Amy Xu

• Daily Regulatory Reporting preparation on ratios and movements explanation.
• Executed vendor setup and payment, administration of bank accounts and account reconciliations.
• Annual financial statements
• Monthly and Quarterly reporting to group and internal controls checking

Accomplishment cleaning up legacy internal breaks and nostro breaks

• Country Finance, Financial Reporting - Oversee Singapore-Hub recharge settlement process which is performed by the offshore team (Chennai)
• Preparation of year-end and half-year financial statements and disclosures
• Work closely with external auditor (EY) to address and resolve audit queries
• Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
• Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
• Mentored junior finance staff, fostering professional development and strong team dynamics.
• Trained new and existing staff members in various financial procedures to prepare for job requirements.

Accomplishments:

• Streamlined legacy recharge allocation process – redesigned the workflow to enhance the accuracy of computation and reduced time spent from 2.5 hours to an hour
• Financial statement publication cost savings – revamped publication to align with new MAS requirements; designed new publication format, resulting in a 90% reduction in cost
• Lead the financial reporting team on annual financial statement automation – improved accuracy and efficiency by removing manual interventions, saving an estimated 2 hours daily
• Streamlined the manual process for financial group charges
• Built new working files to ensure minimum manual intervention and implement control checks
• Fully liquidated an SCB legacy entity

Credit & Rates

• Responsible for performing and providing supervisory oversee process which are performed by our offshore team
• Month end reconciliations control checks and PL signoff
• Identification and implementation of new reconciliation to have strong internal controls
• Streamlined communication among team members with regular progress reports and updates on key performance indicators.

Accomplishments:

• Rework existing processes with enhance control and clearing up the legacy breaks and Transfer to Chennai

• Oversee and manages a team of 7 staff in Pune in Internal Validation and FOBO Reconciliation Teams and
• Processes - Verify control standards, ensuring indicator stay relevant and streamlining workflow to create more efficiency process
• Assist colleagues on their queries and requests - Assign pass or fail status for UAT testing on any new system enhancement

Accomplishments:

• Deployed operations processes from other regions and ensure smoothly transitions
• Process enhancement for all existing processes and legacy clean up, and control check
• Implement system enhancement to increase the efficiency of the daily process

• Daily P&L production for trading desks (including clean P&L) for APAC and offshore entities
• Identification of BOBO workflow which currently PC is doing and effectively deploys out to correct department
• Conduct training and support any process gaps to intern or contract staff
• Independently supervised FOBO trade & cash reconciliation team
• Provide thorough explanations to internal & external Auditors and Ops risk colleagues on their queries and requests
• Perform UAT testing on system if any new system enhancement launch

Accomplishment:

• Spartan Award Recipient for Rework the working file and reduced workload from 11hours of workload to 4 hours

• Effectively managed a team of two people and have taken on three roles due to team restructuring
• Effectively reduce workload of the multiple roles from 16 hours to 11 hours through collaboration with other departments and identification of time wastage in the process flow
• Diligently perform an initial assessment of the issues or workflow prior to meetings with stakeholders and clients - Provide thorough explanations to Auditors and Ops risk colleagues on their queries and requests with regards to the FOBOs performed
• Actively engaged in Operational Excellence Green Belt projects, aimed at streamlining and adding controls to current business processes

Accomplishments:

• Cost reduction by decommissioning existing system reconciliation tool and manual processes by leveraging on in house IT script report
• Reduce 16 hours of workload to 11 hours of workload

• Reviewed and validated FX, MM, CLS IRS, Bonds trades to ensure accuracy and relevance
• Prepare daily cash management functions, including reconciling sales reports, managing petty cash, banks cashflow activities for trader funding purposes.

• Reduced discrepancies by reviewing and validating trades booking for structured securities
• Performed checks and carried out investigation for discrepancy trades

• Kept up-to-date with industry regulations and changes, ensuring continuous compliance in all settlement activities.
• Reduced errors in settlement documents by implementing a thorough review process before final submission.
• Managed high-volume caseloads, prioritizing tasks to meet tight deadlines and maintaining attention to detail.