Associate, Specialist, Fin Reporting & Accounting (Expected Credit Loss), Group Finance

DBS Bank; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial institution in Singapore is seeking an Associate for the Expected Credit Loss (ECL) team within Group Finance. The role involves ensuring compliance with IFRS 9 for credit losses, preparing analysis for senior management, and contributing to ECL projects. Ideal candidates will possess a degree in Accounting or Banking & Finance, along with 2 to 4 years of relevant experience. Strong analytical skills and the ability to collaborate effectively are crucial for success in this dynamic environment.

Benefits

Competitive salary

Benefits package

Dynamic work environment

Qualifications

• Minimum 2 to 4 years of audit or financial reporting or capital reporting experience.
• Experience in finance or credit risk management in banking preferred.

Responsibilities

• Ensure ECL computation and disclosures comply with IFRS 9.
• Prepare analysis and slide decks for senior management meetings.
• Analyze ECL drivers and participate in model development and refinement.

Skills

Good knowledge and understanding of accounting

Good analytical skills

Good communication skills

Meticulous

Positive learning attitude

Strong collaborator and team player

Education

Degree in Accounting / Banking & Finance

Job description

Associate, Specialist, Fin Reporting & Accounting (Expected Credit Loss), Group Finance-(WD79647)

Business Function

Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analysis to help the bank in making sound business decisions including product development, customer profitability and capital management. We also provide business planning, forecasting, tax and accounting advisory services.

The bank is also a certified Accredited Training Organisation (ATO) for Singapore Qualification Programme by Singapore Accountancy Commission and an Association of Chartered Certified Accountants (ACCA) Approved Employer.

Job Purpose

The Expected Credit Loss (ECL) team is responsible for computing and reporting credit losses according to IFRS 9. Credit losses are a key driver of DBS’ profitability and a key focus for senior management.

Key Accountabilities

• Understand the IFRS 9 accounting standard
• Ensure that the ECL computation and disclosures comply with IFRS
• Prepare analysis and slide decks for senior management meetings
• Perform the Group / Head Office ECL role, including coordinating analysis and discussions
• Participate in ECL related projects and liaise with the Banking regulator MAS

Job Duties & Responsibilities

• Ensure ECL computation and disclosures comply with IFRS 9
• Participate in crafting user stories and UAT testing for automation projects
• Support all DBS locations with technical accounting expertise
• Preparation of analysis and slide decks for management meetings as well as external disclosures
• Prepare analysis and slide decks for senior management meetings
• Perform peer benchmarking for ECL disclosures
• Analyze ECL drivers and participate in model development / refinement

Requirements

• Degree in Accounting / Banking & Finance.
• Min. 2 to 4 years of audit / financial reporting / capital reporting experience
• Experience in finance or credit risk management in banking preferred
• Good knowledge and understanding of accounting
• Meticulous. Possess a positive learning attitude
• Good analytical skills
• Good communication skills
• Strong collaborator and team player. Able to work independently

Apply Now

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