Controller, AVP – State Street – Bengaluru, Karnataka

The AVP will be responsible for all aspects of US GAAP, IFRS, German accounting and reporting for Capital Markets products and day-to-day management of a team of 1-3 experienced Accounting professionals (the level specialists and analysts) that provide support to Global Product Controllers group. This individual will develop extensive operational knowledge and provide subject matter expertise in the area of accounting related to the products which includes:

• Securities Lending
• Credit Enhancements
• Repo/Reverse Repo

In addition to Business As Usual (BAU) responsibilities as described above, this role will identify opportunities for standardization, and automation efforts.

Business As Usual (BAU) Activities:

• Develop the team to adopt “owner’s mind set”, work independently, and effectively manage timelines
• May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported.
• Develop subject matter expertise in all aspects of the products under responsibility including operational aspects of a particular accounting transaction.
• Participate in or manage function specific projects as needed
• Ensure high quality and completion of deliverables within the committed timeframe. Team deliverables revolve around;

Daily :

• Monitor FICC Repo/Reverse Repo

Weekly :

• Book settlement journal entries

Monthly :

• Coordinate month-end close including prepare manual journal entries and export accounting system reports
• Review/Prepare account reconciliations and certification
• Process Servicing Fee Invoice

Quarterly :

• Prepare Regulatory, SEC, and Internal reporting
• Perform CCAR CFO attestation control testing
• Process Intercompany Tax Settlements
• Perform SOX control testing
• Review Operating Cash Inventory

Annual :

• Process Trustee Fee Payments
• Calculate Management Fees

Ad-Hoc :

• Prepare and update process narratives/procedures and flow charts
• Response to internal and external requests including variance analysis and inquires
• Participate in Ad Hoc projects and new transactions
• General ledger account requests
• Accounting systems maintenance and upgrade
• Responsibility for ongoing process improvements
• Assist in implementation of the GAO process re-enginerring and automation efforts

• Master’s Degree in Accounting, Chartered Accountant (CA) and Certified Public Accountant (CPA)/MBA-Finance with 10-12 years of progressive experience in R2R areas with major financial institutions
• Extensive practical experience and knowledge of the US GAAP and IFRS accounting standards for the above areas, experience with other accounting standards (German, etc.) is a plus
• Understanding of international regulatory landscape, experience with statutory accounting/reporting groups across several major international geographies.
• Experience of building and maintaining strong control environment (risk excellence, experience with SOX, RCSA controls, etc.), establishing, procedures and strong internal controls.
• Experience working with muti-geographical processes process
• Extensive experience performing day-to-day accounting operations, month-end and quarter-end activities for the above areas of accounting
• Experience with R2R (record-to-report) centralized processes

• Proficiency in Microsoft Office suite (Excel, Access, PowerPoint, Word, Visio), advance levels of Excel (pivot tables, formulas, excel workbook maintenance best practices)
• Knowledge of Hyperion Essbase ,Oracle Financials
• Knowledge of Spotfire, Cognos data analytics and visualization (or similar) a plus
• Conceptual understanding of company-wide financial architecture (GL, sub-GL technology, specialized tools) applicable to the above process groups of processes
• Excellent communication skills, prior experience of interacting with multiple stakeholders (Legal Entity and Geography controllers) in NA, EMEA, APAC
• Independent decision-making capabilities
• Pride of ownership with the ability to deliver high quality results timely
• Self-motivated, self-assured, and self-managed
• Strong analytical ability to analyze and summarize financial transactions related to the products supported
• Strong attention to details
• Problem solving skill
• Highly organized with ability to multi-task and work under high pressure deadlines
• Must be able to work in a fast paced environment