Nicholas QIN

Lead the month-end and quarter-end closing process for the Wealth Management finance team, ensuring accurate and timely financial reporting.

Oversee journal entries, account reconciliations, and financial adjustments related to Wealth Management revenue streams.

Track and analyze KPIs such as AUM growth, net new assets, client retention, and fee income trends to support strategic decision-making.

Perform monthly financial statement variance analysis, identifying key drivers behind revenue fluctuations, expense trends, and margin changes.

Oversee the billing process for all Wealth Management advisors, ensuring accurate and timely invoicing for client fees, advisory services, and product sales.

Ensure revenue calculations are aligned with contractual agreements, advisor compensation plans, and regulatory standards.

Lead the calculation of actual commission earnings and accruals for all Wealth Management advisors, ensuring accuracy and timely processing.

Analyze performance-based and tiered commission structures, ensuring proper tracking of advisor payouts and incentive programs.

Lead the preparation and review of financial statements for company-managed funds, ensuring accuracy, transparency, and compliance with IFRS and regulatory standards.

Collaborate with fund administrators, auditors, and regulatory bodies to ensure proper valuation, reporting, and disclosures of fund assets and liabilities.

Analyze fund performance, NAV calculations, expense allocations, and fee structures to ensure alignment with investment objectives.

• Led a team of five managing 30+ quarterly deliverables for the head office's regulatory reporting, including Balance Sheet/Income Statement Variance Analysis, IFRS9 FV/CV calculations, IFRS16 schedules, Management Tax, and Impaired Loans calculations
• Reviewed monthly Wealth Management collateralized loan obligation accounting packs and related consolidation entries, provided accounting guidance to the new launched CLO financial consolidation process
• Drive the integration of HSBC financials into the RBC framework, significantly advancing the consolidation process and ensuring seamless transition
• Prepared Quarterly Financial Assurance Review deck and presented the financial results and audit issues to the SVP/VP of Wealth Management Finance in the quarterly assurance review meeting
• Collaborated with a cross-functional team for annual capital and operating budgets, improving forecasting accuracy
• Developed and maintained strong relationships with internal/external auditors, facilitating smooth audits and ensuring timely resolution of audit findings
• Stayed abreast of regulatory changes and accounting standards to ensure compliance and strategic adaption

• Coordinated and led 100+ SOX walkthrough, testing, and identification of financial control gaps, reviewed and updated risks and control matrices across multiple segments (Capital Market, Head Office Finance, Wealth) of one of the central banks in Canada, and ensured control documentation was completed promptly
• Assisted in project onboarding, collaborating closely with seniors and managers
• Identified risk scenarios, assessed inherent and residual risks, gathered business requirements, and conducted stakeholder analysis using enterprise requirement methodology to prepare Business Requirement Documents (BRD)
• Set up Microsoft SQL database in Blue Prism platform to combine an average of 70+ daily requests in different Excel documents to one master template, saved 0.8 FTE (Full Time Employee) from combining all the Excel files manually

• Computed 10+ Net Asset Value (NAV) calculations timely with error-free, reduced 20% review time due to high performance, accurately recorded monthly capital activities, such as Capital calls & Distributions
• Ensured accurate booking of fund income and expenses, including management and incentive fees, for over 500 transactions monthly, in strict adherence to GAAP
• Contributed to adjusting entries and offered prompt, detailed explanations to clients, maintaining a 98% accuracy rate

• Created and automated master reporting template to consolidate fee calculation reports of 60+ traders, allowing internal and external users to compare fund packages within one cohesive document
• Reviewed daily cash reconciliation, including invoice verification and capital bookings for multi-billion-dollar hedge funds prepared by juniors
• Created a reconciliation spreadsheet for efficient discrepancy analysis, enhancing error resolution and accountability
• Resulted in a productivity increase, saving over 5 person-hours per team member