This is a Singapore based role with responsibilities to represent Business Finance team for Private Banking Business to deliver & embed into BAU capability to provide a materially accurate balance-sheet, at both the Group & Material Level Entity level at any point of time. This is to meet Regulatory requirements for Recovery & Resolution.

Business Finance sits within Product Control. Business Finance Officers (BFO) are responsible for ensuring complete, accurate and timely P&L and Balance Sheets by reconciling daily Front Office produced US GAAP P&L to the Firm’s Books & Records and executing on the Daily, Monthly and Quarterly analytical aspects of Product Control's primary role as the financial guardians of the Bank's sales and trading activities. BFO provide six core Product Control services:

1) Front office P&L reconciliation to Books & Records
2) Act as the primary Front-To-Back PC relationship managers
3) Perform analytical reviews of the Trading P&L and Balance Sheets
4) Valuation Governance and Accounting Consultation
5) Perform analytical reviews of New Business P&L and trade bookings

BFO need to understand significant P&L items including: Production Issues, Red Flags, Significant & Aged Adjustments, Exceptions breaching pre-determined thresholds, Unauthorized Trading and Cancel and Correct Escalation.

BFO need to understand the handoff processes received from Valuation Risk Control (VRC) to ensure independent price verification and other valuation matters are taken into consideration

Specific to this role:

  • To understand the month-end tasks of BFO so that he/she can outline BFO business requirements on implementing intra month balance sheet for APAC PB Business
  • Working closely with Program and different BFO leads to design and implement implementing intra month balance sheet for APAC PB Business

Essentials Skills and Qualifications:

  • Min Degree holder
  • Work experience of 10+ years in Financial industry
  • In-depth exposure in Balance Sheet processes and project related exposure preferred
  • Good understanding of financial products and core Product Control processes
  • Must be highly attentive to risk and the importance of a strong control environment and show a high attention to detail in all aspects of their work
  • Require highly developed analytic, interpersonal and communication skills to enable them to develop relationships with their key clients and to understand and address their issues

Salary: $13,400 Per Month