We are looking for a financial reporting and
risk management professional to join us in the Financial Reporting Risk (FRR)
team for a 12-month period. This is an opportunity to be an integral part of
the risk oversight and control function in the Second Line of Defence (2LoD) by
playing a key role in conducting independent reviews and assessments of
financial reporting risks across Nordea.
At Nordea, we see that the world is changing fast – and we want to be one step ahead of the curve. That’s why we’re deeply committed to providing the financial solutions of tomorrow to our customers. We’re creating an agile environment where we experiment and grow together – and we need your ideas and unique background. With us, you’ll be in good company with a chance to make your mark on something bigger.
About this opportunity
Welcome
to Financial Reporting Risk (FRR), a team within Balance Sheet Risk Controls
(BSRC), which is an independent Second Line of Defence (2LoD) risk oversight
and control function within Group Risk and Compliance (GRC). The FRR team is responsible
for the independent monitoring and oversight of financial reporting risks and the
implementation of the Accounting Key Control (AKC) framework across Nordea. The
AKC framework is Nordea’s framework for identifying, assessing and managing financial
reporting risks. You will be hands-on from the very beginning and play an
increasingly valuable role as your responsibilities grow.
What
you’ll be doing:
- Advising Group Finance & Treasury (GF&T) department in assessing potential financial reporting risks, by taking responsibility for a business area, engaging with relevant stakeholders, and developing an understanding of their end-to-end (E2E) processes and risks
- Conducting independent reviews and assessments over focus areas e.g. hedge accounting, impairments, conduct risk, one-off transactions, trade surveillance, toxic combinations etc.
- Participate in strategic initiatives to review frameworks, simplify the controls landscape and enhance Nordea’s awareness of the control environment
- Working with GF&T department and relevant stakeholders across Nordea to quantify the potential financial reporting impact of ineffective controls and/or data quality issues resulting from IT or process limitations, and to identify appropriate remedial actions
- Reviewing Business Area (BA) and Group Functions (GF) activities to ensure that internal controls within the control population are sufficient to mitigate financial reporting risks
- Partnering with other Nordea-wide regulatory project teams and assurance providers to identify synergies and collaboration opportunities where possible. This includes the development of a consolidated heat map of financial reporting risks
- Identifying and articulating control weaknesses and remedial actions for communication to senior stakeholders, up to and including Board Audit Committee (BAC) and Group Executive Management (GEM)
The role is based in Copenhagen or Stockholm.
Who you are
Collaboration. Ownership. Passion. Courage. These are the values that guide us in being at our best – and that we imagine you share with us.
To succeed in this role, we believe that you:
- Work well with others and always act with the customer's needs in mind
- Thrive in learning and trying new things, and you're excited about bringing your ideas to the table
- Are honest and dependable, willing to speak up even when it's difficult, and committed to empowering others
- Are passionate about doing a great job
- A self-starter and fast learner; someone who thinks on their feet with a can-do attitude
Your experience and background:
- Excellent interpersonal skills,
and professional fluency in both written and verbal English, with strong
organisational skills; ability to work actively under pressure as well as
to plan effectively and deliver work to agreed timescales
- Ability to collaborate and work
as part of a team, but also with a high degree of personal autonomy,
taking ownership and delivering on commitments whilst managing
stakeholders effectively
- Ability to identify and
articulate process and control weaknesses, and to influence others in
driving progress on remedial actions, including demonstrating the courage
to do what is right under challenging circumstances
- Sound understanding of the various risk and control frameworks (e.g. COSO/COBIT). Experience of providing and delivering assurance over regulatory requirements (e.g. Sarbanes Oxley) would be advantageous
- Experience in delivering attestations under defined FRR frameworks such as Sarbanes Oxley within a complex organisation would be a big advantage, as would a strong background in developing innovative or automated data analytic solutions that support external audit risk assessment and conclusions
- IT or risk consulting and advisory background from a top tier consulting firm is desired, with relevant experience in a large bank or financial services firm a key advantage.
- Good knowledge of Microsoft Office including Excel is required
Specific qualifications
for Senior Risk Expert
- Education to Degree level in
Finance, Accounting or Business Administration is required as a minimum.
Further certification in Accounting, e.g. CA/CPA, is considered an
advantage
- A minimum of 5 years’
experience in interpreting financial statements, key disclosures and
regulatory returns, with a proven ability to recognise and advise on the
remediation of control deficiencies
- An in-depth understanding of
stakeholder requirements, including those of internal and external audit
- Ambition coupled with a
proactive and autonomous nature, and a strong desire to drive quality
outcomes and add value, is essential
If this sounds like you, get in touch!
Next steps
Submit your application no later than 15 September 2019.
For more information, you are welcome to
contact Nancy Zhang on +45 21315446, , Christa Malki on +46 721459427, or Brandon Davids on +45 92439800,
At Nordea, we know that an inclusive workplace is a sustainable workplace. We deeply believe that our diverse backgrounds, experiences, characteristics and traits make us better at serving customers and communities. So please come as you are.
