Role Overview
Europe Arab Bank is looking to engage a Product Control Officer on a 12 month fixed term contract. The Product Control Officer is responsible for ensuring the accuracy and integrity of the bank’s financial data by performing end-to-end reconciliations of Treasury transactions. This role acts as a bridge between the Treasury Front Office and Back Office operations, ensuring all products are properly booked, valued, and reported in compliance with internal policies and regulatory requirements.
Key Responsibilities
* Perform daily, monthly, and ad-hoc reconciliations between Treasury Front Office trade systems and Back Office/Finance systems.
* Investigate and resolve breaks or discrepancies identified during reconciliations; escalate unresolved items in a timely fashion.
* Ensure all Treasury products (e.g., FX, Money Market, Derivatives, Fixed Income) are accurately captured and reflected in the bank’s records.
* Work closely with Front Office, Back Office, and IT teams to resolve booking issues or system mismatches.
* Support the month-end closing process, including P&L and balance sheet substantiation for Treasury products.
* Assist with internal and external audits by providing necessary documentation and explanations.
* Participate in systems upgrades, user acceptance testing, and process improvements related to Treasury product control.
* Document processes to provide comprehensive standard operating procedures for all key controls.
* Ensure compliance with internal controls, policies, and regulatory requirements.
Education Requirements
* Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.
* Professional certifications (e.g., CA, CFA, ACCA) are an advantage.
Required Skills & Competencies
* Strong understanding of the front to back process for Treasury products and their full accounting treatment throughout their lifecycle.
* Solid accounting and financial analysis skills.
* Experience with reconciliations and investigation of breaks in financial transactions.
* High degree of IT literacy. Proficiency in MS Excel and Power BI and experience with Treasury systems (e.g., K+, Murex, Calypso, or similar) is preferred.
* Strong attention to detail and ability to work under pressure with tight deadlines.
* Excellent communication and interpersonal skills for effective collaboration across departments.
* Analytical mindset with demonstrable problem-solving abilities.
* High ethical standards and commitment to maintaining data confidentiality.