- Excellent opportunity to work in a large and rapidly growing global industry|Be part in a positive culture and environment
About Our Client
Our client is a prominent global financial services organisation, providing a broad range of banking, wealth management, and insurance solutions to individuals, businesses, and institutions. With a strong market presence across North America and growing international operations, they are committed to delivering innovative, customer-focused financial services while maintaining high standards of integrity and sustainability. The organisation offers a collaborative and inclusive work environment, with ample opportunities for career growth, leadership development, and contributing to impactful financial solutions.
Job Description- Change Management & Impact Analysis:
- Lead the analysis of regulatory ratios and reporting requirements impacted by business changes and new initiatives.
- Provide detailed impact assessments for various business scenarios and ensure accounting and reporting processes are adapted accordingly.
- Drive change management for regulatory and financial reporting processes, supporting new business initiatives.
- Contribute to functional specifications and participate in user acceptance testing (UAT) for finance-related projects and system enhancements.
- Compliance & Regulatory Reporting:
- Assist in ensuring compliance with Hong Kong's regulatory requirements, specifically in preparing and submitting regulatory returns to the Hong Kong Monetary Authority (HKMA) and the Securities & Futures Commission (SFC).
- Monitor daily internal regulatory limits and ensure timely reporting and compliance with internal controls.
- Maintain strong professional relationships with regulatory bodies, addressing queries and requests as needed.
- Interpret new regulatory rules and assess their impact on the business, reporting authorities, and financial statements.
- Financial and Regulatory Reporting Support:
- Support the regulatory reporting function to ensure statutory compliance with local regulations and internal controls.
- Conduct risk assessments related to new business initiatives and their impact on regulatory reporting.
- Drive the implementation of automated solutions for regulatory reporting, enhancing efficiency and accuracy in reporting tools.
- Collaborate with project teams to provide input on user requirements, functional specifications, and system enhancements to improve regulatory reporting processes.
- Stakeholder Management & Business Partnerships:
- Develop strong relationships with key stakeholders across Hong Kong's finance functions, including Capital Markets (CM), Investment Services (IS HK), and Wealth Management (WM).
- Provide enhanced management information and analytics to assist business leaders in making informed decisions that align with strategic financial objectives.
- Provide value-added input on business initiatives and project approval requests, with a particular focus on capital impacts and regulatory considerations.
- Team Leadership & Support:
- Assist the team lead in supervising, training, and providing support to the regulatory and accounting team to ensure accurate financial reporting and compliance with regulatory standards.
- Foster a collaborative and supportive team environment, ensuring knowledge sharing and continuous development of team members.
The Successful Applicant
- Degree in Commerce, Business, or a related discipline.
- Minimum of 6+ years of experience in a financial institution or with a Big 4 accounting firm.
- At least 2 years of hands-on experience with HKMA Returns for Capital Markets Businesses.
- Experience working within a Capital Markets division or Bank Finance Department.
- Familiarity with HKMA and SFC Returns reporting, with practical knowledge of regulatory compliance and reporting requirements in Hong Kong.
What's on Offer
- Contract: 1 Year
- Be part of a high-performance team where you'll contribute to regulatory compliance and financial reporting for a reputable financial institution.
- Gain exposure to capital markets, HKMA and SFC returns reporting, and strategic initiatives that directly impact the business.
Contact: Ariff Kamri
Quote job ref: JN-112024-6588088
