Assistant Vice President – US Regulatory Reporting recruitment
Job Summary:
The AVP plays the pivotal role between his/her Team, Senior Management and the Client. This role requires one to have deep understanding of the Financial Reporting and preferably Regulatory Reporting so that, he/she can identify improvement opportunities, help the team when in need and take the quality of the process to the next level. Predominantly this person has to coach and mentor the team and ensure accurate, timely and quality delivery of services provided within a risk-free and controlled environment, to ensure Deutsche Bank’s overall client satisfaction. Tasks include the reporting of consolidated financial data for Americas.
Primary Responsibilities
Functional responsibilities
- Regulatory reporting in Deutsche Bank
- Understand the complete end-to-end process flow from HO reporting to final submission of regulatory reports with The Federal Reserve Bank and SEC
- Knowledge and interpretation of US GAAP and IFRS for reporting purposes
- Identification, investigation, monitoring and resolution of upstream and downstream system reconciliations to ensure end-to-end data integrity for finance relevant information.
- Resolve Federal Reserve Bank and SEC queries and audit documentation
- Managing internal external audits
- Periodically test and reassess controls to ensure they continue to perform and deliver intended results.
- Review team tasks processes on regular basis and contribute to reengineering / efficiency initiatives
- Offer suggestions for process improvement, systems development or enhanced customer service
- If output is not in line with expectations, understand outliers and reasons for them. Escalate issues coming out of the process and key controls that may impact the validity of reported data
- Ensure the impact of escalations is considered and reviewed at an appropriate level
- Consistently maintain high levels of customer service and look for innovation and improvement
- Actively inform clients of new developments and provide status updates
Other responsibilities
- Track and monitor these issues; work with team members to understand root cause of problem put in place remedial measures to ensure non-recurrence of these issues.
- Build team resiliency, ensuring cross-training and back-ups are in place, not only from MTA absence perspective, but also from key-man / attrition risk perspective.
- Motivate, mentor, guide and coach the team to raise / maintain performance levels to expected standards in the PSC
- Ensure free communication / approachability with team members to discuss ongoing issues provide updates on PSC initiatives changing expectations.
- Handle team conflicts, time management, discipline and general work ethic issues within the team
- Build maintain strong client relationships, report and agree team performance KPIs with clients. Actively participate in KPI governance calls / meetings with onshore clients and RM/SM forums.
- Adhere to PSC framework on process documentation - ensure regular updation of KOPs/BPMns / CRF policy
- Ensure BIA / BCP plans are updated and team is informed of the same. Ensure participation in hot/cold testing as mandated by PSC management
- Build positive working relationships and work collaboratively with onshore clients and senior management in PSC
- Initiate team projects for knowledge enrichment.
- Participate in weekly / monthly conference call with IT and stakeholders
- Prepare and participate in KPI Operational Forum meetings.
Primary Working Relationships
- Onshore FD/FMs
- Business Finance / GBS
- IT , Reference Data team CREDA support
- HR
- Business Management
- Sourcing Management
Qualification Experience required
Qualification
• CA / MBA / CPA with 10+years of experience, of which, atleast 4years should be of team management
Experience
• Must have experience of managing teams including people managers
• Must have migrations management experience
• Working knowledge of SAP – PNA, GGL RCS and BW
• Expert knowledge in Excel
• Experience in handling Regulatory Reporting
• Understanding of IFRS / US GAAP
Other Skills
Communication
- Ability to communicate effectively (oral written)
- Focused on providing quality output
Analytical abilities
- Displays a high degree of control awareness
- Has a natural intellectual curiosity
- Attention to detail
- Strong analytical / business problem-solving skills
Time management skills
- Well organized able to clearly present results of work
- Ability to work under pressure and to deadlines
- Ability to manage own time
Drive and Motivation
- Passion for change and confidence in own abilities
- Be comfortable willing to drive process improvement
- Diligent, thorough, shows initiative and is proactive
Personal Qualities
• Proactive, attention to detail / quality of work, able to cope with pressure and deal effectively with demanding clients