FB&R Accounting Transformation Lead (Hybrid)

Our client operates in the Financial sector, with its headquarters rooted strongly in the United States. It has its branches spread to more than 160 countries, providing employment to more than 200k people all over the world. They fall in the Top 15 largest Banks in the United States. Its core business is to provide various Banking and Financial services to its clients. It is known to have one of the biggest balance sheet banks in the world (among others) aiding it to offer 360-degree financial services to its clients.

Role Description:

• The Financial Books & Records (FB&R) Transformation Initiative has been established under the wider Client's Finance Transformation and comprises three pillars - Accounting, Ledgers and Close, and associated global platforms, processes, and governance.
• The program includes standardizing and reducing risk across current FB&R processes and establishing the next iteration of ledger strategy to adopt and implement global standard SaaS/ Cloud based accounting and ledger platforms.
• The outcome will be a robust global process, governance, and controls to ensure consistent and materially accurate, complete, and timely ledger data and results.
• The FB&R Accounting Transformation Lead will support the delivery of Client’s Finance Transformation priorities, specifically the Strategic Accounting & Ledger Program).
• This is a dynamic role within Client’s Finance transformation that will provide significant exposure to senior management, and will require an ability to partner extensively with stakeholders across many lines of businesses and functions.
• Ideal candidates are proactive problem solvers with in-depth knowledge of ledger and accounting processes, possess an ability to work under pressure to meet tight deadlines and have excellent communication /interpersonal skills.
• The position provides both program delivery and thought leadership in improving effectiveness by supporting end-to-end solutions that drive efficiency and repeatability.The Strategic Accounting & Ledger Program implements a new platform with enhanced technical
• capability and supports our finance transformation strategy and realization of our Target Operating Model (including global and local processes).
• Thus, a proven track record in large-scale complex programs, change management, process simplification & re-engineering and technology enabled (SaaS/Oracle/SAP) implementation are preferred. 

Responsibilities:

• Support Product Owners/ Workstream leads in the successful execution of FB&R Instrument Sub-Ledger strategy and related workstreams, including operating model, process and controls.
• Work with existing Accounting and Sub-Ledger platforms to identify and define requirements, including key use cases and stories, for integration into program roadmap to decommission legacy capabilities and platforms.
• Partner with Accounting Transformation director to coordinate alignment of Accounting Hub and Sub-Ledger functionality.
• Deliver the transformation of US GAAP, IFRS and Local GAAP Accounting through defining requirements and implementing multi-GAAP accounting rules.  
• Drive the identification of data sources and data requirements to feed into the Accounting Hub and Sub-Ledger.
• Participate in testing, deployment of system modules and provide inputs to defining the future state service delivery and sustainment model.
• Participate in strategic ledger governance meetings and complete deliverables within Integrated Project Plan
• Own workstream deliverables and manage intra- and inter-dependencies across business stakeholder groups.
• Build strong relationships with Program Office Leaders, Program Sponsors and Technology Leaders as well as stakeholders in other our client-wide initiatives (Finance Data initiative, Consent Order), Product Control, Financial Control, and operational stakeholders (FRSS) to identify further transformation opportunities.  
• Provide workstream level metrics and business cases including risk reduction and efficiency measures.
• Deliver workstream communications, prepare and present FB&R updates to senior management forums.
• Partner with other Product Owners (Accounting, Ledger, Close, Operating Model, Process, or Controls) to coordinate priorities and ensure consistency of deliverables and artifacts across all workstreams.

Requirements:

• 6-10+ years of relevant experience, in financial services with a focus on accounting, transformation and program delivery.
• Previous experience in the implementation and transformation of US GAAP, IFRS and Local GAAP Accounting rules. 
• Understanding of accounting rules and standards for financial reporting.
• Knowledge of Oracle, SAP or similar ledger platforms including instrument sub-ledger capabilities (e.g. OFSAA, AHCS) and sub-ledger data, process and operational design
• Ability to perform business analysis, write business requirements and present ideas to audiences at all levels.
• Organizationally savvy; understands systems, management processes, knows where to go for information and how to interpret.
• A strong track record in driving global change within a finance function, with significant experience in accounting transformation, process re-engineering, and process simplification is preferred.
• Franchise player: ability to operate both broad and deep, critical thinker, self-motivated; comfortable working with ambiguity.

Education:

• Bachelor's Degree, potentially Masters degree in Business, Technology or a quantitative discipline or equivalent work experience.
• CPA / CA or equivalent preferred.