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Lead, Financial Reporting and Control - Mox - (2200026367)

Standard Chartered Bank (Hong Kong) Ltd

  • Company Industries:Financial Services

Job Information

  • Post Date:2022-10-19
  • Career Level:Senior
  • Location:Not Specified
  • Yr(s) of Exp:8 years
  • Qualification:Degree
  • Employment Type:Full Time, Permanent
  • Job Function:Accounting  Financial Controller  Others  Banking / Finance  Financial Services

Job Description

About Mox

Mox is built by and for the ones who aspire to live life to the fullest – we call them Generation Mox!

The name Mox reflects the endless opportunities we can create, - Mobile eXperience; Money eXperience; Money X (multiplier), eXponential growth, eXploration… it’s all up for us to define together.  

Why Mox

Mox helps you grow – your money, your world, your possibilities.  We equip you with the financial management tools, information and insights you need to make your dreams, big or small, come true. 

Everything at Mox – from our products, features, to rewards – is designed based on customer research, tailor made for your needs.   We care about what customers care about, especially in data security and privacy.  Data ethics is core to everyone here at Mox.  

Mox rewards you with an array of banking and lifestyle benefits.  Who says banking can’t be fun? 

Who are we looking for 

As the Lead for Financial Reporting and Control, you will be the key trusted advisor to the business and act as gatekeeper on finance matters. Reporting to Head of Financial Control, you are responsible for the end-to-end ownership of the financial accounting, reporting and controls matters.

Responsibilities

Financial Reporting

  • This covers the full spectrum activities, including delivery of and management of – routine BAU (including for, monthly book close, group reporting, local statutory reporting),  ensure compliance with applicable requirements of HKFRS/IFRS and Banking Disclosure Rule.
  • Lead implementation of new / changes in financial reporting requirements and process enhancements and automation initiatives
  • The candidate should be a subject matter expert in financial reporting and disclosure in order to lead and drive the related reporting process with the help of his / her peers in the team and the offshore support team – e.g., IFRS 9 classification and measurement and expected credit losses, IFRS 15 revenue contract with customers, share-based payments, lease accounting, intangible software asset, etc..
  • Kept abreast of latest development in HKFRS/IFRS, manage new or changes in financial reporting requirements – leading the gap,  reviewing / providing feedback in consultation papers, coordinating the execution steps in implementing the changes.
  • Be key liaison person interacting with stakeholders within and outside Finance to provide advice and articulation of financial reporting requirements, including that of new product development process, internal and external audits.

Financial Control

  • Lead the balance sheet substantiation, be key advisor and ensure compliance with related policies, such as timely resolution and escalation of reconciliation breaks, aged suspense items.
  • Be key advisor in ensure sufficient and timely accruals and provision of expenses.
  • Provide support to business and stakeholders in timely follow up on other receivables and payables.
  • Provide support to treasury function in independent price testing on treasury products.
  • Manage operational risk of the Finance function through all applicable policies and by supporting CFO and Head of Financial Control.

Requirements

  • Qualified accountant with minimum of 8 years’ experience in banks, or Big 4 banking audits
  • Hands-on knowledge in IFRS 9, banking systems / processes and banking products
  • Ability to work in an organized way, multi-tasking, prioritizing, managing data to meet tight deadlines
  • Possess a change mind-set to implement any process-reengineering which could help to improve work efficiency and better control environment
  • Strong analytical skills and data skills, attention to detail
  • Open minded, strong communication and interpersonal skills, able to convey complex messages quickly and succinctly to stakeholders with confidence
  • Demonstrate understanding of how Fintech operated differently from traditional financial organization

Company Info

The world's best international bank, leading the way in Asia, Africa and the Middle East Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100. The London-headquartered Group has operated for over 150 years in some of the world's most dynamic markets. Its income and profits have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.

Standard Chartered aspires to be the best international bank for its customers across its markets. The Bank derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has around 1,750 branches and outlets located in over 70 countries.

The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities. Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs 75,000 people, nearly half of who are women. The Group's employees are of 115 nationalities, of which 60 are represented among senior management.

Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation. Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage.

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