About the OpportunityJob Type: Permanent
Application Deadline: 31 January 2025
Title Associate Director, Continental Europe Financial Control
Department Continental Europe Financial Control
Location Luxembourg
Reports To Director, Continental Europe Financial Control
Level Financial Reporting - 7
We’re proud to have been helping our clients build better financial futures for over 50 years. How have we achieved this? By working together - and supporting each other - all over the world. So, join our CE Financial Control team and feel like you’re part of something bigger.
About your team :
Luxembourg acts as the headquarters of Fidelity International’s Continental European business and is where the Group’s major cross border product range is domiciled. The Luxembourg Financial Control team, together with a team in Germany, are responsible for the statutory reporting, regulatory reporting and financial control for all Fidelity’s activities in Continental Europe and for FIL Limited Group’s Latin American, African and Middle Eastern entities These entities are very significant companies within the Fidelity International organisation and are highly visible to senior management and to regulators.
The Continental Europe Finance team consists of the Director, Continental Europe Financial Control based in Luxembourg and staff based in Luxembourg and Germany supported by teams in India and China.
About your role :
Responsible for, the statutory reporting, regulatory reporting, and financial control for FHLUX on a standalone and consolidated basis, for the FHLUX subsidiaries and for certain FIL Limited subsidiaries and branches in Latin America, and the Middle East. Manage the coordination and delivery of external audits and the relationship with the external auditors and regulators. Manage and report on the capital and liquidity requirements for FHLUX and its subsidiaries. Manage regular and ad hoc reporting to the FIL Group and co-ordinate external audits. Ensure a robust internal controls environment and risk oversight in accordance with FIL Group policies and regulatory requirements.
- Ensuring that a robust internal control framework exists to ensure that transactions are recorded accurately and in accordance with US and local GAAPs to ensure high quality statutory, regulatory and management reporting.
- Taking a lead role within the Global Finance team in understanding changes to regulations and accounting rules, ensuring that Finance is initiative-taking in managing regulatory change.
- Manage the external audit process for the companies and branches accounted for and / or overseen from Luxembourg.
- Manage the relationships with external and internal auditors.
- Manage the regulatory and other capital and liquidity held by the entities overseen from Luxembourg to ensure adequate capitalisation and liquidity of all companies while maximising repatriation of surplus funds to the centre. This will involve ongoing capital monitoring and capital / liquidity planning as well as collaborating with other finance team members responsible for local regulatory reporting and, where appropriate, stress testing and support for European Risk in preparing regulatory risk-based capital assessments (e.g., ICARA).
- Working with the Tax department to ensure tax compliance for all relevant companies.
- Ensuring that all transfer pricing flows are working appropriately, involving understanding how the wider Fidelity operates to ensure that all appropriate transfer pricing flows are in place and fully documented.
- Taking a proactive approach to understanding, monitoring, and controlling risk, using the output to drive control improvements.
- Ensuring a robust control framework exists with relation to cash management and banking relationships.
- Provide Financial Control support for Continental Europe and global change initiatives, as appropriate.
- Liaising with Group Finance teams ensuring all their requirements are met.
About you :
- Qualified accountant (ACA / ACCA or equivalent relevant degree) with relevant post-qualification experience.
- Strong financial reporting knowledge and awareness of current accounting issues.
- Ability to balance monitoring detail and higher-level views across a matrix organisation.
- Resilience and an ability to probe and resolve issues.
- Demonstrable networking skills.
- Excellent organisational skills.
- Passion for continuous improvement – not afraid to challenge the status quo
Feel rewarded :
For starters, we’ll offer you a comprehensive benefits package. We’ll value your wellbeing and support your development. And we’ll be as flexible as we can about where and when you work – finding a balance that works for all of us. It’s all part of our commitment to making you feel motivated by the work you do and happy to be part of our team. For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
For more about our work, our approach to dynamic working and how you could build your future here, visit careers.fidelityinternational.com.
What We Do
Fidelity International offers investment solutions and services and retirement expertise to more than 2.5 million customers globally. As a privately held, purpose-driven company with a 50-year heritage, we think generationally and invest for the long term. Operating in more than 25 countries and with $739.9 billion* in total assets, our clients range from central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals.
Our Workplace & Personal Financial Health business provides individuals, advisers and employers with access to world-class investment choices, third-party solutions, administration services and pension guidance. Together with our Investment Solutions & Services business, we invest $567 billion on behalf of our clients. By combining our asset management expertise with our solutions for workplace and personal investing, we work together to build better financial futures.
*Data as of 31 March 2021
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