Vacancy of the week: Business Control Lead Accountant – Commodities | Birmingham

Company Name:  Deutsche Bank
Location:  Birmingham
Job Type:  Permanent

Deutsche-bank-logoA Passion to Perform. It’s what drives us. More than a claim, this describes the way we do business. We’re committed to being the best financial services provider in the world, balancing passion with precision to deliver superior solutions for our clients. This is made possible by our people: agile minds, able to see beyond the obvious and act effectively in an ever-changing global business landscape. As you’ll discover, our culture supports this. Diverse, international and shaped by a variety of different perspectives, we’re driven by a shared sense of purpose. At every level agile thinking is nurtured. And at every level agile minds are rewarded with competitive pay, support and opportunities to excel.

Job Title: Business Control Lead Accountant – Commodities Financial Control
Corporate Title: Associate
Division: Global Financial Services
Location: Birmingham

Overview:
Global Financial Services (GFS) is a function within Global Business Services (GBS).
GFS functions include P&L (Profit & Loss), balance sheet substantiation, risk, independent pricing verification and month end processing of transaction feeds into regulatory reporting systems.
Business Control forms the overarching, end-to-end control of the Financial Services functions including Risk and P&L Production, Transaction Accounting and month-end close processes. Business Control roles play a critical part in developing and implementing the strategy to mitigate the financial risk caused by control issues across these functions for a given business.
You will be part of the Birmingham team, reporting into London and will be responsible for the accounting process for a subset of the Global Commodities business. The Commodities Franchise at Deutsche Bank has undergone a period of significant expansion over the last 4 years. It is mandated to continue this expansion by increasing its product scope and geographical footprint.

Key Responsibilities:

Global Financial Services (GFS) is a function within Global Business Services (GBS).
GFS functions include P&L, balance sheet substantiation, risk, independent pricing verification and month end processing of transaction feeds into regulatory reporting systems.
Responsibilities
*Month End Accounting process – reconciliation and substantiation of the Commodities P&L and Balance Sheet;
*Managing the month end PNL process, including submitting any required adjustments;
*Maintaining FX sell off process to manage FX currency exposure for Commodities;
*Complete Transfer pricing (TP) entries between regions and investigating TP breaks between entities;
*Review and investigation of intercompany trade breaks;
*Production of Management Reporting Packs, which evidences how the Balance Sheet was substantiated and highlights to senior management any issues;
*Primary contact for FOBO (Front Office back Office) reconciliation performed offshore; attending weekly control calls and assisting with resolution of breaks as required;
*Ability to identify sub-optimal process and design solutions to mitigate this;
*Investigations following the month end close around unsubstantiated balances or unexpected movements;
*Assist the rest of the team with ad hoc tasks, projects or initiatives including the drive for more automation, control and straight through processing;
You will have:
* A good accounting background
* Experience of balance sheets and their substantiation
* Strong management and communications skills
* Ability to work with all levels of management in a strategic manner
*Strong Microsoft products skills (Excel, Access, PowerPoint, etc)
*An interest in financials products e.g. derivatives, bonds and loans
*An analytical mindset and good approach to problem solving.
*Ability to work under pressure, understand complex business specifications as well as data requirements and work to tight deadlines
*Self starter and ability to communicate well across different groups at all levels
*Strong attention to detail and controls focus
*Good approach to problem solving and process focused
*Experience using MS Access Databases.
You will be:
*Degree minimum, ACA, ACCA or CIMA part-qualified or newly qualified.

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.

Industry: Accountancy
Start Date: ASAP
Salary: Negotiable
E-mail: [email protected]
Post Date: 11/02/2013
Job Ref: NGBFS

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