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Team Leader -IC


Source:
TIMESJOBS.COM
Location:
Gurugram, HR
Date:
08-11-2016
Job Code:
58227637
Categories:
  • Banking & Finance
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Job Details

The Balance Sheet Control team, currently based in the Gurgaon, is responsible for performing certain monthly quality assurance processes. These activities primarily include monthly sampling, testing, reporting and the resultant improvement of general ledger reconciliations and manual general ledger adjustments prepared by Global Market Operations (GMO) & Middle Office (MO) business units of the bank.The Accounting Control Group (ACG) conducts its testing based on a sample population of General Ledger entries and reconciliations. The team is looking to expand the scope of the work, and with the various acquisitions of the bank, the population of GL entries requiring testing have significantly increased. Therefore, these positions are for an existing team, working together with the Chicago team, to substantially increase the quantity/sample of accounts and reconciliations. In addition, this process works as an internal control to reduce the Bank s exposure to financial, operational, & regulatory risk per Banks Corporate Policy and ensure the BUs working in banks are compliant with Sox and Corporate policy to ensure integrity of the Bank s financial. From the previous month data, the reconciliation's supporting documentation should be examined in each testing. For each account in the sample, test the reconciliation by discussing with BU Controllers, obtaining and documenting an understanding of the account and reconciliation, including the types of entries that flow through the account, typical reconciling items, etc. Review reconciliations and obtain explanations for any old, unusual or stale-dated items. Select a sample of the reconciling items and trace to its supporting documentation. Associate will then examine, agree and reconcile the G/L balance to the sub ledger. As a final step, the Associate will examine and agree the G/L balance to the bank statement balance and test the entries to determine if the account has been reconciled.For the sample of manual adjustments, perform the testing procedures on the entries picked byExamining the adjustments for explanation of the manual entries evidence. Further, trace the details of the adjustments to the appropriate GL system to ensure that the account is properly classified as reconciled, un-reconciled or non-current. Associates will be responsible for the sample testing the monthly compilation of the population data of G/L accounts and manual journal entries. This will include obtaining manual entry files from the systems utilized by business unit, as well as obtaining data for GL reconciliation testing.ResponsibilitiesAssociates will be responsible for the sample testing the monthly compilation of the population data of G/L accounts and manual journal entries. This will include obtaining manual entry files from the systems utilized by business unit, as well as obtaining data for GL reconciliation testingReview of Daily/Monthly Manual General Ledger Adjustments preparing/posting adjustments and compiling supporting documentation.Accounting Control Metric Reporting Collection of Daily and Monthly Accounting Metrics.Control Reporting producing daily status and exception reports.Interact with intra-bank/branch financial controllers to discuss details of Reconciliations/Adjustments and gather clarificationsAct as the escalation point of contact for associates for complex queriesEnsure timely and accurate dissemination of information to relevant stakeholdersHandle non-routine functions and effectively prioritize multiple tasks to ensure all deadlines are metRequirementsShould possess sound knowledge and exposure to front-to-back GL account reconciliation for Global Equities, Rates & Currencies & Mortgages in Middle Office operationsShould have performed reconciliation preparer & reviewer responsibilities for Middle Office owned GL accountsExcellent communication skills, strong attention to detail, have organized approach to handle multiple priorities with multiple stakeholders.
Degree: M.Com. (Commerce) | MBA/ PGDM

Additional Degree: B.Com. (Commerce)

Experience: 6-11

Requirements

Banking -General | Claims/Collection Mgmt | Trading
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