BNY Mellon Careers

UK Accounting Specialist

Manchester, United Kingdom
Finance/Accounting


Job Description

As the lead accounting specialist for the UK Controllers group you will support the UK Financial Controller in ensuring that generally accepted accounting practice (GAAP – US and IFRS) and the corporate accounting policies (CAP) are adhered to for all UK entities  and statutory reporting is of a high quality. This will include ensuring the Financial Statements across the group entities in the UK are consistent, in line with External  Auditors expectations, meet accounting and disclosure requirements and represent the entity’s business and transactions correctly.  

This will include working closely with the external auditors and Technical Accounting group to ensure that the books and records correctly account for both standard and non-standard transactions and identify where IFRS and US GAAP diverge. Where the two GAAPs diverge ensure that there is well documented and the appropriate adjustments are made in the IFRS ledger.

Through the audit cycle working closely with the legal entity controllers ensure that the audit is well managed and effective.

A key part of the role will be to ensure that UK Controllers is ready for accounting change so a proactive approach will be required to identify and articulate what needs to be implemented and the associated time lines. From time to time detailed papers will need to be written is support of a position the Corporation has taken that will stand up to scrutiny from the external auditors.

There will also be opportunities to bring your experience and insight to the wider BNYM group in support of particular transactions or identification of issues where the solution will be outside of Finance. Thus being able to work across different areas and building robust relationships will enable you to have a far reaching impact.

Key responsibilities:

Governance

• Ensure there is tight governance over accounting interpretations

• Work with counterparts across the region  to ensure consistency of treatment and application

• Quarterly attestations to the US on compliance with GAAP and corporate accounting policy

• Co-ordination of the BNYM rep letter process for UK/EMEA entities

• Oversight of the IFRS balance sheet reconciliation process

Advisory

• Work with the Technical Accounting group on complex accounting issues

• Analysis of transactions, in particular the impact to the balance sheet and P&L

• Working closely with the regulatory reporting team to ensure the accounting decisions flow through correctly to financial regulatory reports

Reporting and Audit

• Consistent high quality financial statements that meet the stakeholders’ expectations

• Co-ordination of the BNYM rep letter process, including errors and omissions  for UK/EMEA entities

• Working closely with the external auditors to ensure group and local audits are well managed and meet the agreed timetable

Projects and Change

• Implementation of new accounting standards

• Lead UK effort for practical implementation

• Understand the impact across legal entities

• Communication of changes to legal entity controllers and other stakeholders

Qualifications

Person Specification/ Qualifications:

• Qualified accountant with significant post qualification experience

• Financial services experience preferred

• In depth knowledge of IFRS and US GAAP

• Proven track record in translating accounting theory into practical application

• Project management and outsourcing experiences would be desirable.

• Exposure to PeopleSoft general ledgers beneficial

Core Competencies:

• Excellent communicator who is able to articulate complex accounting issues

• Strong technical analytical skills

• Ability to collaborate across Finance and the wider organisation

• Able to work in a complex global organisation

 



For over 230 years, the people of BNY Mellon have been at the forefront of finance, expanding the financial markets while supporting investors throughout the investment lifecycle. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments & safeguards nearly one-fifth of the world's financial assets. BNY Mellon remains one of the safest, most trusted and admired companies. Every day our employees make their mark by helping clients better manage and service their financial assets around the world. Whether providing financial services for institutions, corporations or individual investors, clients count on the people of BNY Mellon across time zones and in 35 countries and more than 100 markets. It's the collective ambition, innovative thinking and exceptionally focused client service paired with a commitment to doing what is right that continues to set us apart. Make your mark: bnymellon.com/careers.

Finance helps our internal clients outperform over time. At BNY Mellon, Finance serves our internal clients by providing world-class accounting operations and control and decision support while instituting world-class change management. Global Procurement is responsible for establishing the programs to acquire products and services for BNY Mellon by employing deep category knowledge and commodity expertise, coupled with an understanding of the needs of our businesses and business partner groups. The Corporate Treasury group is responsible for managing the investment portfolios and the liquidity and capital positions of the various subsidiary banks and of BNY Mellon.

BNY Mellon is an Equal Employment Opportunity Employer.

Primary Location: United Kingdom-Greater Manchester-Manchester
Job: Finance/Accounting
Internal Jobcode: 85086
Organization: Finance-HR06599
Requisition Number: 1810130