Department Overview :
The UK Finance is responsible for the accounting and financial reporting for the Lending Services, Financial Markets and Cost Accounting activities of ING Bank NV, London Branch.
This role is within the Financial Markets (FM) Financial Control team, and is focussed on the supporting the local Global Securities Financing (GSF) ledger.
The GSF business covers Equity Linked Swaps, Contract for Differences and also Stock Borrowing / Lending trading, and there is additionally a small number of structured trades and some limited equity sales trading activity on this ledger.
The wider FM Financial Control team is also responsible for the review of an outsourced ledger, and local Regulatory Reporting.
Main Duties and Responsibilities of Role :
The main responsibilities will include but are not limited to :
Responsibility for the monthly financial close process for the GSF Ledger, including :
Loading data into the Head-Office consolidation system.
Passing month-end adjustments.
Balance Sheet Reconciliations.
Analytical review of P&L and Balance Sheet.
Completion of Head-Office submissions in line with IFRS and ING Accounting Policies.
Assist with other quarterly head-office reporting requirements.
Liaising with Product Control / Operations to ensure completeness and accuracy of the ledger.
Assisting with queries from, and delivery of data to, internal and external auditors.
Assisting with Ad hoc queries and requests.
Work with wider finance team on process improvement and project work as it arises.
Ensure all relevant procedure and SOX documentation is kept up to date.
Assist and provide cover for team.
Qualification / Education
Educated to Degree Level
Finalist / Recently Qualified Accountant
Financial Accounting / Control experience
Not a Cost Accountant / Management Accounting background
Excellent MS Excel Skills
Knowledge of the Securities Financing
Experience of working in a large Financial Institution
Previous experience with the Oracle Fusion / OFSAA products
Must be a strong team player
Analytical approach to problem
Strong inter-personnel skills
Excellent verbal and written communication skills.
Ability to work to challenging deadlines
Highly structured approach to tasks
Have a proactive / can do attitude to work
Conscientious, diligent and takes responsibility for own actions
Ability to work with people from different cultural backgrounds
Be able to present logical, well-reasoned analysis to Finance and non-Finance individuals.
Strong motivation to challenge current processes