Job Description

:

Assist in technical accounting advisory, accounting interpretation and implementation of accounting requirements in accordance with accounting standards/ guidelines, and Group policies and procedures to ensure compliance across CIMB Group.

Key Responsibilities:

1. Provide value-add advisory on accounting treatments to various functions within CIMB Group to
ensure compliance and operational viability of their operating market.
2. Conduct impact assessment and gap analysis on new accounting standards/ pronouncement to the
financial, business strategy and operations of CIMB Group. Analyse industry practices and
recommend options or solutions that overcome adverse impact or optimise new opportunities.
3. Work collaboratively with other units within CIMB Group to guide or support the implementation of
new accounting requirements to ensure system solutioning, operating model, policy and governance
is updated accordingly and stays relevant. Provide training and change management on the new
accounting policy, where applicable.
4. Perform accounting interpretation and review accounting related matters across CIMB Group to
ensure existing accounting treatments such as fee/ interest income recognition, loan impairment,
goodwill assessment and corporate development strategies comply with applicable accounting
standards both locally and internationally, regulatory requirements of relevant jurisdictions in the
operating region.
5. Review new accounting/ regulatory pronouncement from accounting bodies/ relevant authorities and
engage internal stakeholders to solicit feedback for submission to relevant authorities.
6. Perform or support BAU activities relating to the application of MFRS9 impairment provisioning,
MFRS9 Classification and Measurement, MFRS15, MFRS16, annual goodwill impairment
assessment and etc for CIMB Group.
7. Support or lead ad-hoc initiatives (if any) within own team or Group Finance
8. Be a key part of the audit and reviews with internal/external auditors, BNM, finance division and top
management.

Others
9. Provide support and guide management, strategic business units (SBU) and countries stakeholders
on the methodology for expected credit losses (ECL), including review and update of accounting
standards/ policies relating to expected credit losses methodology, classification of impaired
accounts and asset quality.
10. Collaborate with Risk division and SBU to ensure adequacy of provisioning assessment framework
encompassing governance and process for the countries across CIMB Group.
11. Identify opportunities for process optimisation through simplification, standardization and
automation of structure and processes and manage the execution of the initiatives.
12. Enforce and maintain internal controls, and effectively manage the execution of risks mitigation
plans, when needed, to ensure reporting quality and integrity.

Key Requirements:

• Bachelor\'s Degree in Accounting/Finance
• ACCA/ MICPA/ CPA/ ICAEW/ MIA
• Minimum 4-5 years of experience with emphasis in technical accounting
• support, financial reporting or accounting standard/policy development in established financial institution or public accounting firm
• Strong knowledge of accounting standards (MFRS/ IFRS) and regulatory framework in financial services industry
• Accounting Standards, Concepts and Treatments (IFRS/ MFRS/ GAAP)
• Banking Products, Operations and Environment
• Regulatory Reporting Requirements and Guidelines in Different Jurisdictions in the Operating Region
• Financial and Data Analytical
• Financial Statements and Annual Reports
• MS Office (Excel, Powerpoint, Access and Basic Macro)
• Strategic planning
• Leadership capabilities
• Stakeholder management and collaboration
• Prioritization
• Communication
• Change management

**Only shortlisted candidates will be notified

CIMB