Why choose Umbrella Company Services in Turkey ? Advantages of JK Consulting

JK Consulting Umbrella Company Turkey offers many advantages, both for individuals and for client companies.

Benefits of Umbrella Company in Turkey for employees

  • Benefit from the status of employee: thanks to the Payroll, the employees benefit from the classic advantages of the employees (social security, providence, retirement, unemployment insurance, mutual insurance company…) while managing their activity themselves. They build and retain their customers and manage their schedules and activities.

 

  • Exercise your activity in complete freedom: JK Consulting Umbrella Company in Turkey allows those who are worn not to waste time on all administrative, accounting or tax tasks. They thus have the possibility of devoting themselves exclusively to the development of their clientele and their activity.

 

  • Invoicing clients independently: JK Consulting allows litters to benefit from an administrative and legal framework. They therefore do not need to create a legal structure themselves, and have the possibility of invoicing their services independently.

 

  • Integrate the dynamics of a network of experts: JK Consulting Umbrella Company in Turkey allow the employees to benefit from a network of independent consultants to multiply their mission potential.

 

  • Test a business creation project: JK Consulting allows future business creators to test their project, their market, as well as their ability to attract and maintain a clientele before launching.

The promoters of Payroll in Turkey as JK Consulting specialized in Umbrella Turkey argue that:

 

  • developing your activity as a consultant or salaried service provider in an Umbrella company based in Turkey allows you to focus on your commercial development and access ad hoc support while freeing yourself from administrative management;

 

  • have real employee status with the accident at work guarantee, sickness and maternity benefits, unemployment benefits;

 

  • benefit from excellent professional liability coverage;

 

  • find a network of independent consultants to multiply their mission potential

 

The main motivations for Umbrella Company in Turkey are in order:

 

  1. sustainably develop a consultancy, service or commercial activity, while retaining its autonomy, but benefiting from an organized service and a network;

 

  1. test a new activity before settling down on your own;

 

  1. get out of unemployment and find a professional activity;

 

  1. Preserve his social benefits: the consultant who decides to take up Payroll retains all of his advantages as if he were an employee. That is to say that he will continue to benefit from advantages such as social security, unemployment insurance, providence, retirement, supplementary retirement, optional mutual insurance, company savings plan.

 

  1. do not work alone, develop offers to take calls for tenders that exceed his skills

 

Payroll definition and example of cost calculation

 

The cost structure of Payroll is as follows:

 

Calculation method

 

Turnover (excluding taxes)

– Management fees and margin of the carrier company

= Turnover to be transferred

– Management of professional expenses (often limited to one%)

= Turnover brought into salary

– Employer contributions

– Employee contributions

= Net salary paid

From the point of view of VAT, the employee asks to Umbrella company invoice his fees, the value of which he has negotiated without tax with his client. The carrier adds VAT, which the customer can generally recover.

 

Critics of Umbrella Company in Turkey are based on the fact that:

it promotes more precarious work relationships than traditional wage earners;

 

  1. some Unemployment benefits in agencies in Turkey are not yet aware of the new law and it still happens that they refuse to compensate accordingly all the hours worked – and paid – as an employee of a Payroll, when this is dismissed, therefore at the exit of the Umbrella company.

 

  1. it is expensive in terms of expenses and management. The question arises of creating a company or practicing in liberal to lighten the bill. For administrative hassles, you can outsource to an accountant. And for the « guarantees » of salaried workers, they exist but given their cost, you have to wonder about the quality / price ratio and think about whether this money would not be better invested in the development of your activity. Because the best guarantee is still to make a good turnover!

 

  1. Finally, this system would maintain an illusion of security linked to the « status » of an employee when the reality is that you can only count on yourself and your entrepreneurial skills to succeed. Being an expert in your field will not be enough to develop your business on your own.

General benefits of JK Consulting Umbrella Company in Turkey

Respond to a specific need for skills expertise: Payroll in Turkey allows client companies to find skills that they do not have internally, to meet the needs of the moment, by bringing in an independent professional, without having to resort to recruitment.

Breaking free from the constraints linked to salaries: thanks to JK Consulting (specialized in Umbrella Company Turkey), client companies do not have to face the constraints linked to the hiring of an employee. The relationships between the client company and the person covered are those of client to provider. The client company therefore only pays the fees invoiced to it and has no social, tax or contribution obligation.

Publié dans Job Offers

How is PEO growing in popularity in Turkey ?

It is true that use of Professional Employment Organisations in Turkey is increasing fastly for several reasons. Why PEO in Turkey is so popular ?
Before to answer to this question, we need to know why Turkey is an economical attractive attractive destination for foreign companies wishing to develop their activities.

PEO Turkey and growth of Turkish Economy

The Turkish economy is enjoying significant economic growth compared to its neighbors in the Middle East. The growing key sectors are attracting the interest of international investors as the country develops an important plan, the centenary of the republic in 2023.

First economy of the Middle East and eighth of the Old Continent, Turkey has a significant number of assets making it the 18th largest economy in the world in terms of gross domestic product (GDP), which amounts to 721 billion dollars (682 billion euros). For the centenary of the founding of the republic, the country aims to be the 10th economic power in the world.

A robust economy, rich and resistant to political instability

The sectors of tourism, agriculture, industry, research and development, textiles, automotive and energy enjoy constant development and have aroused enormous interest from the international community since several decades.

Despite an unstable political situation following the failed coup on the night of July 15, figures released by the International Monetary Fund (IMF) illustrate stable economic health.

From the 4.5% increase in household consumption to 68% of GDP in 2015, to economic growth estimated at 3.9% for the current year and passing through the significant decrease in the unemployment rate in the country (1.6% in 2014 against 28.8% in 2003), Turkey continues to attract investors from all over the world.

A safe bet in the eyes of the international community?

For more than half a century, Turkey has repeatedly engaged in bilateral agreements between several countries. In addition, the promulgation of the 2003 law for the encouragement of foreign investments accentuated this opening.

The country has signed bilateral agreements with more than 94 countries, 75 of which have been ratified. In addition, a free trade agreement was signed with the European Union in 1996 and with more than 37 other countries thereafter.

In terms of banking, the country has more than 53 Turkish banks representing more than 70% of the financial sector, a third of which hold foreign capital up to 30%. In 2001, in the midst of the financial crisis, Turkey successfully implemented structural reforms, enabling it to strengthen its banking sector and to attract ever more investors.

In addition to good transportation infrastructure and low-cost labor, these banking agreements and reforms have provided the country with a very favorable business environment for investors.

Key Sectors of the Turkish Economy in the 21st Century

Among the main sectors promoting economic growth and protecting the country from a financial crisis, the agricultural and industrial sectors take the lion’s share.

The seventh largest agricultural producer in the world thanks in part to its leadership in the production of dried figs, hazelnuts, seedless raisins, dried apricots and milk production, agriculture in Anatolia accounts for 8% of its GDP.

The aquaculture market is developing rapidly in the country which holds 7.2% of the world market, increasing by 8% per year. As for citrus fruits, Turkey produced almost 4 million tonnes in 2015.

Despite the three million agricultural businesses, mostly family-run and small, the growth in demand for agricultural products continues to increase and calls for new investments in this area.

This agricultural strength comes in part from the mild climatic conditions, but what sets Turkey apart from its neighboring countries is the incentives taken by its government.

Among the country’s main assets, its skilled and inexpensive workforce, its more flexible regulations, tax relief, exemption from Value Added Tax (VAT) and the presence of an agency dedicated to supporting and promoting investments.

Increase in French investors in Turkey

Since the signing of the labor agreement on April 8, 1965, bilateral relations between the two countries have grown steadily. In 2015, France was the 6th largest customer of Turkish products, the bilateral trade volume amounted to more than 13.4 billion dollars (12.7 billion euros), and there were more than 400 establishments generating 100,000 jobs.

Turkey has many French companies on its soil operating in several business sectors with good development prospects. Among them, the automobile (Peugeot, Michelin, Valeo,…), construction materials (Saint-Gobain, Lafarge), the food industry (Danone, Bongrain,…), the pharmacy (Sanofi), health, new communication techniques, R&D, services and tourism, banking and even electrical construction.

The environmental field also has its share of innovations and offers very interesting prospects for French investments in the field of water, waste management and elimination and industrial pollution control. An investment of 70 billion dollars (66.2 billion euros) is planned for these areas.

Why PEO in Turkey is attractive ?

By using PEO services in Turkey, you facilitate your entry in the Turkish Market. Lets us explain you the functioning of Payroll in Turkey which is quite easy.

PEO in Turkey manual

The employee

  • Prospects target companies
  • Negotiates fees
  • Carry out mission
  • Declares activity days
  • Receives salary

PEO Turkey

  • Supports client companies in the development of their activity
  • Provides support and solutions
  • Establishes with the client a service contract according to the nature of the assignment, its duration, the amount of fees
  • Invoices client
  • Pays to employee the salary after deduction of social charges and management fees

The benefits of PEO in Turkey

By opting for the PEO you limit your risk of entering the Turkish market. In fact, you will have precious help from the PEO who will take care of all the administrative procedures for you without having to open any company. Otherwise, you could be subject to certain dangers such as not knowing certain rules concerning the opening of a business, the duties of the employer and the rights of the employee.

Do you want to invest in the Turkish market by taking advantage of the services offered by a PEO in Turkey ? Why not contact us directly? Our team would be happy to support you during all stages of your establishment on the Turkish market.

Publié dans Job Offers

Running payroll in Turkey – JK CONSULTING

Each month, lot of tasks need to be completed by a Payroll Company in Turkey known as an employer. There are tax months.

 

Payroll in Turkey overview

 

Our company can offer some Payroll Solutions software in order to make the pay easier. With our Payroll Solution Software :

  • Salary and wages can be recorded
  • From national insurance and tax deductions can be calculated
  • Employer’s turkish national insurance contribution are calculated
  • Payslips are produced
  • Pay and deductions are reported

Record and report of pay are sufficient if an employee is paid under a certain amount.

 

Turkish Payroll and Taxation

 

Whether the company in Turkey employs foreign nationals or local Turkish employees, there are rules for Payroll in Turkey.

Individual tax, social and health insurance costs, payroll tax, sales and business tax are considered as primary concerns for foreign companies in Turkey.

Your Payroll options in Turkey

Usually foreign companies in Turkey which don’t have any legal structure use the PEO Turkey (know as the professional employer organization).  This company employs and payroll the staff in Turkey.

Foreign companies prefer that a local Payroll Turkey company administer their payroll.

This Payroll Turkey company is responsible for the payment of taxes in the country.

If a foreign company wish not tu use the services of a PEO in Turkey. They need to register their business, hire by themself their human resources staff. With this approach, the cost are high, and the foreign companies need to have a solid knowledge of the employment/payroll laws.

Payroll Turkey companies can deal with all aspects of workers (as taxes…payslips…social security payments etc…)

PEO is paying taxes and wages of the employees each month, then invoices the client company in advance.

The calculation of Payroll Company invoice is :

TCE (Total cost for employer) + Payroll/Management fees.

Then, PEO provides payslips to both employees and clients companies.

 

Turkish corporate tax already westernized

You can look for a Payroll Turkey Company or, your need to know that Turkish corporate has been really westernized. The « modern » Corporate Tax was created by the law of June 3, 1949 and entered into force on January 1, 1950. The law was codified, and 1950 represents by therefore the year of the first Corporate Tax Code, the KVK (Kurumlar Vergisi Kanunu), largely influenced by German taxation. By way of comparison, the Corporate Tax was created in France in 1948 and, in Germany, in 1920. The Turkish government’s deliberate inspiration for the provisions German Corporate Tax Körperschaftssteuer is already a first step towards the westernization and Europeanization of the Turkish tax system.

Regarding tax coding, a dualism highlights the “calculation codes” and the « Status codes ». This tax coding « is global, but the structures of the codes tend to repeat and resemble each other by major region  » : America, Latin, Africa, Eastern Europe. As for Western Europe, it does not constitute alone, a geographically homogeneous codifying area insofar as three intersect large families of codes. Turkish tax codes, inspired by German law and therefore belonging to the family Ibero-Germanic, were initially of type « status code », the content thus being statutory with rights and obligations. With the developments that started in the 1980s and above all, since the adoption of the new Corporate Tax Code in 2006, the Turkish codification is today more of the « calculation code » type, the content of which allows more precise tax calculation.

Such a statement can be made to with regard to the main codes which are the Income Tax Code (GVK), the Code of Corporate Tax (KVK), the Value Added Tax Code (KDVK) and the Code of Turkish Tax Procedure (VUK). The current Turkish Corporate Tax Code establishes, in its article 1, the list of persons falling within the scope of the Corporate Tax:

 capital companies (Sermaye Şirketleri), which include

public limited companies, limited liability companies;

 limited partnerships;

 investment funds;

Étrangères foreign companies of all kinds;

 cooperatives;

 economic administrative establishments (Iktisadi kamu

müesseseleri);

 associations;

 unions;

 foundations

Under Article 25 of the former Corporate Tax Code (KVK) 554, the Corporate Tax rate in Turkey was 30%. It’s now 20%, in accordance with article 30-1 of the new Turkish Corporate Tax Code introduced by the law of June 21, 2006 555. The new 20% rate came into effect retroactively on 1 January 1, 2006 and therefore applies to profits made since that date.

Turkey, unlike France, applies a single rate of Tax on Companies. In fact, France, apart from the rate of 33.1 / 3%, also has a reduced rate of 15% 556, applicable to small and medium-sized enterprises.

The existence of a tax system governed by one or more tax rates does not attest not the degree of modernization of this system. The majority of European countries have only one only corporate tax rate. Therefore, the single tax rate will not be taken into account in this research as a criterion of modernism.

The corporate tax base of companies located in Turkish territory is represented by the « establishment profit » (kurum kazanç) made during a exercice. Turkish tax authorities use the term « establishment profit » to distinguish between profits of different establishments to facilitate the taxation of the business when it has several establishments. The tax concept of « establishment profit » is all the more appreciable when the company operates establishments in several countries.

Payroll Turkey Turkish Corporate Tax Declaration

Accounting result 300 000
++ Reintegration KKEG 40 000
+ + Financing fund

from the previous fiscal year

0
= Tax result 340 000
  80 000
  30 000
  50 000
– – Tax reduction 160 000
Result 180 000
Removed in 2016 60 000
Reduction for investment 40 000
Establishment profit 80 000
Corporate Tax 16 000

More informations about our company are available on our Accounting Turkey website.

 

 

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Work from home and Payroll Turkey

Work from home and Payroll Turkey

 

Do you know Payroll Turkey ? This is a new form of employment, based on a tripartite relationship: the consultant or salaried employee, the Payroll company that offers the latter a Payroll employment contract, and the client company.

 

We can consider Payroll Turkey as a form of employment halfway between employee and entrepreneur, which allows to cumulate the safety of the employee and the freedom of the entrepreneur.

 

Payroll Turkey, an alternative for homework?

 

Today, many professionals are looking for autonomy, as evidenced by the rise of work at home. This mode of operation offers significant advantages but needs to be organized: one must be able to impose schedules, to distinguish between personal and professional life, or to avoid loneliness.

 

To satisfy their need for autonomy, many workers start their own business. For this, some create a traditional business, others turn to self-entrepreneurship. Finally, some make the choice of wage portage, several reasons are the cause:

 

  • Security and benefits of employee status (pension contribution, social security cover, right to training, etc.).

 

  • Support of invoicing and administrative parts by the company of porterage with a percentage (10%) on the turnover.

 

  • Opportunity to test his activity serenely and use the Payroll as a stepping stone to entrepreneurship.

 

  • Development of the network thanks to the company of Payroll, which makes it possible to meet professionals, to surround oneself, and to avoid « the isolation » which face some professionals who made the choice of the work at home.

 

In essence, Payroll is adapted to teleworking activities. Payroll is a real legal « framework » for carrying out its missions by working from home. It makes it possible to supplement working time at home with working hours within companies or in co-working spaces if the porter wants to find a working community.

 

More informations on Payroll Turkey available on our Accounting Turkey website.

Publié dans Umbrella Company Turkey

Umbrella Company Turkey

The Umbrella Company Turkey cost is cheaper than in Europe. This country has important assets in many sectors. Recognized as the global showcase of aeronautics, Turkey, 17th world power, has many projects for 2023 (hundredth anniversary of the Turkish republic founded Mustafa Kemal Ataturk). It must be known that air traffic has increased in dynamics for ten years by seeing its figure multiplied by six. Turkish Airlines, will see the number of its planes in its portfolio increase to 400 by 2020.

With the Turkish Aerospace Industries (TAI) Turkey has an internationally recognized showcase in the field of aeronautics.

This growth attracts many foreign SMEs attracted by this Turkish ambition to become a leading industrial player producing its own devices. Not to mention the low price of Umbrella Company Turkey.

The Turkish industry in this field is rising and is investing heavily in R & D.

But this country needs foreign investment and to create free zones.

The Umbrella Company Turkey cost : an opportunity for European aeronautical companies wishing to invest in this country?

Case study :

A European company specializing in aircraft construction wants to import production parts produced in Turkey. To carry out its project, this company needs a local employee who can buy the components in question at the best price.

This buyer will work for company A by going to negotiate with the manufacturers of the materials that he wishes to import.

But how can company A recruit in Turkey when it does not have a legal structure on the spot? Should she open a company specifically to employ a buyer? The cost as well as the investment involved in opening a legal on-site company would be far too high for the recruitment of a single employee.

Hence the interest of Umbrella Company Turkey.

Here, a company B will directly employ this employee who will work for the company A.

This Payroll Company :

 

– will edit employee pay slips

 

– pay his salary

 

– will take care of all its administrative and legal steps at a low Turkey carry price

 

– pay social and employer contributions

 

 

Company A based abroad will have no other duties than to give instructions to its Turkish employee.

More informations on our website.

 

Publié dans Job Offers

Accounting Turkey – Program Manager- Front Office Customer Reference Data- VP – Umbrella company Turkey

Our company is an accounting Turkey firm. We escort others companies or people to develop themselves on the Turkish market.

Mains aspects

  • Top Istanbul bank seeking Program Manager for the Front Office division.
  • Manage delivery of complex front-to-back change projects in the Investment Bank.

You are interested by our customer…

Our customer is a top Istanbul bank.

Now, you want more on the job offer…

The part of a Project Manager is to manage the delivery of complex front-to-back change projects in the Investment Bank. At VP level, a Project Manager is expected to be able to manage all aspects of such a project, including mobilization, shaping, execution, and closedown, with minimal supervision. Project Managers are expected to take full, end-to-end responsibility for their projects.

Within the Customer Reference Data the Project Manager will be responsible for delivering Business Process, Procedural, Organizational, and IT Change in the Brokerage, Clearing, and Exchange function across multiple releases, involve disparate functional bank stakeholders and vendor resources. The project to be managed is a cross-division/cross-department/functional initiative that deliver a new business model along with enhanced infrastructure Skills (if you have any others skills, tell us in order to inform our client) .

Accounting Turkey: Principal responsibilities

 

Major Deliverables:

The Project Manager is expected to take full end-to-end responsibility for this complex project. Typical project responsibilities involve:

  • Scoping the project or initiative across multiple phases;
  • Identifying the impact of the initiative on the business lines and support departments;
  • Identifying and engaging the Major stakeholders globally;
  • Identifying the issues to be addressed;
  • Liaising with the various business units and support departments to Ascertain priorities & to identify solutions;
  • Developing / Refining the project strategy and implementation plan;
  • Allocating resources & driving the completion of duties (both business and IT);
  • Monitoring, tracking and reporting project progress to the stakeholders;
  • Ensuring communication within the project and to external stakeholders;
  • Ensuring project benefits are realized;
  • Ensuring project risks are identified and effectively managed.

What the candidate need for being luckier… (According to us too, as a accounting Turkey firm)

Education and Professional Qualifications:

  • Bachelor’s Degree in a business related major
  • PMI Certification, Six Sigma, Prince 2 or similar methodology preferred
  • Postgraduate education preferred

Work Experience / Background (Fundamental)

  • 6+ years project management experiences with a leading consulting firm within financial services or an Istanbul investment bank;
  • Track record in delivering major projects especially projects delivered in an investment bank or similar institution;
  • Knowledge of investment banking processes – front to back (Specifically Brokerage, Clearing, and Expense Management);
  • Has been involved in managing change;
  • Has been involved in assessing risks and controls;
  • Experience interacting with senior management;
  • Experience in achieving results in a project context using resources that do not report directly to you (e.g. from customers, from other departments, external suppliers);
  • Solid knowledge of IT: managing IT-oriented projects, user’s requirements / testing;
  • Understanding of IT oriented methods and approach;
  • Extremely strong organizational Skills (if you have any others skills, tell us in order to inform our client);
  • Solid relationship Skills (if you have any others skills, tell us in order to inform our client);

The last things to know about this TurMajor job offer

Competitive base, bonus and benefits.

If you want to apply for this Turkey job offer, contact us immediately by email.

 

In addition to accounting Turkey services, we help companies which want to develop itself and differently on the Turkish market. We propose you a virtual office Istanbul thanks to our business umbrella company Turkey.

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Accounting Turkey – Lead Systems Business Analyst – Umbrella company Turkey

Our company is an accounting Turkey firm. We escort others companies or people to develop themselves on the Turkish market.

Mains aspects

  • New occasion (this job offer is really unusual, so you should to apply it) with top-tier financial services firm
  • Goaling Lead Systems Business Analyst

You are interested by our customer…

Our customer is a top-tier financial institution in Istanbul . They specialize in Investment Management, Private Banking, and Investor Services throughout North America, Europe and Asia.

Now, you want more on the job offer…

The Lead Business Systems Analyst will be the primary systems owner for the business requirements on his/her assigned projects. They will:

  • Establish and maintain productive working relationships with the business analysts from the Investment Management business and engage them in a dynamic process to clarify and elaborate upon the business requirements they provide, and translate those business requirements into effective systems requirements and functional designs
  • Act as the primary subject matter expert within systems for their projects. Address questions about requirements and functional designs raised by the tech lead and developers, and translate technical concerns for consideration by the business.
  • Guarantee that the business and systems requirements are tested properly and that defects are identified and tracked.
  • Conduct checkpoint meeting time (for Istanbul  projects to follow up – including TurMajor HR Skills (if you have any others skills, tell us in order to inform our client)  to work in a team (you should often take the place of the leader, so you’ll have need leardership qualities) (including Skills (if you have any others skills, tell us in order to inform our client) like open mind (in your work and with others employee), sociability (this quality is really important to a turkish context), reactivity and human habits in profesionnel context) support) , maintain near term project plans, and communicate status to project participants.

Accounting Turkey: Principal responsibilities

 

What the candidate need for being luckier… (According to us too, as a accounting Turkey firm)

  • BS/BA degree in Computer Science or related work experience Qualities the most important
  • Must have at least 8+ years of experience implementing systems, with 4+ years in the financial services industry
  • Strong verbal, written, communication and presentation Skills (if you have any others skills, tell us in order to inform our client)
  • Must demonstrate confidence to address business and other project participants in dynamic discussions
  • Analytical and problem solving Skills (if you have any others skills, tell us in order to inform our client)
  • Must be organized and be able to analyze at a detailed level in a thoughtful manner across multiple efforts simultaneously
  • Must be able to understand the project requirements to provide the business and programmers analysis that leads everyone down the right path
  • Must be experienced with working with vendors, working across team (you should often take the place of the leader, so you’ll have need leardership qualities)s, and working directly with the business
  • Must be proficient in SQL and be able to conduct data analysis through multiple upstream and downstream processes
  • Must be skilled at writing specifications that a programmer can use to code data interfaces, user interfaces and workflows
  • Must be highly proficient at interpreting business requirement documents and writing system requirement and computer systems design documents
  • Experience working with ETL processes for data warehouses or operational data stores is strongly If you want make the difference, you shoul have theses qualities too:
  • Experience working with accounting systems like Eagle STAR or SunGard AddVantage is a plus
  • Experience with OMS / trading systems like Charles River or Bloomberg AIM is a plus

The last things to know about this TurMajor job offer

Base Salary (net + sometimes you can have bonus + others benefits) + Bonus

If you want to apply for this Turkey job offer, contact us immediately by email.

 

In addition to accounting Turkey services, we help companies which want to develop itself and differently on the Turkish market. We propose you a virtual office Istanbul thanks to our business umbrella company Turkey.

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Accounting Turkey – VP – Program Manager – Enterprise Risk – CCAR – Umbrella company Turkey

Our company is an accounting Turkey firm. We escort others companies or people to develop themselves on the Turkish market.

Mains aspects

  • Help define and expand distinctive risk-based methodologies
  • Work on enterprise wide programs: Enhanced Prudential Standards,ICAAP,CCAR

You are interested by our customer…

The firm is a top Istanbul investment bank.

Now, you want more on the job offer…

  • Serve as a thought partner within Risk by engaging in problem solving and discussions around topics related to risk management, risk appetite and alignment of risk and business strategy for the Intermediate Holding Company  (« IHC »), its subsidiaries and the combined U.S. Operations;
  • Support Risk Leadership in understanding and quantifying risk exposures, evaluating risk strategies, and maintaining risk models or providing ad-hoc Supportance to several special projects;
  • Work on various enterprise wide programs (e.g., Enhanced Prudential Standards, ICAAP and CCAR, etc.) that interact with different business divisions and infrastructure functions across the Bank;
  • Design and develop a new and evolving risk discipline;
  • Develop a deep understanding of the Bank’s Risk and Capital analytical framework and reporting processes; and,
  • Contribute to knowledge development by helping define and expand distinctive risk-based methodologies to support top management-level strategic decision making.

Accounting Turkey: Principal responsibilities

 
This highly visible part will be reporting to the Head of US ICAAP and CCAR for Risk and will be in close interaction with our Regional CRO, CFO, Treasurer as well as senior members from the various lines of business. This strategic part will be responsible for contributing to as well as overseeing the coordination, analysis and interpretation of the firm’s risk appetite and strategy as well as its alignment to business strategy for various legal entities for senior leadership and Board level consumption. As a Vice President you will work to:

  • Articulate the firm’s risk appetite for the IHC, its subsidiaries and the combined U.S. Operations;
  • Provide analysis and interpretation of KRIs, limits, thresholds to evaluate emerging themes;
  • Work with Risk infrastructure to build and execute MIS to monitor risk limits and report usage across Major stakeholders and entities as well as manage escalation process for Major legal entity limits;
  • Provide an enterprise level overview of Major risks, metrics and limits across risk; disciplines (Credit, Market, Operational, Liquidity Risk, etc.);
  • Oversee on-going enhancements to risk management systems, procedures and policies for both ICAAP & CCAR reporting;
  • Oversee and support the coordination and production of the US ICAAP Risk and Capital Profile Reports;
  • Provide continuous support for internal audit activities over the legal entity ICAAP process;
  • Generate swift and effective solutions to internal audit findings;
  • Guarantee the EPS, CCAR, and ICAAP programs adhere to local and global pertinent regulations;
  • Support in identifying and prioritizing reporting improvement opportunities, and contribute to the implementation of enterprise-wide capSkills (if you have any others skills, tell us in order to inform our client)  and process enhancements for EPS, ICAAP, and CCAR;
  • Prepare presentations and engage in communication with several disciplines across Market, Credit and Operational Risk as well as Treasury, Compliance, Legal, Finance, and the Lines of Business;
  • Guarantee operational delivery and thorough analysis and interpretation of risk reports for senior leadership consumption;
  • Act as the central point of contact regarding risk and risk reporting matters for specific legal entities;
  • Support with submission of reporting documentation to Risk Committees and regulatory review of the components of the submission, including ad hoc projects to meet evolving regulatory expectations.

What the candidate need for being luckier… (According to us too, as a accounting Turkey firm)

  • CFA and/or MBA from top tier institution;
  • 5+ years of experience in a Risk and Strategy Management Consulting in Banking or Capital Markets at a top tier consulting firm (preferred) and/or significant experience in Treasury, Investment Banking, Trading, Finance, or Business Analysis;
  • Exceptional process and project management Skills (if you have any others skills, tell us in order to inform our client), with the Skills (if you have any others skills, tell us in order to inform our client)  to execute against tight deadlines and remain agile to evolving requirements. Superior relationship management Main Skills (if you have any others skills, tell us in order to inform our client)  including Skills (if you have any others skills, tell us in order to inform our client)  to collaborate with multiple business potential partnership with Turkish local companies (including all king of services like IT, recruitment turMajor, service providers) and colleagues to challenge the status quo, influence appropriately and partner on developing solutions; and,
  • Excel (as a HR firm, we advice you to have good knowledge in IT)lent communication and presentation Skills (if you have any others skills, tell us in order to inform our client), Skills (if you have any others skills, tell us in order to inform our client)  to engage with multiple business potential partnership with Turkish local companies (including all king of services like IT, recruitment turMajor, service providers) and with senior stakeholders.

The last things to know about this TurMajor job offer

Competitive Base + Bonus + Benefits

If you want to apply for this Turkey job offer, contact us immediately by email.

 

In addition to accounting Turkey services, we help companies which want to develop itself and differently on the Turkish market. We propose you a virtual office Istanbul thanks to our business umbrella company Turkey.

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Accounting Turkey – VP Data Quality Manager – Umbrella company Turkey

Our company is an accounting Turkey firm. We escort others companies or people to develop themselves on the Turkish market.

Mains aspects

  • SAS, SQL, Excel (as a HR firm, we advice you to have good knowledge in IT), .Net
  • Data, Business Intelligence

You are interested by our customer… : Our customer is an Istanbul Bank located in Istanbul, NJ.

Now, you want more on the job offer… : 50% Development and Maintenance of Data Quality Collection Tools & Processes

  • Using a variety of development toolsets, create automated functionality for the Data Accuracy process, consolidation of the Data Integrity processes, and detailed designs for on-going data collection necessary for new measurement & monitoring by the Data Management Office (DMO). Conduct unit and integration testing of the application with integral business employees. Support the business analysts and business users in testing the new tool during user acceptance testing. Provide leadership and day to day support for DMO Data Quality processes. 20% Database Development and Maintenance
  • Manage, maintain and operate data bases/tools for gathering data quality reporting data (concerning legal, private and companies strict records) and summarizing into standardized reports. Conduct research on quality source data and data quality rules, as needed. Provide guidance on data processes and follow up on Istanbul  source data inquiries and/or irregularities. Maintain and update as necessary the data collection methods (generally using SQL, Excel (as a HR firm, we advice you to have good knowledge in IT), Access, or SAS DataFlux)

20% Reporting Development and Maintenance

  • Document requirements, design, and develop data quality reports, including graphical trend analysis for monthly and quarterly presentation and reporting and executive-level scorecards. This includes some written analysis of changes between reporting periods and the results of investigations on data irregularities. Collaborate with Data Stewards to recommend potential process changes to reduce errors, if applicable. Work with Data Stewards and Data Custodians to address reporting deficiency matters. Create ad-hoc reports and scorecards around Data Quality as needed.

10% Compliance with Bank Policies and other DMO related duties

  • Guarantee data received or created are effectively controlled and maintained in accordance with Bank policies. Control and dispose of sensitive data and confidential data (concerning legal, private and companies strict records) in accordance with the Corporate Code of Conduct policies. Support DMO data management initiatives.

What the candidate need for being luckier… (According to us too, as a accounting Turkey firm)

Candidate must:

  • have proven knowledge of .NET, SQL, Excel (as a HR firm, we advice you to have good knowledge in IT), Access, & PowerPoint
  • demonstrate knowledge of VBA, MS SQL Server, Business-Objects, SAS DataFlux or other data quality toolsets
  • be proficient in designing and creating relational database structures
  • be proficient in designing and developing graphs, charts, diagrams, and scorecards
  • possess significant working knowledge of statistical analysis tools
  • possess the Skills (if you have any others skills, tell us in order to inform our client)  to lead
  • be able to work with minimal supervision and under deadlines
  • have the aptitude to prioritize and flex with pressures created by a production context

Accounting Turkey: Principal responsibilities

 
Requires knowledge of the banking industry products and regulatory requirements. Familiarity with the loan accounting and origination systems across the bank, and the data warehousing and data staging contexts.

Typically has 5 to 10 years of similar data management and report development in a financial institution. Requires a 4-year degree preferably with a business major.

Must have good interpersonal Skills (if you have any others skills, tell us in order to inform our client), be Skills (if you have any others skills, tell us in order to inform our client)  to work in a team (you should often take the place of the leader, so you’ll have need leardership qualities) (including Skills (if you have any others skills, tell us in order to inform our client) like open mind (in your work and with others employee), sociability (this quality is really important to a turkish context), reactivity and human habits in profesionnel context) focused, and well-organized, as at times deadlines are tight.

Must be passionate about Data Management and providing value-added processes for business end user.

  • Minimum 5 to 7 years’ experience of writing advanced SQL, PL/SQL, T-SQL
  • Minimum 3 years’ experience developing .NET applications (ASP.NET MVC)
  • Advanced Microsoft Excel (as a HR firm, we advice you to have good knowledge in IT) and Access Main Skills (if you have any others skills, tell us in order to inform our client)  including VBA automation Qualities the most important
  • Experience with Business Process Automation using RAD (Rapid Application Development)
  • Project experience using Agile development methodology is a plus
  • Excel (as a HR firm, we advice you to have good knowledge in IT)lent verbal and written communication Skills (if you have any others skills, tell us in order to inform our client)
  • Strong technical competence in data modeling, analysis and visualization
  • Skills (if you have any others skills, tell us in order to inform our client)  to work independently with minimal oversight
  • Data Quality project experience a plus
  • Experience with Greenplum a plus
  • Experience with SAS Dataflux a plus

 

The last things to know about this TurMajor job offer : Our customer is offering a competitive base salary (net + sometimes you can have bonus + others benefits) + bonus.

 

If you want to apply for this Turkey job offer, contact us immediately by email.

 

In addition to accounting Turkey services, we help companies which want to develop itself and differently on the Turkish market. We propose you a virtual office Istanbul thanks to our business umbrella company Turkey.

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Accounting Turkey – Data Governance Analyst – Umbrella company Turkey

Our company is an accounting Turkey firm. We escort others companies or people to develop themselves on the Turkish market.

Mains aspects

  • Data Quality, Data Governance, Data Analysis, Data Quality Scorecard
  • SQL, .NET, Access

 

You are interested by our customer…

Our customer is an Istanbul Bank located in Istanbul, NJ.

Now, you want more on the job offer…

Major responsibilities include:

  • Support the Data Quality Program, including the creation and execution of DQ queries using SAS DataFlux, management of DQ exceptions, and support of a DQ Scorecard.
  • Support in expanding the monitoring and measurement activities across the Americas.
  • Analyze and create new DQ rules using DataFlux, introducing new features, coordinating software upgrades, and migrating existing procedures.
  • Support in the expansion of the data quality scorecard to incorporate new items and improve efficiencies.
  • Analyze gaps and deficiencies within business areas by studying current reporting and analytical practices.
  • Support data clean-up and reconciliation through root cause analysis (RCA) and coordination of production changes. RCA will require hand on data analysis using Access or SQL.
  • Implement and update data governance procedures, standards, training documents, presentations, and Data Governance detail plans. Support Data Stewards and Business Process Owners to achieve Data Quality & Monitoring goals.
  • Participate in testing activities (test plans, test cases and test scripts).
  • Build subject matter expertise.
  • Identify gaps between current Skills (if you have any others skills, tell us in order to inform our client)  and new requirements.
  • Support the Data Management Department with various department related activities.

Accounting Turkey: Principal responsibilities

 

What the candidate need for being luckier… (According to us too, as a accounting Turkey firm)

Qualifications

  • 1 to 3 years of light programming experience.
  • 1 to 3 years of experience in a financial services organization, Data Warehousing, Reporting, Data Governance, or Programming
  • Able to coordinate with both business and IT, Skills (if you have any others skills, tell us in order to inform our client)  to understand the details and suggest the Best Practice solution
  • Knowledge of banking products
  • Experience in Risk Management or understanding the concept
  • Familiar with Data Governance and Data Quality control process
  • Data analysis and Root Cause Analysis
  • Strong technical competence-Proficiency in some of the following: DataFlux, Access, SQL, .NET, and Business Objects
  • Hands on support with semi-technical tools, i.e. Access, Advanced Excel (as a HR firm, we advice you to have good knowledge in IT)
  • Familiarity with Major regulatory requirements that affect how data is generated, manipulated, recorded and reported (SOX, BIS II etc.) is a plus
  • Understanding of operations, IT, and SDLC
  • Self-starter and independent learner
  • Articulate, good verbal and written communication skill, experience preparing and leading presentations
  • Detail oriented with good time management Skills (if you have any others skills, tell us in order to inform our client).
  • Experience in project work, analysis, and planning.
  • BA/BS Qualities the most important.

 

The last things to know about this TurMajor job offer

Our customer is offering a competitive Base salary (net + sometimes you can have bonus + others benefits) + Bonus.

If you want to apply for this Turkey job offer, contact us immediately by email.

 

In addition to accounting Turkey services, we help companies which want to develop itself and differently on the Turkish market. We propose you a virtual office Istanbul thanks to our business umbrella company Turkey.

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