VP - Financial Control - CA/CPA/ACCA - BFSI

Overall Job Purpose:

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 central controls which are critical monitoring checks for ensuring the accurate legal entity reporting.

Specific responsibilities of team includes and not restricted to:

- To take ownership of financials including Balance sheet control and month end closure

- To 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.

- 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.

- To ensure proper controls are in place and operating effectively

- 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

- The Senior Manger is expected to supervise the end to end production process, lead, manage and motivate staff in the team and be accountable for the Financials produced by the team.

- The Senior Manager is also expected to ensure that relevant financial controls are in place, reporting deliverables are met as per the global timelines and process risk identified and mitigated, as appropriate

- Timely and accurate closure of financial books by analyzing and reviewing the financials

- Review Balance sheet reconciliations and preparation of key MI (Management Information)

- Review and presentation of key financials in LoR (Letter of Representative) meetings including consolidation of all IAR (Items at Risk) / BNR (Balances not reconciled) and taking ownership of action items

- Understand end to end flow from transaction initiation to disclosure in the financial accounts and notes to account, trade enrichment of the balance sheet.

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

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

- Analysis of data, generate queries for trends / variances and gaps / inconsistencies and follow up to appropriate closure.

- 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

- Review of various attestation packs to enable the senior management to carry the Sox requirements and obligations

- Supporting various FCA submission on Regulatory Reporting relating to RWA's (Risk Weighted Assets)

- Analysis of data, generate queries for trends / spikes and troughs and inaccuracies and follow up to appropriate closure

Skills:

Essential:

Qualified Accountant - CA, CPA, ACCA

- 10 to 12 years post qualification experience

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