Finance / Controlling / Tax

Our departments

Finance

Group Finance prepares monthly, quarterly and annual financial statements, controls the planning and budgeting processes, evaluates the financial, asset and earnings situation of the Bank, and delivers balance-sheet-based regulatory reporting and the derived key figures.

The Financial Instruments Cluster ensures the correct balance sheet presentation and processing of all bank and trade products and the further technical development of IT applications for internal control and external financial reporting

The Cost Processing and Transactions Cluster makes available the standard reporting for the control of the Group costs, processes the accounts payable and makes available the system landscape for CFO use.

The Regulatory Operations, Advisory and Data Cluster is responsible for the regulatory reporting, the further development and control as well as the implementation of new requirements and the maintenance of the reporting infrastructure.

Steering – Strategic Planning and Group Performance prepares strategic and multi-year plans, coordinates stress tests and recovery/resolution plans, is responsible for performance dialogues and profitability analyses, ensures uniform reporting standards and informs relevant stakeholders about the financial data.

Steering – Costs bundles all relevant control topics for the achievement of the Group cost objectives, provides transparency about Group costs, supports strategic measures and investments and is the contact for management with regard to cost control and personnel costs.

Steering – Financial Resources controls financial resources, capital, liquidity, RWA and balance sheet and supports Treasury as a business partner.

Financial Reporting is responsible for external financial reporting, sets internal standards, prepares financial statements, is the contact for auditors and oversees Group projects as well as sustainability and accounting requirements.

International Finance is responsible for the financial reporting of the international locations (except for North America) of the Commerzbank, including accounting, controlling, reporting and control topics and coordinates relevant projects from planning to the go live.

Divisional CFO Corporate Clients and Divisional CFO PSBC are the initial contact for all financial topics of the corporate and pivate client segments, bundles earnings, costs, capital and KPIs, derives steering impulses and ensures transparency.

Business Compliance and Development is the partner, driving force and challenger for cross-disciplinary topics in Group Finance, acts as the interface to other units, promotes stability and further development and works closely with the CFO units.

Tax

Group Tax advises the Board of Directors and the business divisions on all tax issues, is responsible for the fulfilment of national and international tax legal obligations and manages tax risks. We set binding standards for the fulfilment of tax legal obligations, monitor their compliance and develop further the tax control environment, taking into account the trends and the internal and external challenges.

Tax Compliance Management is responsible for the development, implementation and improvement of the tax compliance management system. It sets standards for all Group units and foreign branch offices to ensure tax compliance and organise security measures. It ensures communication with senior management, coordination of audits, compliance screening and the monitoring of deadlines in the taxation area.

International Taxation advises and analyses Group-internal cross-border matters, sets guidelines for transfer prices, assesses international tax issues, supports Western European branch offices and foreign representative offices for tax purposes. Furthermore, it supports foreign entities during company audits and sets professional standards for international tax regimes

Tax Counsel advises on Group transactions, product approvals, wage tax obligations and checks business transactions and transactions. In addition, it is responsible for the required value-added tax declarations and advises the segments on value-added tax issues.

Tax Processing is responsible for the earnings tax declarations and tax calculations including country-by-country reporting by the Bank. Furthermore, it sets the standards for the capital gains tax processing and provides support during company tax audits.