VP, Financial Reporting

About the Role
The Group Reporting & Tax team is part of the Group Finance department and reports directly to the CFO. This position focuses on managing the requirements of the IFRS 9 project, providing exemplary financial reporting and support services. Key responsibilities include delivering independent and objective financial advice while ensuring compliance with Group policies, standards, and statutory obligations.

The Group Financial Reporting team is responsible for the Bank’s accounting and financial reporting, including the production of monthly, quarterly, and annual financial statements. The role involves engaging with various stakeholders and external auditors to meet audit requirements while handling the day-to-day tasks such as accounting, reporting analysis, financial disclosures, and compliance with country-specific IFRS 9 requirements.

Key Accountabilities

• Ensure a smooth month-end process including preparation and review of adjustments, reconciliations, an audit trail, adherence to schedule, data management, resolution of exceptions, and maintenance of a tracker for exceptional items.
• Ensure proper accounting under IFRS and related standards at the group level, including country-specific requirements and non-compliant entities.
• Perform reconciliations for derivatives, term borrowings, stage 3 numbers, expected credit loss (ECL) numbers, write-off/recovery numbers, and impairment numbers.
• Conduct variance analysis and provide commentary on variances in key balance sheet and P&L figures and ratios for the monthly financial reporting pack.
• Prepare critical disclosures in financial statements related to cash flow movements, derivatives, term borrowings, IFRS 9, and movements in provisions and impairment notes.
• Address queries raised by statutory and internal auditors.
• Assist in preparing quarterly and annual financial statements, including comparing accounting policies with industry practices and reviewing financial statements, investor presentations, and peers’ press releases.
• Provide technical and practical advice to resolve complex accounting issues that arise from new accounting standards and day-to-day events and transactions.
• Stay updated on technical developments relevant to new accounting standards to provide support for new accounting requirements and various ad hoc accounting advice.
• Assist with model development and validation including data extraction, pre-processing, modular model development, user acceptance testing, and model performance assessments.
• Help develop, manage, and implement all financial reporting and accounting matters within the bank to ensure alignment and compliance with external standards and internal policies.
• Participate in projects and new product requirements addressing financial reporting needs.
• Oversee regularization of audit adjustments for both the Group and its subsidiaries and branches.
• Understand country-specific requirements for IFRS 9 and assist in developing processes for accounting, reporting, and reconciliations.
• Provide support to overseas branches and subsidiaries with their accounting and IFRS requirements and resolve auditor queries.

Qualifications & Experience

• Qualified Professional (ACA / CFA) preferred or 5-8 years of experience in a Financial Reporting Function.
• Experience in accounting and reporting under IFRS related areas, audit, and reporting.
• Experience working with a Big 4 audit firm.
• Proven track record in developing financial and management information reporting while automating processes.
• Ability to operate effectively at various organizational levels and a willingness to adopt a hands-on approach to problem-solving.
• Proficient in understanding project plans and clearly articulating roles, goals, and timelines while adhering to defined project management plans.
• Strong relationship management skills are essential as the candidate will work closely with internal stakeholders to improve operational performance.