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DWS Group & GmbH Co KgaA

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4.0

based on 17 Reviews

332 DWS Group & GmbH Co KgaA Jobs

Business Finance Senior Analyst, AVP

DWS Group

4.0

based on 17 Reviews

1-3 years

Mumbai

1 vacancy

Business Finance Senior Analyst, AVP

DWS Group & GmbH Co KgaA

posted 8hr ago

Job Role Insights

Flexible timing

Key skills for the job

SAP CO Auditing Front Office Financial Services CCTV Monitoring Reconciliation

+ 3 more

Job Description

Job Description

In Scope of Position based Promotions (INTERNAL only)

Job Title Business Finance

Corporate Title AVP

Location Mumbai, India

Role Description

The Business Finance function is responsible for the production of business level revenue attribution, financial accounting and financial disclosures.

It ensures, on a daily basis, the accurate and timely reporting of Profit and Loss (PnL) for each business unit and ensures that the drivers behind the risk positions and PnL are fully understood and explained.

It also ensures that all of the Bank s transactions and positions are correctly reflected in the Bank s accounting records and disclosures, in accordance with relevant accounting standards.

Revenue Control roles have the following common characteristics

Produce daily profit and loss for the business unit/trading center
Provide necessary transparency of controls done either for quality assurance or for final validation and control performance
Obtain necessary sign-off from Front-Office (Traders) of the reported PL
Resolve daily FOBO cash breaks for the business
Participate in CTB (Change the Bank) initiatives of the team as well as domain-wide
Liaise with different support teams for escalation and remediation of daily issues encountered
Collaborate with Financial Controlles and Business Relationship managers to ensure front to back controls are managed effectively.
Work with different stakeholders to improve existing processes and outputs

Financial Control roles have the following common characteristics

Performs month end close activities- SAP journals, reconciliations, balance sheet substantiations and reporting.
Produce and review Business level internal and external financial disclosures
Performs QA function for processes within his/her teams remit and regularly assesses the effectiveness of the checks
Engages with CTB/SME (Change the Bank / Subject Matter Expert) in order to deliver change
Facilitates CTB initiatives and drives continuous improvement program within their team
Second level of escalation for team issues and for stakeholder escalation
Manages the resolution of product reconciliation break / exception items in a timely manner
Close Self-Identified Issues and Audit points on timely basis
Monitoring of exceptions including investigation and explanation
Review of Balance sheet substantiation and perform Balance Sheet certification as Primary or Secondary Account Owner
Process standardization across business
Provides summary of KRIs for their business area and remediation plans where SLAs are being missed and/or where issues exist
Responsible for ensuring that KOPs are reviewed for relevance and effectiveness on a timely basis.
Work with different stakeholders to improve existing processes and outputs
The position sits with Rates Business for EMEA region.

What we ll offer you

As part of our flexible scheme, here are just some of the benefits that you ll enjoy

Best in class leave policy
Gender neutral parental leaves
100% reimbursement under childcare assistance benefit (gender neutral)
Sponsorship for Industry relevant certifications and education
Employee Assistance Program for you and your family members
Comprehensive Hospitalization Insurance for you and your dependents
Accident and Term life Insurance
Complementary Health screening for 35 yrs. and above

Your key responsibilities

The role is Rates business aligned and will entail multiple sub product businesses.
Strong product knowledge on Interest Rates derivatives, with sound understanding of risks and valuations
Responsible for the oversight and management of the generation of the daily independent Risk and PL in a timely manner, ensuring daily reconciliation and position reports as required.
Reviews any exceptions raised in reports by the team and/or escalated by the supervisor
As the key point of contact for traders and onshore colleagues, ensures all queries are rectified on a timely basis
Facilitates business growth and re-organisation. Involvement with the NPA (New Product Approval) process, making changes to reporting process as required.
Participate and execute strategic systems role out and other Change the Bank initiatives.
Work to ensure process standardisation across global product reporting, applied to both workflow practice and work tools that are used. Ensures a robust and scalable production process.
Responsible for the talent development and training requirements of team, delegating to supervisors where applicable
Flexibility regarding problem solving
Keeps pace with technical innovation and market driven initiatives
Strong interpersonal/good negotiations skills
Be comfortable willing to drive process improvement.
Be able to constructively challenge.
Be inquisitive

Your skills and experience

Relevant experience in Financial Services / Product Control, experience in oversight in a risk and PL environment over and over experience in production.
A Business or Accountancy based degree. Further relevant studies and/or a Masters is an advantage
Enhanced technical knowledge, particularly on Rates Risk Engine and an appreciation for the front to back process and control environment
Good cultural awareness and able to manage stakeholders across locations
Good people management skills in terms of team development and retention
Good communication skills, fluent in English (written/verbal)

You will be

An excellent team worker, able to work in virtual global teams and in a matrix organization
Open minded, able to share information, transfer knowledge and expertise to team members
Keeping pace with technical innovation and market driven initiatives and maintains a broad understanding of the Business Finance offering
Able to work under pressure
Able to challenge existing procedures and proactively look for process and system improvements.
Able to transfer knowledge and expertise to team members, and work across functions in order to share information and proactively resolve challenges.

How we ll support you