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Purpose
Contributes to the overall success of the Regional Finance team in Singapore ensuring specific individual goals, plans, initiatives are executed / delivered in support of the team’s business strategies and objectives. Ensures all activities conducted are in compliance with governing regulations, internal policies and procedures.
Supporting the Head of Finance, Asia Pacific (APAC) and as part of a regional GBM Europe and APAC FP&A team, be the key point of contact for the regional GBM Business Heads as well as Support & Control Functions, in Singapore, for all financial management Information requests.
Accountabilities
- Champions a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge.
- Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions.
- Actively pursues effective and efficient operations of his/her respective areas in accordance with Scotiabank’s Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML/ATF/sanctions and conduct risk.
- Champions a high performance environment and contributes to an inclusive work environment.
- General Accountability - Manage management reporting in APAC, including preparation of reports and forecasts. Complete timely financial analysis and due diligence review on data submitted by units. Coordinate, analyze and report financial performance to Regional Management and Product Line Managers. Leverage strong understanding of bank policies, product knowledge and business model to provide solid advice and recommendations to regional management and units.
- Annual Planning/Forecasting– Manage annual profit plan and all the forecast exercises for APAC (including both GBM and EO where necessary), including detailed plan analysis and creation of relevant business models such as country cut view/department view etc and tools to monitor ongoing business performance against forecasts and plan.
- Financial Reporting and Control - Ensure the accuracy and integrity of financial managment reporting (eg. HKALCO/HKMC etc) by measuring and monitoring performance criteria and quarterly variance against plan and historical performance. Work closely with EO/GBM Finance. Where warranted, provide onsite/offsite training to units.
- Cost Control – contribute to cost control in APAC and establish a full understanding of Cost allocations to the GBM APAC region.
- Performance Measurement - Contribute to the ongoing development and maintenance of processes to measure and analyze units’ performance in achieving regional strategic goals in relation to all finance matters. Completion of regional monthly variance report and quarterly forecasts submitted by countries, and meeting the Bank’s global reporting needs
- Profitability Analysis & Decision Support - Review individual unit financial performance and analyze projections against actual figures and suggest methods of improving the reporting process. Provide timely financial analysis and support to regional management, such as Core Operation PL, country contribution to profit, departmental profitability analysis etc for critical management decision.
- Accounting Control and Compliance – Ensure compliance with Scotiabank policies and guidelines and regulatory requirement by maintaining an awareness of policies and statutory requirement. Provide advice and counsel to units for handling accounting issues and monitoring compliance with critical requirements.
- Others - Undertake ad hoc financial request/projects / reviews for GBM APAC sites as directed by Senior Regional Management/Head office/business head on a timely basis. As a member of the GBM Europe & APAC FP&A team, pursue optimized and aligned processes across regions and, as appropriate, input into and provide cover for GBM Europe FP&A activities.
Requirements
- Strong technical skillset, commercial mind, and a minimum bachelor degree in business, accountancy, finance or possesses a professional / accounting designation.
- The incumbent should also have a solid understanding of asset / liability management concepts, foreign exchange exposures and performance measurement tools/criteria.
- The incumbent requires an excellent understanding of accounting procedures and principles, a proficiency in relevant P.C. software, ability to conceptualize problems and clearly communicate solutions, ability to apply analytical techniques for evaluating investments and make sound recommendations.
- The incumbent must also be in possession of a wide range of knowledge in Banking Systems especially in the area of bank accounting, banking security and have at least 8-10 years of experience.
- Strong organizational, managerial, interpersonal and communication abilities to direct varied activities within tight deadlines, alleviate conflicts as they arise and liaise with senior management in the field, E.O. and the regional office.
- Thorough knowledge of the Region and the ability to make decisions independently on how issues should be handled.
- Able to acts independently in ensuring accountabilities are carried out in accordance with established schedules and ensuring items are dealt with in timely fashion.
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