About CLS:

CLS is the trusted party at the centre of the global FX ecosystem. Utilized by thousands of counterparties, CLS makes FX safer, smoother and more cost effective. Trillions of dollars’ worth of currency flows through our systems each day.

Created by the market for the market, our unrivalled global settlement infrastructure reduces systemic risk and provides standardization for participants in many of the world’s most actively traded currencies. We deliver huge efficiencies and savings for our clients: in fact, our approach to multilateral netting shrinks funding requirements by over 96% on average, so clients can put their capital and resources to better use.

CLS products are designed to enable clients to manage risk most effectively across the full FX lifecycle – whether through more efficient processing tools or market intelligence derived from the largest single source of FX executed data available to the market.

Our ambition to make a positive difference starts with our people. Our values underpin everything that we do at CLS and define our working environment:

Pivotal purpose
Trusted guardian
Targeted innovation
Facilitate connections
Delivering excellence
Inclusive culture

Job information:

Functional title – Financial Reporting Accountant
Department - Finance
Corporate level – Assistant Vice President (AVP)
Report to – VP, Financial Reporting and Controls
Location - London

What you will be doing:

This broad role is to assist the Financial Control team in the following areas:

Assist with month end close
Help prepare subsidiary entity annual financial statement and liaise with the auditors during the year end and interim audits. Prepare monthly journals for both legal entities and consolidation, management accounts and assist with regulatory returns
Implementing process improvements to all reporting and internal control procedures
Assist with preparation of other statistical returns
Maintaining procedure documents
Supporting Senior Financial Controller and Head of Financial Control in creating an environment of continuous improvement to ensure that all reporting is conducted to the highest possible standard, within set deadlines whilst meeting efficiency requirements.

Operational

Prepare bank reconciliations and related journal postings into Oracle
Assist in tax related matters including VAT (US and Swiss), and US sales tax returns, partnering with external advisors
Reconcile balance sheet accounts according to accounts ownership listing on monthly basis
Raising intercompany invoices for settlement
Preparation of other statistical returns, e.g. ONS, BEA, Swiss survey, US survey
Understand balances in intercompany clearing accounts ready for intercompany settlement
P&L analysis for the subsidiaries
Prepare and coordinate year end audit for the subsidiaries

What we’re looking for:

Ability to work efficiently as a team in liaison with other Finance personnel to ensure month end and Financial reporting cycles run smoothly
Provide ongoing support to other finance staff
Experience in statutory financial reporting and management accounts
Accustomed to dealing with routine and complex accounting and reporting issues
Highly numeric with strong analytical and problem solving skills
Able to meet deadlines with a strong attention to detail
Good team player with a collaborative style
Very good knowledge of controls and processes
Must be able to work within a team, drive collaborative behaviors and create an environment that supports continuous learning and improvement

Professional qualifications / certifications

Newly Qualified accountant (ACA/ACCA/CIMA) preferably trained within practice and/or Financial Accounting experience gained in a large Financial Services company
Degree in Financial Accounting

Summary:

The Financial Reporting Accountant, Assistant Vice President (AVP) in the Finance department, plays a crucial role in supporting the Financial Control team. Based in London and reporting to the VP of Financial Reporting and Controls, the role involves assisting with month-end close, preparing financial statements, implementing process improvements, and maintaining high standards for financial reporting and internal controls.

Responsibilities:

Assist with month-end close processes and prepare monthly journals for both legal entities and consolidation.
Help prepare subsidiary entity annual financial statements and liaise with auditors during year-end and interim audits.
Implement process improvements to all reporting and internal control procedures.
Assist with the preparation of regulatory and statistical returns.
Maintain procedure documents to ensure consistency and accuracy.
Support the Senior Financial Controller and Head of Financial Control in fostering continuous improvement within the financial reporting process.
Prepare bank reconciliations and related journal postings into Oracle.
Assist with tax-related matters, including VAT and sales tax returns, in partnership with external advisors.
Reconcile balance sheet accounts monthly and prepare intercompany invoices for settlement.
Conduct P&L analysis for subsidiaries and coordinate year-end audits.

Required Skills:

Ability to work efficiently as part of a team, ensuring smooth financial reporting cycles.
Experience in statutory financial reporting and management accounts.
Strong analytical and problem-solving skills with a high level of numeracy.
Attention to detail and the ability to meet deadlines.
Collaborative team player with a good understanding of controls and processes.
Ability to drive collaborative behaviors and support continuous learning and improvement.
Very good knowledge of financial controls and procedures.
Newly Qualified Accountant (ACA/ACCA/CIMA) with experience in practice or in a large financial services company.
Degree in Financial Accounting.

Our commitment to employees:

At CLS, we celebrate inclusion and consider this to be one of our strongest assets. We are committed to fostering an environment in which everyone feels comfortable to be who they are, and inclusion is valued. All employees have access to our inclusive benefits, including:

Holiday - UK/Asia: 25 holiday days and 3 ‘life days’ (in addition to bank holidays). US: 23 holiday days.
2 paid volunteer days so that you can actively support causes within your community that are important to you.
Generous parental leave policies to ensure you can enjoy valuable time with your family.
Parental transition coaching programmes and support services.
Wellbeing and mental health support resources to ensure you are looking after yourself, and able to support others.
Employee Networks (including our Women’s Forum, Black Employee Network and Pride Network) in support of our organisational commitment to embrace and always be learning more about inclusivity.
Hybrid working to promote a healthy work/life balance, enabling employees to work collaboratively in the office when needed and work from home when they don’t.
Active support of flexible working for all employees where possible.
Monthly ‘Heads Down Days’ with no meetings across the whole company.
Generous non-contributory pension provision for UK/Asia employees, and 401K match from CLS for US employees.
Private medical insurance and dental coverage.
Social events that give you opportunities to meet new people and broaden your network across the organisation.
Annual flu vaccinations.
Discounts and savings and cashback across a wide range of categories including health and retail for UK employees.
Discounted Gym membership – Complete Body Gym Discount/Sweat equity program for US employees.
All employees have access to Discover – our comprehensive learning platform with 1000+ courses from LinkedIn Learning.
Access to frequent development sessions on a number of topics to help you be successful and develop your career at CLS.

Assistant Vice President, Financial Reporting and Control

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