Variable Interest Entity accounting

An Ideal Candidate:

Role: Variable Interest Entity accounting (VIE)

1. Good understanding on VIE accounting concept

2. Understanding on group of connected entities and step-in risk requirement. Step-in risk is the risk that a bank provides financial support to an unconsolidated entity that is facing stress, in the absence of, or in excess of, any contractual obligations to provide such support. Then new rules would require CRR firms and CRR consolidation entities to assess their step-in risk.

3. Ability to coordinate Finance/Ops/Legal/Business/Risk/Accounting Policy/stakeholders in order to:

o Develop formal documentation that will be subject to external scrutiny

o Design and agreeing operating procedures/ RACI

4. Analyze and investigating current booking system feeds into Ledger, designing disclosure templates

5. Understanding of consolidation & other structure including funding structure and how it impacts the step-in risk.