Manager, Accounting Policy team

Responsibilities:

• Provide advices on accounting standards and other rules/regulations which have impact on financial reporting/disclosure
• Support on annual and interim statutory reporting
• Deal with internal and external auditors in respect of system audit and statutory audit
• Resolve accounting issues with internal departments / group entities
• Devise accounting treatment for new products of the Bank
• Conduct post-launch review of accounting entries for new products of the Bank
• Keep update of the accounting policies and guidelines
• Review hedge accounting documentation and accounting treatment
• Review lease calculation and accounting treatment under HKFRS 16
• Review the application for use of fair value option and FVOCI election under HKFRS 9
• Review the evaluation for sale of financial assets within Held to Collect business model and the assessment of SPPI Test under HKFRS 9
• Keep update of the guideline on valuation of financial instruments and conduct credit valuation adjustment assessment
• Provide an update on FRS and Disclosures and review Practice Note issued by HKICPA in relation to the auditors’ reporting responsibilities under Banking Ordinance on bi-monthly basis
• Participate / coordinate accounting related projects
• Balance strengthening of the necessary controls and streamlining of operation procedures

Requirements:

• Preferably university graduate in Accounting or Finance
• Qualified accountant / HKICPA or equivalent preferred
• Over 3 years’ experience in banking / accounting / auditing
• Good experience in devising accounting treatment and resolving accounting issues;
• Sound knowledge in banking operations and accounting standards;
• Good understanding of relevant Group policies, procedures, practices and rules;
• A team player with good communication skills and risk awareness
• Good command of both spoken and written English and Chinese, fluency in Mandarin is preferable.