Overview
Overview Of BNY Mellon:
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations, and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team.
BNY Mellon's Investment Management business is based on a multi-boutique strategy with a large EMEA presence. The role will be working within the BNY Mellon Fund Management (Luxembourg) (MFM).
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Overview of MFM:
The core functions of the MFM are the creation, management administration and distribution of investment funds and investment companies organized under the laws of the Grand Duchy of Luxembourg and elsewhere. The Company also manages portfolios of investments on a discretionary client by client basis. The Firm has six EU branches engaged in marketing and distribution.
Team Description:
The role is within the EMEA Controllers team whose remit is oversight, insight and communication around the legal entities assigned to them.
The UK Controllers Team are responsible for all aspects of Legal entity reporting including statutory financial statements, internal reporting (to management and to the Boards) and US and local GAAP accounting. The MFM team work closely with team members in other EMEA offices and offshore teams. The team is also responsible for managing the external audit process.
Role Purpose:
The Senior Specialist, Accounting, is a management-level (vice president) subject matter expert in the regulatory and statutory accounting requirements relevant to their legal entities but has a broad range of experience in general accounting and financial reporting process activities. They should understand the business and related accounting flows of the entities for which he/she is responsible, maintaining the control environment and providing high quality reporting to the stakeholders.
This role is accountable for ensuring effective, efficient Sarbanes-Oxley and regulatory compliant finance/accounting processes in accordance with local and US GAAP and that the general ledger account balances are complete and accurate.
Acting as contact point for key stakeholders including Legal entity boards, external auditors, SOX team, Tax and the US Central Finance team.
Responsibilities:
- Manage the statutory accounting process for the MFM and branch entities, including liaison with KPMG, provide detailed audit files with analysis for review.
- Review and oversight of regulatory reporting produced in the Regional Shared Service centre.
- Manage the SOX audit process, ensuring controls documentation is maintained and regularly updated and acting as the key contact point for the SOX team
- Manage complex accounting issues, working with the technical accounting team where necessary to ensure compliance with relevant IFRS, US GAAP and local GAAP.
- Oversee the month end close process, including monitoring of results, escalating, and resolving issues.
- Maintain a strong operational control environment with well-evidenced review, checklist, and procedures. Where deficiencies are identified, the jobholder will be responsible for designing and implementing new controls.
- Review of the monthly legal entity variance review ensuring that it provides a meaningful analysis of different aspects of the legal entity financials.
- Supervising the preparation and review of the quarterly board packs.
- Ad- Hoc reporting and problem solving for the wider business.
- Collaborate and align with Finance team members in EMEA and US regional locations.
- Manage the delivery of process support from offshore teams and the ongoing monitoring of the output from those teams
- Work with the Tax team on production of VAT & Corporation returns on a timely fashion ensuring the reporting deadlines are met.
- Help junior colleagues build their abilities trough knowledge share and training.
Job Specific Competencies
- Adaptable, flexible, and proactive
- Strong leader with proven record
- Good communication and interpersonal skills
- Good decision maker, responsible and accountable
- Deadline driven with effective time management and ability to work under pressure
- Client orientated and results focused
- Attention to detail
- Able to manage risk in a highly regulated and controlled environment
- Ability to establish and develop effective relationships
- Highly motivated, fast learning and proactive with an ability for problem solving
- Qualified accountant with a number of years post qualification experience
- Strong technical accounting knowledge, particularly Lux GAAP, IFRS and US GAAP.
- Significant experience in Financial Services industry, in particular Investment Management
- Significant Statutory and Regulatory reporting experience
- Excellent PC skills
- Exposure to Oracle general ledgers desirable
- Staff management/supervisory experience
- Experience of a fast moving, highly controlled, multinational/functional organisation.
For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments and safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.