Accounting Control Specialist

  • Negotiable
  • Jacksonville, FL, USA
  • Permanent, Full time
  • Deutsche Bank - US
  • 13 Feb 18 2018-02-13

Accounting Control is responsible for providing daily, accurate, and independently validated reporting of Global Market financials, while maximizing sustainable performance. The Accounting Control 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.

Global Product Control

The Product Control function is responsible for the production of business-level market risk exposures, revenue attribution, client valuations, and transaction-based accounting and financial disclosures.

It ensures, on a daily basis, the accurate and timely reporting of market risk exposures and 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.

Accounting Control

Accounting Control is responsible for providing daily, accurate, and independently validated reporting of Global Market financials, while maximizing sustainable performance. The Accounting Control 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.

General Responsibilities Accounting Control Team:

  • Ensure that product and business level revenue and balance sheet postings to the general ledger are accurate and reconciled to front office balances
  • Produce and submit Business level internal and external financial disclosures
  • Partner with Business Control and Risk & PL teams to ensure that the new trades are booked and accounted for correctly in the Financial Accounts
  • Ensure that all bespoke trades are accurately recorded on the Financial Accounts
  • Responsible for ensuring the profit center level MAFA, FOBO, HGB vs. IFRS and the CRES vs. Financial reconciliations are performed
  • Reconcile Front Office FX exposure to the General Ledger and facilitate sale of material CCY balances
  • Partnering with the Risk & PL team to ensure that all adjustments to the financials are reviewed, reconciled, aged, and understood
  • Responsibilities:
  • Review and monitor MIS of reconciliation breaks in amount and ageing to ensure all material breaks have been captured in the Financials
  • Review and managed timely resolution of business level MAFA breaks
  • Produce and review Business level internal and external financial disclosures
  • Ensure the appropriate levels of controls/QA are being performed
  • Review and ensure clearance of product level FOBO reconciliation breaks
  • Posts non-product aligned journals into the ledger (Funding, Reserves, Stat Transfer, IPV adjs)
  • Perform MRP balance sheet certification as Primary or Secondary Account Owner
  • Investigating and clear exceptions/break items, interacting with Risk & PL, Ops and other GTO teams when necessary
  • Identifying relevant financial control risks that are present within the Business and or Product accounting and deliver solutions that mitigate the risks
  • Engage with Cross Asset Team, Operation, Risk & PL, and the Business in order to deliver change
  • Ensuring that Key Operating Procedures are reviewed for relevance and effectiveness on a timely basis
  • Close Self-Identified Issues and Audit points on timely basis
  • Escalate any aging and/or contentious issues to direct managerAccounting:
  • Required Skills and Experience
  • CPA / Bachelor's degree in Accounting or Finance, or equivalent experience
  • Industry, Product, Application, & Process Knowledge:
  • Relevant experience in Financial Services / Product or Financial Control
  • Experience of working in an environment with a complex system architecture
  • Experience of using Excel is a requirement (i.e. v-lookups, pivot tables, etc.)
  • Soft Skills:
  • Strong Leadership and motivational skills
  • Desire to always improve processes that is responsible for
  • Organized approach to work and able to track issues and escalate as necessary
  • Analytical and problem solving skills
  • Good oral and written communication skills