Demo

Director, Financial Control, GCIB APAC

MUFG Bank, Ltd., Singapore Office
MI Full Time
POSTED ON 2/24/2025
AVAILABLE BEFORE 5/22/2025

Director, Financial Control, GCIB APAC

Apply locations : Singapore Office, Marina One, Melbourne Branch, Sydney Branch

Time type : Full time

Posted on : Posted Yesterday

Job requisition id : 10069026-WD

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

Purpose of the role :

We are seeking a highly skilled Financial Controller (Director Level) to lead the next phase in the development of the financial control function of our Regional Corporate and Institutional Banking division (GCIB APAC).

Supporting the CFO of Global Corporate & Institutional Banking APAC (GCIB APAC) and broader Financial Planning Team, this position will assume leadership and accountability for Financial Control for GCIB in APAC.

Within GCIB, Financial Control relates to ensuring the integrity, accuracy, timeliness, and compliance of GCIB APAC’s management reporting. As a result, this role will be integrally involved with Head Office, Branch and Subsidiary accounting, risk and treasury functions to ensure that all underlying financial transactions are properly recorded and that our reporting complies with the Bank’s accounting and regulatory standards (e.g. GAAP and IFRS). As part of this remit, the role will assume day-to-day management responsibility for all financial data, including relevant data sourcing from Bank ERP systems and bespoke databases / data warehouses.

An important part of this role going forward is to lead a full review of the current financial close process and to lead an initiative to significantly improve it, including potential recommendations to move to an enterprise reporting platform.

Job Responsibilities :

  • Financial Reporting & Compliance :

Ensure completeness, accuracy, and timeliness of all financial management reporting in compliance with Bank policy and standards (IFRS / GAAP).

  • Ensure accurate financial consolidation of all bank entities, providing clear, actionable insights on the consolidated financial performance of GCIB across all key business drivers (Balances, Margins, Fees and Costs).
  • Liaise with FP&A Team to ensure forecasting models contain correct historical information to ensure reliable projections.
  • Provide variance analysis of actual performance against budget and forecasts, identifying trends and providing actionable insights to senior leadership.
  • Oversee the Financial Planning operational risk assessments and any internal financial audits and ensure full compliance with internal controls and regulatory requirements.
  • Coordinate with internal auditors to facilitate the audit process, responding to audit queries and implementing recommendations.
  • Governance and Control :
  • Lead the development and implementation of a robust set of control frameworks governing performance measurement, revenue recognition and attribution, transfer pricing, credit cost and capital charge recognition and fixed and operational expenses.

  • Oversee the implementation and effectiveness of internal controls to ensure GCIB is in compliance with Bank regulatory standards.
  • Proactively review and challenge the Bank's financial policies and procedures to reflect evolving regulatory standards and best practices in financial governance.
  • Act as the point of contact for Central Planning Division, Planning Office for Asia, GCIB Planning Division and any regulatory authorities, providing required information and ensuring that financial reporting meets the expectations of the relevant regulators.
  • Financial Close & Operational Efficiency :
  • Oversee the monthly and quarterly closing processes, ensuring that all financial transactions are accurately recorded and reconciled.

  • Lead efforts to streamline the financial close process, identifying opportunities for operational efficiency.
  • Support the continuous development / re-engineering of the current tasks performed by the financial control team.
  • Ensure that financial systems (e.g. T24, Smyle, OVS) and processes are operating efficiently and effectively.
  • Leadership and Team Development :
  • Lead and develop a high-performing financial control team, fostering a culture of excellence, collaboration, and accountability.

  • Provide mentorship and guidance to direct reports, supporting career development.
  • Work with other finance teams to ensure financial data is aligned and supports both strategic decision-making and regulatory requirements.
  • Stakeholder Management & Advisory :
  • Partner with senior leaders, including the CFO and other department heads, to provide financial expertise in decision-making.

  • Serve as a trusted advisor on technical accounting matters and provide guidance on complex issues.
  • Provide insights and recommendations to senior management on improving financial controls.
  • Risk Management & Strategic Initiatives :
  • Lead the identification and mitigation of financial reporting risks.

  • Act as a key participant in strategic projects, providing financial control insights.
  • Job Requirements : Experience :

  • Minimum 10 years of experience in financial control, accounting, or a similar finance function, with at least 5 years in a Director-level role within a bank or financial institution.
  • Experience in financial reporting (IFRS, GAAP) and regulatory compliance in the banking sector.
  • Proven track record of managing financial audits and internal controls in a large, multi-entity financial institution.
  • Experience in process improvement with the ability to identify inefficiencies.
  • Experience leading cross-functional teams and working collaboratively with senior management.
  • Familiarity with banking regulations, including Basel III, MiFID II, and Dodd-Frank.
  • Experience with financial systems and reporting software.
  • Skills :

  • Attention to detail, strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Exceptional leadership and team management abilities.
  • Proficiency in Microsoft Excel and other financial modeling tools.
  • Strong project management skills.
  • Education :

  • Bachelor's degree in Accounting, Finance, or a similar field.
  • Professional accounting qualification (e.g., C.A, ACCA, CPA, CIMA, or ACA) is required.
  • Master's degree in Business Administration (MBA) or a related field would be an added advantage.
  • Mitsubishi UFJ Financial Group (MUFG) is an equal opportunity employer. We view our employees as our key assets as they are fundamental to our long-term growth and success. MUFG is committed to hiring based on merit and organizational fit, regardless of race, religion or gender.

    About US

    At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. We are excited to see you take the next step in exploring a career with us!

    J-18808-Ljbffr

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Director, Financial Control, GCIB APAC?

    Sign up to receive alerts about other jobs on the Director, Financial Control, GCIB APAC career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $183,855 - $273,017
    Income Estimation: 
    $266,435 - $399,322
    Income Estimation: 
    $170,487 - $238,473
    Income Estimation: 
    $247,167 - $377,341
    Income Estimation: 
    $199,583 - $277,090
    Income Estimation: 
    $262,423 - $372,925
    Income Estimation: 
    $134,789 - $172,032
    Income Estimation: 
    $173,091 - $215,978
    Income Estimation: 
    $134,957 - $181,652
    Income Estimation: 
    $170,487 - $238,473
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at MUFG Bank, Ltd., Singapore Office

    MUFG Bank, Ltd., Singapore Office
    Hired Organization Address MI Full Time
    Director, Project Management Office Apply locations Singapore Office OCC time type Full time posted on Posted 2 Days Ago...

    Not the job you're looking for? Here are some other Director, Financial Control, GCIB APAC jobs in the MI area that may be a better fit.

    Director, Financial Control, GCIB APAC (Job ID: 10069026)

    MUFG BANK, LTD. SINGAPORE BRANCH, MI

    AI Assistant is available now!

    Feel free to start your new journey!