Accounting Control Senior Analyst

In Scope of Position based Promotions (INTERNAL only)

Job Title: Accounting Control Senior Analyst

Corporate Title: Associate

Location: Mumbai, India

Role Description

About Finance Control Oversight (FCO)

• Finance Control Oversight (FCO) mandate is to support the Chief Financial Office by providing an aggregated view of risk and assist in managing these risks against the defined risk appetite. FCO also maintain strong connections in the regions and will support the regional CFOs across Americas, EMEA and APAC in their quarterly sign off of the Financials through the independent assessment of risks and control issues.
• The team support Finance and other stakeholders, including Infrastructure and Businesses, by implementing a robust risk management framework including the management of the SOx and Balance Sheet Substantiation frameworks.

About the Role

• The Finance Control oversight (FCO) team review and manage Accounting and Financial Reporting Risk within Risk Appetite and, where out of Risk Appetite, ensure appropriate actions are taken to remediate and return to within Risk Appetite.
• FCO work with multiple teams to consider the strength of controls related to key CFO activities, assess the significance of any control gaps or controls that are deemed not to be operating effectively, and assist in the design of remediation plans.
• FCO manages the Control Frameworks for SOx (Sarbanes-Oxley act) and Balance Sheet Substantiation, including conducting risk assessments, reporting control gaps and ensuring remediation.

Assist Business Area Lead (BAL) within the FCO team:

• Work with CFO teams to identify, assess and remediate risks to ensure Internal Controls over Financial Reporting within the SOx framework are operating effectively
• Assess of financial reporting errors (including operational loss events) to analyse the root cause (lessons learned), and consider the impact for any similar issues that may exist (read-across)
• Perform scenario analysis to identify any potential control gaps or weaknesses
• Assess the impact of any future change in financial reporting control frameworks
• Monitor financial reporting risks, including development of key risk indicator metrics to assess if within risk appetite tolerance

The individual:

• is required to possess strong stake holder management skills
• is expected to understand Sarbanes Oxley (SOx) related frameworks within the Risk & Control ambit.
• is required to possess strong communication and articulation skills that could be demonstrated in all forms of communication and presentations
• The role involves front to back review of issues / findings / events to assess its impact of on Internal Control over Financial Reporting

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

Your key responsibilities

Risk Management:

Incident reporting

• Responsible for Incident reporting including engagement with line, challenging the line on details submitted, ensuring that write up correctly reflects the issue and calls out control gaps / failures, Incidents are reported as per policy and also recorded in Incident Reporting System (EMApp) depending upon thresholds in a timely manner.
• The individual is expected to continuously monitor and track for Event Data Quality of the events as well as ensure timely closure of incidents within stipulated time frame.

Risk & Control Reporting

• Establish and implement procedures to monitor measure and improve product performance against SOx, Control Policies, regularly measuring or receiving output of measurements to demonstrate areas of concern and compliance with standards.
• Self-identified Issues: Liaise with business to understand issues, challenge ratings in line with the Rating Grid, ensure that Self-Identified Issue (SII) write up clearly calls out the inherent risk, action plan, and ownership and due date is agreed with all impacted parties.
• Non-Financial Risk Reporting: Review of Monthly Balance Sheet Substantiation reports and ensuring timely escalation and well-commented / summarized details for Finance Sr Mgmt.

Preventive Risk Management Practices

• Deep Dives: Perform process deep dives on high risk areas. Understand the identified process in detail and its current control framework and analyze risks to identify any gaps in current framework. Any gaps so identified need to be agreed with management and a remediation plan to be agreed - SIIs to be raised if required
• Financial Reporting Oversight: Provide oversight and direction of risk management process ensuring risks covered are accurately measured, aggregated and analysed in accordance with SOx Framework

Your skills and experience

• Approximately 4-6 years of work experience with strong exposure to Operational Risk in a Banking/Finance industry
• Good understanding of Financial Reporting and Disclosures (IFRS)
• Good understanding of Sarbanes Oxley (SOx) framework, or
• Product and Process understanding, including knowledge of investment banking products/ business.
• Skills in reviewing control landscape.
• Attention to detail including an eye for spotting errors and redundancies in existing processes and procedures.
• Strong analytical skills – ability to articulate succinctly.
• Ability to work in a team environment, prioritize multiple tasks, and meets strict deadlines.
• Proficient in Microsoft Office (MS Excel & PPT) applications
• Demonstrated commitment to continuous process improvement.

Education/ Qualifications

• University Degree in Finance or other quantitative field (Operational Risk, Accountancy, etc), with preference towards candidate pursuing accounting or risk management qualification (MBA (Finance) / Chartered Accountant)

How we’ll support you

• Training and development to help you excel in your career.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs.

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.