Finance

The following represent the primary functions of Controllers in Bangalore

Financial Reporting

• Reporting legal entities’ US GAAP financial information to the consolidations group for:
  - The firm’s SEC filings, including the earning releases, 10Qs and 10Ks
  - Drafting footnote, MD&A and earnings release disclosures
  - Evaluating complex business events and transactions, including identification of relevant accounting and tax disclosure requirements
  - Reporting daily, weekly, monthly and quarterly profit and loss (P&L) and metrics to senior management 
• Managing the firmwide compensation process
• Responsible for local GAAP reporting, audits, capital planning and taxation coordination for legal entities managed out of Bangalore
• Responsible for Global Fixed Asset accounting and reporting for most entities of the firm
• Support principal investment activities of FICC-Asia & Europe Special Situation Group (SSG) and MBD businesses, namely Real Estate Principal Investment Area (REPIA).
• Review new, as well as existing, transactions for accounting treatment and control considerations across various types of investment, e.g. equity, non-performing/sub-performing/performing loan, real estate, golf course, hotel, etc.
• Manage the regular preparation and submission of consolidated and non-consolidated US GAAP financial reporting and disclosures.

Product Control

• Supporting trading desks within FICC and Equities Trading divisions
• Preparing and analyzing daily P&L
• Calculating and monitoring balance sheet
• Performing price verification to substantiate trader marks
• Ensuring that business lines and products are accounted for in accordance with GAAP
• Producing management reports for all levels of senior management
• Acting as business expert and information conduit for many other areas of Finance

Regulatory Reporting

• Submitting regulatory returns to regulators worldwide
• Ensuring compliance with regulatory rules, notably the SEC in the US and the FSA in the UK
• Advising management on a wide array of regulatory matters and developments
  

IMD Controllers:

• IMD Corporate Controllers
  • Overseeing legal entity financial and management reporting, including preparation of financial statements, regulatory filings and coordination of audits
  • Reporting Asset Under Management & Revenue by region, channel and product
  • Establishing and monitoring accounting policies
  • Evaluating fund ownership structure for consolidation considerations
  • Monitoring and reporting firm investments in IMD funds
  • Preparing business performance package and metrics for Management Committee
  • Providing related party and other disclosure information for 10-K and 10-Q
• IMD Product Controllers
  • Instituting and monitoring valuation policies
  • Performing independent price verification
  • Originating fair value pricings
  • Executing performance calculations
  • Providing advice and support on structured trades
• IMD Fund Accounting
  • Overseeing fund financial statement preparation
  • Establishing accounting policies for funds
  • Reviewing investor P&L allocations
  • Coordinating investor reporting
  • Monitoring and supervising fund audits
  • Validating management and incentive fee calculations