Director of Financial Controls recruitment
Essential job functions include, but are not limited to the following:
- Review of balance sheet account reconciliations and coordination of the account certification process performed by the CFO. Extensive interaction with Operational Balance Control and SOX Governance departments. Preparation of monthly balance sheet account reconciliations and coordination of the account certification process performed by the CFO.
- Oversee the application of daily reconciliations between various systems, including the coordination of research and resolution efforts and periodic reporting on the effectiveness of the control processes. Identification and escalation of aged differences for incorporation into net capital and customer reserve computations.
- Finance resource dedicated to the risk management function from the perspective of the Financial Operations Principal, including participation in relevant committee meetings. In this capacity, the Director of Financial Controls prepares a formal report to KBCM management on the following:
- Operational Risk Primarily responsible for monitoring of suspense accounts and review of the daily balancing of the stock record. Interfacing with Operations management and staff to identify items affecting the firm¿s net capital and customer reserve computations. Ensuring fails to receive and fails to deliver are appropriately reported in the ledger.
- Credit Risk Responsible for reporting on the amount of extended credit by the firm that is not fully collateralized. Acts as the Finance liaison to the firm¿s Credit Committee for day-to-day monitoring functions and interfaces with the Finance department¿s Funding Analyst to ensure the credit implications of repurchase and reverse-repurchase agreement, stock borrow, and forward-settling transaction agreements are properly captured and reported.
- Market Risk Responsible for ensuring the Finance management is aware of potential exposure caused by fluctuations in market prices. Acts as the Finance department¿s liaison to the Compliance Department¿s Market Risk team and the Internal Audit staff dedicated to the independent review of inventory pricing. Interfaces regularly with the Finance Department Inventory Analyst to ensure aged positions and pricing differences are appropriately communicated.
- Liquidity Funding Responsible for ensuring intermediate funding needs are communicated to the firm¿s management, including funding needs associated with underwritings, incentive compensation, and other needs. Interacts expensively with the Finance Department¿s Funding Analyst in this regard.
- Design effective accounting processes and controls needed for new regulatory rules and coordination of technical support from Key Technical Services, Management Reporting Financial Systems, and other departments.
- Representation of KBCM Finance in the monthly technology committee meetings. Responsible for the establishment and ongoing monitoring of the technology budget and project progress.
- Ongoing monitoring and review of the effectiveness of SOX controls and proactive pursuit of better and more efficient control processes.
- Provide assistance to the line of business finance team in creating the KBCM budget and forecast.
- Maintenance of the Broadridge and MSA test environment and development of test scripts for proposed system changes.
- Generation of ad hoc investment transaction and securities inventory query reports from Broadridge system and retrieval of certain Broadridge standardized system reports from KBCMs query system Showcase. Interpretation and analysis of securities information included within these ad hoc and standardized reports.
Required Qualifications
- CPA licensure
- Working knowledge of GAAP and practical application of accounting principles
- Series 27 and/or 7 licensure preferred, but not required
- Experience of 3 years or more in the financial services industry
- Ability to prioritize and complete multiple concurrent initiatives
Life at Key is exciting, challenging, and rewarding. Just as we help our customers reach their financial goals, we're committed to helping you achieve your personal and professional goals. We offer competitive compensation and comprehensive benefits that will help you fulfill a healthy work/life balance.
About Key
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $97 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. About the Business
KeyBanc Capital Markets provides investment banking, commercial lending, treasury management, derivatives, foreign exchange, equity and debt underwriting and trading, and syndicated finance products and services to large corporations and middle-market companies. KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., Member NYSE/FINRA/SIPC, and KeyBank National Association ("KeyBank N.A."), are marketed.
KeyCorp is an equal opportunity employer M/F/D/V. We're proud to be one of the Best Places to Work for LGBT Equality for 2011.