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Senior/ Principal Compliance Manager (Financial Reporting Surveillance Department)

Careers@Gov
Agency: Accountant-General's Department
Job no.: 534905
Work type: Permanent
Location: Singapore
Categories:Accounting, Audit, Finance

Accountant-General’s Department (AGD) is the lead government agency which provides financial and accounting services to our Singapore Public Service. Our wide-ranging roles include:

  • Formulating Accounting, Financial and Reserves Policies
  • Setting Accounting Standards, Policies and Practices
  • Developing and Managing Government Accounting Systems
  • Preparing Government Financial Statements
  • Conducting Value-For-Money Reviews
  • Conducting Internal Audits
  • Monitoring Financial Returns and Borrowings
  • Managing Government’s Cashflows

The work we do at AGD is diverse, challenging and enriching. You will gain valuable insights and new perspectives through our inter-agency work as we promote innovation and transformation. We will also provide you with opportunities to grow professionally, stretch your potential and hone your leadership skills.

You will be appointed by the Accountant-General’s Department and be posted to a Statutory Board in the first instance. As a member of the Financial Reporting Surveillance Department, your responsibilities include the following:

  • Investigate potential non-compliance with accounting standards in the financial statements of listed companies:
    • Monitor news relating to or announcements of listed companies;
    • Perform desktop review of selected financial statements and announcements;
    • Together with more experienced officer, identify potential material non-compliance with the Singapore Financial Reporting Standards (SFRS) and the Companies Act;
    • Conduct meetings with directors of listed companies to discuss concerns;
    • Draft enquiry letters to directors to gather the fact pattern and supporting documents;
    • Assess directors' responses and supporting documents. Evaluate and form a view on whether there is a material non-compliance with accounting standards;
    • Prepare documents and moderate discussion by accounting panel(s), comprising highly experienced practitioners, directors and other stakeholders in Singapore on the non-compliance(s) with accounting standards;
    • For valuation related issues, prepare documents and moderate discussion by a valuation panel, comprising highly experienced valuers in Singapore;
    • Where needed, take statements of directors, CFOs and audit partners for investigation purposes;
    • Coordinate enforcement action or collaborate with other agencies for joint investigations.
  • Develop policies and work with stakeholders to improve the quality of financial reporting in Singapore:
    • Monitor accounting and related regulatory developments globally and consider their impact to Singapore;
    • Drive or provide inputs on proposed changes to financial reporting and audit requirements in Companies Act, Listing Rules and other regulations;
    • Work with stakeholders to assist company directors in discharging their financial reporting related duties and improve the quality of financial reporting;
    • Analyse common non-compliances with accounting standards and assess how to address them more effectively in the eco-system.
  • Adopt design thinking, data analytics and leverage on technology (e.g. robotic process automation) to continually improve risk-based selection and streamline our work processes. Training and support will be provided.

Requirements

  • Tertiary qualification, preferably in Accountancy
  • At least 5 years of experience in accounting, special audit work, valuation or investigation. Forensic experience will be advantageous
  • Have the passion to improve the quality of financial reporting in Singapore
  • Good knowledge of accounting standards and if not available, keen to acquire it. Training and support will be provided
  • Have an eye for detail, as well as a questioning and analytical mind
  • Strong written and communication skills

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