Accounting Policy Specialist

Transaction, Policy and Advisory Group (TPAG) - Accounting Policy

Job Specifications

Responsible to: Head of London Accounting Policy
Functional Title: Accounting Policy Specialist
Corporate Title: Director

The TPAG – Accounting Policy (AP or the Group) is a global function whose mandate to develop DB’s Group accounting policies and to facilitate the consistent application of International Financial Reporting Standards (IFRS), German GAAP (HGB) and U.S. GAAP.

Based in London, New York, Frankfurt, and Singapore, AP provides accounting advice on areas ranging from individual trades and structures to corporate reporting. This is a challenging role given the sheer size, complexity and diversity of DB’s business.

AP is a key part of DB's Finance team and control environment. A primary role of AP is participating in the development of authoritative literature to promote the accounting positions that are most advantages for the Financial Services Industry in which Deutsche Bank participates.

AP is involved in the structured trade review process and provides accounting advisory services to the business.

What we’ll offer you

As part of our flexible scheme, here are just some of the benefits that you’ll enjoy

• Best in class leave policy

• Gender neutral parental leaves

• 100% reimbursement under child care assistance benefit (gender neutral)

• Flexible working arrangements / Work from Home Option (if necessary)

• On job training on various International Reporting Standards relevant to the profile

• Sponsorship for Industry relevant certifications and education

• Employee Assistance Program for you and your family members

• Comprehensive Hospitalization Insurance for you and your dependents

• Accident and Term life Insurance

• Complementary Health screening for 35 yrs. and above

Overall Purpose of the role:

To perform this role AP has a number of key functions:

Provide accounting advisory and consulting services to the Group

• Address issues at both the corporate level and transaction level (business line) with senior stakeholders

• Develop and maintain in-house expertise on accounting rules that impact our businesses

• Lead discussions and liaise with external auditors, internal audit and regulators

Work with industry groups

• Be Subject Matter Expert on new accounting developments such as IFRS 9 PIR related amendments or Primary Financial Statements

• Participate, drive and lead in meetings and comment letters aimed at getting industry views heard by standard setters and regulators

Provide educational services

• Issue accounting guidance on key topics

• Provide timely updates and reference materials on IFRS

• Develop and lead in person and video recorded training sessions on technical accounting topics

External monitoring

• Monitor developments of IFRS

• Participate in industry groups to discuss and comment on new issues

• Draft comment letters on Exposure Drafts issued by the accounting standard setters and draft DB input to industry comment letters

Internal communications

• Prepare timely memos addressing accounting developments, accounting issues and new transactions

• Issue formal Accounting Policies and Bulletins

Main Responsibilities:

To be a key member of the AP team, in particularly advising Senior Business, Risk (including Credit/Valuations) and Finance on accounting and related issues

• To be one of the professional staff globally providing in-house accounting advice to the Bank

• Position based in London

• Will have significant interaction with other members of the Global AP group to ensure global consistency of policy application

To be a key element of the global and local control environment

• The role has important aspects which face outside Finance primarily to the business and risk functions across the Investment Bank and Corporate Bank operating segments as well as to the Corporate & Other segment.

To be a trusted advisor for the Bank on IFRS issues

• Act as topic lead for a Financial Instrument related area of policy guidance, such as Financial Instrument Valuation or Derecognition or Hedge Accounting

• As accounting advisor to the business on specific transactions,

• To Finance on both specific transactions and general accounting issues

• Will be responsible for interpreting new pronouncements and the development of related DB policy

• Will attend as well as, where appropriate, lead IASB and industry meetings and roundtables – driving thought leaderships and ensuring that DB’s perspective is accurately and succinctly presented with aim of influencing the outcome of the meetings and roundtables.

• Will lead the development and delivery of DB accounting training and materials

Education Standard

Bachelors Degree/ Post Graduate

Additional Qualifications

ACA, ACCA, CiMA

Experience/Background

• Have 12+ years experience post qualification in Technical Accounting role, ideally the financial services sector

• Have an excellent technical knowledge of IFRS

• Have experience of participation in industry technical accounting forums and roundtables

• Have significant experience evaluating structured transactions involving financial instruments

How we’ll support you

• Training and development to help you excel in your career

• Flexible working to assist you balance your personal priorities

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

• A range of flexible benefits that you can tailor to suit your needs

About us and our teams

Please visit our company website for further information:

https://www.db.com/company/company.html

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.