Funding Controller Job Description
Funding Controller Duties & Responsibilities
To write an effective funding controller job description, begin by listing detailed duties, responsibilities and expectations. We have included funding controller job description templates that you can modify and use.
Sample responsibilities for this position include:
Funding Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Funding Controller
Typically a job would require a certain level of education.
Employers hiring for the funding controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Accountancy, Economics, Business/Administration, Business, Management, Finance/Accounting, Statistics, Business Studies
Skills for Funding Controller
Desired skills for funding controller include:
Desired experience for funding controller includes:
Funding Controller Examples
Funding Controller Job Description
- Prepare weekly FR2004C, Weekly Report on Dealer Financing and Fails
- Identifying any trades booked incorrectly in the firm’s trade procession systemsProduction and analysis of the balance sheets for a trading desk and understanding and explanation of moves.Preparing monthly accounts for posting to the firm’s general ledger and producing/reviewing relevant external disclosures
- Production and reconciliation of daily P/L reports to be reviewed and signed off by the Front Office
- Production and analysis of daily P/L decomposition
- Volcker Metrics Reporting
- Attest to the balance sheet
- Adhere to the firms standing orders and policies
- Involvement in projects / initiatives
- Coordination with operations and other controllers to validate daily reported P&L
- Ad hoc projects will be assigned and involve advising with Corporate Treasury, Corporate Risk Management, IT, (e.g., new systems functionality testing, improving attribution)
- Proficient user of MS Excel and other MS applications (Word, PowerPoint )
- Ability to work as a part of a team independently
- 2+ years of professional work experience in public and/or private accounting
- Monthly price verification review and challenge of trader inputs into inventory pricing incremental assessment of less observable inputs
- Have a qualification as a Chartered Accountant, or other relevant professional financial qualification (e.g CFA)
- Derivatives and repurchase agreements
Funding Controller Job Description
- Assist in the production of quarterly disclosures for 10Q/K and Fed reporting
- Collaboration across a number of FCG groups including Global Product Controllers, Accounting Policy, Regulatory Reporting, and SEC Reporting*LI-ND1
- Developing strong working relationships with Corporate Treasury, Operations, IT, Bank Resource Management, and other teams across the Firm
- Maintaining a strong knowledge in the regulatory environment pertaining to the Federal Reserve, Basel and the FSA
- Oversight and final review of the daily/weekly regulatory liquidity metrics monitored by Corporate Treasury Net Stable Funding Ratio and Contingent Funding Plan
- Oversight and signoff of the Liquidity disclosures included in the firm?s quarterly and annual filings
- Develop a strong understanding of business strategy driving liquidity movements, ensure supporting commentary is in line with expectations
- Point of escalation for issues arising with the reporting
- Ensure a robust control environment is in place to minimise errors in the external and management liquidity reporting
- Work closely with Corporate Treasury to interpret and implement changes to the regulatory reporting rules
- Design and implementation of enhancements to the Firm’s Secured Funding attribution model
- Strong knowledge in the regulatory environment pertaining to the Federal Reserve, Basel and the FSA
- The successful candidate will ideally hold an accounting qualification/Management Degree from a recognized Accountancy body
- Ability to handle and resolve recurring challenges and problems.*LI-ND1
- 2-5 years of experience in liquidity risk control, liquidity risk management or liquidity planning
- Partner with Treasury Technology to prioritize and implement enhancements to the reporting improving data quality, adjustment reduction and regulatory changes
Funding Controller Job Description
- Provide back-up coverage for production of daily Profit & Loss (P&L) as needed
- Assist with the development, automation and maintenance of analytical P&L reports
- Work on Business Unit Initiatives and support
- Work with Corporate Finance groups, IT Operations and Treasury to help establish new business requirements
- Prepare balance sheet and P&L forecasts and analysis
- Review and analysis of new products
- Review and analysis of new booking models
- Work with Capital team to understand and capital charges
- Participate in balance sheet and P&L review meetings with Business Unit
- Perform collateral review and analysis
- Monthly Legal Entity Analysis
- Monthly financing and currency analysis
- SOX, Internal & External Audit Certification
- Small team management experience required
- Ability to work in a high pressure, fast paced, and aggressive environment
- Proven ability to think strategically, commercially, and with entrepreneurial initiative
Funding Controller Job Description
- Represent Asia Pacific GFC in local and global meetings and or project rollout
- Key point of contact for Corporate Treasury, BRM and other Finance teams within the region and across the globe
- Participate in Treasury NPA
- Partner with Treasury to assess liquidity and funding implications where there are changes to regulatory rules and or booking model
- Reduce team's risk profile by leading efforts on system enhancements, implement additional controls and escalation
- Ownership of Securities Lending and Repo PnL businesses financial reporting and controls, including but not limited to
- Daily PnL review and socialisation to Finance Management, BRM BU and LEC?s
- Analytical review of new booking models and bespoke funding arrangements
- Responsibility for the computation of the FID Financing MCR
- Month End PnL and BS coordination
- Ability to build relationships and partner with staff at all levels, including senior management
- Strong verbal and written communication skills (able to clearly and concisely summarize complex topics)
- High proficiency in Excel and PowerPoint a must
- Candidates should be have relevant degree or equivalent experience
- Accountancy qualification, alternately MBA, ACT or CFA qualification
- Knowledge of financial products bond/swaps/fx products
Funding Controller Job Description
- Production of the entity specific Interest Analysis reporting
- Key contributor to multiple securities financing initiatives
- Interfacing directly with the BRM BU to optimise funding costs across the firm
- Liaising with multiple senior stakeholders across Sales and Trading and FCG to understand and improve the granularity of their BRM allocations
- Building out reporting to identify Securities Financing over/under recovery to identify disconnects between external street costs and internal recovery versus Sales and Trading
- Develop a strong understanding of the businesses and understand the PnL and Balance Sheet drivers
- Prepare reporting and commentaries for presentation to finance management and BRM BU
- Performing end user testing
- Assist in training rollout to wider controller group
- Being point of contact for controller queries
- Understanding of currency exposure, appreciation of FX risk and hedging instruments
- Strong communicator with ability to interact with senior stakeholders or other teams globally
- Securities funding knowledge is desirable
- Candidates should be part-qualified or qualified with a relevant accountancy qualification or have relevant degree or equivalent experience
- 3+ years’ experience working with various financial instruments ( debt issuances, fx, IR, credit, trs, xccy swaps, fx rolls,etc)
- Ability to adapt and take ownership of change