Business Finance Transfer Pricing Senior Analyst, NCT

Job Title: Business Finance- Transfer Pricing Senior Analyst, NCT

Location: Manila

Corporate Title: Senior Analyst

Treasury and Business Finance (TBF) owns the Treasury and Investment Banking Finance controls and provides insights on Treasury and Business performance. TBF is a control function with a critical role of ensuring integrity, completeness, and accuracy of the Bank's financial books and records. The group performs the Product Control function, which entails providing transparent and accurate valuation and appropriate regulatory control to avoid reputational damage to the Bank. In Deutsche Bank, this control function leverages on a multi-skilled team with capabilities to understand the financial impact of trades from the analysis of Risks and Profit and Loss up to the substantiation of the Balance Sheets, and interacts with a diverse set of stakeholders.

The Transfer Pricing (TP) function within TBF facilitates the calculation, booking and substantiation of intercompany Revenue and Cost accruals based on the agreed methodologies for each business. The TP team perform primary owner (PAO) and secondary owner (SAO) responsibilities in line with MRP guidelines used for substantiation purposes. The team is also responsible for Transfer Pricing Invoicing & Settlement: Raising of intercompany invoices and subsequent settlement and cash clearing. TP operates under a governance framework that enables the safeguarding of inter-group transactions data to achieve an end to end audit trail. In addition, it administers the documentation workflow and the transfer pricing attestations process and facilitates entity level profitability reviews and intercompany validation and control processes.

What we'll offer you

A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That's why we are committed to providing an environment with your development and wellbeing at its center.

• Competitive Salary

• Attractive Retirement Benefit

• Medical and Life Insurance upon employment

• 20 days Annual Vacation Leaves

Your key responsibilities

• Performs transfer pricing calculations, bookings, intercompany invoicing and settlement, FX management and MRP

• Ensure that the quality of output are: 1) Performed in compliance with the predefined processes and service level agreements.2) Processed in compliance with the established processes, procedures, policies and legal & statutory requirements. 3) Processed accurately and completely.

• Ensures that proper root cause analysis is performed on operational issues

• Performs sense checks/ self review of process outputs to detect irregularities, errors or variances

• Assist with ad hoc projects and queries from Finance or Business

• Engage in Change initiatives that may include (but are not limited to) brain storming exercises, process improvement discussions, meetings, UATs and post deployment checks.

• Build relationship of trust with clients

• Reconcile and close the month-end General Ledger for the accounts (Balance Sheet and P&L) for the product(s) relating to the Business and Entities within the SLA, and adjust ledger to reflect structured trades and Accounting GAAP

• Investigate and clear exceptions/break items, interacting with Revenue Control and Analysis, Operations and Transaction Accounting teams to ensure that MAFA and FOBO reconciliations of all forms are clean and aged breaks have clear ownership and defined escalation process

• Process accruals, journal entries and handle accounts involving Transactional Accounting (Payables, Receivables), as well as perform booking of processes, invoicing and settlements

• Improve processes and linking this to the upstream/downstream processes and outputs

• Implement standardization to methodologies and outputs

Your skills and experience

• Bachelor's Degree in either Accountancy or Business equivalent degree, while further professional qualification or study .e.g. CPA, CFA, CMA, or Master's Degree will be an advantage

• Knowledge of a range of financial products and markets will be expected from you in this role, while knowledge of US-GAAP/IAS is beneficial.

• Strong competencies in investigation, problem resolution and detail intensiveness

• Possess excellent communication skills and ability to confidently interact with a diverse set of stakeholders, as well as a change mindset- as Deutsche Bank embarks on a multi-year program to transform its strategic architecture and improve its processes.

• Experience in automation, and using programming languages such as Visual Basic for Applications, Visual Basic, Python, Tableau and Alteryx will be an advantage.

How we'll support you

• Training and development to help you excel in your career

• Coaching and support from experts in your team

• A culture of continuous learning to aid progression

About us and our teams

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.
 

We promote good working relationships and encourage high standards of conduct and work performance. We welcome applications from talented people from all cultures, countries, races, genders, sexual orientations, disabilities, beliefs and generations and are committed to providing a working environment free from harassment, discrimination and retaliation.

Click here to find out more about our diversity and inclusion policy and initiatives.

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.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.