VP, Regulatory Reporting

  • Competitive
  • Hong Kong Hong Kong Hong Kong HK
  • Festanstellung, Vollzeit
  • Morgan McKinley Hong Kong
  • 22 Sep 18 2018-09-22

VP, Regulatory Reporting

Our client, a global investment bank is looking for a VP for the regulatory reporting team.

Position Description

The candidate is required to review and supervise regulatory reporting for banking entities. This role would require:

  • Ability to review banking returns to ensure compliance with HKMA reporting requirements;
  • Support regulatory reporting automation and process improvements;
  • Participate in new system implementation and projects;
  • Participate in ad-hoc reporting, new system implementation and projects;
  • Participate in new product launch including various derivatives and structured products, etc.

Key Responsibilities
  • Ensure new requirements are appropriately understood, interpreted and implemented;
  • Review banking returns to ensure compliance with HKMA reporting requirements;
  • Oversea and ensure efficient progress made in automation project;
  • Ability to think independently and enhance control and efficiency improvements in process flows within Finance;
  • Enhance control and efficiency in process flows;
  • Participate in new product reviews to ensure appropriate inclusion in accounting and reporting while being proactive to identify impact to key ratios and regulatory reporting;
  • Act as financial and business advisors to business management;
  • Liaise with regulators, auditors, business units and support groups to handle any issues, etc.

Key Requirements

Product Knowledge:
  • Qualified accountant or equivalent professional qualification;
  • At least 12-15 years' experience in financial institutions / big 4 audit firms, with significant time in regulatory reporting;
  • Practical working knowledge of HKMA banking regulations, including completion instructions of regulatory reporting is required, viz., Asset and Liabilities, Capital Adequacy, Loans and Advances, Liquidity Monitoring Tools, Liquidity Maintenance Ratio, International Banking Statistics, Mainland Activities, Large Exposure, Interim Financial disclosures, etc.
  • Knowledge of banking and fixed income related products, viz., loans, deposits, bonds, currency and interest rate derivatives, incl. complex derivatives and structured products;
  • System/project implementation experience;
  • HKMA reporting experience is an essential (Basel regulations experience preferred);
  • Knowledge of preparing stress testing results and Internal Capital Adequacy Assessment Process (ICAAP) preferred.

Personality Traits:
  • Excellent analytical, interpersonal and communication skills;
  • Ability to identify areas of improvement / bringing efficiency and working with the team on them;
  • Good communication and interpersonal skills;
  • Good time management skills, with the ability to manage multiple tasks and deliverables;
  • Ability to lead a team and work under pressure;
  • Mindset of continuous improvement to develop and progress;
  • Ability to work effectively individually to meet deadlines;
  • Attention to detail - "flawless at the basics";
  • Good knowledge of MS-Excel skills, etc.