Business Unit: Chief Financial Office
Department: Financial Reporting & Accounting
Job Family: Finance
Job Title: Financial Reporting Director
Corporate Title: Director
FLSA Code (US Only): Exempt
People Manager: Yes
Business Unit Description:
Finance enables DTCC to maintain the highest level of financial performance by providing sound accounting and financial control of our business operations, partnering with business leaders to support business planning efforts and capital investments.
The Financial Reporting Director reports to and assists the Global Corporate Controller, manages a team of individuals and is responsible for the global leadership of all external financial reporting and regulatory reporting as well as the oversight of all technical accounting matters.
Coordinates preparation of the DTCC consolidated financial statements and three subsidiary stand-alone financial statements submitted to the SEC
Provides guidance and oversight for all subsidiary financial statements issued globally (>20 financial statements) to ensure consistency in reporting and accounting
Manages the consolidated year end audit as well as quarterly reviews
Analyzes and reviews consolidated financial results and review ongoing business operations with Corporate Accounting, Financial Planning & Analysis, and Tax
Oversees the team responsible for researching, analyzing, documenting, and implementing transactions that require a US GAAP and IFRS technical accounting assessment including implementing new standards
Remains current on pending accounting guidance and evaluate the financial implications of proposed/new accounting pronouncements
Prepares material used in communications to the Audit Committee of the Board of Directors and senior management covering accounting issues to enable decision making
Participates in various special projects such as implementation of new accounting standards, M&A transactions, and serve as financial liaison to various multi-functional task forces focused on operational issues
Updates the Company's financial and accounting policies as needed and assist with the application and adherence to the policies
Mitigates risk by following established procedures, spotting key errors and demonstrating strong ethical behavior
Leadership Competencies for this level include:
Strategic Thinking: Effectively translates the vision into specific business objectives, thinks of different ways to do things and through all angles to provide insights and develop strategies that guide future decisions.
Organizational Savvy: Understands DTCC's products and service offerings, as well as key stakeholders, and demonstrates the ability to form and cultivate internal networks that will help navigate getting things done.
Leading Change: Embraces and adapts well to changing circumstances, identifies areas of needed change and employs many methods to drive those activities to meet organizational goals.
Financial Acumen: Understands business financials and has the ability to work with complex data and information, and adopts practical and workable approaches.
Team Building: Builds teams by quickly establishing relationships and drives a team identity and shared purpose based on diversity of thought, skills and personalities.
Inclusive Leadership: Values individuals and embraces diversity by integrating differences and promoting diversity and inclusion across teams and functions.
CPA with at least 10 years of related experience, including 5 plus years in public accounting, preferably with a Big 4 accounting firm. Exposure to SEC reporting required
Bachelor's degree preferred with Masters or equivalent experience
Solid knowledge of US GAAP and familiarity with IFRS and SEC rules and regulations required
Ability to research and propose company positions on complex accounting issues; a knack for communicating complex, technical issues in a plain English and authoritative manner to diverse audiences
Exceptional written and verbal communication; must be willing and able to interact with and present to all levels of the organization in a clear and concise manner. Robust problem solving and analytical skills; strategic and creative thinking aptitude.
Proficient with financial systems, particularly HFM (Oracle and Oracle Cloud expertise a huge plus)
With over 40 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From operating facilities and data centers around the world, DTCC automates, centralizes, and standardizes the processing of financial transactions across the trade lifecycle and mitigates risk for thousands of institutions worldwide.
At DTCC we value on our clients' interests and partner to deliver superior results with excellence and innovation and lead with integrity. We proactively develop your potential and invest in your career.