Legal Entity Controller, Assistant Vice President Legal Entity Controller, Assistant Vice President …

State Street Corporation
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 03 Jun 20
State Street Corporation
in Singapore, Singapore, Singapore
Permanent, Full time
Last application, 03 Jun 20
State Street Corporation
Legal Entity Controller, Assistant Vice President
Who we are looking for
State Street Corporation's Finance division is currently seeking an AVP for Legal Entity Reporting. As Legal Entity Controller you will take responsibility of financial and regulatory reporting as well as monitoring of various legal entities within the ASEAN region. You will develop an in-depth understanding of various entities within the financial industry, including their business strategies as well as associated technical accounting and disclosure requirements. We are looking for a proactive and self-motivated team player to join our Legal Entity Controller team based in Singapore who is willing to take over responsibilities in a wide range of accounting and reporting requirements in a fast paced banking environment.

Why this role is important to us
The team you will be joining is a part of State Street Global Services (SSGS). SSGS gives asset owners and managers access to the essential financial tools they need to deliver effective investment solutions. From core custody, accounting, fund administration and shareholder recordkeeping, to complete operations solutions and servicing for alternative assets like OTC derivatives, private equity and real estate, SSGS' tools help our clients make better investment choices and act on growth opportunities.
Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for
As Legal Entity Controller you will
  • Reporting into Regional ASEAN Controller.
  • Supporting various aspects of legal entity and BU Controllership within the ASEAN region (spanning Singapore, Thailand, Malaysia, and Brunei) to ensure accuracy of financial results and that all internal controls are appropriately designed and executed. Coverage for Global Services, Global Delivery, Global Markets, Global Exchange and Global Advisors in region for Controllership impacts.
  • Collaborate within a small team based out of Singapore and partnering with a wide range of stakeholders including Businesses, the local management team, Lead Financial Officers (LFOs), outsourced functions team (Global Accounting Operations, Billing, Regulatory Reporting) and Finance /functional leadership team. Working closely with Business Controls teams to improve control environment.
  • Coordinate with Global Close and Consolidation team on monthly close cycle process for accuracy and efficiency. Ensure financial controls are operating effectively and issues reported/ resolved and appropriately escalated. Responsibility for Internal Audit results and remediation for Singapore entities.
  • Regulatory reporting to MAS and implementation of the new MAS 610 framework - Ensure all regulatory returns, statistics and surveys data are prepared accurately and timely, and in compliance with regulatory and statutory requirements which includes maintain and write up of respective procedures and documentation.
  • Actively cooperate with the external auditors to finalize statutory reporting for various entities in the ASEAN region advisor including query resolution.
  • Interface and close collaboration with LFO's and FP&A organization to ensure alignment and accuracy or monthly, Quarterly/ Annual results and alignment to Business Unit initiatives and correct treatment of key events (Impairment, deferrals etc).
  • Support and execution of transformation initiatives, ensure robust control and knowledge transfer for activities migrated to Hub Locations, proper implementation of systems which impact the external & internal financial & regulatory reporting in the ASEAN region. Execute on initiatives that impact accounting, reporting or tax including capital management
  • Support tax compliance (direct and Indirect) including Transfer Pricing scheme.
  • Any other ad-hoc tasks as required by the APAC controller from time-to-time.

What we value
These skills will help you succeed in this role
  • Ability to work in a fast paced banking environment managing multiple priorities
  • Fast learner, proactive in nature and has excellent attention for details
  • Committed, self-motivated and proactive, with a desire to succeed
  • Team player
  • Ability to think holistically and make connections between diverse issues/tasks

Education & Preferred Qualifications
  • Qualified Accountant with approximately 10 years of relevant experience.
  • Good knowledge of Singapore GAAP / IFRS preferred
  • Good knowledge of Accounting System (e.g. Oracle, SUN) will be an advantage
  • Excellent written and oral communication skills in English required
  • Strong control awareness
  • Experience with local banking MAS (610, 649) reporting requirements will be valued
  • Proficient level of Excel knowledge (e.g. Macro-handling) will be an advantage

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at
Company Overview

From technology and product innovation to corporate responsibility and community development, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people - strengthening markets, building communities and creating opportunities for growth.

We owe that longevity to the commitment, expertise and creativity of our employees. Our continued success depends on our ability to attract and develop the best talent in the industry. That's why we're keenly focused on employee development, corporate citizenship and inclusion.

For us, success comes in the mark we make as an organization - for the industry, our clients, our communities and each other.