Overview
Financial Regulatory Reporting – 12 months contract – Hong Kong Jobs in Hong Kong, Hong Kong SAR at Robert Walters
Title: Financial Regulatory Reporting – 12 months contract – Hong Kong
Company: Robert Walters
Location: Hong Kong, Hong Kong SAR
Job Title: Financial Regulatory Reporting
Location: Hong Kong
Perm/Contract/ Full-time/Part-time: Contract – 12 Months
On-site/Hybrid/Remote: On-site
Who We Are
Robert Walters is the world’s most trusted talent solutions business. Across the globe, we deliver recruitment, outsourcing, and talent advisory services for businesses of all sizes, opening doors for people with diverse skills, ambitions, and backgrounds.
Our Outsourcing service delivers recruitment for some of the world’s top employers, and we are currently recruiting on behalf of one our client which is the is a French multinational universal bank and financial services holding company. It has a presence in 65 countries, with close to 190,000 employees. It is the largest banking group in Europe, and the ninth-largest banking group in the world (by assets). It was ranked as the 33rd largest public company in the world.
The Role
Our client is seeking a Financial Regulatory Reporting in the Banking division.
Job Description
Role overview:
- Preparation of various statutory returns as well as compulsory surveys for client as requested and demanded by local authority – Hong Kong Monetary Authority ("HKMA") regularly and from time to time independently and comply with regulatory requirements & internal guidelines.
- Preparation of Granular Data Reporting (GDR).
- Analyze the latest changes in rules and regulations and implement the necessary system or procedural changes to meet the changing requirements.
- This involves:
(a) ensuring compliance with local regulations and legislation for Tax, Legal and with Group regulations defined in policies, procedures, rules and standards, with a particular focus on first level Permanent Control; and
(b) ensuring regulatory reporting is prepared accurately and delivered on a timely basis.
Key Responsibilities:
Regulatory reporting:
- Prepare HKMA returns / surveys, liquidity ratios (LMR/CFR) and GDR report
- Perform financial analysis on key variations
- Providing information to HKMA for queries on regular and ad hoc basis.
- Update quick map tables for FLEXEL GDR reports to maintain any changes.
- Perform controls on FLEXEL reports.
- Perform UAT for any changes to FLEXEL system or reporting system.
- Support ad hoc process improvement and other projects assigned by the team head.
Policy Maintenance and System Development:
- Ensure procedure manuals are updated and system implemented meets local regulatory reporting requirement.
Financial Controls:
- Ensures first level controls on local regulatory reporting are properly performed.
Other duties:
- Assists in banking returns audit under section 63(3) and 63(3A) of Banking Ordinance. Provide return preparation walkthrough with auditor during audit review.
- Assists in provision of internal data / management report to senior management / other stakeholders.
- Work with project teams to identify the project needs and deliverables in alignment with overall Group program objective.
- Be responsible for performing regulatory reporting control assessments and enhancement as well as preparing required documentation.
- Ensures audit recommendations are resolved within the specific timeline.
- Assist the BCP Drill. o Administration tasks for department.
Requirements/Qualifications:
- Knowledge of the current HKMA reporting requirements (including liquidity returns).
- Exposure to different banking products (GM, GB, WM, etc).
- Strong accounting knowledge.
- Control oriented mindset.
- Creativity & Innovation/Problem Solving.
- Strong analytical and ability to synthesize and simplify.
- Strong sense of responsibility and commitment.
- Collaborative.
- Ability to prioritize work in a deadline intensive environment and work under pressure.
- Ability to lead and drive initiatives with a structured and focused approach.
- Change Management & Project Management skills is an advantage.
- Proficiency in Excel (VBA, Power BI etc.).
- CPA along with a relevant degree preferred.
- Minimum 3 years’ experience in regulatory reporting in banking or experience in banking returns audit.
- Experience in return automation projects such as workflow re-engineering / streamline existing process is an advantage.
- Skilled in data extraction and analysis.
- Fluency in English.
This position is being recruited on behalf of our client through our Outsourcing service line. Resource Solutions Limited, trading as Robert Walters, acts as an employment business and agency, partnering with top organisations to help them find the best talent. We welcome applications from all candidates and are committed to providing equal opportunities.
Client promotes collaboration and aims to provide a supportive and inclusive environment where all individuals can maximize their full potential.
As we are continuously hiring for all our clients in the region, we will retain your CV in our database for any other positions that may fit your profile. Therefore, please let us know if you are not agreeable to that.
