Vice President - Legal Entity Controller - Loans & Commissions - Investment Bank

We are looking for Vice President - Legal Entity Controllers (Loans and Commissions) for a leading Investment Bank. Job Location is Pune.

Responsibilities:

- Act as a Senior SME for any accounting issues for Loans, Letter of Credit, Guarantees & trading & non-trading Commissions.

- Handle new business or queries for above products from Front office

- Co-ordinate with Accounting Policy group or Project team to provide due accounting & technical solution to Front office & other stakeholders.

- Support the team in closing Legal Entity books and records for Private Banking, Asset Management and Investment Banking entities in accordance with local and group accounting policies and timelines and local and group materiality i.e.

Executing month-end processes and procedures, including journals, data analysis, integrity checks and financial summaries and provide meaningful commentaries.

Execute / oversight of disclosures

- Understand the significant controls and processes within Control and Reporting that impact the entity and, where control issues are identified, obtain comfort that control

- Perform analytical review & review variance commentary for operating expense positions and coordinate with divisional controllers to understand the business rationale of movements.

- Prepare legal entity package (US GAAP and Swiss GAAP) used for presentations to Legal Entity controllers and senior management.

- Reviewing 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

Experience:

- Knowledge of US GAAP and Swiss GAAP accounting and regulatory requirements

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

- Basic Knowledge of operations of Private banking & Shared Services entities.

- Knowledge of the key processes for maintaining the accounting ledgers of the legal entity. The LEC must understand the data flows and related financial accounting controls for material and/ or higher risk balances within a legal entitys general ledger

- Clear understanding of control standards by which the legal entity and firm is governed.