Posted By
Posted in
Banking & Finance
Job Code
79728
LOOKING FOR AVP/ VP (HEAD - ACCOUNTING RECONCILIATION) FOR LEADING BANK BASED OUT OF BANGALORE.
Location: Bangalore
Relevant accountancy qualification / University graduate (CPA, CA,ACCA etc)
Minimum of 10 - 12 years investment banking experience with exposure to product / accounting control
Degree holder in Commerce (preferable Accounting or finance major)
Principal assignment or reason for existence
Manage a team of 20-30 staff acting as a Product Control regional hub in charge of:
- accounting production, reconciliation and accounting certification for different countries
- accounting process streamlining
- project user acceptance tests and change management for accounting feeding & reconciliations
Coverage includes Capital Market activities (FX, Treasury, fixed Income, equity brokerage) and Financing activities (loans, guarantee)
Need for manager to be very operational as well. Will report to Head of Product Control
Main responsibilities
Product coverage: Listed products (equities/rates/FX futures and options, bonds, equities), OTC (forex, money market, interest rate derivatives, options, commodities,…) and Financing deals
Accounting production supervision
- Manual accounting journal posting in case product chain is not STP (5,000 journal entries per month)
- Accounting certification process (BS, OBS, PnL) to ensure swift & secure monthly accounting closing, including reconciliation BO-GL process, resulting discrepancies analysis, GL or inventory adjustment as per analysis
- Monthly PnL certification through reconciliation btw IFRS accounting results and daily PnL, including breaks analysis and solving
- Presentation of monthly accounting certification process as well as PnL certification process to various teams (PCG, CFOs for the 9 entities, Operations)
Accounting production streamlining
- Formalize issues noted in the monthly closing process, design action plan with various stakeholder and follow-up on the resolution
- Define preventive actions for recurring breaks, ie IT systems enhancement request, quality control on deal/accounting process
Other control tasks
- FX position reconciliation between FO and BO
- Cash balance reconciliation between FO and BO
- BASEL 2 Risk & GL reconciliation
- Internal Accounting balance control
Projects
- Automation on reconciliation tasks, automation to reduce break and manual accounting entries
- Define & execute process improvement plan on existing production controls & to shorten the processing time
- Assist project team on development of new Global systems and roll out of Global tools
Internal and/or external contacts
- Back office
- Accountants and Chief Finance Officer (CFOs of legal entities in the Region)
- IT support teams PCG teams (Certification, Referential, NPC, Internal Control and Control Framework Supervision)
- Middle office teams
Specific context of the position (environment, special features, etc)
Dipa Rani
Live Connections
8297041110
dipa@livecjobs.com
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Posted By
Posted in
Banking & Finance
Job Code
79728