AVP - Legal Entity Controller - Banking Captive

People with International Banking captive experience are only required.

Education /Skills

- Professional Accoutancy Qualification (CA or CPA highly preferred) or MBA

- 10+ years of overall experience with 2-3 years of LEC experience

- Leadership experience of at least 3 years

- Analytical and structured thinking and problem solving skills

- Leadership, Collaboration & Organising skills

- Experience in accounting of Trading & Derivative Products

- Knowledge of US GAAP or IFRS or any GAAP accounting requirements

Description

Divisional Overview:

- The Legal Entity Controllers sit in Legal Entity Accounting and Review (LEAR) and are the main point of contact to the Stakeholder Managers for all financial information, including both routine and ad-hoc requirements, related to a single or a group of Legal Entities.

- LEAR's purpose is to support the Group Finance team and the Regional Legal Entity Finance teams in the fulfilment of their reporting and governance responsibilities via the delivery of materially accurate, policy- and GAAP-compliant core financials and baseline analytical review.

- They are accountable (for a given Legal Entity or group of legal entities) for ensuring that financial reporting processes and controls in place within Financial & Management Accounting & Reporting (FMAR) are fit for purpose and that the quality of the outputs produced as a result meets stakeholder requirements (accurate, timely, etc).

Legal Entity Controllers are within and part of the process owner organisation.

Tasks / Responsibilities:

Month end close

- Support LEC team with finalisation of Balance Sheet, Income Statement & Cash Flows for Investment Banking (IB) & Private Banking (PB) entities

- Central Tax Accounting & Reporting lead & Interface for Siwss IB & PB entities

- Central Lead for Swiss GAAP Reporting Governance for all Swiss IB & PB Entities

- Perform analytical review & variance commentary for Financial Statements and coordinate with divisional controllers to understand the business rationale of movements. Ensure that accounting has been done as per accounting policies

- Support team with in investigation and resolution of inter-company breaks. Ensuring that there are no unexplained / unidentified inter-company breaks

- Prepare legal entity package used for presentations to Legal Entity controllers and senior management

- Performing SoX sign off and ensuring appropriate substantiation for SOX and quality assurance review.

- Addressing ad hoc queries from various stakeholders and counterparties, e.g. Tax, Consolidation, internal and external auditors and divisional finance teams globally.

- To drive process improvements within areas under responsibility.

Involvement in change & project initiatives

- Drive Change projects or Policy Implementation Projects from LEC perspective to support any change initiavtives, accounting policy changes or new reporting requirements for Swiss entities.

- Proactively support Organisational Change initiatives and constantly review processes for effeciencies by challenging status-quo of existing processes/practices

Qualifications

You Offer:

- An understanding of key aspects associated with the financial statements and the notes to the financial statements of the legal entity

- Legal Entity Controlling or Financial Accounting Experience of at least 2-3 years

- Experience in accounting of Trading & Derivative Products

- Knowledge of US GAAP or IFRS or any GAAP accounting requirements

- Basic Knowledge of operations of Investment Banking function in an IB organisation

- Clear understanding of control standards by which the legal entity and firm is governed, including those established by the Pan Finance OpRisk Control & SOX 404 Compliance function