Job description Some careers have more impact than others.
If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialise in Insurance but enjoy the advantages that come with being part of a leading global international bank.
Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.
Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.
We are currently seeking a high calibre professional to join our team as an Assistant Manager, Regulatory Reporting. Principal Responsibilities
The role holder will be involved in the regulatory reporting of HSBC Life (Singapore) Pte. Limited as well as various ad hoc projects.
He/she will work closely with multiple internal and external stakeholders including the CFO, actuaries, onshore and offshore teams and other finance functions as well as personnel from the Monetary Authority of Singapore (MAS) to ensure that all reporting requirements are met to the highest standards and within the strict deadlines imposed by HSBC Head Office and MAS.
This role offers a good learning and development opportunity for the right individual with exposure to the Insurance Finance regulatory reporting process in Singapore. It also provides a platform to broaden and strengthen the candidate's knowledge of both business processes and activities as well as gain experience in a First Line of Defense controls.
- Handle month-end financial close and reporting, including reconciliations, preparation of journals and high level analytical review
- Prepare MAS regulatory submissions and solvency computations
- Participate in external audit process, including coordination and preparation of the statutory financial statements
- Assist in Chart of Accounts maintenance
- Work with various stakeholders in ensuring the quality of data that flows into the general ledger
- Assistance in strengthening controls around the general ledger substantiation process
- Implementation of end user controls
- Collaboration with Group, Regional and other impacted stakeholders to implement processes to support embedding of FLOD (First Line of Defence) roles and responsibilities, including being involved in change initiatives
- Guidance and support to the other Finance teams on a wide range of issues
- Collaboration with the Finance Management team to understand the risks involved and support the Assurance Reviews accordingly to ensure there is coverage of key controls
- Background in Finance preferred with financial reporting experience
- Detailed understanding of MAS Regulations
- Highly comfortable with working on large data sets
- Understanding of the relevant internal risk management framework, including operational risk policies, SOX framework and knowledge of regulatory environment in the financial services sector
- Ability to provide structure and solutions to problematic areas, to challenge information presented, providing explanations to ensure that agreement is reached by both parties
- Ability to multitask and manage various stakeholders as well as competing deadlines
To be considered for this role, the relevant rights to work in Singapore is required. You'll achieve more when you join HSBC. www.hsbc.com/careers
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Issued by The Hongkong and Shanghai Banking Corporation Limited.