Job Description

Job Title – Associate
Location - Mumbai Function 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. Position Description Financial Control & Analysis is responsible for providing periodic, accurate and independently validated reporting of CIB financials, while maximizing sustainable performance. The Financial Control & Analysis analyst plays a critical part in developing and implementing the strategy to mitigate the financial risk caused by control issues across the GL close process (monthly and daily). The role encompasses Product and Business level alignment. This role is within Business Finance, where the candidate will be accountable for the managing financial control functions. The products covered are Loans, Bonds, Equities, Rates & OTC What we will 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 child care assistance benefit (gender neutral)
• Flexible working arrangements
• 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

• Perform & review month-end close activities – SAP journals and reconciliations
• Prepare and review monthly balance sheet, with substantiation and potential financial exposure.
• Review and ensure clearance of product level FOBO reconciliation breaks
• Review, comment upon, escalate and manage timely resolution of business level MAFA breaks.
• Perform MRP balance sheet certification as Primary or Secondary Account Owner.
• Investigate and clear exceptions/break items, interacting with Revenue Control, Ops and other Operations teams when necessary
• Produce and review Business level internal and external financial disclosure
• Close Self-Identified Issues and Audit points on timely basis.
• Ensure controls around processes such as population completeness and accuracy, perform high end

Your skills and experience

• Financial Control and product control experience in Investment Banking
• Strong understanding of financial market products such as Loans, Bonds, Credit, derivatives, Cash Equity, Swaps, Options and Futures.
• Solid Fixed Income product knowledge i.e. Bonds, CDS, TRS, IRS & Loans.
• IFRS/GAAP knowledge is preferred
• Strong knowledge / experience of front to back Investment Banking environment (trade capture to balance sheet)
• Ability to manage time effectively, prioritizes responsibilities, and escalates issues as necessary.
• Proficient in Microsoft Office applications, strong Word and Excel skills required
• Exposure to multiple front office systems.

Education:

• Preferably qualified MBA/Chartered Accountant / CPA / ACCA / CIMA / CFA.

How we will support you-

• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs

About us and our teams-
https://www.db.com/company/company.html Diversity, inclusion and mutual respect are essential elements of who we are. These values define the working environment we strive to create – engaging, supportive and welcoming of different views. We believe innovation stems from intellectual curiosity alongside the right mix of skills and talents. Therefore, we embrace a culture reflecting a variety of perspectives, insights and backgrounds. The company promotes equality of opportunity and encourages the development of all employees to their full potential. We are open to agile working arrangements – talk to us about flexibility and other initiatives we offer. We are an equal opportunities employer who seeks to recruit and appoint the best available person for a job regardless of age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race (which includes colour, nationality and national or ethnic origins), religion or belief, sex or sexual orientation. Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.