Director - Financial Reporting - BFSI

We have a Director position open with an Investment Banking client based out of Pune.

Job Description:

About FR :

The Financial Reporting work stream delivers accurate and timely financial position, performance and changes in financial position through various processes including but not limited to head office and regulatory report generation and submission; exceptions investigation and resolution; inter-unit clearing; corporate taxation support; ledger and risk control; and underlying reference data maintenance to ensure transparency and integrity of management and financial reporting.

Job Requisition Details :

Role Description:

- The Director - FR is responsible for all delivery aspects of the period cycle reporting with responsibility for the control environment built around the delivery model.

- This role has oversight responsibility for the integrity (completeness and accuracy) of financial statement / regulatory reporting information recorded in Books and records for various divisions / legal entities of DB. This requires collaboration with the on shore finance teams and lines of business Finance Directors / Managers that have activity in that division / legal entity, so as to ensure that divisions / legal entity’s implications (e.g., accounting policy, regulatory reporting, capital) of transactions are considered.

- Along with playing the region specific role, the expectation would be to play a FR wide role in supporting the FR lead on Operations management, Governance, Talent & Stakeholder management and driving FR wide initiatives.

- This role would also provides strategic direction and engagement on various Finance / PSC lead projects and initiatives.

Responsibilities:

- Month end close for local and Head Office reporting;

- Accounting and reporting for via the onshore CFO function, including US GAAP and IFRS reporting to Head Office and the preparation of financial statements under all required GAAPs and support of external audit work required.

- Preparing the Group Consolidation and any other relevant sub-consolidation for financial reporting purposes for review by the appropriate CFO function, if applicable.

- Lead / drive Finance wide FR strategic projects which deliver on functional alignment, re-designing / enhancing effectiveness of control environment and meet group audit and regulatory requirements.

- Engage and contribute to Pune wide initiatives which would require working across all work streams

- Provide support to FR Pune lead in the areas of

- Operations management – Managing delivery, QA effectiveness, Issue Management, KRIs, driving improvements

- Governance – Adherence to framework for process change, migrations, on boarding and manage financials for FR

- Talent management – Hiring, driving retention strategies, employee engagement and promote talent

- Stakeholder management – Connectivity with key stakeholders, build and leverage partnership in driving FR wide initiatives – Floor engagement for active participation of team members in key initiatives

- Participate in Finance system or process enhancement initiatives.

- Participate in control initiatives, including General Ledger Reconciliation and Substantiation.

- Generating MIS Packs, Exception management including reconciliation and break resolution.

Key Accountabilities :

- Defining the strategy for the Finance PSC which should include thoughts and ideas on what the market is doing and what is feasible within DB.

- Evaluating strategy periodically and refining basis market movements and DB requirements.

- Reviews industry best practice methods in delivering customer service and ensures that this gets integrated into how the team functions

- Driving Productivity and Efficiency within the Operations centres through Six sigma / LEAN approaches.

- Ensures that customer impact/benefit is well understood when making all business decisions – acting as an advocate for the customer and ensuring that we can clearly articulate this to all stakeholders

- Acts as the owner of the business, taking a whole business view, challenging poor performance or unnecessary spend both within and outside of team; enthusiastically advocating the business and its activities to all stakeholders, going to extraordinary lengths to drive overall business’ success.

- Finds frequent opportunities to show passion and enthusiasm for what they do and what we can achieve (i.e. when meeting customers, presenting, in 1:1 discussion, in writing etc)

- Strong operational mindset to manage large high performance teams (50+) of qualified and experienced professionals

- Understands over-arching model and functional strategy and ensures key stakeholders are aligned.

- Ensures adherence to governance framework

- Builds strong "trusted partner" relationships with all major stakeholders.

- Articulating and executing a clear strategy on the development & retention of people

- Develops members of the team as part of a succession plan

- Establishes reputation as an "expert" by peers.

- Make decisions and/or provide mitigation strategies for escalated issues and risks

- Demonstrates deep cost discipline

- Active contribution to organisation wide projects, initiatives and improvement opportunities

Qualifications and Skills:

- Chartered Accountant and / or Certified Public Accountant and / or Company Secretary

- 20+ years working experience (preferably in Finance teams of banks, or investment banks).

- Prior experience in a controllership role would be highly valuable.

- A deep and extensive understanding of US GAAP & IFRS

- A deep and extensive understanding of Regulatory Reporting.

Additionally :

- Candidates must have a working knowledge of financial platforms, coupled with a desire to challenge and improve current processes.

- Candidates must have an excellent ability to network and reach across regional and cultural boundaries.

- Candidates must be highly organized and detail oriented, with the ability to strategize, engage with and motivate the team to deliver on established deadlines.

Candidates with relevant experience are requested to share their resumes ASAP to me.

Papia Roy