Job Description
Job Title - Accounting Controller
Location - Mumbai
Role Description - Summary
Accounting Control is a function within Financial Control and as such part of the Business Finance organization. The primary responsibility for a financial controller is to ensure correctness of Balance Sheet and P&L for their business areas (including formal sign-off in SAP). This includes but is not limited to substantiation as well as reconciliation of the Financials, ownership and control over the front-to-end month-end production cycle. Above all it is their core duty to create full transparency around every aspect of the Financials of the bank. In their Accounting Control function they are the SMEs cross business and cross function (up-stream) assisting other control functions resolving issues as well as continuously improving their processes.
What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Responsibilities / Tasks
Work as an Independent contributor or manage below functions:
• Balance sheet and P&L review/commentary of CIB Finance covering Emerging Markets Debt Business – products including Credit, Interest Rate and Structured products
• Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting
• Performs QA function for processes within his/her teams remit and regularly assesses the effectiveness of the checks
• Engages with CTB/SME ( Change the Bank / Subject Matter Expert) in order to deliver change
• First level of escalation for team issues and for stakeholder escalation
• Manages the resolution of product reconciliation break/exception items in a timely manner
• Monitoring of exceptions including investigation and explanation
• Review of Balance sheet substantiation
• Process standardization across business
• Provides summary of KRI's for their business area and remediation plans where SLA's are being missed and/or where issues exist
• Facilitates CTB initiatives and drives continuous improvement program within their team
• Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis
Your Skills & Experience
• 2+ years Product Control experience in Investment Banking or related industry.
• Strong understanding of financial market products such as Credit Derivatives, Interest Rate and exotic credit products
• Adaptable and culturally aware. Experience of working in a global environment preferable.
• Ensure team work culture is practiced.
• Ability to learn quickly.
• Ability to communicate effectively (oral & written) & strong interpersonal skills.
• Strong analytical and quantitative skills.
• Well organized & able to clearly present results of work.
• Essentials Competent use of MS-Office – specifically Excel and Access.
• Working with multiple data sources and having confidence in figures and presentation.
• Accuracy-driven and able to self review reports and other deliverables effectively.
• Be comfortable & willing to drive process improvement.
• Be able to constructively challenge.
• Be inquisitive.
• Knowledge of SAP and programming skills helpful but not required. SAP need to be learned quickly though.
• Should be diligent, thorough, shows initiative and is proactive.
• Proven ability to own and develop successful relationships with RPL, Operations and CSR
• Excellent team worker, able to work in virtual global teams and in a matrix organization
• Open minded, able to share information, transfer knowledge and expertise to team members
• Flexibility regarding problem solving
• Keeps pace with technical innovation and market driven initiatives and maintains a broad understanding of the GBS offering
• Strong interpersonal/good negotiations skills are required, in parts leadership
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about our diversity and inclusion policy and initiatives
Location - Mumbai
Role Description - Summary
Accounting Control is a function within Financial Control and as such part of the Business Finance organization. The primary responsibility for a financial controller is to ensure correctness of Balance Sheet and P&L for their business areas (including formal sign-off in SAP). This includes but is not limited to substantiation as well as reconciliation of the Financials, ownership and control over the front-to-end month-end production cycle. Above all it is their core duty to create full transparency around every aspect of the Financials of the bank. In their Accounting Control function they are the SMEs cross business and cross function (up-stream) assisting other control functions resolving issues as well as continuously improving their processes.
What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy
• Best in class leave policy
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above
Responsibilities / Tasks
Work as an Independent contributor or manage below functions:
• Balance sheet and P&L review/commentary of CIB Finance covering Emerging Markets Debt Business – products including Credit, Interest Rate and Structured products
• Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting
• Performs QA function for processes within his/her teams remit and regularly assesses the effectiveness of the checks
• Engages with CTB/SME ( Change the Bank / Subject Matter Expert) in order to deliver change
• First level of escalation for team issues and for stakeholder escalation
• Manages the resolution of product reconciliation break/exception items in a timely manner
• Monitoring of exceptions including investigation and explanation
• Review of Balance sheet substantiation
• Process standardization across business
• Provides summary of KRI's for their business area and remediation plans where SLA's are being missed and/or where issues exist
• Facilitates CTB initiatives and drives continuous improvement program within their team
• Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis
Your Skills & Experience
• 2+ years Product Control experience in Investment Banking or related industry.
• Strong understanding of financial market products such as Credit Derivatives, Interest Rate and exotic credit products
• Adaptable and culturally aware. Experience of working in a global environment preferable.
• Ensure team work culture is practiced.
• Ability to learn quickly.
• Ability to communicate effectively (oral & written) & strong interpersonal skills.
• Strong analytical and quantitative skills.
• Well organized & able to clearly present results of work.
• Essentials Competent use of MS-Office – specifically Excel and Access.
• Working with multiple data sources and having confidence in figures and presentation.
• Accuracy-driven and able to self review reports and other deliverables effectively.
• Be comfortable & willing to drive process improvement.
• Be able to constructively challenge.
• Be inquisitive.
• Knowledge of SAP and programming skills helpful but not required. SAP need to be learned quickly though.
• Should be diligent, thorough, shows initiative and is proactive.
• Proven ability to own and develop successful relationships with RPL, Operations and CSR
• Excellent team worker, able to work in virtual global teams and in a matrix organization
• Open minded, able to share information, transfer knowledge and expertise to team members
• Flexibility regarding problem solving
• Keeps pace with technical innovation and market driven initiatives and maintains a broad understanding of the GBS offering
• Strong interpersonal/good negotiations skills are required, in parts leadership
Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, ****** orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.
Click to find out more about our diversity and inclusion policy and initiatives
💡 Quick Summary
Seeking a career-building opportunity? The Accounting Controller AVP position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
