Accounting & Controlling Assistant Vice President

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

Is the next step in your career at SMBC Group EMEA? We’re looking for an Assistant Vice President in the Income Team, part of Management Reporting & Analytics in STPD Finance & Control. 

Purpose of the Role:

• Management and control of the data integrity within Gross Profit transactional reporting in European MIS system (TheMIS) in order to provide management information for the EMEA Region and all related work.
• Provide technical support relating to Management and Financial Accounting matters.
• Treasury P&L reporting SME in F&C (including month end reporting and investigating Treasury reconciliation breaks).
• Production of Financial and Management Accounting Reports and Analysis for both EMEA and Head Office audiences.

Facts and Scale:

• Monitoring and commentating on actual performance against budgets of USD >200bn Balance Sheet, including approx. USD 100bn of Funded Assets and USD 2bn+ of Gross Profit.
• Key perticipant in the full month end revenue reporting process.
• Providing direction and advice to Operations colleagues regarding transaction bookings.
• Liaising closely with all Front Office and Financial Markets departments in the monthly preparation of Profit figures, advising and explaining revenue recognition rationale. Queries received from various levels of seniority, up to MD level

Qualifications & Experience

• Qualified Accountant, educated to degree level, with strong numerical and financial skills.
• Curiosity driven experience of performing ‘deep dive’ reviews into dataflows and transactions, to ensure reporting is understood, appropriate and in line with expectation, with a particular focus on Treasury related transactions. 
• Proactive approach to process and system improvements, with a proven ability to drive change initiatives from end to end.

Business Area

The team are responsible for:

• Producing the EMEA ALCO reporting (divisional results).
• Ensuring SMBC BI and regional bookings are correct and reporting of performance is correct.
• Preparing HO reports for SMBC BI, SMBC EU and SMBC branches.
• Producing any MI and analysis in relation to the above.

Position Description

• Preparation of monthly performance data within TheMIS including updates, consistency checks and reconciliations for all booking locations within the EMEA Region.
• Analyse P&L in TheMIS to ensure completeness versus GL and accurate allocation between front office departments, Treasury and Planning.
• Discuss with and advise relevant stakeholders (for example, within F&C, Planning and Treasury departments) regarding the treatment and booking of transactions.
• Reporting to colleagues and management of expected and unexpected allocations and other variance observations.
• Review of reporting (and other) processes, to identify and investigate any reporting risks and inefficiencies.
• Devise solutions which eliminate or mitigate risk and inefficiencies through automation.
• Liaise with Head Office departments and accounting teams of the overseas branches world-wide to guide and support them with regards to EMEA transactions.
• Lead the system set-up of data structure changes (e.g. opening of new branches, departmental restructure), proactively seek the required information to ensure that the set-up will work effectively, analysing and making decisions in how to achieve the desired outcome.
• Provide analysis of monthly income for management including production of commentary, tables and charts as required.
• Identify potential sources of risk, investigating them thoroughly and taking appropriate action.
• Taking a proactive approach, on behalf of the team, in being involved in F&C / SMBC initiatives, such as EASy Initiatives.
• Ensuring up to date procedures are kept for team workflows and processes.
• Develop and maintain good working relationships with Operations, Systems and Front office departments.

Competencies

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working 
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance 
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services  
• Access a wide range of learning and development opportunities and career progression opportunities 
• Ambitious remuneration package

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!