The Cash and Deposit Accounting Subject Matter Expert (SME) is responsible for providing technical leadership and oversight across cash and deposit accounting activities. This role ensures accurate financial reporting, compliance with US GAAP, IFRS, and regulatory requirements, and robust governance over cash account management and lifecycle controls.
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Ensure accurate classification, recognition, and reporting of cash and deposit accounts in line with US GAAP, IFRS, and applicable regulatory frameworks
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Review and assess external cash account agreements to confirm adherence to relevant accounting guidance and internal policies
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Conduct periodic reviews of dormant or unused client accounts and STT internal-use accounts, ensuring proper monitoring, validation, and timely closure where required
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Partner with cross-functional teams (e.g., Controllership, Regulatory Reporting, Treasury, Operations) to drive consistency and accuracy in accounting practices
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Identify control gaps and process inefficiencies, and lead initiatives to enhance governance, controls, and operational effectiveness
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Support audit and regulatory inquiries by providing documentation, analysis, and subject matter expertise
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Responsible for coordination of Corporate Audit, SOX and external audit
Responsibilities & Tasks Include:
Business As Usual (BAU) Activities:
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To understand expectations and deliverable timelines and ensure that deliverables of the team are load balanced as compared to team staffing.
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Develop the team to adopt “owner’s mind set”, work independently, and effectively manage timelines.
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Assist with ad-hoc projects and new transactions to support the GAO Cash and Deposit Accounting Governance group
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Lead the day to day activities of an accounting and reporting team that is performing Accounting, Reporting, Analysis and Tracking
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Performing managerial reasonableness reviews and discussing reporting & analytics deliverables prepared by the team to ensure results make sense, that messaging is on point for the audience and ensuring the core objective of the deliverable is met
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Provide support to key stakeholders of the team to present analytical results, findings
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First point of escalation within the local reporting line for dealing with issues (people/process/technology) and ensuring that compliance requirements are adhered to (e.g. company policies surrounding standard of conduct, information security, employment regulations)
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Research & validate findings with discernment & context, identify gaps and recommend solutions which may include operational and/or system changes.
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Participate in or manage function specific projects as needed
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Ensure completion of deliverables within the committed timeframe including assistance with development of deliverable plans, attending deliverable specific or recurring meetings between the team and the onshore team. Team deliverables revolve around;
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Coordinate daily, weekly and month-end close activities
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Coordinate month-end close including prepare manual journal entries and export accounting system reports
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Perform Operating Cash account inventory and Cash Detect control review
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Perform SOX control testing, including identification of new non-client accounts
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Prepare manual journal entries for aggregate IBS backvalues
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Cycle reviews of external cash account agreements, mapping and internal STT ownership
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Cycle reviews of business unit self-testing for compliance with guidance
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Respond to internal and external requests including variance analysis and inquires
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Participate in ad hoc projects as SME for new transactions, new systems, new products, new sites, regulatory and accounting changes
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Perform user access reviews & certifications
List of Cash and Deposit Accounting systems:
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IBS, HOGAN, SEI, WallStreet, Intrader, T24 (beginning 2019) and manual sub ledgers for some legal entities
Process Re-Engineering, Standardization, and Automation:
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Lead the process Re-Engineering, Standardization, Automation
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Responsibility for ongoing process improvements
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Responsibility for execution of right-placement strategy
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Implementation support of the GAO process re-engineering and automation efforts
Expertise that we're looking for:
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CA or Equivalent Accounting Degree with 8-10 years of progressive experience in R2R areas with major financial institutions
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In depth knowledge of Cash and Deposit accounting, Transfer pricing including related clearance and settlement activities
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Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.
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Experience with managing dormant and understanding principles of applicable regulations.
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Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing policies, procedures and strong internal controls.
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Demonstrated leadership in improving/building-out the above process groups for multiple geographies and business areas
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Experience of leading re-engineering of R2R (record-to-report) processes and driving similar centralization of the end-to-end activities for the major financial institutions
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GAAP accounting guidance including US and IFRS and regulatory reporting requirements preferred
Skills that are key to this role:
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Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
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Knowledge of Hyperion Essbase, Oracle Financials
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Knowledge of Spotfire, Tableau, Cognos data analytics and visualization (or similar) a plus
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Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
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Strong communication skills, presentation skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC
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Independent decision-making capabilities, demonstrated thought leadership
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Pride of ownership with the ability to deliver high quality results timely
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Self-motivated, self-assured, and self-managed
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Strong analytical and ability to analyze and summarize complex financial transactions
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Strong attention to details
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Problem solving skill
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Highly organized with ability to multi-task and work under high pressure deadlines
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Must be able to work in a fast paced environment
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
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