Job description
Business: Global Finance Centre – SPST Finance Change Delivery
Open positions: 1
Role Title: AVP – Finance Change Delivery GSC's
Global Career Band: 5
Location (Country / City ): Chennai/Hyderabad/Gurugram
Recruiter Name : Kiran
Why join us?
- Stress testing is a vital component in assessing the bank’s vulnerabilities, determining capital adequacy and thereby the resilience of the bank through improved risk and capital management. The role holder will have the responsibility for maintaining processes within the bank.
- Change Delivery drives the BAU projects and any transformation opportunities from inception through to benefits realization for both internal customers and regulators, including the PRA, FRB, HKMA and EBA.
- Significant changes will be required in the Operational Model (Organization & Governance, process and systems) across a number of work streams to deliver these stages.
The Opportunity:
- Role holder is required to carry out business analysis and functional testing activities for CaRT and TM1 (GST Instance) application used for Stress Testing
BAU Change Support –
- The Stress Testing’s CaRT Change Program supports the Consolidation of Group and local stress testing and actuals results across Finance and Risk. The Program aims to provide solutions across process, systems and people to the stakeholders across a wider set of functions in Risk and Finance – central stress testing teams, Wholesale Risk, Retail Risk, Regulatory Reporting, Insurance Risk, etc.that will allow user hand-offs to be automated, as well as providing reports on the monitoring of operational timelines.
- The GST instances of TM1 supports the execution of the Balance Sheet Projections (BSPs) and Fees and Commissions Core Processes for the Bank of England Stress Test.The system is responsible for loading the required Actuals and Projection data from source systems, Group Reporting Centre (GRC), Saracen and Operational Planning (OPPL) and presenting them on the format as defined by PRA Data Model. The instances facilitate the Stress projections either through manual input by the Global Businesses within each region, or through System built Models or Logic. All data is submitted to the Consolidation and Reporting Tool (CaRT). Data in CaRT is final and submitted to the PRA via the related templates. The Finance Change Delivery (FCD) Team that supports the GST instances of TM1 are responsible for ensuring the BAU processes for the execution of the Stress Test are functioning as expected. The FCD team also provides support to the GB regions during the execution phase itself.
The incumbent is required to:
- Understanding of stress testing and regulatory reporting requirements in order to ensure the system being developed meet the business requirements.
- Review various system outputs, complete data gap analysis & impact assessments, and provide business insight & guidance to support UAT testers and business stakeholders during UAT and data validation phases of the core releases.
- Understand core issues that affect the application from both a technical and business perspective and propose solutions to remediate these issues.
What you’ll do:
Principal Accountabilities: Key activities and decision making areas
Impact on the Business:
- Understand and interpret the data calculations and validation within the systems, troubleshooting user’s issues related to system usage and data quality
- Understands CaRT and Basel framework i.e. Process (Technical solution), Regulatory requirements for data purposes & Systems.
- Delivery of milestones within plan.
- Robust documentation of change plans with clear rationale for decisions taken
- Quick and effective resolution of issues and conflicting priorities using a RACI model to ensure that relevant stakeholders are engaged in decision making
- Robust programme governance documentation and tracking/ resolution of dependencies, risks, issues
- Effective participation in Working groups and steering committees
- Stakeholder communication plans in place and delivered against
Customers / Stakeholders
- Understand stakeholders’ needs, identifying and implementing improvements in a continuous manner from a system & data standpoint
Leadership & Teamwork
- Effective communication within the team and with business partners
- Take accountability and ownership of the tasks and responsibility assigned
- Develop a culture of continuous innovation, challenge the business on approach and apply knowledge of relevant latest developments.
- Commit to learning and development with a focus on key areas such as standard methodologies.
- Promote the Group’s Values and strategy by driving team engagement e.g. through timely communication.
- Line Management feedback completion of activities and tracking of status during project lifecycle
- Feedback from key Finance stakeholders
- Feedback from team
- Recognition of value added to the business
Operational Effectiveness & Control
- Ensures adequate controls are in place, documented and evidenced by the team
- Take accountability for ensuring change / implementation in compliance with Group Standards and Regulations
- Communications are clear, documents are of a high quality
Typical Targets and Measures
- Incorporation of project management standards such as PRINCE2 and BTF, i.e. compliance with project lifecycle methodology
- Project scope is defined and scope changes are controlled (change plans are detailed and critical paths/dependencies are evident)
- Plan effectively around delivery constraints and optimize the plan to maximize benefits and minimize risk
- Reporting is provided weekly/monthly
- Proactively monitor project execution to effectively identify and report risks / issues / dependencies as they arise throughout the project lifecycle
- Completion of all project deliverables within agreed upon timeframes and budget
Requirements
What you will need to succeed in the role:
- Minimum of a Bachelor’s degree
- Relevant professional qualification desirable e.g. Prince 2, MSP, Prosci, APMG change management practitioner
- Proven and progressive experience in operating model design, process design, organisation development or change management roles within private sector businesses
- Proven experience in delivering complex, large scale change within a financial services environment and an appreciation of regulatory and compliance imperative
- Practical understanding of software development lifecycles and methods, including requirements definition and testing in both waterfall and Agile environments
- Proven leadership track record in dynamic environments, with the ability to support & direct large teams with diverse backgrounds and skill-sets, both locally and offshore and to maintain a global perspective
- Demonstrated excellent portfolio management skills and ability to develop project plans and manage complex projects which span organisation boundaries
- Strong management, decision-making, problem-solving, and interpersonal skills including the ability to listen to and influence stakeholders at all levels, and to build consensus among a wide range of internal and external customers with conflicting priorities
- Proven ability to provide expert leadership to continuously improve areas of practice.
What additional skills will be good to have?
- Understanding of processes and systems used in the stress testing process
- Experience in SPST Reporting requirements and SPST System teams
- Technical expertise of VB and Macros is preferable
- Exposure to Accounting, Financial Systems Support, Systems Development and Project Management.
- Excellent MS Excel skills
Link to Candidate User Guide:
(Or)
Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard
You’ll achieve more at HSBC
HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.”
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Recruiter name
Kiran .
Recruiter email
kiran@hsbc.co.in