Director, Financial Control, GCIB APAC

Director, Financial Control, GCIB APAC

Apply locations: Singapore Office, Marina One, Melbourne Branch, Sydney Branch

Time type: Full time

Posted on: Posted Yesterday

Job requisition id: 10069026-WD

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Purpose of the role:

We are seeking a highly skilled Financial Controller (Director Level) to lead the next phase in the development of the financial control function of our Regional Corporate and Institutional Banking division (GCIB APAC).

Supporting the CFO of Global Corporate & Institutional Banking APAC (GCIB APAC) and broader Financial Planning Team, this position will assume leadership and accountability for Financial Control for GCIB in APAC.

Within GCIB, Financial Control relates to ensuring the integrity, accuracy, timeliness, and compliance of GCIB APAC’s management reporting. As a result, this role will be integrally involved with Head Office, Branch and Subsidiary accounting, risk and treasury functions to ensure that all underlying financial transactions are properly recorded and that our reporting complies with the Bank’s accounting and regulatory standards (e.g. GAAP and IFRS). As part of this remit, the role will assume day-to-day management responsibility for all financial data, including relevant data sourcing from Bank ERP systems and bespoke databases/data warehouses.

An important part of this role going forward is to lead a full review of the current financial close process and to lead an initiative to significantly improve it, including potential recommendations to move to an enterprise reporting platform.

Job Responsibilities:

1. Financial Reporting & Compliance:
   • Ensure completeness, accuracy, and timeliness of all financial management reporting in compliance with Bank policy and standards (IFRS/GAAP).
   • Ensure accurate financial consolidation of all bank entities, providing clear, actionable insights on the consolidated financial performance of GCIB across all key business drivers (Balances, Margins, Fees and Costs).
   • Liaise with FP&A Team to ensure forecasting models contain correct historical information to ensure reliable projections.
   • Provide variance analysis of actual performance against budget and forecasts, identifying trends and providing actionable insights to senior leadership.
   • Oversee the Financial Planning operational risk assessments and any internal financial audits and ensure full compliance with internal controls and regulatory requirements.
   • Coordinate with internal auditors to facilitate the audit process, responding to audit queries and implementing recommendations.
2. Governance and Control:
   • Lead the development and implementation of a robust set of control frameworks governing performance measurement, revenue recognition and attribution, transfer pricing, credit cost and capital charge recognition and fixed and operational expenses.
   • Oversee the implementation and effectiveness of internal controls to ensure GCIB is in compliance with Bank regulatory standards.
   • Proactively review and challenge the Bank's financial policies and procedures to reflect evolving regulatory standards and best practices in financial governance.
   • Act as the point of contact for Central Planning Division, Planning Office for Asia, GCIB Planning Division and any regulatory authorities, providing required information and ensuring that financial reporting meets the expectations of the relevant regulators.
3. Financial Close & Operational Efficiency:
   • Oversee the monthly and quarterly closing processes, ensuring that all financial transactions are accurately recorded and reconciled.
   • Lead efforts to streamline the financial close process, identifying opportunities for operational efficiency.
   • Support the continuous development/re-engineering of the current tasks performed by the financial control team.
   • Ensure that financial systems (e.g. T24, Smyle, OVS) and processes are operating efficiently and effectively.
4. Leadership and Team Development:
   • Lead and develop a high-performing financial control team, fostering a culture of excellence, collaboration, and accountability.
   • Provide mentorship and guidance to direct reports, supporting career development.
   • Work with other finance teams to ensure financial data is aligned and supports both strategic decision-making and regulatory requirements.
5. Stakeholder Management & Advisory:
   • Partner with senior leaders, including the CFO and other department heads, to provide financial expertise in decision-making.
   • Serve as a trusted advisor on technical accounting matters and provide guidance on complex issues.
   • Provide insights and recommendations to senior management on improving financial controls.
6. Risk Management & Strategic Initiatives:
   • Lead the identification and mitigation of financial reporting risks.
   • Act as a key participant in strategic projects, providing financial control insights.

Job Requirements:

Experience:

• Minimum 10 years of experience in financial control, accounting, or a similar finance function, with at least 5 years in a Director-level role within a bank or financial institution.
• Experience in financial reporting (IFRS, GAAP) and regulatory compliance in the banking sector.
• Proven track record of managing financial audits and internal controls in a large, multi-entity financial institution.
• Experience in process improvement with the ability to identify inefficiencies.
• Experience leading cross-functional teams and working collaboratively with senior management.
• Familiarity with banking regulations, including Basel III, MiFID II, and Dodd-Frank.
• Experience with financial systems and reporting software.

Skills:

• Attention to detail, strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills.
• Exceptional leadership and team management abilities.
• Proficiency in Microsoft Excel and other financial modeling tools.
• Strong project management skills.

Education:

• Bachelor's degree in Accounting, Finance, or a similar field.
• Professional accounting qualification (e.g., C.A, ACCA, CPA, CIMA, or ACA) is required.
• Master's degree in Business Administration (MBA) or a related field would be an added advantage.

Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organizational fit, regardless of race, religion or gender.

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