Regulatory Controller recruitment
About us
GE Corporate Finance Bank SAS offers financing to private equity firms in Europe for leveraged transactions including buyouts, acquisitions, growth funding and recapitalisations. Its products and services include cash flow and asset-based financing, first and second line senior loans, global cross-border funding, lease financing, structured equity, and project financing. A key player in lead/arrange mid market transactions, it has recently built close links with commercial partners such as Mubadala GE Capital.
Role Summary/Purpose
• Support the Financial Controller and CFO of GE Corporate Finance Bank in overseeing the controllership metrics of a pan-European leveraged lending platform (~$120 MM of net income, ~$5.5 billion of assets)
• Oversee the submissions of regulatory financial reports to Banque de France, FSA and Bundesbank; ensure adequate controls are exercised over statutory returns to ensure legal compliance;
• Own finance activities in implementation of Basel III
Essential Responsibilities
• Management of team of three assistant controllers in Paris and one branch controller in Frankfurt
• Lead the initiative of implementing infrastructure for US regulatory reporting in GE Corporate Finance Bank and its affiliated entities in the Acquisition Finance business group
• Oversee the processes of EU regulatory reporting in France, UK, Germany; support data requests and control assessment with regards to US regulatory reporting inquiries
• Drive finance contribution to the corporate governance framework by taking an active role in Bank Committees/oversight bodies: Enterprise Risk management committee, Reserve Committee, Asset and liabilities committee, SURFI/FSA/Bundesbank reporting
• Own the communication with other GE Capital EMEA regulatory readiness leaders in understanding the US/local reporting requirements and provide leadership in co-ordination across EMEA
• Drive communication and establish the point of contact for EU and potential US regulatory reporting inquiries; establish the control infrastructure to assess and drive consistency between different regulatory requirements; translate regulatory reporting into a team operating rhythm with management review and analytical controls
• Establish a point of contact for business senior management to provide assessment of internal controls and financial reporting framework versus the accounting guidance and regulations
• Manage annual audit planning, budget and engagement. Own the external audit relationship and ensure timely completion of the audit cycle
• Follow changes in relevant accounting and regulatory requirements, operationalize changes and implement new processes: Interpret key European statutory and regulatory literature and roll out relevant controls to ensure compliance
• Drive continuous process/infrastructure improvements, finance participation in the Enterprise Risk Assessment reviews
• Ensure filing of statutory accounts, corporate tax/VAT returns within GE guidelines and/or external rules
• Work with the Tax Manager to ensure compliance with transfer pricing and other requirements between branches and Headquarters.
Qualifications/Requirements
MBA-graduate with ACA or CIMA qualification, with experience post-qualification
Proven finance and accounting experience – skilled in UK, IAS and/or US GAAP
Proficient in IT applications, accounting systems, Excel, and PowerPoint.
Experience in Financial Services Industry
Ability to work independently and in teams
Judgement / Clear thinking, Able to make decisions based on best available information
Problem solving skills, seeks simple solutions to complex problems
External Focus, anticipates customer needs and ensures that they are met
Communication and presentation skills
Accountable: takes responsibility for decisions, actions and results.
Desired Characteristics
Leadership and management experience.
Strong written and verbal communication skills.
A process mindset with proven ability to drive change and an ability to work in a cross-cultural, bi-lingual environment.
Regular travel between Paris HQ and branch locations-particularly to London Frankfurt
Additional European Languages (german) would be advantageous