Business Finance for Central Treasury Unit - Treasury Product Financial Control & Hedge Accounting, Group Finance

Company: 1011 United Overseas Bank Ltd

About UOB

United Overseas Bank Limited (UOB) is a leading bank in ASEAN with a global network in Southeast Asia, Asia Pacific, Europe and North America. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of about 430 branches and offices in 19 markets. At the heart of UOB is our culture, shaped by the UOB Way and anchored on our four values – Honourable, Enterprising, United and Committed. For more than 90 years, these values have guided how we do right by our customers, collaborate with one another and create long-term value for the communities we operate in. As One Bank, we are committed to helping our colleagues build sustainable careers grounded in purpose, supported by strong values, and enriched with meaningful opportunities to grow.

Job Description

Job Responsibilities

The successful candidate will act as the finance business partner to the Central Treasury Unit (CTU) and play a key role in  supporting the CTU Business Finance function. Key responsibilities include:

Financial Performance Management and Analysis

• Lead the production, monitoring, and analysis of the Group CTU Profit & Loss (P&L) reports, ensuring timely, accurate, and insightful financial reporting.

• Perform detailed variance analysis to identify and explain key drivers

• Partner with stakeholders to assess financial performance trends and support strategic decision-making.

Budgeting, Forecasting and Financial Planning

• Support the annual budgeting and periodic forecasting processes for Group CTU
• Monitor financial performance against budget and forecast targets, providing comprehensive analysis and explanations of variances.
• Support management in evaluating opportunities, risks, and emerging trends that may impact financial performance and strategic objectives.
• Prepare management presentations and financial reports for senior stakeholders and governance committees.

Hedge Accounting Governance and Advisory

• Coordinate Group-wide hedge accounting initiatives to support effective risk management and financial reporting objectives.
• Provide technical guidance and advisory support on hedge accounting matters to local Finance and CTU teams across different jurisdictions.
• Ensure hedge accounting practices comply with applicable accounting standards, regulatory requirements, and internal governance policies.
• Partner with CTU, Finance, and Risk Management teams to assess and implement hedge accounting solutions for new products, transactions, and strategic initiatives.

Audit, Controls and Governance

• Act as the primary liaison for Internal Audit and External Auditors on matters relating to CTU Business Finance activities.
• Coordinate audit requests, facilitate discussions, and ensure timely resolution of audit queries and findings.
• Strengthen financial controls, governance processes, and documentation standards to support a robust control environment and regulatory compliance.
• Ensure adherence to Group accounting policies, financial governance frameworks, and regulatory requirements.

Strategic Projects and Continuous Improvement

• Drive and contribute to strategic initiatives aimed at enhancing operational efficiency, financial reporting capabilities, and treasury management processes.
• Identify opportunities for process automation, workflow optimisation, and data analytics enhancements to improve productivity and reporting quality.
• Support the delivery of Group-wide transformation initiatives and strategic objectives through effective project participation and stakeholder engagement.
• Foster collaboration across Finance, CTU, Technology, and business teams to implement best practices and sustainable process improvements.

Stakeholder Management

• Build strong working relationships with CTU, Risk Management, Product Control Group, Group Finance and business unit stakeholders.
• Serve as a trusted finance partner, providing financial insights, technical expertise, and strategic recommendations to support business and treasury objectives.
• Facilitate clear communication and alignment between finance, treasury, and business stakeholders on key initiatives and performance outcomes.

Job Requirements

• Bachelor’s degree in Accounting, Finance, Business, or an equivalent professional certification.
• 5 to 10 years of experience in the banking or financial services sector, preferably in Treasury, Product and Financial Control and Hedge Accounting.
• Working knowledge and experience in Cash Flow Hedge Accounting and Fair Value Hedge Accounting
• Good understanding of bank balance sheets, funding structures, deposit and loan products, and internal pricing mechanisms; familiarity with liquidity risk frameworks is preferred.
• Strong SAP, Excel and PowerPoint skills
• Proactive, meticulous, and able to work both independently and collaboratively in a team environment.
• Strong organizational skills with the ability to manage multiple priorities in a fast-paced, deadline‑driven setting.
• Resourceful with strong communication and interpersonal skills to effectively engage with business, finance, and other stakeholders.
• Passionate about using data analytics and financial modeling to generate insights that support high‑quality decision‑making.
• Demonstrated leadership, influencing ability, and strong stakeholder management skills.

Additional Requirements

Be a Part of the UOB Family

UOB is an equal opportunity employer. UOB does not discriminate on the basis of a candidate's age, race, gender, color, religion, sexual orientation, physical or mental disability, or other non-merit factors. All employment decisions at UOB are based on business needs, job requirements and qualifications. If you require any assistance or accommodations to be made for the recruitment process, please inform us when you submit your online application.

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