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Job

Business and Finance Control

  • Location

    Hong Kong

  • Sector:

    Audit & Finance

  • Job type:

    Permanent

  • Salary:

    HKD1,200,000

  • Contact:

    Joyce Wang

  • Contact email:

    J.wang@hamlynwilliams.com

  • Salary high:

    0

  • Salary low:

    0

  • Published:

    4 months ago

  • Expiry date:

    2019-08-23

The APAC FICC team carries out the Business Finance and Control function in support of the regional LOB trading businesses primarily in emerging markets, credit & special situations, and rates.

 

Responsibilities:

  • P&L review, analysis, commentary, reporting and oversight
  • New transaction review and substantiation as part of the due diligence process
  • Front to back reconciliation and control 
  • Independent price verification
  • Valuation adjustment and reserve calculations
  • Management reporting (revenue and expense analysis)
  • Ad hoc and value-added business support
  • Month-end book close
  • Balance sheet control 
  • Financial disclosure reporting
  • Management of scarce resources
  • Actively encouraged to develop close working relationships with the business and other key stakeholders
  • Report daily balance sheet estimates, ensure accurate and timely reporting including an analytical review on significant movements and balances
  • Decomposition of a balance sheet for the business, identifying opportunities to reduce adjusted assets 
  • Complete month-end balance sheet reporting by internal deadlines, explaining movements or variances between estimates and final results 
  • Ensure all balance sheet accounts are reconciled, escalating variances
  • Ensure all reserve balances and valuation adjustments are reconciled and appropriately authorized
  • Ensure validity of allocated/attributed balances as well as internal funding charge operational effectiveness
  • Leading role in driving team projects, including automation and process enhancement
  • Ensure all front to back breaks are understood and escalated in accordance with standards
  • Ensuring a minimum of manual, stand-alone processes are maintained. Where tactically used, ensuring a strategic solution is being sought
  • Accurate analysis and recording of operational loss events; New Product Development
  • Involvement in the completion of new product review documentation for new businesses/products proposed by your trading desk
  • Implementation of systems and process changes/improvements that are required price verification and valuation adjustment
  • Perform independent price testing
  • Calculate/validate valuation adjustments and reserves
  • Working with the business and Global Valuation Group on valuation-related issues
  • Monitor and analyze material reserve movements business partnering
  • Advising on various elements such as accounting, funding, and capital that impact business performance
  • Regular independent price review meetings, escalating issues, and tracking closure

 

Requirements:

  • Must have a Bachelor’s degree
  • 8+ years' experience with market-related products (candidates with less experience will be considered as AVP)
  • Good working knowledge of accounting concepts
  • Control-focused, analytical, team-oriented, attention to detail
  • Self-driven with proven relationship management experience
  • Comfortable working in a fast-paced, deadline-driven environment
  • Strong communication skills both verbal and written
  • Strong Microsoft Excel skills with the ability to build and use spreadsheets

 

Desired:

  • CPA or CFA is preferred but not required
  • Securities, derivative and loan products
  • Valuation experience preferred
 
If you are interested in this or similar roles, please contact Joyce Wang at j.wang@hamlynwilliams.com.