Financial & Regulatory Control Associate recruitment
The main function of the role is to improve the quality, accuracy and timeliness of the numbers being reported to Head Office.
Key responsibilities:
- Preparation of monthly IFRS financial statements for the Bank branches and subsidiaries within the Asia Pacific region, including more detailed disclosure to Group quarterly, semi-annually and annually.
- Understanding products reported within the entity and ensuring compliance of disclosures and accounting treatments with IFRS and other Group reporting requirements.
- Preparation of GAAP adjustments, SEC, BOE reports and any Head Office regulatory reporting.
- Review of new trades and products that are introduced/booked into these entities – identifying the basis of the trades and with the assistance of our regulatory policy team identify the correct regulatory treatment.
- Understanding and explaining to management significant movements in the entity’s balance sheet, in terms of changes in the business as well as movements in the market in general.
- Working closely with the Central Statutory Review team to ensure all HO reporting requirements are met in a timely manner.
- Preparation and review of the monthly balance sheet reporting pack for the entities and manage the monthly sign off procedure for IFRS balance sheets.
- Collaborate with Product Control, Front Office, Operations, IT and other areas of Financial Control (eg. Statutory Reporting) both in the region and UK to ensure that changes in the business are clearly understood by all parties and issues are resolved in a timely manner.
- Review of current processes and controls with the aim of streamlining them by leveraging off recent and future IT developments.
- Constantly self assess tasks performed to improve controls and identify efficiency.
- Introducing process improvements and controls around the reporting processes
- Ad hoc projects such as reporting and process reviews and system testing.
- Dealing with ad hoc queries from management, the auditors and other interested parties.
- Provide cover for team members during holiday and sickness.
Qualifications /Education:
- Qualified Accountant (ACA or ACA equivalent)
- Strong academic background (first time pass)
Experience required:
- Two to five years post qualification experience
- Background in Finance / Investment banking, through either direct employment or through Big 4 Auditing / Consultancy exposure
- Strong control awareness, including an understanding of the key controls required in an investment bank.
- Good Excel skills
- Good working knowledge of IFRS, in particular on financial instruments
- Experience of product or financial control processes in the investment banking industry.
Personal Attributes:
- Enthusiastic, motivated, self-starter, team player.
- Strong interpersonal skills and the ability to communicate at all levels.
- Desire to provide top quality service to internal clients.
- Willingness and ability to take ownership of issues and manage through to a successful resolution.
- The initiative to challenge current processes and develop effective alternate solutions.
- A confident and articulate nature.
- Keen analytical skills and attention to detail
- The ability to work in a pressured environment and cope with the demands of working to tight deadlines.
- Willing not only to embrace change but to actively look for improvements in current work practices
If you would like to apply for this role please send your CV in Word format to Shalynn Ler at shalynn.ler@hays.com.sg.
July 7, 2012
• Tags: Accounting & Finance careers in the Singapore, Financial & Regulatory Control Associate recruitment • Posted in: Financial