Assistant Manager, Bank Reconciliation MY
Good understanding of business and banking operations and strong in stakeholder management. Performing the reconciliation and analysis on bankwide general ledgers assigned and review in depth on variances/unreconciled GL balances.
The objective of Manual Reconciliation is to monitor all month end balance for Other Assets, Liabilities and Shareholder's Fund. Transactions to these accounts are posted manually from ADI or one leg from system and the other from ADI. Since these accounts are not fully posted by the system, it needs to be monitored manually on monthly basis. i
The position is responsible for the following:
OperationsAttend to unnatural balance and unreconciled GL accounts with respective BU.Conduct review on variances/unreconciled GL balances on weekly/bi-weekly basis with respective L1 Recon PIC.Conducting close monitoring and reconciliation works on GL closing balances, MoM Variance Analysis.Close monitoring and immediate escalation on all outstanding items with respective BU for resolution, provide solutions, and support bankwide remediation programmes.Attend concall/discussion/meeting with Business Owner for better understanding on the end-to-end process and business operations.Co-ordinate the details required to Reconciliation - Monitoring & Contol pillar on any open items and resolutions progress to develop the dashboard monitoring reports.Work closely with the Reconciliation Chart of Account team to ensure the system GL set up with appropriate accounting treatment as per Business Units/Enablers' requirements.Review Write off/Write back proposal submit by Level 1, ensure amount to write off/write back are reconcile prior submission.Performed tasks assigned as per RCSA and CET compliance requirements.Attending to internal and external auditors.Other ad-hoc matters assigned.· 2. Analysis
Developing good analytics to provide operational insights to the operations of the bank and plan to verify the appropriateness of reconciliation prepared by L1 Recon PICs.Prepare and review all required reports and quality of resolution provided by action owner.Verify the resolution plan and targeted actions items provided by L1 Recon PIC by assessing the supporting information given.Carry on effective follow up actions to ensure the commitment in "Drive to Zero" initiative to reduce the long outstanding unresolved items in GL assigned. Job Specification: Qualifications
Degree in Accounting, Finance or Accounting Professional Qualification.Professional Qualification and/or Regulatory, Licensing requirements Relevant Work Experience
>3-5 years working experience in Banking Finance, Banking System and OperationsStrong in banking operations.Substantial skills in financial analysis in the past 3-5 years working experience. Required Competencies and Skills Technical Functional skills
Knowledge of Banking systems used example: Oracle system.Knowledge on various products and services offered in the industry, including the reporting rules and regulations in the domestic environment.Knowledge in reconciliation.Knowledge of the Accounting Standards and BNM Guidelines essentialPersonal skills (Soft Competencies [Core/Leadership])
Good motivator to the team to inspire them to produce the required results.Strong communication skills, required in guiding and assisting Business partners to reach outcome for both parties.Good reputation with business units network across the organization both locally and across the region.Builds strong culture of excellent service and growth opportunities for CIMB Group to attract and retain top talentsEmbark with continuous improvement mindset, always look for opportunity to improve existing process.