IFRS Accountant
Our Vision and Mission
VTB Capital’s goal is to be Russia’s Investment Banking powerhouse. We want to be the firm that is a natural choice for all Russian Investment banking and asset management products. A choice our clients around the world make routinely and with confidence.
Our mission is to exceed client expectations by providing first class financial services. To create value for the benefit of our clients and for economic and social progress globally.
VTB Capital is an international investment leader with profound expertise in the Russian financial products and the Russian market.
Building a strong international presence and creating value for our local clients and communities is very important to us. We respect our business partners and adhere to the principles of social responsibility in every market in which we operate.
We combine our product expertise and international presence with a focus on long-term relationships and trust in order to generate superior returns for all our stakeholders.
The Position
This position sits within the IFRS team, which reports to the Head of Financial Reporting, and is responsible for ensuring the integrity of financial accounting and management information reported by VTB Capital plc in London, and for ensuring that information is provided on a timely basis, along with all supporting documentation including:
- Quarterly IFRS submissions to VTB Group Reporting, which are subject to review by the Bank’s auditors, Ernst Young;
- Local IFRS reporting requirements including the preparation of the annual report and accounts for the VTB Capital plc Group;
- Monthly reporting to VTB Group Reporting.
- Reporting of financial data to internal stakeholders such as senior management, Treasury and the Regulatory team.
In addition to London, the IFRS team produces financial reports for VTB Capital‘s operations outside Russia, ie:
- Dubai;
- Singapore;
- New York;
- Hong Kong; and
- Bulgaria
The IFRS team also works closely with the IFRS team in VTB Capital Moscow, to ensure consistent accounting processes and policies are applied around the Group.
The team is also a key stakeholder in the development of a data warehouse IT solution, that adds value to the business and aids the Banks decision making process while at the same time providing a responsive infrastructure to ensure the accuracy and completeness of the Bank’s financial reporting requirements.
Principal Accountabilities
This role requires a newly qualified accountant to join the IFRS side of the team responsible for reporting the results of the Bank’s expanding international operations:
a) Reviewing results for:
- London;
- Dubai;
- Singapore;
- New York; and
- Hong Kong
to ensure they meet Group reporting requirements on daily, monthly, quarterly and annual basis;
b) Understanding the business and results of the overseas entities for the preparation of internal management reporting purposes and to answer queries from within VTB and from external audit;
c) Assisting Manager-IFRS Consolidation in preparation of quarterly GRF reporting to parent bank, particularly supplementary disclosures on financial instruments; and
d) Assisting Financial Project Manager on major finance projects, to improve the efficiency of Group IFRS reporting.
The role will offer a high degree of liaison with the Moscow office and with the Group Chief Accountant in London.
A significant percentage of this role is in relation to formal reporting processes with set deadlines and parameters. However, in addition to meeting these essential requirements, the successful applicant will demonstrate the ability to develop their
understanding of the business and results of VTB Capital plc, to identify efficiencies in the reporting process, as well as to answer queries from within VTB and from external audit.
Key Competencies Qualifications
Key Competencies Qualifications for this role include:
- Qualified accountant, with financial services experience
- Recent IFRS practical experience
- Strong excel and data-manipulation skills
- Happy to perform detailed daily/periodic role, with good attention to detail
- Keen to learn, with good problem-solving abilities
- Good verbal and written communication skills
- Able to develop relationships with key business personnel
- Able to work under pressure and deal with multiple deadlines
- Good commercial experience, with the ability to see the ‘bigger picture’ through the detail, and understand the mechanics of the business.
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