AVP - Financial Reporting - IFRS - Investment Banking

JOB TITLE:

Assistant Vice President - Financial Reporting / IFRS Reporting

Functional Overview:

The role is responsible for delivery of IFRS Reporting packs to the Group by maintaining highest standards of quality, reliability, accuracy within the agreed timelines. The position will oversee technical accounting research related to new and proposed accounting standards. He/She also supports and assists with the implementation, maintenance and review of internal controls and corporate policies and procedures.

The incumbent is also expected to proactively drive improvement initiatives to continuously enhance the global process, whilst maintaining the highest levels of governance and controls.

KEY RESPONSIBILITIES:

- Maintain Financial reporting integrity and review all data included in the financial reports for accuracy and completeness

- Prepare/maintain supporting documentation for financial statements and related footnotes and maintain standard list of accounting and reporting reviews for pre-quarter close

- Maintain list of business and accounting events prior to balance sheet date for support during business review of IFRS schedules

- Conduct reviews on critical processes such as head office expenses, cross-border recharges, hedge accounting, derivatives and related processes.

- Perform trial balance and general ledger reviews to confirm appropriate accounting and statement in books based on the above lists

- Engage with Data Quality and Assurance team for data reviews and confirmation on posting journals for appropriate rectification and adjustments to ledger data

- Engage with IFRS reporting team to ensure that reporting actions based on past-quarters- group queries have been completed and do not recur

- Perform quarterly analysis of movements in balances, variance and identify business reasons

- Working closely with stakeholders across Country finance, Business finance and Group Finance teams and manage expectations.

- Perform Financial Results Analysis (FRA) for submission to Group Finance

- Perform business review of IFRS schedules - profile & loss, balance sheet and off-balance sheet to confirm expected results are reported in the schedules

- Complying with all governance requirements - Process metrics review, Service review calls, BCP.

- Coordinate with internal and external auditors to provide timely information and support

- Building a strong functional and business knowledge in the teams.

- Actively participate in solution design and delivery for new developments such as IFRS 9

- Assists in recruiting, training and evaluating employees.

- Developing and implementing continued professional training for employees in partnership with the Learning and Development team.

- Coach, mentor employees to build a high performance team.

- Implement an effective governance process to sustain process standardization and automation

- Identify unique needs of country and group teams; build a robust service delivery model that does not disrupt the process organization

- Engage and collaborate with Country and Group teams for process, knowledge and change management

- Contribute effectively as Scope and FSSC Extended Leadership Team for GSSC and FSSC initiatives as necessary

Qualification:

- MBA/ Qualified Accountant- CA, CPA or CIMA (UK)

- 10 plus years post qualification relevant work experience in a Financial Reporting role preferably in a Financial services industry with specific experience in performing analytical reviews of legal entity/statutory reporting (schedules and data) with business in focus