CAREER SUMMARY A highly motivated Controller with more than 10 years of work experience in the banking industry. I have held roles in boutique investment and private banks, as well as wholesale banks, namely in Operations, Product Control, Financial Reporting functions. Each role has given me a broad but clear view of operational risk and internal procedures, which are vital in resolving process issues. I endeavour to utilize my strong communication abilities and analytical skills to collectively search for solutions, to be an asset for my prospective employers and organizations.
Hi, I’m
Amy Xu
Summary
Overview
21
years of professional experience
Work History
Mizuho Securities
Finance Manager
08.2023 - Current
Job overview
- Created organizational structures to improve accounting and finance functions.
- Supported operations management, daily regulatory ratio and controls
- Revamp and recreate new processes by adding on control on legacy exiting controls
- Prepare HO quarterly reporting and month end reporting
- Prepare financial reporting
Standard Chartered Singapore
Manager
01.2019 - 08.2023
Job overview
- 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
- Also liaised with the external auditor (EY) to address and resolve audit queries and issues - Review and proof-read financial statements for alignment with Group proforma and IFRS - Review quarterly and annual Group reporting packs prepared by the offshore team, through variance analysis reviews - Pre and post go-live checks for project (such as transfer of balances between SCB banking entities) to ensure all accounting entries are correctly captured - Oversee intercompany reconciliation process – SCB Singapore Branch and SCB Singapore Limited - Preparation of recharge settlement invoices for billing to other SCB entities - Substantiated balances through involvement in the monthly balance sheet substantiation process - End-to-end management of the financial statement publication process on local newspapers - Capital injection on deals - Automation for annual financial statement - ACUDBU – involvement
- 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 - Led 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 to be rebooked into DBU book due to new MAS requirement
- Built new working files to ensure minimum manual intervention and implement control checks to half manual workload - Fully liquidated an SCB legacy entity
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
Standard Chartered Singapore
Controller
01.2018 - 12.2018
Job overview
- Control Credit
- Responsible for performing and providing supervisory oversee process which are performed by our offshore team: - Daily Profit & Loss reporting and all associated analytical review and commentary analysis
- Month end reconciliations between various TP systems and the ledger - Identification and implementation of new reconciliation to have more control on current process - Deploying the existing process to offshore (Ongoing) - Contact point for COO request and Deal team (Front office) - Work closely with Business Finance and Country Finance, for all month end queries and investigations - Ensure correct accounting treatment for the deal structure in accordance with group financial accounting policy and management reporting principles - Month end reconciliation between Trading Process systems and Ledger - Weekly Forecasting revenue to COO - Sapphire Project UAT; setup books to ensure and ensure trades flow into UAT is reflecting correctly before it goes live
- INTERNAL
- Accomplishments - Rework existing processes with enhance control and clearing up the legacy breaks and Transfer to Chennai
Standard Chartered Singapore
Controller
03.2017 - 01.2018
Job overview
- Product Control, Rates - Identified breaks that are all investigated and fixed with the assistance of the relevant front and back office IT teams - Provide P&L analysis and validation with insightful market-driven and risks-based commentary (attribute to market moves, new businesses, provisions, and other influences) for material movements or significant discrepancies against traders’ expectation - Monthly P&L sign-off - Liaise and build a good working relationship with traders, middle office, operations, financial accounting, and other departments within the bank to resolve issues - Daily Management reporting
Credit Suisse, AG
Trade Validation and Control, Controller
01.2014 - 01.2017
Job overview
- 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 - Collaborates well with Auditors, Ops risk, IT, Front office, Settlement, Product Control & Project Business
- Analyst 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
Credit Suisse, AG
Product Controller
03.2012 - 03.2014
Job overview
- Daily P&L production for trading desks (including clean P&L) for APAC and offshore entities - Investigate and resolve of general ledger breaks through journal entry postings and open position adjustments - 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
Credit Suisse, AG
Change Product Control, Controller
05.2010 - 05.2012
Job overview
- 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
- INTERNAL
- Accomplishment - 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
Dexia Banque Internationale
Central
08.2009 - 05.2010
Job overview
- Reviewed and validated FX, MM, CLS IRS, Bonds trades to ensure accuracy and relevance - Check and Prepare Cash Management Report to Traders - Performed Check on Daily Nostro reports/Reconciliation reports control - Assisted and provided explanations to Auditors on their queries and request
Bank Sarasin Rabo (Asia) Limited
06.2007 - 08.2009
Job overview
- Structure Securities, Private Banking - Performed check using Internal Term sheet and Clients term sheet
- Reviewed and validated trades booking for structured securities - Performed checks and carried out investigation for discrepancy trades - Assisted and provided explanations to external & internal Auditors on their queries and requests
United Overseas Bank, UOB
Treasury
12.2003 - 06.2007
Job overview
- Settlement - Prepared balancing for daily lending and borrowing fund report to respective traders - Prepared Meps and Swift payment and fund Transfer - Prepared Fortnightly and Weekly Statutory Reporting (MAS) - Ensure trades booking correct - Monitor daily balances for traders for in order for them to prepare for their daily end day funding - Investigate breaks and call banks for counterparty bank for funds
HSBC, National Operation Centre
12.2002 - 07.2003
Job overview
- Performed Hire purchase, Personal Loan, Credit Card and Corporate Card application processing to ensure all applications meet the requirements
Education
Singapore Management University
Professional Certificate in Financial Market Operations
University Overview
Singapore Human Resource Institution
Diploma from Banking and Finance
University Overview
Skills
PROFESSIONAL SKILLSundefined
Timeline
Finance Manager
Mizuho Securities
08.2023 - Current
Manager
Standard Chartered Singapore
01.2019 - 08.2023
Controller
Standard Chartered Singapore
01.2018 - 12.2018
Controller
Standard Chartered Singapore
03.2017 - 01.2018
Trade Validation and Control, Controller
Credit Suisse, AG
01.2014 - 01.2017
Product Controller
Credit Suisse, AG
03.2012 - 03.2014
Change Product Control, Controller
Credit Suisse, AG
05.2010 - 05.2012
Central
Dexia Banque Internationale
08.2009 - 05.2010
Bank Sarasin Rabo (Asia) Limited
06.2007 - 08.2009
Treasury
United Overseas Bank, UOB
12.2003 - 06.2007
HSBC, National Operation Centre
12.2002 - 07.2003
Singapore Management University
Professional Certificate in Financial Market Operations
1 2013
Singapore Human Resource Institution
Diploma from Banking and Finance
1 2011
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