Assistant General Manager & Team Head, Business Finance (Wholesale Banking Group)

Mandatory Reference Checking Scheme (“MRC”) for Hong Kong

The Mandatory Reference Checking Scheme is a framework to facilitate Authorized Institutions (“AIs”) to bilaterally obtain reference information during their recruitment process for certain positions, such that misconduct information in an individual’s previous employments can be provided to AIs to inform their employment decisions.

For information related to MRC Scheme, “Frequently Asked Questions for In Scope Individuals” is published by HKAB/Industry Guidelines (https://www.hkab.org.hk/en/home) or further information will be available upon request, if it is applicable to the position(s) applied.

Country of Location:

China Hong Kong

Job Responsibilities:

Financial Performance Monitoring and Control

• Monitor and review Wholesale Banking Group’s (“WBG”) overall business and financial performance, and issue alerts and recommendations where necessary, to support WBG teams in achieving performance in line with strategies, targets and budgets.

• Manage asset and liability growth aligning with the Bank’s directives.

• Ensure accuracy of financial figures in systems and all reporting of WBG’s performance. Liaise with business, finance and operations teams for prompt rectifications of any errors.

• Ensure accounting in compliance with requirements of regulatory authorities and auditors; advise accounting treatments of income if necessary

Business Information Management and Analysis

• Identify, interpret and apply key performance indicators, and coach business managers in using these indicators for competitive advantage in order to enhance value to the Bank.

• Supervise the team to provide analysis of business and management information and related support to WBG and working counterparts in the Bank.

• Provide business advice on any growth opportunities, pricing of products and regulatory and auditing rules/policies, and make recommendations for supporting sustainable growth and development of WBG’s business.

• Participate in preparation of medium to long-term development plan for 3 to 5 years in order to support WBG to realize the strategic target

• Monitor changes of WBG’s balance sheet structure, analyze risks and impacts on P/L.

Budget Exercise

• Responsible for budgeting exercise, managing monthly forecast and monitoring of actual results vs forecasts and budgets.

• Ensure effectiveness and efficiency of budgeting mechanisms at all times.  Establish structure to support setting of RM-level budgets and ongoing tracking on Actual results vs. Budget, and enable solid and shadow accounting Manage WBG’s expenses within budget

Liaison with FMG and other counterparties

• Provide comments and liaise with Financial Management Group (“FMG”) and/or Central Treasury Unit (“CTU”) on fund transfer pricing structure, management of WBG’s liquidity (including liability costs), financial reporting and all matters related to the financial management of WBG.

Others

• Manage any special projects or duties assigned by supervisor.

• Implement and comply with anti-money laundering policies and relevant procedures.

• Provide management oversight and develop/maintain a strong compliance culture regarding regulatory and compliance matters as well as anti-money laundering / counter terrorist financing control activities.

Requirements:

1. Education Qualification

• Degree holder in Finance / Statistics / Accounting or related technical disciplines

2. Working Experiences

• Minimum 12 years of Business Intelligence, Finance or Accounting experience in Banking or related industry, preferrable in corporate banking

3. Professional Qualification / HKMA Enhanced Competency Framework Qualification / Professional Examination / License

• CPA qualification or equivalent preferred

4. Business Knowledge

• Good knowledge in banking products, in particular assets and liabilities products

• Understand industry and market developments relating to corporate banking

• Proficient in financial, business and management information analysis and reporting tools and models

• Familiarize with accounting and regulatory policies/rules on financial reporting

• Good analytical, interpersonal and communications skills.

• Good command of written and spoken English and Chinese (including Putonghua)