Treasury and Business Finance -Financial Control and Analysis AVP (Evergreen)

Treasury and Business Finance –Financial Control and Analysis AVP (Evergreen)

Job ID: R0260406 Listed: 2024-06-04

Regular/Temporary: Regular

Location: Manila

Position Overview

Additional Job Description

Job Title: Treasury and Business Finance –Financial Control and Analysis AVP

Location: Manila

Corporate Title : Assistant Vice-President

Treasury and Business Finance (TBF) owns the Treasury and Investment Banking Finance controls and provides insights on Treasury and Business performance. TBF is a control function with a critical role of ensuring integrity, completeness, and accuracy of the Bank’s financial books and records. The group performs the Product Control function, which entails providing transparent and accurate valuation and appropriate regulatory control to avoid reputational damage to the Bank. In Deutsche Bank, this control function leverages on a multi-skilled team with capabilities to understand the financial impact of trades from the analysis of Risks and Profit and Loss up to the substantiation of the Balance Sheets, and interacts with a diverse set of stakeholders.

The Financial Control and Analysis function performs various period-end activities inclusive of but not limited to journal postings, MAFA (Management Accounts vs Financial Accounts) and FOBO (Front Office vs Back Office) reconciliations, hedge accounting and substantiating balance sheet accounts - to ensure accuracy and completeness of financial and risk reports for multiple legal entities globally.

What we’ll offer you

• Medical and Life Insurance upon employment

Your key responsibilities

• Reconcile and close the month-end General Ledger for the accounts (Balance Sheet and P&L) for Fixed Income and Currencies relating to the Business and Entities within the Service Level Agreement (SLA)
• Perform Foreign Exchange (FX) Position reconciliation ensuring that breaks are investigated and any aged ones escalated properly
• Investigate and clear exceptions/break items, interacting with Risk Profit & Loss, Operations and Transaction Accounting teams to ensure that Management Accounting/ Financial Accounting (MAFA) reconciliation of all forms are clean and aged breaks have clear ownership and defined escalation process for designated product/asset
• Improve processes and linking this to the upstream/downstream processes and outputs for designated product/asset, as well as implement standardization (and improvements) to methodologies and outputs

Your skills and experience

• Bachelor's Degree in either Accountancy or Business equivalent degree, while further professional qualification or study .e.g. CPA, CFA, CMA, or Master’s Degree will be an advantage
• Relevant experience in accounting or finance gained from the Banking, Investment of Financial Services industry
• Knowledge of a range of financial products and markets will be expected from you in this role, including derivatives
• Able to work with deadlines in an accurate manner, and clearly present results of work

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

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

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.

Click here to find out more about our diversity and inclusion policy and initiatives.

• Additional Job Description Additional Job Description

  Additional Job Description

  Job Title: Treasury and Business Finance –Financial Control and Analysis AVP

  Location: Manila

  Corporate Title : Assistant Vice-President

  Treasury and Business Finance (TBF) owns the Treasury and Investment Banking Finance controls and provides insights on Treasury and Business performance. TBF is a control function with a critical role of ensuring integrity, completeness, and accuracy of the Bank’s financial books and records. The group performs the Product Control function, which entails providing transparent and accurate valuation and appropriate regulatory control to avoid reputational damage to the Bank. In Deutsche Bank, this control function leverages on a multi-skilled team with capabilities to understand the financial impact of trades from the analysis of Risks and Profit and Loss up to the substantiation of the Balance Sheets, and interacts with a diverse set of stakeholders.

  The Financial Control and Analysis function performs various period-end activities inclusive of but not limited to journal postings, MAFA (Management Accounts vs Financial Accounts) and FOBO (Front Office vs Back Office) reconciliations, hedge accounting and substantiating balance sheet accounts - to ensure accuracy and completeness of financial and risk reports for multiple legal entities globally.

  What we’ll offer you

  • Competitive Salary
  • Attractive Retirement Benefit
  • Medical and Life Insurance upon employment
  • 20 days Annual Vacation Leaves

  Your key responsibilities

  • Reconcile and close the month-end General Ledger for the accounts (Balance Sheet and P&L) for Fixed Income and Currencies relating to the Business and Entities within the Service Level Agreement (SLA)
  • Perform Foreign Exchange (FX) Position reconciliation ensuring that breaks are investigated and any aged ones escalated properly
  • Investigate and clear exceptions/break items, interacting with Risk Profit & Loss, Operations and Transaction Accounting teams to ensure that Management Accounting/ Financial Accounting (MAFA) reconciliation of all forms are clean and aged breaks have clear ownership and defined escalation process for designated product/asset
  • Improve processes and linking this to the upstream/downstream processes and outputs for designated product/asset, as well as implement standardization (and improvements) to methodologies and outputs

  Your skills and experience

  • Bachelor's Degree in either Accountancy or Business equivalent degree, while further professional qualification or study .e.g. CPA, CFA, CMA, or Master’s Degree will be an advantage
  • Relevant experience in accounting or finance gained from the Banking, Investment of Financial Services industry
  • Knowledge of a range of financial products and markets will be expected from you in this role, including derivatives
  • Able to work with deadlines in an accurate manner, and clearly present results of work

  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

  About us and our teams

  Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

  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.

  Click here to find out more about our diversity and inclusion policy and initiatives.

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. #J-18808-Ljbffr