Sr Financial Analyst - Commodities Finance VP 8/27/2016

Confidential Company New York, NY

Company
Confidential Company
Job Classification
Full Time
Company Ref #
29315085
AJE Ref #
575997703
Location
New York, NY
Job Type
Regular

JOB DESCRIPTION

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This role is to represent Finance in supporting Global Crude Oil business in NY which include both Global Oil business flow and structured parts of the business. As a VP you will be expected to lead and inspire team members, collaborate with the desk and other business partners, impose structure on complex issues and focus on delivering solutions in line with the long term strategic goals of the bank.

The responsibilities will include the following:

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Daily P&L & Balance Sheet - Reporting & Oversight
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Production and/or review of official daily P&L explain and its provision for VaR backtesting.
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Approval of daily sub-ledger P&L generated by Middle Office forreporting into Greensheets.
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Responsibility for daily management adjustments to P&L
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Daily P&L reporting to local and regional management.
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Oversight of trader estimate to official T+1 P&L variances as business unit level.
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Preparation of daily P&L commentary and substantiation to market events.
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reparation of daily P&L commentary and substantiation to market events.
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Review of material new deals.
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Review and approval of changes to valuation adjustments & reserves.
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Review of changes to daily balance sheet & substantiation to transactional activity.

Core Financial Oversight Functions

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Price verification (daily, weekly, monthly).
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Validation of appropriate application and use of models for books & records.
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Monthly & quarterly revenue commentary.
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Maintaining/updating valuation adjustment & reserve policies.
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Balance sheet analysis (capital, liquidity, exposures etc) including inventory aging and its reporting.
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Determining and implementing appropriate accounting policies & procedures (with Accounting Policy).
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Managing key accounting, legal entity, regulatory and P&L issues with the business.
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Month end close, including Financial Disclosures and calculation and recording of netting entries
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Exercise of control oversight on behalf of the business.
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Participation in the New Product Review and Appropriation Request processes: modeling structures and process scenarios, review, and control.
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Contributing to Governance process, operational error reporting and support of other internal control process, including SOX.
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Provision of financial expertise in the design, build, testing, and implementation of new Technology Platforms and Systems.

Planning plans; budgets; and forecasts.
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Provide regular updates, analytics and commentary on Line of Business performance.
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Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.
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Provide regular updates, analytics and commentary on externally disclosed quarterly performance

QUALIFICATIONS:

Required Skills

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BachelorDegree in Accounting/Finance
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3-5 years commodities experience within the financial industry/banking experience
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2 years of experience managing small teams
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Strong financial analytics experience
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Advanced experience/skills with Excel and complex spreadsheets
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Power Point proficiency inclusive of preparing presentations with charts and graphs
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Candidate must be able to work both independently and as team member
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Strong communication and presentation skills
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Strong problem solving and analytical abilities (Excel/Essbase)

Desired Skills

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MBA, CPA, CFA, or other advanced certification
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Oil Commodities, Index, Global Commodities experience
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Control focused, analytical, team oriented, comfortable with complex products

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