Key Responsibilities and Accountabilities:
Control & Analysis
• A plausibility check of the calculated results;
• Analysis of the traders’ activity for regular products and within its portfolio;
• Analysis of the prices used for valuation and comparison to market prices to ensure valid valuation;
• Acts as sparring partner for the business, particularly regarding the valuation of the financial products;
• Liaises with different departments involved as Operations, Market Risk, Control RI;
• Questions or challenges the trader if results remain unclear or no agreement can be found.
• Proactively addresses opportunities to optimize current operations and gives input to or initiates actions plans to the Team Lead or Manager that transcend the appointed activity areas;
• Specifies and implements controls around new business and products;
• Analysis of the impact of potential new trading activities within the portfolio besides analysis of existing traders activity within the portfolio.
Reporting
• Provides timely independent daily and monthly P&L reporting, P&L decomposition, Balance Sheets, General Ledger account certification, insight into risks relating to specific business processes and/or system performance issues.
• Substantial time pressure is involved due to the size of the amounts and risks involved.
• Due to the materiality of the business a timely reporting is essential to ensure a quick discovery of irregular positions and/or P&L which may impact the income and risk position of Rabobank International.
• Ensures that the reported (front system based) figures and the General Ledger accounts are in line.
Policies & procedures
• Identifies bottlenecks in the operation concerning the appointed activity area and develops and proposes possibilities to the Team Leader or Manager for new or adapted reporting and/or accounting policies, guidelines and templates as well as proposing subsequent Performance Indicators and efficiency improvements;
• Takes care of the execution and monitoring of reporting and/or accounting policies, guidelines and templates within the appointed activity area;
• Gives pro-active advice, instructions and answers questions concerning for example processes and the reporting and/or accounting policies, guidelines and templates within the appointed activity area and/or new business.
• Is involved in the approval process of new business proposals.
• Improves policies and procedures on more complex activity areas.
• Has in depth analytical knowledge on all guidelines, procedures, processes and systems. Can interpret them and explain them to others.
• Stays up to date on latest developments in the finance and control environment with emphasis on relevant accounting and reporting developments i.e. IFRS, DNB.
Projects
• Identifies change requirements concerning the systems and applications used by the team.
• Assists in the requirements preparation and documentation in relation to the (further) development and maintenance of these systems and applications;
• Undertakes improvement projects concerning: procedures, systems or applications on his/her own initiative.
• Initiates, participates in and contributes to Global projects;
• Identifies problems and develops tactical solutions on his/her own initiative.
• Identifies problems and specify structural solutions on own initiative in close relation with Sr. management
Job Requirements:
• Profound knowledge of (Brazilian) financial trading instruments and market risk.
• Experience of working directly with traders and supporting Front Office staff.
• Solid Excel and VBA experience in a financial institution. Access knowledge is a plus.
• Interest in Global Financial Markets, Treasury related activities
• Finance/Economics/Quantitative degree in a top university.
• At least 1-4 years experience with working in a dynamic international environment.
• A previous experience in product control services is definitely an asset.
• Excellent English communication.
PCD´s candidates can apply for any Rabobank vacancy.