AVP/VP - Financial Control - Investment Bank

Financial control team is responsible for the timely closure of financial books for Legal entities on a monthly, quarterly and annual basis. Financial Control is also responsible for supporting central controls which are critical monitoring checks for ensuring the accurate legal entity reporting. Specific responsibilities of team includes and not restricted to

- To take ownership of financials of legal entities including Balance sheet control and month end closure and review.

- To represent financial control in the LoR (Letter of Representation) meetings, which requires presenting financials, explaining monthly variances and tabling key issues and potential resolutions

- Production of reports for data analysis to identify and explain key trends /variances. Where any gaps or inconsistencies are noted, to follow up and work towards appropriate closure.

- Deal with product control, treasury and risk teams to ensure appropriate reporting and presentation of the P&L accounts and disclosure of the balance sheet accounts.

- Monitoring of capital levels and regulatory reporting.

- Support Pnl & Balance Sheet enrichment process. To ensure proper controls are in place and operating effectively

- Submit relevant regulatory reports and sign offs to the various regulatory teams.

The Senior Manger is expected to supervise the end to end production process, lead, manage and motivate staff in the team and be accountable for the Financials produced by the team.

Key specific accountabilities:

Monthend closure, Reporting and Reconciliations- 80%

Lead, Guide and Motivate the team to be able to deliver

- Timely and accurate closure of financial books by analyzing and reviewing the financials

- Review Balance sheet reconciliations and preparation of key MI (Management Information) and IAR.

- Review and presentation of key financials like LoR (Letter of Representative), Directors packs and other Financial statement analysis.

- Understand end to end flow from transaction initiation to disclosure in the financial accounts and notes to account, trade enrichment of the balance sheet.

- Review of various Group submissions including monthly / quarterly IFRS (International Financial Reporting Standards) reporting

- Ensure that appropriate transfer pricing/cost recharges between entities are conducted to ensure that the legal entity financials are properly reflected.

- Analysis of data, generate queries for trends / variances and gaps / inconsistencies and follow up to appropriate closure.

- Deal with product control and risk teams to ensure appropriate reporting and presentation of the P&L accounts and disclosure of the balance sheet accounts.

- Monitoring of capital levels and reporting of large exposures for different entities

- Review of various attestation packs to enable the senior management to carry the Sox requirements and obligations

- Supporting various FSA/local regulatory submissions.

- Analysis of data, generate queries for trends / spikes and troughs and inaccuracies and follow up to appropriate closure

- Support ad-hoc analysis

- Own the inter system mapping tables

- Production of Finance Operation KPIs.

- Own and Manage external and internal audits

- Take responsibility for personal and team's performance development, training and career development plans and ensure they are relevant and progressed.

- Share best practice across the Finance team.

- Actively contribute to both immediate team and relevant customer contact.

The jobholder is specifically expected to deliver continuous improvement in financial processes and controls by:

- Ensure all staff are effectively led, motivated, developed and appraised so that their individual and collective performance is of the required high standard and meets the current, as well as the future, needs of the business.

- Providing strong leadership to Finance staff and act as a coach to communicate and achieve the Finance objectives and vision.

- Promote and facilitate the application of Finance policies and procedures across the teams by monitoring adherence to the policies by the various Finance teams and ensuring in particular that they remain fully compliant with all finance regulatory/statutory requirements.

- Lead performance review within the Finance teams, analyzing and interpreting financial information, and advising/challenging and supporting the team leaders in improving the financial control and reporting environment.

- Seeking ways of rationalizing, leaning and enhancing the existing processes and controls.

Technical Knowledge

Essential:

- Qualified Accountant - CA, CPA, ACCA

- Strong academic background - 1st /2nd class honours, minimum bachelor degree from a reputable institution

Experience

Essential:

- Post qualification experience

- Experience in month end closure including Balance sheet control and IFRS reporting at Legal Entity

Preferred

- Experience of having employed in IB environment

Skills Required

Essential:

- Strong control mindset.

- Strong stakeholder engagement skills and understanding their requirements for effective execution

- Ability to lead teams and motivate staff

- Enthusiastic, motivated, self-starter, proactive and a team player.

- Good IT System skills;

- Strong interpersonal skills and excellent communicator. Desire to provide top quality service to internal stakeholders from different areas of the firm /geographies

- Willingness and ability to take ownership of issues and manage through to a successful resolution.

- Eye for detail and exception track record in managing and resolving conflict situations

- Ability to negotiate and influence senior management across the businesses

- Ability to build strong partnerships across the business with excellent stakeholder management

- Strong IFRS knowledge and its implications

- Excellent analytical and problem solving skills with ability to Think outside the box.

- Strong knowledge of financial statement disclosure