary statements, notes to the accounts, and FINREP.
  • Provide support to other financial control teams, when required, on the accounting and reporting of the Group`s treasury products.
  • Control Environment: adhere to operational risk controls, including Internal Controls and end-user computing (EUCs); liaise with external and internal auditors; identify any control weaknesses and highlight to management.
  • Be pro-active in identifying and implementing potential improvements in areas such as operational risk controls, processes, MI reporting etc.
  • Build relationships with key stakeholders across the Group and become a key point of contact on the Financial Control Team.
  • Ad hoc: contribute to projects as they arise e.g. implementation of IFRS 9, EBA Stress Testing.

Essential qualifications

Qualified or part qualified accountant with a strong academic ability.

Essential skills & experience

  • An understanding of treasury business and products.
  • An understanding of accounting, disclosure and regulatory reporting requirements.
  • Demonstrated experience of delivery to tight reporting deadlines with a keen attention to detail.
  • A commitment to delivering consistently excellent customer service.
  • The ability to challenge the status quo and implement change.
  • Confident, enthusiastic self-starter with the ability to work on own initiative and as part of a team.
  • Good knowledge of Microsoft Excel.
  • Desirable qualifications, skills & experience
  • A keen interest in treasury functions.
  • Prior experience of working in a treasury function
  • Ability to acquire and apply new technical information.
  • A knowledge of Visual Basic / macros

Where Agency assistance is required Bank of Ireland Recruitment Team will engage directly with suppliers. Unsolicited CVs / profiles supplied to Bank of Ireland by Recruitment Agencies will not be accepted for this role.

Bank of Ireland Group is an equal opportunities employer and is committed to fostering an inclusive workplace which values and benefits from the diversity of our workforce.

Closing date: Nov 23, 2018
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