Senior Officer(Regulatory Reporting), Financial Management Senior Officer(Regulatory Reporting), Financial  …

Bank of China
in Singapore
Permanent, Full time
Last application, 26 Oct 20
Competitive
Bank of China
in Singapore
Permanent, Full time
Last application, 26 Oct 20
Competitive
You will be one of the pioneer members to join the Bank's Financial Management Department, focusing on MAS projects, MAS reporting, review analytical analysis of regulatoryreports, etc. Ideally, you are a Degree holder with at least 5 years relevant experience, preferably with working experience in banking and financial services industry, experience in working with accounting and regulatory reporting.

Responsibilities:

  • Responsible for the daily smooth running of regulatory reporting section to ensure compliance with the Banking Act, MAS regulations and internal policies and procedures.
  • Review daily MAS regulatory reports (e.g.: AMR, MCB, ACU Limit, Liquidity Coverage Ratio, and etc.) to monitor branch compliance to MAS Notices/requirement.
  • Investigate and report to Management on irregularities/potential compliance ratio breach and Co-ordinate with Business/Treasury department to resolve relevant issues in accordance with internal policies and procedures.
  • Review all regulatory report prepared by subordinate (e.g.: MAS610, MAS649, Survey of Services and etc.) for submission to MAS and Singapore Statistics Board. Ensure the accurate and quality of the reports, suggest/implement enhancement within process for improvement and efficiency purpose.
  • Review and understand MAS’s regulation on definitions and context of the reports to ensure definitions and context are met within reports.
  • Ensure all reports are submitted within required time frame.
  • Liaise with business department/officers-in-charge on reporting/data quality issues provide suggestions continuous system/process enhancement and additional internal control to improve data quality.
  • Liaise with other departments in providing regulatory compliance related information and guidance to meet the desired purpose.
  • Review analytical analysis of regulatory reports.
  • Interpret/analyze impact on new/revised MAS notices or regulation.
  • Handling ad hoc/regulatory reports queries from MAS.
  • Liaise with internal/external auditors. Prepare the branch's statutory annual report and review relevant supporting documents/reconciliation information provided to external auditors.
  • Review/update regulatory reporting team's compliance matrix and internal procedures manual.
  • Assist to plan, develop and implement accounting process under International Accounting Standard, Head Office Accounting Guidelines, statutory requirement, Internal Accounting Polices and Work Procedures.
  • Carry out various ad hoc projects and request from MAS, Head Office, Management and other departments.

Requirements:

  • A recognized University Degree, preferably in, Accounting, Finance, Analytics, Statistics, Mathematics, IT or programing related fields.
  • More than 5 years relevant experience, preferably with working experience in banking and financial services industry, experience in working with accounting and regulatory reporting.
  • Self-driven, a team player, good coordination and IT skills are preferred.
  • Possess good communication and interpersonal skills, strong analytical and problem solving skill, proficiency in the use of MS Excel/Word/PowerPoint /Access.
  • Proficiency in Chinese would be an added advantage as incumbent is required to understand Chinese documents from Head Office

(Only shortlisted candidates will be notified)

 

 

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