Job Openings at SBM Bank

Job Purpose:

Reporting to the Group Financial Controller, this position will be accountable for timely preparation of management accounts, assisting in consolidation of Group management accounts, assisting in the audit process and for performing tax computations and preparation of financial statements on an
individual and consolidated basis. 

Key Responsibilities:

• Prepare financial statements including quarterly and annual accounts in accordance with IFRS and any other applicable local laws
• Ensure that financial records are maintained in compliance with the laws
• Prepare and submit financial reports and management accounts on a monthly basis within deadlines set
• Establish and monitor the implementation and maintenance of accounting control procedures
• Identify and resolve accounting discrepancies
• Assist in budgeting and forecasting activities
• Perform tax computations and assist in resolving taxation issues with the tax advisor
• Assist in financial audit preparation and coordinate the audit process
• Perform analysis of revenues and expenses
• Provide updated information to Management on investments made and a brief on the financial position and performance of the investee companies
• Review overseas operations reports and liaise with overseas teams to ensure timely receipt of information for consolidation purposes
• Assist in the preparation of the consolidated management accounts
• Assist in the preparation of audit committee slides and Board Pack

Qualifications, Experience & Skills:

• Degree in Accounting/Banking/Finance-related fields and/or partly qualified in Financial Professional field
• At least 3 years relevant experience
• Experience in financial/auditing field will be an advantage
• Experience in preparation of financial statements
• Knowledge of: – International Financial Reporting Standards; and – Applicable laws, codes and regulations
• Excellent analytical skills with attention to detail
• Good reporting, communication and interpersonal skills
• Ability to work under pressure and meet tight deadlines
• Ability to be self-driven as well as a team player
• Good leadership skills
• Reporting to the Group Financial Controller, this position will be accountable for timely preparation of management accounts, assisting in consolidation
• of Group management accounts, assisting in the audit process and for performing tax computations and preparation of financial statements on an individual and consolidated basis.

Closing Date: 6th September 2022.

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Job Purpose:

Reporting to the Chief Risk Officer, the Analyst – Market Risk will be responsible to provide risk oversight of the activities undertaken by the Financial Markets Division while ensuring adherence to the Bank’s policies, procedures and prudential limits in accordance with regulatory guidelines.

Key Responsibilities:

• Proactively identify and address risk issues and weaknesses in existing policies and procedures and recommend improvements
• Independently monitor risk exposures and ensure market risk positions are within prudential limits and regulatory limits
• Perform daily computation of FX VaR and monitoring of the portfolio performance
• Monitor and analyse the ALM and market risk metrics (including but not limited to liquidity gap, interest rate gap, duration, EaR, VaR)
• Run scenario and stress testing analysis
• Build quantitative tools and models as needed to provide effective analysis of the market risk
• Be up to date with global macro events across asset classes - FX, Bonds, Money Markets and Commodities as well as show understanding of the effects of these events to explain market volatility and impact on P&L
• Report on the evolution of the Bank’s market and liquidity risk exposures and performance
• Participate in any adhoc tasks as delegated by the Chief Risk Officer and/or Senior Management Team pertaining to Risk Management

Qualifications, Experience & Skills:

• Bachelor degree in any related field with emphasis on mathematical / analytical techniques
• At least 1 year of experience within Risk Management or Financial Markets or Treasury or ALM functions
• Previous work experience in Operational Risk and/or Audit, Compliance, or other control functions in the financial industry will constitute an advantage
• Sound understanding of a holistic enterprise wise risk framework
• Sound understanding of governance around Operational Risk Management including a practical understanding of the ‘three lines of defence’ Model
• Ability to interact with all functions and levels of staff, including senior management
• Excellent communication, interpersonal and reporting skills
• Ability to solve problems independently, to show flexibility and to act proactively

Closing Date: 11th September 2022.