Senior Analyst - FINREG Analyst
Deutsche Bank AG
Mumbai, India
21h ago

Finance

It is crucial for the bank to understand how profitable each businesses activity is and Finance has a responsibility to understand precisely the resource commitment the bank makes to any given client or transaction e.

g. cost, capital, funding, liquidity and risk. Finance is playing a central role in keeping the bank focused on simplification and financial resource management.

With our diverse teams in 47 countries, we offer a broad portfolio of capabilities. Our key functions range from Group Finance, Treasury, Planning and Performance Management, and Investor Relations to enabling functions such as Finance Change and Administration.

These teams make sure we cover all Finance specific aspects for our internal and external stakeholders such as shareholder, employees, clients and regulators.

Together, it is the role of Finance to oversee all financial details for Deutsche Bank globally.

Sound financial principles are at the core of everything we do. That’s why Finance is vital to the way we run our business.

In a global marketplace that’s constantly evolving, being adaptable, decisive and accurate is critical.

Join us and you’ll be able to make a real difference in a dynamic global team with multiple career opportunities.

Position Overview

The Business Finance function is responsible for the production of business level revenue attribution, financial accounting and financial disclosures.

It ensures, on a daily basis, the accurate and timely reporting of Profit and Loss (PnL) for each business unit and ensures that the drivers behind the risk positions and PnL are fully understood and explained.

It also ensures that all of the Bank’s transactions and positions are correctly reflected in the Bank’s accounting records and disclosures, in accordance with relevant accounting standards.

Financial Control & Analysis

Financial Control & Analysis is responsible for providing periodic, accurate and independently validated reporting of CIB financials, while maximizing sustainable performance.

The Financial Control & Analysis manager plays a critical part in developing and implementing the strategy to mitigate the financial risk caused by control issues across the GL close process (monthly and daily).

The role encompasses Product and Business level alignment.

This role is within Business Finance, where the candidate will be accountable for the managing financial control functions.

The products covered are Loans, Bonds, Equities & OTC

Ensure that Balance Sheet and P&L in the General Ledger (GL) are complete, accurate and reported in line with IFRS, US GAAP and HGB accounting standards.

Perform month-end close activities SAP journals and reconciliations.

  • Balance sheet substantiation, i.e. obtaining requisite supports for GL accounts in line with MRP policy
  • Preparation of regulatory disclosures
  • Production of various MIS reports for the above businesses within agreed timelines
  • Coach new joinees in the team; allocate tasks and train them with guidance from manager.
  • Review work performed by analysts in the team.
  • Identify process gaps and suggest / implement improvements
  • Cross train colleagues and create back-ups for all tasks
  • Participate in weekly / monthly conference calls with onshore counterparts
  • Prepare and update documentation for the processes being performed
  • Provide documentation / evidence and timely response to ensure smooth Audit
  • Maintaining the SOX documentation as required
  • Experience

  • An experience of 3 - 5 years in the core accounting function of an organisation would be an advantage.
  • Strong understanding of financial market products such as Loans, Bonds & CDS.
  • Adaptable and culturally aware. Experience of working in a global environment preferable.
  • Proven ability to, own and develop successful relationships with front office and / or external clients
  • Strong team player with integrity
  • Ability to manage time effectively, prioritizes responsibilities, and escalates issues as necessary.
  • Excellent command of the English language
  • Proficient in Microsoft Office applications, strong Word and Excel skills required
  • Education :

    Commerce graduate / MBA (finance) or pursuing professional qualification in the areas of CA / ICWA / CFA.

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