R0175418 Business Finance, AVP

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Job Description

Additional Job Description

Details Of The Division And Team

Treasury and Business Finance (TBF) owns the Treasury and Investment Banking Finance controls and provides insights on Treasury and Business performance. TBF is a control function with a critical role of ensuring integrity, completeness, and accuracy of the Bank’s financial books and records. The group performs the Product Control function, which entails providing 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 and Loss up to the substantiation of the Balance Sheets, and interacts with a diverse set of stakeholders.

Your Key Responsibilities

  • Business Facing Role
  • Partnering with the Front Office and other infrastructure departments to proactively support new initiatives/products/trading strategies from the business.
  • Face off and cooperate with Tax professionals and internal/external auditors to ensure regulatory and compliance reporting is completed on a timely basis
  • Report Production and Month-end Support
  • Communicate with and manage expectations from respective stakeholders on report specifications, requirements, priorities and timeline
  • Daily P/L reporting
  • Support month-end processes to ensure accounting entries are properly posted in the General Ledger for a number of entities in conformity of accounting regulatory disclosure requirements in a tight deadline.
  • Substantiate balances in the balance sheets for a number of entities with a variety of business natures, trading strategies and products by establishing and implementing proper procedures to collect and to review proof and supporting documents.
  • Map-out and maintain a robust control environment that regularly reconciles the risk and PL in the Front Office view, the settlement systems and the General Ledger environment to enhance reporting integrity and accuracy.
  • Participate in work stream forums to identify requirements to streamline processes from a full Front-to-back control view point all the way down to specific financials.
  • Facilitate and maintain Key Operating Procedure (KOP) for all relevant processes
  • Analysis and Review
  • NPA (New product approval) and pre-deal analysis
  • Review reasonableness of system reports ; identify , reconcile, investigate and follow up on irregularities and breaks
  • Constantly challenge existing processes and make proposals for areas of improvements
  • Identify opportunities and plan tasks migration to offshore service centers to achieve a target operating model which encourages synergy across all businesses in a global scale
  • Service Level Management and Relationship Building
  • Influence the level and quality of services provided by support groups across various locations via strong work relationship building and SLA monitoring
  • Monitoring of monthly service compliance KPIs
  • Manage and resolve issues by root cause analysis

Your Skills And Experience

  • Minimum 5 years’ experience in product control and financial control function
  • Direct exposure to fixed income products, debt and derivatives products within an investment bank
  • Strong knowledge and understanding of accounting principles such as IFRS and transfer pricing
  • Results focused with the ability to prioritize a large and varied task list
  • Strong interpersonal skills and ability to manage relationships with stakeholders across the Bank
  • Excellent proficiency in written and spoken English required, additional proficiency in an Asian language will be a plus
  • Strong analytical & data interpretation skills
  • Excellent computer skills including practical use of Microsoft Word, Excel, Access and PowerPoint
  • Qualified Accountant (e.g. AICPA, ACCA)

How We’ll Support You

  • Flexible working to assist you balance your personal priorities
  • 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
  • Training and development to help you excel in your career

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