Accounting Control Senior Analyst, AVP

Job Description:

Job Title- Divisional Risk and Control Specialist

Location- Mumbai

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 individual is required to perform Analytics, Risk reporting and assessment for the FCO team. The individual would need to assess risks based on Incidents, Risks identified through self assessments, Policy requirements etc.

The individual is required to possess strong stake holder management skills (including global stakeholders)

• The individual must have a good understanding of Financial Reporting and the related processes
• The individual is expected to understand Sarbanes Oxley (SOx) related frameworks within the Risk & Control ambit.
• The individual 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 Reporting :

1.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 (dbIRS) 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.

2.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 SII write up clearly calls out the inherent risk, action plan, and ownership and due date is agreed with all impacted parties. Follow up on SIIs to track progress, raise concerns if there is any risk of falling overdue. Facilitate closure process for SIIs which meet the target closure date
• Audit Lifecycle Management: i) Provide support for Internal and external audits to ensure accountability is with findings owner throughout the lifecycle ii) Monitoring and timely escalation of overdue items to Sr Mgmt iii) Conduct health checks and provide support on audit issues and action plans from tracking & closure perspective
• Non-Financial Risk Reporting: Review of Monthly Balance Sheet Substantiation reports and ensuring timely escalation and well-commented / summarized details for Finance Sr Mgmt.

3.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, aggregard and analysed in accordance with SOx Framework

4.Engagement with Group Non-Financial Risk Management (NFRM):

• Consistently engage with Group Non-Financial Risk Management (NFRM) team to stay updated on the policy / procedures.
• Be the SME within the Global FCO team; Conduct Training within FCO / Finance.
• This profile plays an important role in certifying / validating information (Finance) used by NFRM team.
• Need to have a strong stakeholder relationship with NFRM team
• Respond to queries related to NFRM policies

5.Miscellaneous Projects & Trainings :

• Create Risk awareness by conducting trainings on various control topics
• Lead / execute various control initiatives – Control Week, Quiz, Floor Connects, Huddles etc.
• Contribute towards global projects being run across the bank – Control Oversight Programme

Your skills and experience

• Approximately 8 years of work experience with strong exposure to Operational Risk in a Banking/ Finance industry
• Good understanding of Financial Reporting and Disclosures (IFRS)
• Strong understanding of Sarbanes Oxley (SOx) framework
• Product and Process understanding, including knowledge of investment banking products/ business
• Have strong skills in Designing and implementing control landscape
• Attention to detail including an eye for spotting errors and redundancies in existing processes and procedures
• Building risk awareness amongst staff by providing support and training within the organization
• Strong analytical skills – ability to articulate succinctly
• Ability to engage and influence senior stakeholders
• Ability to work independently, as well as in a team environment, prioritize multiple tasks, and meets strict deadlines
• Proficient in Microsoft Office (MS Excel & PPT) applications
• Strong Influencing skills to drive Risk agenda and develop culture of Positive Risk management
• Demonstrated commitment to continuous process improvement

Education / Qualifications

• Chartered Accountant, Masters in Finance / Bachelors (with expert knowledge of - GAAP / IFRS accounting procedures and financial reporting practices) or other quantitative field (OR, Accountancy, etc)

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.htm

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, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Visit Inside Deutsche Bank to discover more about the culture of Deutsche Bank including Diversity, Equity & Inclusion, Leadership, Learning, Future of Work and more besides.