Title- Financial Control

Level- AVP grade

Client- Leading name in financial industry (This is a full time role based at client side)

About Financial Control
The primary function of Financial Control is to ensure that company fulfills its external financial and regulatory reporting requirements, including statutory financial statements and regulatory filings. This includes ensuring that all procedures/processes are completed for timely and accurate reporting of the financial statements to local regulators.  Our team is mainly responsible for preparation and filing of regulatory returns related to finance domain. Also contributing to the financial reporting, liquidity monitoring and tax compliance for Hong Kong entities.

­­­­­­­­­­­­­­­­­­Overall purpose of role

Our client requires an Analyst to fulfil the role of Legal Entity Controller support for Hong Kong Legal Entities

Key Accountabilities

As a member of the Financial Control team, you are expected to assist with a number of processes and provide client support including: 

• Regulatory reporting:
  • Responsible for preparation of the regulatory reports to the Hong Kong Monetary Authority and the Hong Kong Securities and Futures Commission, and develop measures to ensure completeness and accuracy of these reports
  • Perform HKMA Liquidity Maintenance Ratio. Any material variances are fully explained, and breach is reported and escalated on a timely manner
  • Implement controls over the financial reporting and regulatory reporting to comply with the company's group risk management framework 
• Financial reporting:
  • Participate in internal and external audit and tax reporting to local authority
  • Review of the month-end closing and assist in Group financial reporting
• Business and Finance Projects
• Assist on businesses and finance initiatives and projects
• Take part in UAT and testing for projects related to system migration and upgrade

Essential Skills/Basic Qualifications:

Person Specification

Personal attributes essential to performing role including competencies, expertise, knowledge, and experience.  Note: experience requirements must not be in the form of years (minimum or otherwise).

Candidate should be equipped with the following background:

• University Degree or Equivalent.
• A good understanding of investment banking products and services.

Desirable skills/Preferred Qualifications:

• Previous investment banking experience in a Finance related role.
• Knowledge in the HKMA and SFC regulatory reporting requirements preferred.
• Professional accountancy qualification (e.g. ACA, ACCA, CIMA, AICPA) preferred.
• Strong control awareness. Must be proactive and assertive in driving control improvement for their area.
• Excellent interpersonal, written and verbal communication skills. 
• Ability to take initiative and streamline processes within the team and within the firm.
• Ability to interface with different business units and stakeholders.

Additional notes on the Requirements:

• Attainment of Professional Accountancy certificates is advantageous 
• Main tasks includes monthly/daily/weekly reporting 
• Ideal candidate would display some of the following soft skills: Detail oriented, analytical, investigative to pick out abnormalities, posses strong financial control mindset 
• IT skills set outside of excel and data analytics tools would be an advantage such as python, C+  etc to help streamline the process 
• Candidate with past experience in Foreign banks of a similar size in Hong Kong would be an advantage 
• Min 4-5 years of Financial Control experience in banking/Financial industry would be preferred
• Chinese Language proficiency is a must (given the project will require this capability)

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