Middle East jobs in Germany

Pay Competitive

Location London/England

Employment type Full-Time

• Req#: 10059615-WD

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 6th largest financial group in the world. Across the globe, we’re 160,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

OVERVIEW OF THE DEPARTMENT/SECTION

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

As one of the top financial groups globally with a vision to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, MUFG Bank, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.

EPD Finance is primarily responsible for financial accounting, JGAAP & USGAAP Financial reporting to Head Office, Regulatory Reporting to Prudential Regulation Authority (PRA) and Bank of England (BoE), Financial Planning and Management Reporting, Treasury Finance Reconciliation & Reporting, Taxation and managing bank-wide SOX Programme to comply with the Sarbanes-Oxley Act.

EPD Finance also proactively support and mentor Finance departments of other EMEA units in areas of Accounting, Taxation and Internal Controls.

NUMBER OF DIRECT REPORTS

N/A

MAIN PURPOSE OF THE ROLE

• IFRS conversion of Japanese GAAP profit to IFRS profit (including ECL calculation based on IFRS 9 standards)
• Preparation of IFRS profit and loss account statements
• Maintain fixed assets register and prepare all fixed assets related Head Office reports
• Co-ordination of systems suspense accounts process
• Preparation and review of monthly closing journals and adjustments
• Preparation of Financial Accounting Reports in order to support the Bank in meeting its deadlines to its various stakeholders

KEY RESPONSIBILITIES

In this role, you will be responsible for Financial Reporting across MUFG’s banking arm and securities business under a dual-hat arrangement. Under this arrangement, you will act and make decisions on behalf of both the bank and the securities business, subject to the same remit and level of authority, and irrespective of the entity which employs you.

• Monthly preparation of IFRS 9 ECL adjustments in Modus, liaising with relationship managers to establish staging based on credit rating. Review of discounted cash flow calculations based on borrower rating and market scenarios. IFRS accounting of held for sale loans which includes liaising with Front Offices for fair value calculations. Keep up to date with changes to the current reporting requirements.
• Assist with upgrades and testing of the ECL reporting system to enable continuous accurate reporting. Working with technology to ensure any issues are resolved in a timely manner.
• Preparation of monthly Japanese GAAP to IFRS profit conversion for tax calculation and presenting to Senior Management with detailed analysis.
• Preparation of IFRS profit and loss account statement.
• Review of systems suspense accounts and control and maintenance of designated suspense accounts, liaising with account owners to ensure validity and accuracy of individual account transactions and timely capitalization of assets.
• Responsible for review of Application of Systems Development Forms and fixed assets coding in Concur (Payments Systems).
• Control (existence, valuation and completeness) of the Bank’s fixed assets register and preparation of fixed assets reports to relevant stakeholders including responding to any ad hoc enquiries relating to fixed assets.
• Completion of monthly closing journals, ledger adjustments and reconciliations.
• Half yearly Variable Interest Entity reporting.
• Preparation and reconciliation of intercompany recharges.
• Quarterly and semi-annual Japanese GAAP and US GAAP reporting preparation and review ensuring complete, accurate and timely preparation and submission of reports.

WORK EXPERIENCE

Essential:

• Experience in banking/financial services within the Financial Reporting and Regulatory Reporting functions.
• Working knowledge of IFRS standards including IFRS 9 ECL calculations.

Preferred:

• Fixed assets reporting experience.

SKILLS AND EXPERIENCE

Functional / Technical Competencies:

• Good working knowledge of Microsoft Office (Excel, Word and Access) is essential for the role as well as exposure to accounting software packages.
• Good written and verbal skills.

Education / Qualifications:

• Professional Accounting qualification (ACA, ACCA, CIMA or equivalent) – essential.
• Degree or equivalent experience.

PERSONAL REQUIREMENTS

• Excellent communication skills.
• Results driven, with a strong sense of accountability.
• A proactive, motivated approach.
• The ability to operate with urgency and prioritize work accordingly.
• Strong decision making skills, the ability to demonstrate sound judgement.
• A structured and logical approach to work.
• Strong problem solving skills.
• A creative and innovative approach to work.
• Excellent interpersonal skills.
• The ability to manage large workloads and tight deadlines.
• Excellent attention to detail and accuracy.
• A calm approach, with the ability to perform well in a pressurized environment.
• Strong numerical skills.
• Excellent Microsoft Office skills (Excel, Word and Access essential).

PERFORMANCE AND DUTIES

The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.

As duties and responsibilities change, the job description will be reviewed and emended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.

MANAGING CONFLICTS OF INTEREST

• The role holder will have responsibilities for both MUFG Bank and MUFG Securities EMEA plc.
• The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
• The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
• Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
• The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.