The Business Finance function is responsible for the production of business level revenue attribution, financial accounting and financial disclosures.
It ensures, on a daily basis, the accurate and timely reporting of Profit and Loss (PnL) for each business unit and ensures that the drivers behind the risk positions and PnL are fully understood and explained.
It also ensures that all of the Banks transactions and positions are correctly reflected in the Banks accounting records and disclosures, in accordance with relevant accounting standards.
Financial Control & Analysis
Financial Control & Analysis is responsible for providing periodic, accurate and independently validated reporting of CIB financials, while maximizing sustainable performance. The Financial Control & Analysis manager plays a critical part in developing and implementing the strategy to mitigate the financial risk caused by control issues across the GL close process (monthly and daily). The role encompasses Product and Business level alignment.
This role is within Business Finance, where the candidate will be accountable for the managing financial control functions. The products covered are Loans, Bonds, Equities & OTC
Position Specific Responsibilities and Accountabilities
Ensure that Balance Sheet and P&L in the General Ledger (GL) are complete, accurate and reported in line with IFRS, US GAAP and HGB accounting standards. Perform month-end close activities SAP journals and reconciliations.
Balance sheet substantiation, i.e. obtaining requisite supports for GL accounts in line with MRP policy
Preparation of regulatory disclosures
Production of various MIS reports for the above businesses within agreed timelines
Identify process gaps and suggest / implement improvements
Cross train colleagues and create back-ups for all tasks
Participate in weekly / monthly conference calls with onshore counterparts
Prepare and update documentation for the processes being performed
Provide documentation / evidence and timely response to ensure smooth Audit
Maintaining the SOX documentation as required
An experience of 1 - 3 years in the core accounting function of an organisation would be an advantage.
Strong understanding of financial market products such as Loans, Bonds & CDS.
Adaptable and culturally aware. Experience of working in a global environment preferable.
Proven ability to, own and develop successful relationships with front office and/or external clients
Strong team player with integrity
Ability to manage time effectively, prioritizes responsibilities, and escalates issues as necessary.
Excellent command of the English language
Proficient in Microsoft Office applications, strong Word and Excel skills required
Commerce graduate / MBA (finance) or pursuing professional qualification in the areas of CA / ICWA / CFA.
Allegis Group is the largest privately held staffing company in the United States and... serves a wide variety of industries. Our team includes more than 8,000 internal employees and 90,000 contract employees working with customers around the world. We continue to grow, bringing our expertise to new industries in the United States, United Kingdom, Canada, Puerto Rico, Europe, the Middle East, and the Pacific Rim Read full description