Production of the Daily profit and loss (P&L) accounts from trading activity, including:
Validating the P&L to the P&L attribution received from the Trading or Risk systems;
Understanding the drivers of the P&L, based on knowledge of Risk exposure and market movements;
Raising appropriate P&L adjustments and providing appropriate adjustment commentary and classification to aid the managerial review of the adjustments.
Comparison and analysis of Front office end of day estimates to actual P&L, providing analysis once relevant thresholds have been exceeded
Providing daily commentary on P&L once relevant thresholds have been exceeded
Providing fortnightly, monthly and year to date P&L commentary, outlining the material P&L drivers in the period
Help ensure an overally strong and efficient control environment to minimise operational risk
Assisting in daily Risk reporting, through backtesting signoff to help validate the accuracy of value at risk calculations
Balance sheet and P&L validation ensuring completeness, accuracy and integrity of the Bank's accounting ledger via reconciliations, posting ledger entries and attestation
Provide analysis and information in response to ad hoc requests from the various internal and external stakeholders (e.g. Front Office, Head office, internal/external audit functions)
Provide department specific input and participate in testing and implementation of the Bank's strategic initiatves
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What you'll be doing
This Analyst role falls under the Finance graduate trainee programme and the Bank envisages that for the first 36 months of your employment (until graduation) you will participate in this scheme.
Under the scheme the role involves cross training and rotation opportunities across the different disciplines within the team as well as other Finance areas and there also is an expectation that graduates study towards and complete a relevant professional qualification (such as CIMA or ACCA) offered by the Bank.
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What you'll need to be successful
Degree educated with strong academic background
Previous experience working in Financial Services is desirable although not required
Basic financial instrument knowledge would be beneficial
Microsoft Office application knowledge (Excel, PowerPoint, Access) would be beneficial
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!
ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.
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