Director, Financial Control, GCIB APAC (Job ID: 10069026)

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.

Within GCIB, this role will also have accountability for setting our control frameworks governing performance measurement, revenue recognition and attribution, transfer pricing, credit cost and capital charge recognition and fixed and operational expenses.

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 a enterprise reporting platform.

Success in this role will be identifiable from enhanced decision making by senior managers as they leverage more accurate and timely management information, and from enhanced operational performance of the business as it leverages practical and actionable control frameworks in its day-to-day activities.

This successful incumbent can choose to work from either our Sydney, Melbourne or Singapore offices.

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 and which ensure the integrity of financial reporting whilst minimizing risk exposure.
• Oversee the implementation and effectiveness of internal controls to ensure GCIB is in compliance with Bank regulatory standards, reducing the risk of fraud, errors, or financial misreporting.
• Proactively review and challenge the Bank's financial policies and procedures to reflect evolving regulatory standards, market conditions, 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 and reducing the time and complexity of financial reporting.
• Support the continuous development / re-engineering of the current tasks performed by the financial control team to build a more efficient and appropriate work flow structure for the future
• Ensure that financial systems (e.g. T24, Smyle, OVS) and processes are operating efficiently and effectively, identifying any gaps or areas for improvement.

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 and helping the team navigate complex financial challenges.
• Work with other finance teams, including FP&A, Treasury, and Risk, 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 and to ensure effective communication of financial performance across the bank.
• Serve as a trusted advisor on technical accounting matters and provide guidance on complex issues, such as the treatment of new products, mergers & acquisitions, and regulatory changes.
• Provide insights and recommendations to senior management on improving financial controls and optimizing the bank’s financial governance framework.

6. Risk Management & Strategic Initiatives:

• Lead the identification and mitigation of financial reporting risks, ensuring early detection and resolution of issues.
• Act as a key participant in strategic projects (e.g., system upgrades, regulatory changes, M&A activity), providing financial control insights to ensure that financial data and reporting processes align with strategic goals.

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, internal controls, and complex financial close processes in a large, multi-entity financial institution.
• Experience in process improvement with the ability to identify inefficiencies and leverage automation tools to streamline financial workflows. Experience with developing financial information datasets and leveraging Robotic Process Automation (RPA) would be an added advantage.
• Experience leading cross-functional teams and working collaboratively with senior management to drive strategic financial initiatives.
• Familiarity with banking regulations, including Basel III, MiFID II, and Dodd-Frank.
• Experience with financial systems and reporting software. Experience with Core Banking System software and ANAPLAN would be an added advantage.

Skills:

• Attention to detail, strong analytical and problem-solving skills.
• Excellent communication and interpersonal skills, with the ability to explain complex financial concepts to non-financial stakeholders.
• Exceptional leadership and team management abilities, with a track record of developing high-performing teams.
• Proficiency in Microsoft Excel and other financial modeling tools.
• Strong project management skills, with experience leading process improvement initiatives.

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

We regret to inform that only shortlisted candidates will be notified.

Job ID: 10069026