Description
Financial Control Analyst - Private Banking
As a global business, Wealth has a number of centrally managed control processes. A key part of this role will be supporting the management of the global bonus reconciliation process and the supporting the co-ordination of the legal entity budget/forecasting process, ensuring that it is fully aligned with the Wealth Tax and Capital Management plans,
Core accountabilities -
* Ownership of the Global Recharge model for Infrastructure and SI costs, incorporating a 2-tier allocation methodology and ensuring the allocation drivers are clearly aligned to the value being given to the business through close business partnering of Performance & Planning, Financial Control and Tax teams
* Ownership of the PB Recharge model, ensuring the correct global alignment by legal entity of Private Banker costs according to revenue booking
* Co-ordinate and support the identification of Global costs, support review of current recharge methodology applied to them and support the implementation of appropriate allocation methodologies
* Manage the alignment all the Wealth recharge models currently in use across the cluster; ensuring methodologies are consistent and compliant with both UK and local regulatory, tax and VAT rules.
* Ensure that commercial revenue share agreements are appropriately incorporated in the various recharge models and set up in the most tax and VAT efficient way with support from the Wealth VAT and tax teams.
* Own and implement the Wealth Transfer Pricing/Recharge Governance structure and ensure that Intercompany recharge disputes are appropriately managed, resolved or escalated where necessary.
* Manage the co-ordination of the Wealth Legal Entity RAF process, co-ordinating with the financial controllers of the Wealth Legal Entities, Wealth Finance performance and planning, Wealth Tax and Wealth Capital Management.
* Manage the co-ordination to the Wealth bonus reconciliation process, co-ordinating with the financial controllers of the Wealth Legal Entities, Wealth Finance performance and planning and Wealth HR
* Ensure that relevant bonus information is incorporated into the Infrastructure recharge model and ensure that recharges to legal entities accurately reflect the relevant bonus costs
* Understand the various cash, deferral and share related bonus schemes that are operating within Wealth and ensure the related costs are being accounted for correctly.
Key clients (internal and external) - Numerous global internal stakeholders including:
* Legal Entity Financial controllers
* Wealth Tax and VAT team
* Wealth Transfer Pricing Director
* Global Head of Financial Control
* Central Performance and Planning (income and cost)
* Capital Management team
Role requirements -
Professional/technical experience:
Strong experience of senior stakeholder management
Previous experience in managing global recharge models
Strong excel/modelling skills
Strong SAP skills
Basic knowledge of Transfer Pricing would be an advantage
Strong academic record, preferably to degree level (or equivalent)
Qualified accountant (ACCA/CIMA/ACA or equivalent)
Personal attributes
* Strong attention to detail
* Able to develop productive working relationships quickly
* Strong communication skills
* Pro-active self-starter
* Highly organised
* Able to operate effectively and efficiently under pressured timescales
The JM Group is acting as an employment agency with relation to this vacancy.