ManilaJob ID: 3189901 Full/Part-Time: Full-time Regular/Temporary: Regular Listed: 2019-04-02
Location: Manila, Philippines
Deutsche Knowledge Services (DKS) operates as a shared service center for Finance, Global Business Services and IT. A wholly owned subsidiary* of the Deutsche Bank Group, operating out of the Philippines, DKS provides accounting, reporting, profit and loss, cost, reconciliation, MIS, risk control, information technology and operations services (including confirmations and settlements) to internal businesses worldwide.Position OverviewAbout Business FinanceThe Business Finance group of Deutsche Bank is an independent control function with a critical role of ensuring integrity, completeness, and accuracy of the Bank’s financial books and records. A core component of Business Finance is the Product Control function. As the name suggests, Product Control is a control function found in Financial Institutions, primarily in Investment Banks. Product Control is a crucial part of finance, and provides transparent and accurate valuation and appropriate regulatory control to avoid reputational damage to the Bank. In Deutsche Bank, this control function leverages on a multi-skilled team with capabilities to understand the financial impact of trades from the analysis of Risks and Profit & Loss up to the substantiation of the Balance Sheets- and creates a strong connectivity between the finance processes and the business.The Risk and Profit & Loss team is responsible for producing daily profit-and-loss and risk numbers for the trading desks. It ensures all trading activities and figures are properly recorded and validated based on the Bank controls. It provides accurate data to the businesses and downstream groups on a daily basis.
The Accounting Control core responsibility is to ensure the completeness and accuracy of the General Ledger for the transactions and products and provide full balance sheet substantiation for the product-specific accounts. It is also responsible for reconciling and closing the month-end General Ledger for the accounts (BS and P&L) for the Product(s) relating to the Business and Entities within the SLA. It improves processes and link them to the upstream/downstream processes and product-specific outputs. It ensures that MAFA reconciliation is clean and aged breaks have clear ownership and defined escalation process. It implements standardization and improvements to methodologies. It participates in Change the Bank (CTB) initiatives of the team as well as domain-wide. It works with different stakeholders to improve existing processes and outputs.As an Accounting Controller, you will reconcile and close the month-end General Ledger for the accounts (BS and P&L) for the Product(s) relating to the Business and Entities within the SLA; You will perform FX Position reconciliation ensuring that breaks are investigated and any aged ones escalated properly. You will investigate and clear exceptions/break items, interacting with T+1, Ops and Transaction Accountants in other locations when necessary; You will be working and coordinating with the P&L teams in making sure that MAFA reconciliation of all forms are clean and aged breaks have clear ownership and defined escalation process (product specific); You will improve processes and linking this to the upstream/downstream processes and outputs (product specific); You will implement standardization (and improvements) to methodologies and outputs (product specific).RequirementsThe ideal candidate for this role has an extensive experience working in the Banking, Investment or Finance-related industry. Knowledge of a range of financial products and markets including derivatives is expected, while knowledge of US-GAAP/IAS is beneficial. A proven track record of working with deadlines in an accurate manner and the ability to clearly present results of work is required.A degree in Accountancy, Finance, Economic, Business, Mathematics, Financial Engineering or equivalent is essential while further professional qualification or study .e.g. CPA, CFA, CMA, or Master’s Degree will be an advantage.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability.
Deutsche Bank does not accept unsolicited curriculum vitae from third party vendors.
