VP/AVP, Financial Reporting & Accounting

DBS Bank; Hong Kong; On-site; HKD 1,200,000 - 1,600,000; Full time

Job summary

DBS Bank in Hong Kong is seeking a senior financial reporting professional to manage regulatory reporting for HKMA, SFC and SG MAS, and to supervise the preparation of financial statements in line with local standards.

You will lead a team to ensure timely submissions, assess new product impacts, and implement accounting changes in collaboration with relevant departments. Strong banking product knowledge and leadership are essential.

Qualifications

• Degree holder in Accounting, Finance or related disciplines and a qualified accountant.
• Minimum 10 years’ relevant experience in financial institutions or Big 4 audit firms, at managerial level.
• Strong knowledge on banking products and related accounting and regulatory reporting treatments, particularly derivatives and financial market products.
• Experience in driving process streamlining and Gen-AI initiatives is an advantage.
• Good knowledge on financial control framework for banks.
• Good writing skills, communication and interpersonal skills.
• Attentive to details and accuracy and drive for process efficiency.
• Self‑starter with the ability to multi‑task, a strong desire to learn, and a team player.
• Able to work independently and under tight timeline.

Responsibilities

• Responsible for DBS HK entities financial and regulatory reporting process (HKMA, SFC and SG MAS).
• Oversee the preparation of financial statements in compliance with local accounting standards and HKMA disclosure requirements.
• Supervise a team to ensure timely and accurate submission of head office reporting and regulatory returns.
• Coordinate financial disclosure and regulatory reporting of new requirements.
• Perform assessment on the accounting and regulatory reporting treatment for current / new products and businesses.
• Perform impact assessment and work with relevant departments to implement new accounting standards and regulatory changes.
• Represent Finance in cross bank system implementation and process changes.
• Drive process streamlining and Gen-AI initiatives to improve efficiency and enhance control.
• Manage internal and external audits, and financial disclosures review.

Skills

Accounting

Finance

Regulatory reporting

Derivatives knowledge

Financial controls

Gen-AI initiatives

Leadership

Communication

Attention to detail

Multi-tasking

Education

Accounting or Finance degree

Qualified accountant

Job description

Business Function Group Finance aims to deliver world‑class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.

Responsibilities

• Responsible for DBS HK entities financial and regulatory reporting process (covering HKMA, SFC and SG MAS regulatory reporting)
• Oversight the preparation of financial statements in compliance with local accounting standard and HKMA disclosure requirements
• Supervise a team to ensure timely and accurate submission of head office reporting and regulatory returns
• Coordinate financial disclosure and regulatory reporting of the new requirements
• Perform assessment on the accounting and regulatory reporting treatment for current / new products and businesses
• Perform impact assessment and work with relevant department to implement new accounting standards and regulatory changes
• Represent Finance in cross bank system implementation and process changes
• Drive process streamlining and Gen-AI initiatives with an objective to improve efficiency and enhance control
• Manage internal and external audits, and financial disclosures review

Requirements

• Degree holder in Accounting, Finance or related disciplines and a qualified accountant
• Minimum 10 years’ relevant experience in financial institutions (preferrably locally incorporated banks with SFC licensed entity exposure) or Big 4 audit firms and currently in managerial level
• Strong knowledge on banking products and related accounting and regulatory reporting treatments, particularly on derivatives and financial market products
• Experience in driving process streamlining and Gen-AI initiatives is an advantage
• Good knowledge on financial control framework for banks
• Good writing skills, communication and interpersonal skills
• Attentive to details and accuracy and drive for process efficiency
• Self‑starter with the ability to multi‑task, a strong desire to learn, and a team player
• Able to work independently and under tight timeline

Candidate with less experience will be considered as AVP Financial Reporting & Accounting

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.

We regret only shortlisted candidates will be notified.

Location: One Island East Job: Finance. Schedule: Regular Employee Status: Full time

DBS is more than a bank — we're shaping the future of finance and communities. With innovation at our core and impact in our DNA, we go beyond banking to build careers, relationships, and a better world. DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 15 consecutive years from 2009 to 2023. DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets and is committed to building lasting relationships with customers. With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities.