Legal Entity Controller
Position Description
The Legal Entity Controller (LEC) role is key in the legal entity control framework model. LECs are responsible for the proper management and control of the firm's legal entities. A centralised team is well established in Glasgow and currently manages over 900 London and New York based entities across the Sales and Trading, Asset Management, Real Estate, Infrastructure and Commodities/IBD Business Units, as well as certain administrative companies. We are looking to recruit an associate into the LEC team to work on the entities utilised by the EMEA Infrastructure and IRCC business units.
The LEC will be responsible for:
Preparing and presenting timely, relevant and value added information on entities to senior management, including:
• Monthly analytical review, reconciliation and explanation of account balances to facilitate month end sign off
• Preparation and explanation of entities' monthly management accounts
• Quarterly preparation, analysis and review of FR2314 forms for filing with the US Federal Reserve and other regulatory reporting requirements
• Annual preparation, analysis and review of statutory financial statements
• Co-ordination of all legal entity activity with key internal experts, such as tax, legal etc.
Participation in the development of the LEC function in Glasgow, involving:
• Reviewing all processes to ensure adherence to LEC best practice
• Supporting the Business Units in the opening/closing of entities, and by adapting the entity's ledgers and system requirements
• Ongoing entity specific initiatives and projects e.g. systems developments
• Contributing to the reporting control framework, ensuring compliance to client requirements and internal policy
Skills Required
Skills / experience required:
• Candidates for role should be qualified (CA, CIMA, ACCA)
• The successful candidate should have a technical accounting foundation, which they are keen to develop and build upon. They should be able to demonstrate strong analytical, organisational and documentation skills
• Attention to detail and accuracy are both essential, and the successful candidate should have a strong sense of urgency, accountability and ownership
• Strong communication skills, both verbal and written, are crucial
• The ideal candidate should have the ability to think critically, challenge accepted processes, and suggest alternative solutions
• Ability to work to tight deadlines and the candidate should be self-motivated and have the ability to work consistently and efficiently
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