Vice President - Legal Entity Control - Investment Banking

VP Legal Entity Control

Financial Control(Investment Banking)

- 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 controls which are critical monitoring checks for ensuring the accurate legal entity reporting. Specific responsibilities of team includes and not restricted to

- Ownership of financials including Balance sheet control and month end closure

- 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.

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

- 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

- Support Pnl & Balance Sheet enrichment process

- Ensure proper controls are in place and operating effectively

- Engaging in the New Product Approval process and confirm the accounting treatment including coordination with relevant ops team to ensure that new accounts are opened and appropriate entries are passed

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

- Support and respond to ad-hoc data requests

CA with min 10+ yrs of exp

MBA with 12+yrs exp

Job Location: Chennai

- Qualified Accountant - CA, CPA, ACCA

- Strong academic background - minimum bachelor degree from a reputable institution

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

- Ability to manage and lead a team and interact with senior staff across multiple jurisdictions in multiple functions

- 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.

- 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

- Analytical and problem solving skills with ability to think outside the box.

- Strong knowledge of financial statement disclosure