Acies Consulting - Chartered Accountant

About Acies

Acies is multi-national firm in the business of consulting, technology applications, content management and strategic investments. The firm has and continues to partner with leading players in the financial services and technology ecosystem with the objective of achieving tangible positive outcomes by solving complex challenges using new age technologies and practices. The firm also enters into strategic alliances through investments and partnerships with leading and upcoming global technology players that seek to address infrastructural complexities in the financial and technology marketplace through the use of new-age technologies and approaches.

Acies is headquartered in Mumbai, India and has offices in Singapore and Malaysia and is expanding its global presence in other countries in the Asia Pacific, Middle East, and Africa. The firm is seeking to engage highly motivated and talented people to support our growth and continue to deliver a positive impact to our clients and ecosystem. We are looking for people whose integrity and excellence can help propel the firm to greater heights. The firm provides exceptional and equal opportunity for all applicants and employees without regard to race, religion, creed, color, national origin, gender, sexual orientation, age, marital status, physical or mental disability. We believe that our people should share in the success of our clients and our business. For more information about the firm and its business, please visit www.acies.holdings ACIES, Acies Consulting, Acies TechWorks, Acies Ventures, Acies LightHouse, Kepler, Kore, and Antares are registered trademarks of Acies Consulting LLP and its subsidiaries in India and/ or other countries.

Highlight of the engagement opportunity:

- Nature of role: Full time

- Number of years of experience expected: 0- 11+ years

- Areas of part experienced preferred: Consulting, Risk advisory services, Balance Sheet Management, Planning and Budgeting, Risk governance, internal controls, operational risk management, SOX reviews, compliance led reviews, regulatory reporting in the BFSI and/ or Consulting space, Compliance management, Third party risk management and GRC product development/ implementation, preferably in BFSI, CFO Advisory / Accounting Advisory / IFRS implementation / Product implementation / Hedge accounting

- Educational qualification expected: CA, ACCA, BBA, BAF, BBI, BFM, B. Com, CA or MBA in Finance

- Preferable additional certifications: Globally accepted certifications in Risk management / CFA /IFRS Diploma

- Preferred geography of previous work experience: India / Middle East / APAC / Europe / US

- Language requirements: Ability to write and speak fluently in English

- Technology proficiency preferred: SAP / GL systems / Python

Key responsibility areas:

Assist the team in executing BFSI and corporate client engagements with a focus on the following:

- Lead, and manage solution development in line with the business consulting outlook in the aforementioned subject matter areas

- Responsible for development of standard proposals, pitch decks in the subject matter area and engaging with the clients,

- Lead, manage and execute medium to large-scale accounting advisory projects with deep expertise

- Ability to write technical / supervisory memos / advisory documentation.

- Ability to analyses financial statement and suggest treatment for different financial assets / liabilities under different accounting standards

- Provide advisory services to the client on accounting areas such as IFRS 9, IFRS 15, IFRS 16, IFRS 17 or equivalent local standards

- Accounting treatment for different products as per the local regulatory requirements and accounting standards

- Advise clients on high-profile mandates in the financial services space with regards to complex and strategic issues

- Independently drive day-to-day execution of assigned client projects and internal initiatives

- Independently lead and continuously develop and mentor the team involved in the delivery of these projects

- Provide advisory and documentation to clients in financial services pertaining to process optimization and process improvements in line with their digital transformation requirements

- Undertake discussions with client business users to understand business requirements

- Assistance in documenting and performing UAT testing

- Design automation solutions related to business process optimization, data analytics and internal and regulatory reporting MIS in line with business requirements

- Serve banks and financial institutions by automating their business workflows

- Undertake project management services for ensuring smooth and timely closure on projects

- Drive the day-to-day execution of assigned projects.

Talent engagement opportunity:

- Work on no-code platforms such as MS Power Platform and Revolutio for designing automation applications

- Knowledge of banking set-up and various loan products and their characteristics including wholesale loans, auto loans, personal loans, mortgage finance, education loans, etc.

- Knowledge of Fund Transfer Pricing and associated pool wise profitability calculation

- Knowledge of budgeting methodologies adopted by financial services clients as part of strategic planning

- Knowledge of financial services capital planning and related regulatory requirements

- Undertake project management services for ensuring smooth and timely closure on projects.

- Evaluating the adequacy and effectiveness of policies, procedures, and controls

- Assist in the development of key risk and control indicators

- Review and development of risk ratings

- Assist in assessing risk, writing issues, and developing appropriate corrective actions

- Investigate root causes of operational risks and provide support to mitigate risk

- Evaluate changes in regulatory requirements and ensure clients business processes are enabled to ensure compliance with regulatory requirements

- Identification of Operational Risk Incidents and Loss events in line with Basel requirements

- Review and perform detailed Root Cause Analysis of critical events/ losses

- Perform and control the full audit cycle including risk management and control management over operations' effectiveness, financial reliability, and compliance with all applicable regulations

- Develop strong relationship with key stakeholders by addressing concerns in a timely manner

- Keep abreast of latest operational risk management techniques and industry best practices

- Requirement understanding and documentation of requirements related to the functional areas.

- Play a techno functional role in the product team

- Use our no-code platform to develop/ configure the business requirements

- Assist in the development of key risk and control indicators and define the methodologies

- Undertake discussions with client business users to understand business requirements

- Design automation solutions related to business ORM, third party management and compliance management in line with business requirements

- Serve banks and Insurance by understanding of BFSI industry, regulations and risk management standards

- Undertake project management services for ensuring smooth and timely closure on projects

- Drive the day-to-day execution of assigned projects.

- Identification of Operational Risk Incidents and Loss events in line with Basel requirements.

- Assistance in documenting the test cases and performing UAT testing

- Creating product development roadmaps, define new functionalities and envision product roadmap to meet emerging market requirements in the relevant areas.

- Knowledge of risk management services and related regulatory requirements

- Keep abreast of latest operational risk management techniques and industry best practices

- Develop strong relationship with key stakeholders by addressing concerns in a timely manner

- Comfortable with technologies and technology platform

- Knowledge of Ind AS / IFRS / US GAAP with working knowledge of differences between Indian GAAP and Ind AS

- Ability to write technical / supervisory memos / advisory documentation

- Ability to analyze financial statements and suggest treatment for different financial assets / liabilities under different accounting standards

- Knowledge of banking set-up and various loan product and their characteristics including wholesale loans, auto loans, personal loans, mortgage finance, education loans, etc

- Provide advisory services to clients on areas related to IFRS 9 including impairment modelling, PD and LGD modelling, hedge accounting and EIR based amortization

- Provide advisory services to clients on accounting areas related to IFRS 15, IFRS 16, IFRS 17 or equivalent local standards

- Accounting treatment for different products as per the local regulatory requirements and accounting standards

- Advise clients on high-profile mandates in the financial services space with regards to complex and strategic issues

- Undertake project management services for ensuring smooth and timely closure on projects Talent engagement opportunity

Other important information:

- Work permit requirements: Either Indian Citizen or having valid work permit to work in India

- Period of engagement: Full-time position

- Probation period: 6 months

- Compensation: Compensation varies depending on the skill, fitment and role played by the person.

- Compensation discussions will take place post the selection process.

- Performance incentives: Typically, all roles at Acies have a performance incentive. Specific aspects will be discussed during the compensation discussion

- Leave: 22 working days a year. Additional leaves for national holidays, sick leaves, maternity and paternity, bereavement and studies vary based on the city and country of engagement.

- Other benefits: Other employment benefits including medical insurance will be informed during the compensation discussion.

- Career growth for full-time roles: Acies believes in a transparent and data-based performance evaluation system. You are encouraged to clarify any questions you have with respect to career growth with Acies personnel you interact with during the selection process.

- Career opportunities for part-time roles: Conversion of part-time roles to full-time roles depends on both performance of the individual and business needs. You are encouraged to ask about the prospects as you interact with Acies personnel during the selection process.

- Global mobility: Acies encourages mobility across our offices. Such mobility is, however, subject to business needs and regulations governing immigration and employment in various countries.

Selection process:

We seek to be transparent during the selection process. While the actual process may vary from the process indicated below, the key steps involved are as follows:

- Interview: There are expected to be at least 3 rounds of interviews. The number of interview rounds may increase depending on the criticality and seniority of the role involved.

- Final discussion on career and compensation: Post final selection, a separate discussion will be set up to discuss compensation and career growth. You are encouraged to seek any clarifications you have during this discussion.

Preparation required:

It is recommended that you prepare on the following aspects before the selection process:

- Demonstrate hands-on experience and understanding of the financial services industry

- Understanding of products / exposures in the financial services industry (Banks / NBFC / Insurance)

- Financial statement analysis, balance sheet ratios

- Budgeting and capital planning

- Understanding of products / exposures in the financial services industry (Banks / NBFC / Insurance)

- Requirements of new accounting standards and changes from the previous versions for standards such as IFRS 9, IFRS 15, IFRS 16, IFRS 17 or their equivalent local standards

- Subject matter and sales expertise

Note: Looking for immediate joiners.