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Hays Global Skills Index 2016

Hays Journal - Issue 11

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An introduction to Banking & Finance careers

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Banking Careers for Newly Qualified Accountants are diverse, challenging and highly rewarding. Hays has a specialised Banking Finance recruitment team that covers virtually every aspect of the finance spectrum across Investment Banking, Investment Management, Hedge Funds and Specialist Finance houses.


 
 
 

Financial accounting / reporting 

  • Preparing financial statements and management information, presenting to senior management and group finance in order to gain understanding of the financial state of the business

  • Understanding and providing support on a number of complex financial control subjects in relation to the bank's finances

  • Managing relationships with other parts of the business and advising on financial control queries 

Management accounting 

  • Preparing budgets and forecasts reporting to senior management, looking at the previous years' financials to make informed and accurate plans for the coming year

  • Preparing variance analysis and commentaries, looking at what was forecasted and budgeted for (costs and revenue), and reporting on the differences

  • Cost and / or revenue analysis on how the business is performing for a particular department and income / cost stream (more often than not these jobs can be split into two separate roles) 

Financial analysis

  • Analytical support on an array of business, strategic and technical issues, including specific areas of the P&L, balance sheet and cash flow

  • Market analysis, looking at the bank's performance in contrast to competitors and market performance

  • Financial modelling and involvement in other analytical projects around financial positioning and strategy, improving inefficiencies within the bank from a finance perspective 

Product control and analysis (investment banking) 

  • Producing the daily profit and loss in relation to a particular financial product (including equities, commodities, foreign exchange, credit and rates)

  • Profit and loss analysis, spotting trends and variances occurring in the trades

  • Preparing commentaries on the performance of the P&L and trading activities in the bank and comparing it to the market and competitors

  • Valuation controls and price testing of the trades, ensuring they are of a fair value

Internal audit 

  • Understand the business’s plan and strategy to focus audit work on areas that have the highest risk

  • Partner and educate managers in the business of best practice to minimise audit risk from a financial and operational perspective

  • Lead and complete audit engagements in an efficient manner

Corporate finance / merger and acquisition 

  • Supporting the M&A / CF process, preparing internal documentation, due diligence and involvement in origination activities

  • Identify transaction opportunities, providing a strong business case

  • Analysis, business modelling and controlling risks in order to raise the appropriate amount of capital for the business

 

Contact us

Banking & Financial Markets jobs in London