SVP, China Country Controller

At BNY, our culture empowers you to grow and succeed. As a leading global financial services company at the center of the world’s financial system we touch nearly 20% of the world’s investible assets. Every day around the globe, our 50,000+ employees bring the power of their perspective to the table to create solutions with our clients that benefit businesses, communities and people everywhere.    

We continue to be a leader in the industry, awarded as a top home for innovators and for creating an inclusive workplace. Through our unique ideas and talents, together we help make money work for the world. This is what #LifeAtBNY is all about.

We’re seeking a future team member for the role of China Country Controller to join our Finance team. This role is located in China (Shanghai) - Hybrid.

The Shanghai-based Banking Controller, reporting to the APAC Deputy Controller, is responsible for the financial accounting, oversight of the control environment, and regulatory, tax, and statutory reporting for the entities. This role requires a robust understanding of accounting standards (both local and US) to ensure the general ledger is complete, accurate, and reflects the proper application of GAAP & Corporate Accounting Policies (CAP). The role involves working closely with auditors over the reporting cycle and maintaining relationships with relevant management committees, providing advice on regulatory and accounting matters, proactive insight into issues, and ensuring financial analysis needs are met. Additionally, the candidate will have the opportunity to present results to the relevant management committees.

The role also involves maintaining a robust control environment and providing control and oversight of the offshored accounting groups supporting their legal entities, with key delivery centres based in India in a global structure. The candidate needs to provide effective leadership and direction, particularly during periods of change, which includes setting individual and team goals and managing performance to those goals.

In this role, you’ll make an impact in the following ways:

Governance

• Represent Finance at management committee and other governance meetings
• Present legal entity financial information– principal focus will be statutory and regulatory reporting

Advisory

• Legal entity restructurings & business development (statutory/regulatory perspective)
• Impact of regulatory reporting changes
• Accounting impact of new business/products including the impact on regulatory liquidity and capital
• Controllers representative on projects impacting the country or region 
• Provision of guidance and implementation process for CAP/GAAP changes
• Working with the International and US based Tax Groups 

Reporting

• Review reporting (statutory accounts, board packs, regulatory returns, etc)
• Control and oversight of accounting flows, changes to processes, and reconciliations
• Regulatory reporting through a robust, transparent and well governed process
• Corporation tax and GST reporting leveraging an expert provider

Policy & Controls

• Maintain compliance with GAAP and CAP for US and local books.
• Oversight of control environment 
• SOX and audit compliance
• Audit process

Change

• Critically assess processes and drive incremental process improvements.
• Support change initiatives for the country and region where necessary

To be successful in this role, we’re seeking the following: 

• Experienced Finance specialist with a background in accounting and regulatory reporting
• Financial services experience 
• Risk management, controls and governance experience
• Project management and outsourcing experiences would be desirable 
• Effective leadership skills

Core Competencies:

• Strong communicator, bilingual in English and Mandarin, who can articulate key messages
• Sound decision making abilities and well as responsible and accountable
• Client orientated and results focused
• Able to manage risk in a highly regulated and controlled environment
• Strong control mindset
• Ability to collaborate across Finance and the wider organisation
• Able to work in a complex global organisation
• Motivated and proactive with a proven ability for problem solving

At BNY, our culture speaks for itself. Here’s a few of our awards: 

• America’s Most Innovative Companies, Fortune, 2024
• World’s Most Admired Companies, Fortune 2024
• Human Rights Campaign Foundation, Corporate Equality Index, 100% score, 2023-2024
• Best Places to Work for Disability Inclusion, Disability: IN – 100% score, 2023-2024
• “Most Just Companies”, Just Capital and CNBC, 2024
• Dow Jones Sustainability Indices, Top performing company for Sustainability, 2024
• Bloomberg’s Gender Equality Index (GEI), 2023

Our Benefits and Rewards:

BNY offers highly competitive compensation, benefits, and wellbeing programs rooted in a strong culture of excellence and our pay-for-performance philosophy. We provide access to flexible global resources and tools for your life’s journey. Focus on your health, foster your personal resilience, and reach your financial goals as a valued member of our team, along with generous paid leaves, including paid volunteer time, that can support you and your family through moments that matter. 

BNY is an Equal Employment Opportunity/Affirmative Action Employer - Underrepresented racial and ethnic groups/Females/Individuals with Disabilities/Protected Veterans.