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Vice President, Regulatory Reporting, Global Financial Control
Bank Of America / Merrill Lynch
August 2, 2018
About Bank of America Merrill Lynch:
Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.
Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.
Bank of America Merrill Lynch is an equal opportunities employer.
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.
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.
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.
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.
Posting Date: 01/08/2018 Location: 51 KWAI CHEONG ROAD - KOWLOON COMMERCE CENTER TOWER 2 - Hong Kong