Job Description

Job Category: Finance
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The position is responsible for the following:
Monitoring & Control

• Closely monitor all outstanding items submitted by Level 1 and Level 2 (L1 & L2) Operations and Analytics teams, ensuring immediate escalation, resolution support, and alignment with bankwide remediation programmes.
• Conduct monthly review on variances/unreconciled GL balances, analyzing daily and month-on-month fluctuations, validating L1 & L2 teams' submissions for escalation and resolution.
• Overseeing and provide troubleshooting support on open items raised by reconciliation teams, strengthening both L1 & L2 line-of-defence functions.
• Consolidate and validate inputs from L1 & L2 teams on open items and resolution progress, ensuring accuracy and completeness before incorporating into dashboard reports.
• Develop advanced analytical insights within reconciliation operations of the bank and design validation plans to assess the appropriateness of reconciliation prepared by Operations & Analytics members.
• Partner with Chart Of Account (COA) team to ensure system GL set up and accounting treatment meet Business Units/Enablers' requirements and conform to control standards
• Participate in discussions and committee review with Account Owner to gain end-to-end process and business operations understanding. Review reconciliation reports provided by Account Owners, and assess the adequacy and quality of action owners' resolution.
• Support the developments of robust reconciliation processes and control frameworks through strong analytical and control-focused capabilities.
• Review and maintain SOPs, policies, procedures, guiding principles in MYMC Dashboard.
• Other ad-hoc matters assigned.

Policy & Framework Review

• Review reconciliation-related accounting entries under MPAP, FSD, PST and other bankwide frameworks, ensuring accuracy, compliance, and alignment with approved accounting policies.
• Perform detailed reviews of reconciliation accounting entries across relevant MPAP, FSD, etc, ensuring completeness and control integrity.
• Ensure effective engagement with Operations and Analytics teams to obtain timely support on reconciliation matter.
• Work in partnership with COA team to ensure all DFF fields and security rules been preset during COA creation stage, consistent with approved documentations and governance requirements

Dashboard Preparation

• Prepare monthly MYMC Dashboard, perform month-on-month Balance Analysis (OA/OL), , consolidate the OA/OL Unnatural Balance Analysis and providing commentary on Red Item Amount and other assigned areas.
• Prepare and present management dashboard for monthly monitoring, highlighting reconciliation trends, issues and actionable insights for management decision
• Validate submission from L1 & L2 and incorporate into MYMC Dashboard
• Ensure MYMC dashboard is prepared accurately and delivered within defined SLA , with L1 & L2 teams providing timely support and data inputs.
• Drive consistency in reconciliation standards by guiding L1 & L2 team through structured knowledge transfer and alignment with Centre of Excellence "COE" practices in IARA
• Direct L1 & L2 teams in tracking, monitoring, and resolving open items, providing challenge and oversight to ensure alignmentin "Drive to ZERO".
• Lead process improvement initiative to streamline working file and enhance dashboard efficiency

Miscellenous Write Off and Write Back Exercise

• Review Write Off / Back ProposaIs submitted by BU/BE, ensuring completeness, accuracy and compliance with all regulatory and policy requirements.
• Prepare summary templates, memo and board paper with high accuracy and clarity, providing management with reliable information for decision making.
• Coordinate the approval process, ensuring all proposals are endorsed in accordance with GDA Policy and tracked through to final authorization.
• Inform relevant BU/BE on Misc Write Off Exercise proposal status, actively follow up till complete resolution.
• Any other new initiatives

Projects

• Drive automation on Manual Submission process and Tableau Project - Infra onwards.

Skills Required