Finreg Associate - Mumbai, India - Deutsche Bank

Deutsche Bank

Verified Company

Mumbai, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

FinReg Associate:

Job ID:

R0292268
Full/Part-Time:Full-time
Regular/Temporary:Regular
Listed:
Location:

Mumbai
Position Overview:

In Scope of Position based Promotions (INTERNAL only)

Job Title:

Financial, Regulatory and Risk Reporting Analyst, AS**
Location:Mumbai, India**
Role Description: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.

Revenue Control roles have the following common characteristics:

Produce daily profit and loss for the business unit/trading center
Provide necessary transparency of controls done either for quality assurance or for final validation and control performance
Obtain necessary signoff from Front-Office (Traders) of the reported P&L
Resolve daily FOBO cash breaks for the business
Participate in CTB (Change the Bank) initiatives of the team as well as domainwide
Liaise with different support teams for escalation and remediation of daily issues encountered
Collaborate with Financial Controlles and Business Relationship managers to ensure front to back controls are managed effectively.
Work with different stakeholders to improve existing processes and outputs
Financial Control roles have the following common characteristics:
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
Second 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.
Work with different stakeholders to improve existing processes and outputs
The position sits with Rates Business for EMEA region.

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:

- role is Rates business aligned and will entail multiple sub product businesses.

Strong product knowledge on Interest Rates derivatives, with sound understanding of risks and valuations
Responsible for the oversight and management of the generation of the daily independent Risk and P&L in a timely manner, ensuring daily reconciliation and position reports as required.
Reviews any exceptions raised in reports by the team and/or escalated by the supervisor
As the key point of contact for traders and onshore colleagues, ensures all queries are rectified on a timely basis
Facilitates business growth and reorganisation. Involvement with the NPA (New Product Approval) process, making changes to reporting process as required.
Participate and execute strategic systems role out and other Change the Bank initiatives.
Work to ensure process standardisation across global product reporting, applied to both workflow practice and work tools that are used. Ensures a robust and scalable production process.
Responsible for the talent development and training requirements of team, delegating to supervisors where applicable
Flexibility regarding problem solving
Keeps pace with technical innovation and market driven initiatives
Strong interpersonal/good negotiations skills
Be comfortable & willing to drive process improvement.