The IBD Operations Finance and Control team has an opportunity for an experienced Analyst/Associate. The team is responsible for the management of expense balances and fee recovery for the IBD Division globally. This role gives the opportunity to have a direct impact on the P&L of the division by influencing the amount of fees and expenses recovered. This role allows for exposure to senior members of the firm, so you will be using your communication and negotiation skills to drive positive conversations. The role also requires close interaction with other business and Federation teams supporting Investment Banking, including IBD Finance, Controllers, broader Banking Investing and Lending Operations, and Technology. The Analyst/Associate will focus on risk management and control, day to day expense management processes, assisting with the recovery of project expenses, maintaining the syndicate sub ledger, and the settlement of financing transactions. The ideal candidate will help drive IBD Operations’ process improvement initiatives across multiple business lines. Additionally, the role will afford the opportunity to participate in key strategic projects and initiatives for the team.
IBD Operations is a dynamic, multi-faceted subdivision that partners with all parts of the firm to deliver banking, sales and trading, and asset management capabilities to clients around the world. In addition, IBD Operations provides essential risk management and control to preserve and enhance the firm’s assets and its reputation. For every trade agreed, every new product launched, every new market entered, or every transaction completed, it is teams like IBD Operations that develop the processes and controls that make business flow. The Finance & Control Team is responsible for the proper recognition of IBD advisory fees, billing of expenses, settlement of financings, and overall maintenance of the expense balance sheet to create maximum recovery for the division's bottom line. In addition, the team monitors the balance sheet of deal-related expenses to promote recoverability, and seeks to reduce P&L exposure by reserving for losses related to non-recoverable expenses.
HOW YOU WILL FULFILL YOUR POTENTIAL
SKILLS & EXPERIENCE WE’RE LOOKING FOR
The Ideal candidate for this position will have the following qualifications:
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