DBS Bank

Regional bank offering digital banking

VP/AVP Financial Reporting & Accounting

Financial AccountingUpdated on Nov 12

Full-timeHong KongNo salary listedIn-person

About the Job

Requirements

A degree in Accounting, Finance, or a related discipline and qualification as an accountant are required.
At least 10 years of relevant experience in financial institutions, preferably locally incorporated banks with exposure to SFC-licensed entities, or Big Four audit firms, and current managerial-level experience are required.
Strong knowledge of banking products and their accounting and regulatory reporting treatments, particularly derivatives and financial market products, is required.
Good knowledge of banks' financial control frameworks is required.
Good writing, communication, and interpersonal skills are required.
Attention to detail and accuracy, with a drive for process efficiency, is required.
The candidate must be able to work independently and under tight timelines.
The candidate must be able to multitask and demonstrate self-direction, a desire to learn, and teamwork.

Responsibilities

Manage the financial and regulatory reporting process for DBS Hong Kong entities, covering Hong Kong Monetary Authority, Securities and Futures Commission, and Singapore Monetary Authority regulatory reporting.
Oversee preparation of financial statements in compliance with local accounting standards and Hong Kong Monetary Authority disclosure requirements.
Supervise a team to ensure timely and accurate submission of head-office reporting and regulatory returns.
Coordinate financial disclosure and regulatory reporting for new requirements.
Assess the accounting and regulatory reporting treatment of current and new products and businesses.
Assess the impact of new accounting standards and regulatory changes and work with relevant departments to implement them.
Represent Finance in cross-bank system implementations and process changes.
Drive process-streamlining and generative AI initiatives to improve efficiency and enhance controls.
Manage internal and external audits and financial disclosure reviews.

Desired Qualifications

Experience driving process-streamlining and generative AI initiatives is an advantage.
Candidates with less experience may be considered at the AVP level.

Business Function

Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

Responsibilities

Responsible for DBS HK entities financial and regulatory reporting process (covering HKMA, SFC and SG MAS regulatory reporting)
Oversight the preparation of financial statements in compliance with local accounting standard and HKMA disclosure requirements
Supervise a team to ensure timely and accurate submission of head office reporting and regulatory returns
Coordinate financial disclosure and regulatory reporting of the new requirements
Perform assessment on the accounting and regulatory reporting treatment for current / new products and businesses
Perform impact assessment and work with relevant department to implement new accounting standards and regulatory changes
Represent Finance in cross bank system implementation and process changes
Drive process streamlining and Gen-AI initiatives with an objective to improve efficiency and enhance control
Manage internal and external audits, and financial disclosures review

Requirements

Degree holder in Accounting, Finance or related disciplines and a qualified accountant
Minimum 10 years’ relevant experience in financial institutions (preferrably locally incorporated banks with SFC licensed entity exposure) or Big 4 audit firms and currently in managerial level
Strong knowledge on banking products and related accounting and regulatory reporting treatments, particularly on derivatives and financial market products
Experience in driving process streamlining and Gen-AI initiatives is an advantage
Good knowledge on financial control framework for banks
Good writing skills, communication and interpersonal skills
Attentive to details and accuracy and drive for process efficiency
Self-starter with the ability to multi-task, a strong desire to learn, and a team player
Able to work independently and under tight timeline
Candidate with less experience will be considered as AVP Financial Reporting & Accounting

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

We regret only shortlisted candidates will be notified.

Location:

One Island East

Job:

Finance.

Schedule:

Regular

Employee Status:

Full time

About the Company

DBS Bank

Regional bank offering digital banking

DBS Bank provides banking and financial services in Singapore and Southeast Asia, including personal and business banking, loans, deposits, wealth management, and payments. It serves customers through a network of branches and a digital platform that lets people open accounts, transfer funds, borrow, and invest via online and mobile apps. The bank differentiates itself with government-backed origins, rapid regional growth, a strong emphasis on digital banking, and a broad mix of consumer, corporate, and wealth services. Its goal is to be a leading, trusted financial services provider in Asia, supporting customers and economies with reliable banking and sustainable growth.

Company size: 10,001+
Company stage: IPO
Headquarters: Singapore, Singapore
Founded: 1968

Recently Posted Jobs

Explore more opportunities at DBS Bank

See more jobs