Description

On behalf of an international commercial bank, we are seeking a Head of Finance for their Hong Kong business.

You will lead the local finance department and oversee all aspects of financial accounting and controls, regulatory, tax and management reporting, balance sheet management, financial planning, budgeting and forecasting.

Salary: HKD 1,000,000 - 1,200,000 + bonus

What this role requires:

• • Qualified accountant (ACCA/CIMA) with 10 - 15 years' experience
  • 5+ years' experience working in commercial / wholesale banking
  • Deep understanding of HK Banking Ordinance and HKMA supervisory policies
  • Experience in completing HKMA regulatory returns and preparation of financial disclosures is essential.

Role:

• • Oversee robust financial controls and governance.
  • Supervise the preparation of financial statements and returns submitted to the regulators.
  • Responsible for all direct and indirect taxes of the branch (HK IRD Profits Tax, Authorized OECD Approach).
  • Collaborate with the HK ALCO and Head Office ALCO to manage & optimise the branch liquidity position.
  • Provide reports for the Country Head and Group Finance Head.
  • Own the budgeting cycle for the branch, set & track budgets, and conduct regular cost center expense reviews.
  • Member of the branch MANCO, ALCO and AML Risk Committees.
  • Work in conjunction with business to assess the financial and accounting impact of new product launches and economic evaluation of large transactions.

Requirements:

• • Qualified accountant (ACCA/CIMA) with 10 - 15 years' work experience
  • 5+ years' experience working in commercial / wholesale banking
  • Deep understanding of HK Banking Ordinance and HKMA supervisory policies Experience in completion of HKMA regulatory returns and preparation of financial disclosures is essential.
  • In-depth understanding of all relevant direct and indirect taxation laws and rules applicable to the branch (Taxation / Transfer pricing) and ability to communicate cross border tax implications from transactions that will require collaboration with group-level stakeholders.
  • Fluent English, oral and written.
  • Experience in implementation of core ERP systems and automation of reporting returns would be beneficial but not essential. However, a good understanding of their functionality is highly desirable.