Director, Head of APAC Finance Control Group

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 21 Jan 18 2018-01-21

Director, Head of APAC Finance Control Group


Job Title: Director, Head of APAC Finance Control Group

About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.
Connecting Asia Pacific to the World
Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Position Description

Director, Head of APAC Finance Control Group Team is under the organization with the Global Financial Control Group (GFC). This position will act as the central coordinator across the APAC Bank of America, N.A branches and report directly to APAC Regional Controller & Greater China CFO. The team will be responsible for our Data Management and Automation Projects, Legal Entity Strategy and Governance, Implementation across APAC of Global and Regional policies and procedures, Regional Projects and Initiatives, and Regional oversight and co-ordination of intercompany recharges and transfer pricing.

Key Responsibilities

  • Lead the APAC Finance Control Group Team in APAC region.
  • Finance Control : Ensure implementation and adherence to Enterprise's Finance Control Policy including but not limited to Month End Closing Process, Balance Sheet Substantiation, Spreadsheet Control, Issue Management-tracking and monitoring, Data Management, Regulatory Reporting Accountability Policy, SOX coordination, present finance control matric of APAC entities to senior Finance management etc.
  • Quality Assurance : Regular quality assurance review of procedures and processes to ensure adequate finance control in place and implement enhancement consistently across APAC entities
  • Operational Risk Testing : Act as Point of Contact (PoC) for APAC entities in global/regional driven operational risk testing to ensure documentation is properly prepared and ready for testing.
  • Regional Legal Entity Controller Reporting : Monitoring month end closing process, representative of APAC controllers in global forums, regional reporting for legal entities to senior management in APAC, main PoC/coordinator of BANA/ML entities in APAC region.
  • Act as proxy for Regulatory Information Officer (RIO) for APAC region.
  • Transfer Pricing (TP)/Recharges : Act as PoC for APAC TP and coordinate with controllers, track and monitor common TP issues, oversee TP process for consistency and accuracy in booking and documentation, coordinate and support yearly TP documentation for audit purpose, implement entity Line Of Business profitability analysis and analysis of recharges to APAC entities.
  • Projects/Initiatives : representative of APAC controllers in regional/global projects initiated by cross functions, drive Finance initiated projects including implementation of accounting changes (e.g. IFRS9), regulatory reporting automation, legal entity rationalization, simplified/Improvement etc.

Key Requirements
  • Relevant Finance Controller background or internal financial control with at least 10 years of experience.
  • Preferably a qualified accountant.
  • Able to grab concepts and move things forward with limited guidance/supervision.
  • Experience in managing a team comprising of a few experienced team members.
  • Proactive, energetic and enthusiastic to make changes for the better.
  • Team work spirit.


Posting Date: 02/01/2018
Location:
Hong Kong, , KOWLOON COMMERCE CENTER TOWER 2, 51 KWAI CHEONG ROAD,
- Hong Kong

Full / Part-time: Full time
Hours Per Week: 40