Vice Presidents, Financial Accounting

Title: VPs Financial Accounting
Employer: ING Financial Services, LLC
Location: New York, NY
Salary range: $143,000 - $181,000
Job Description:
Work with the Financial Accounting Team to maintain a holistic and robust reporting environment with accurate financial data and substantial control framework. Perform financial, regulatory and management reporting for applicable ING entities in accordance with internal global banking policies, procedures, and accounting and regulatory frameworks. Demonstrate an in-depth understanding of financial accounting and controls. Responsible for the Dutch Head-Office consolidated Financial and ECB Regulatory Reporting. Take ownership of the quality and reliability of financial reports. Review variance analyses and detailed commentary for balance sheet, income statement, and off-balance sheet. Add value to the Business by raising relevant recommendations. Research and assist in the implementation of new accounting guidance and keep abreast of new accounting guidance impacting reporting. Liaise with other Finance teams, Operations, Front Office, and internal and external auditors. Implement on-going internal controls over financial reporting and improve processes and controls.
Minimum Requirements:
Bachelor’s degree or foreign equivalent in Finance, Accounting, or closely related field and minimum 5 years of [or master’s degree or foreign equivalent as stated above and 2 years of] experience in any occupation involving financial reporting under IFRS within the banking sector.
Must have experience working with the following: accounting and reporting of financial products including (reverse) repurchase agreements and securities borrowing/lending, loans, derivatives, equities, and bonds; EU regulatory reporting and accounting policies; performing complex analysis on financial statements, external disclosures, and regulatory reports including FINREP; defining accounting and reporting requirements for financial system changes, performing testing for implementation, and collaborating with IT teams to ensure system alignment with regulatory and organizational standards. performing variance analyses and preparing technical commentary including supporting the interpretation and implementation of new accounting guidance; enhancing and automating processes within financial accounting and IFRS reporting environments including improving workflow efficiency, data quality, and reporting controls; navigating systems for reporting, journal entries, and data extraction using PeopleSoft, and SAP ; reconciling financial data between back-office & reporting systems, and GL to ensure accuracy and consistency; liaising with internal & external auditors; and providing recommendations to establish a substantial control framework. #LI-DNI