The primary purpose of this role is the support of IFRS compliant financial reporting and control of the results for ICBC Standard Bank group (ICBCS), the principal London-based operating group in ICBC. The ICBCS group results include operations in New York, Singapore and Shanghai.
The role will involve close interaction with the various investment bank product trading systems. Reporting including IFRS, FINREP and Bank of England, as well as the integration with and reporting to ICBC. Development of finance processes, offering diverse experience across all business units and products. The role will suit a highly driven, ambitious individual to join the team that is committed to continuous improvement, contributing to high quality controls, reporting and business partnership.
What you'll be doing
- Monthly financial reporting for ICBCS, and the control and analytical review of ICBCS consolidated results
- Develop a sound understanding of IFRS related to investment bank products and applying these to new product proposals
- Develop a good understanding of the investment bank product set and systems and how these interface into the financial reporting process
- Contribute to the production of monthly, quarterly, semi-annual and annual ICBC head office submissions
- Contribute to quarterly FINREP reporting, as required by the EBA
- Involvement in the production of the Annual Financial Statements for ICBCS, including involvement in the planning and preparation for the reporting cycle and detailed note disclosures, and management of year-end audit process and associated issues
- Consolidation of ICBCS branches and subsidiaries, including the review and control of entity submissions and inter-company confirmations
- Ensuring IFRS compliant reporting, and all aspects of general ledger integrity
- Contribute to reporting preparation for the Executive Committee, and other recipients
- Contribute to the continuous development of reporting processes and procedures, including IFRS reporting, ICBC head office reporting, FINREP and Bank of England reporting
What you'll need to be successful
- Degree or equivalent, preferably in finance or accounting
- Knowledge of financial reporting
- Understanding of IFRS accounting, preferably with financial instruments
- Banking knowledge
- Good Microsoft Office knowledge, particularly with Excel and the ability to deal with large datasets
- Ability to work independently as well as part of a team
Why should you join us
ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.
We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.
Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.
We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.
What's in it for you
- Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
- Hybrid working the option to work remotely up to two days per week, depending on the role.
- Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
- Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
- Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
- Development a suite of opportunities to build the skills you need to excel in your role
If you're excited about becoming part of our team, get in touch. We'd love to hear from you!