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.
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
Position Specific Responsibilities and Accountabilities
Work as an Independent contributor or manage below functions:
• Balance sheet and P&L review/commentary of CIB Finance.
• Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting.
• Produce and review Business level internal and external financial disclosures
• Performs QA function for processes within his/her teams remit and regularly assesses the effectiveness of the checks
• Engages with CTB/SME (Change the Bank / Subject Matter Expert) in order to deliver change
• Facilitates CTB initiatives and drives continuous improvement program within their team
• First level of escalation for team issues and for stakeholder escalation
• Manages the resolution of product reconciliation break / exception items in a timely manner
• Close Self-Identified Issues and Audit points on timely basis
• Monitoring of exceptions including investigation and explanation
• Review of Balance sheet substantiation and perform Balance Sheet certification as Primary or Secondary Account Owner
• Process standardization across business
• Provides summary of KRI's for their business area and remediation plans where SLA's are being missed and/or where issues exist
• Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis
Experience/ Exposure
Education/ Qualifications
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability. Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.
Deutsche Bank does not accept unsolicited curriculum vitae from third party vendors.
Click here to apply
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
Position Specific Responsibilities and Accountabilities
Work as an Independent contributor or manage below functions:
• Balance sheet and P&L review/commentary of CIB Finance.
• Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting.
• Produce and review Business level internal and external financial disclosures
• Performs QA function for processes within his/her teams remit and regularly assesses the effectiveness of the checks
• Engages with CTB/SME (Change the Bank / Subject Matter Expert) in order to deliver change
• Facilitates CTB initiatives and drives continuous improvement program within their team
• First level of escalation for team issues and for stakeholder escalation
• Manages the resolution of product reconciliation break / exception items in a timely manner
• Close Self-Identified Issues and Audit points on timely basis
• Monitoring of exceptions including investigation and explanation
• Review of Balance sheet substantiation and perform Balance Sheet certification as Primary or Secondary Account Owner
• Process standardization across business
• Provides summary of KRI's for their business area and remediation plans where SLA's are being missed and/or where issues exist
• Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis
Experience/ Exposure
- An experience of 5-7 years in the core accounting function of an organisation would be an advantage.
- Strong understanding of financial market products such as Loans, Bonds, Equities, Rates & OTC.
- Adaptable and culturally aware. Experience of working in a global environment preferable.
- Ensure team work culture is practiced.
- Ability to learn quickly.
- Ability to communicate effectively (oral & written) & strong interpersonal skills.
- Strong analytical and quantitative skills.
- Well organized & able to clearly present results of work.
- Essentials Competent use of MS-Office
- Working with multiple data sources and having confidence in figures and presentation.
- Accuracy-driven and able to self review reports and other deliverables effectively.
- Be comfortable & willing to drive process improvement.
- Be able to constructively challenge.
- Be inquisitive.
- Knowledge of SAP and programming skills helpful but not required. SAP need to be learned quickly though.
- Should be diligent, thorough, shows initiative and is proactive.
- Proven ability to own and develop successful relationships with Revenue Control, Operations and CSR
- Excellent team worker, able to work in virtual global teams and in a matrix organization
- Open minded, able to share information, transfer knowledge and expertise to team members
- Flexibility regarding problem solving
- Keeps pace with technical innovation and market driven initiatives
- Strong interpersonal/good negotiations skills
Education/ Qualifications
- MBA (finance) or CA / ICWA / CFA.
Deutsche Bank is an equal opportunity employer who seeks to recruit and appoint the best available person for a job regardless of marital / civil partnership status, sex (including pregnancy), age, religion, belief, race, nationality and ethnic or national origin, colour, sexual orientation or disability. Please let us know if you require any adjustments to enable you to apply or attend an interview. If you would like to discuss your requirements, or have any concerns about the application process, please contact your recruiter.
Deutsche Bank does not accept unsolicited curriculum vitae from third party vendors.
Click here to apply
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