DBS Bank Ltd
Assistant Vice President / Senior Associate, Specialist, Financial Reporting & Accounting (Expected Credit Loss), Group Finance
Business Function
Group Finance aims to deliver world-class standards in reporting, financial planning and finance processes. We provide insights and analyses that help the bank make sound business decisions – whether in the areas of product development or customer profitability. We also provide capital management, business planning, forecasting, and tax and accounting advisory services.
The bank is also a certified Accredited Training Organisation (ATO) for the Singapore Qualification Programme by the 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 with overseas colleagues
- Participate in ECL related projects and liaison 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 (Accounting/Banking & Finance). 6 to 8 years of audit/financial reporting/capital reporting experience
- Experience in finance or credit risk management in banking preferred
- Good knowledge and understanding of accounting. Good analytical skills.
- Good communication skills. Strong collaborator and team player
- Meticulous. Able to work independently. Possess a positive learning attitude.
Location:
DBS Asia CentralJob:
Finance.Schedule:
RegularEmployee Status:
Full time
