Ocbc

Ocbc

Finance Accounting Specialist

Company

Ocbc

Role

Finance Accounting Specialist

Location

Malaysia

Job type

Full time

Posted

Yesterday

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Salary

Not disclosed by employer

Job description

WHO WE ARE:

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

 Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.

 We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

Treasury Financial Control and Advisory (TFCA) is an independent control and reporting function within Finance Division that provides assurance over the accuracy and integrity of the Bank treasury’s financial positions. Additionally, TFCA assesses, develops, and implements control frameworks and procedures to support Global Markets (GM) activities.

The department is responsible for producing a daily Profit or Loss (P/L) summary report and a monthly GM business performance executive report. Among the tasks performed by the department are the following: daily reconciliation of the front-to-back positions, verification of the P/L estimates provided by traders, computation of monthly fair valuation adjustments, and conducting independent price verification.

TFCA is responsible for computing the Market Risk Weighted Asset (MRWA) for regulatory reporting to Bank Negara Malaysia. Additionally, TFCA supports and collaborates with GM on various projects, including system implementation and development of new treasury businesses and products. The department also works with other stakeholders, such as Market Risk and Treasury Operations, to support GM’s operational requirements.


Description:

  • Perform timely and accurate computation of Market Risk Capital Requirements in accordance with BNM requirements.
  • Have strong understanding of treasury products for effective and accurate reporting and analysis in compliance with accounting standards.
  • Adopt a continuous improvement mind-set; implement appropriate measures and documentation to cultivate a strong sense of internal control environment to reduce operational risks. 
  • Familiar with upcoming Basel 3 reform rules on market risk capital requirements and market risk knowledge would be advantageous
  • Participate in annual BNM Industry Wide Stress Testing (IWST) and ICAAP stress testing, projects, system implementation and process enhancements.
  • Collaborate with internal stakeholders to ensure financial processes and controls are in place and effective
  • Provide financial guidance and support to business units to drive growth and profitability
  • Design, execute and analyze UAT results based on treasury products business scenario, ensuring timely resolution and communication with the development team.

  • A degree in Accounting or a related field, with a minimum of 2 to 5 years of working experience in finance and accounting role
  • Professional certification in accounting (e.g., CA, CPA, ACCA) is desirable
  • Relevant work experience and knowledge in treasury products such as fixed income and derivative products, exposure to Business Intelligence tool, Murex system and programming skills are definite advantage
  • Strong technical skills in financial accounting, financial analysis, and financial modeling
  • Excellent analytical, problem-solving, and attention to details
  • Team player, ability to multi-task and meet tight deadlines
  • Strong business acumen and understanding of financial markets and trends

What we offer:


Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

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