About this role
Location : London
Reports to : Head of Middle Office
Contract : date TBC
Context: Within Chanel, Treasury is an integrated department actively contributing to the Group’ business strategy, operations, and growth by optimizing the usage of available liquidities, providing funding solutions, managing financial risks appropriately.
Chanel Treasury is in an ambitious Transformation Journey from an organizational and technology perspective.
At CHANEL, our values are grounded in creating conditions for people to perform at their best and feel fulfilled and confident in their work.
WHAT IMPACT YOU WILL CREATE AT CHANEL
Reporting to the Head of Middle Office, the Middle Office Junior will be responsible for monitoring, controlling and reporting on the operations of the Financial Markets and Treasury Operations Team for the Global and Regional teams. Ensuring activities are performed in compliance with approved treasury policies & regulations is key aspect of the role.
KEY RESPONSIBILITIES
Risk Management
- The Middle Office Junior ensures consistency in the booking of our trades (FX, CM, ICL, IRS, Options, Money Markets, etc), and timely confirmation and reporting of these activities (in accordance with regulations in place).
- Ensure the quality of information that are in the TMS, control of the operations done by Financial Market (Front Office) and Regional/Global Treasury Operations to insure their alignment with our external partners & guaranteed accuracy & completeness of our internal database.
- Conduct bi-annual user access review (e-banking platforms and Treasury management) following external and internal audit guidelines.
- Coordinate annual physical signors review, in close collaboration with our Regional Treasury Team.
Reporting activities
- Track globally harmonized KPIs, using automated management reports/dashboards to monitor global alignment of our activities to Policies in place.
- Build quarterly Cash management costs reporting (on CORE Banks) and identify possible areas for cost reduction.
Compliance
- Stay up to date with external regulations, assess and measure the impact of new regulations for the Company and guarantee strict compliance (EMIR reporting amongst others).
Others
- Point of contact for internal & external audits, Middle Office Junior will be responsible for providing any information that is in relation to treasury activities’ audit. Additionally, the person will closely monitor the completion of the annual bank account confirmation process.
- Responsible for Month end accounting process (including trades related entries) in close collaboration with Global accounting team.
- Point of contact for private investors (private placement programs), in charge of periodic interest payment letters’ provision.
WHAT YOU WILL BRING
- Master in Finance (ideally with an orientation on Treasury & Controls), with a first short term experience/internship in an international corporation.
- Commitment to enforcing compliance to limits and regulations.
- Affinity with technology and dashboarding tools. Knowledge of Power Query (and Power BI) will be considered as a strong asset.
- Fluent English (speaking and writing.)
- Collaboration and communication skills.
- Proactive attitude, willingness to learn, and continually improve current processes.
- Demonstrated high integrity and ethics in all activities.
Other facts
About CHANEL
Chanel is a private company and world leader in creating, manufacturing and distributing luxury products, including Ready-to-Wear, Accessories, Fragrances, Makeup, Skincare, Jewellery and Watches. Founded by Gabrielle Chanel in 1910, the House remains dedicated to exceptional craftsmanship and offering high-end creations. Chanel employs more than 32,000 people worldwide.
As part of this, the House promotes arts, culture and creativity, while investing significantly in key areas including research & development, sustainability, and innovation.
Chanel is dedicated to creating the conditions for people to perform at their best, building on their strengths and enabling them to benefit from new opportunities. It offers a unique working environment where people are given time to understand the brand, the business, and develop their personal motivations. This means everyone can grow, continue to be inspired and feel included, now and in the future. The company fosters true collaboration and respect for all, grounded in the belief that diversity is essential to the success of the organisation and its people.
Chanel is committed to rewarding people competitively, as well as offering initiatives such as wellbeing programmes, learning and development opportunities, and parental leave for all parents globally.
What you'll do
- The Middle Office Junior will monitor, control, and report on the operations of the Financial Markets and Treasury Operations Team. Key responsibilities include ensuring compliance with treasury policies and regulations, managing risk, and coordinating reporting activities.
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