VP, Corporate Reporting Manager recruitment

PLEASE NOTE THIS ROLE IS BASED IN CHESTER

EMEA Chief Financial Office acts both as a control function and a valued business advisor by providing expertise in the following areas:

•           Business Unit Finance

•           Price Verification

•           Legal Entity Control

•           Financial Planning and Analysis

•           Corporate Reporting

•           Capital Planning / Regulatory Reporting

•           Finance Infrastructure

We are committed to the development of our people through:

•           Career progression and internal mobility

•           Internal targeted training as well as assisted study for professional qualifications

•           Work life balance

•           Special interests such as volunteering and the environmental working group

•           Social activity

With your ambition, we will constantly develop your skills to enable you to reach your full potential.

Bank of America Merrill Lynch offers a number of outstanding career opportunities designed to attract and retain all skill levels – a chance for both personal and professional development as well as a salary and benefit package designed to reflect the individual’s contribution.

Overview:

Corporate Reporting is responsible for legal entity management and corporate reporting of the Capital Markets business of Bank of America Merrill Lynch in Europe and preparation of statutory accounts of the UK based entities (over 150 legal entities).

The department includes responsibility for daily, weekly and monthly summaries of the business performance and presentations to the various boards under US and UK GAAP. 

It is a high profile department reporting to local senior management, the New York and Charlotte Finance teams and has regular contact with Business Unit Finance, Accounting Policy, Middle Office, Tax, Treasury, Head Office in Charlotte and external audit. 

The Corporate Reporting team works closely with Business Unit Finance to ensure the accuracy of the reported results and understand the business flows. The department is part of the central Finance function of Bank of America Merrill Lynch Europe and will provide an excellent over-view of the activities and profitability of key business areas and the accounting/reporting functionality within the Corporation.

The department also has a good track record of developing talent and internal mobility

Responsibilities:

• Role is as manager of medium sized team (~5 people) responsibility for all elements of Corporate Reporting in the UK.

• Primary functions of the role are as follows:-

• Complete monthly US and UK GAAP accounts for UK legal entities for Global Markets and Global Wealth Management businesses

• Ensure books and records are closed within controls framework, driving Flawless At Control culture across wider organisation and monitoring legal entity close controls for example intercompany

• Responsible for statutory accounts production and audit for EMEA entities with varying degrees of complexity, mainly under UK GAAP, but including US, Luxembourg, Jersey and other local GAAPs

• Produce monthly and quarterly financial packs for the board

• Production of relevant EMEA consolidation

• Lead EMEA corporate restructurings

• Expected to lead various projects (recent examples include major EMEA corporate re-organisation, delivering UK Bank Levy, profitability reviews, roll out of FRS29)

• Continue to streamline corporate structure by leading liquidations

As manager of team will be expected to:-

• Provide objective setting and management / review for the team

• Prioritize and manage inter-team dependencies necessary to execute responsibilities

• Identify opportunities to improve / enhance process and reporting

• Provide on the job training for other team members

• Promote adoption of best practice across team

• Understanding the business / product flows

Strong performance in this role should provide significant personal growth. Dependent on skills of individual and opportunities within the firm, future potential career opportunities could include:-

• Expanded management role within Corporate Reporting team

• Development movement to an alternative Finance function

• International opportunities as they arise

Responsibilites:

The candidate should have the following competencies:

• Qualified Accountant – ACA, ACCA, or CIMA (or equivalent qualification) 

• Degree Level Qualification

• Good technical accounting knowledge

• Management Experience

• Experience of preparing statutory accounts and liaising with auditors

• General ledger experience

• Ability to apply sound judgement, pursue aggressive goals and consistently deliver superior results

• Be a role model within the organisation

• Demonstrate ability to work in a team, individually and across other teams

• Provide effective challenge and display confidence to challenge

• Build and drive global solutions

• Strong communication skills – both written and verbal.

• Flexibility and good negotiations skills

• Be able to prioritise

• High level of ownership and attention to detail

• Strong controls mentality

• Ability to manage change

• Treat others with respect and adhere to highest standard of conduct/integrity

• Strong MS Office skills