HSBC Group

The role will coordinate Asset Management Finance activities in Mexico performing a key role supporting the business and Finance. The role will be responsible for month-end financial reporting, review and planning playing a critical part ensuring timely and accurate financial reporting, control, review, and analysis. It will also support activities including, but not limited to products reviews, financial analysis, project management, finance initiatives, transformation, and innovation.

·       Lead, execute and supervise accurate financials month-end process activities for HSBC Global Asset Management (Mexico) Inc. HSBC Global Asset Management (México), S.A. de C.V., Sociedad Operadora de Fondos de Inversión, Grupo Financiero HSBC, including review, cube reconciliations against general ledger and submissions of financials and non-financials.

·       Work closely with the accounting team to ensure proper support of revenue accruals and expense recoveries. Address inquiries for cash receipts and payments.

·       Prepare, lead and own responsibility of business forecasts and financial resource planning processes.

·       Sign-off SOX and regulatory financial reviews.

·       Manage financial operations, agreements, supervise accruals, fee calculations, receivables, payables, and cash activity.

·       Prepare, research, and timely analyze monthly P&L, variance reports against plan, forecast and prior periods.

·       Review and control of company’s balance sheet, capital, income statement, and cash flow activity.

·       Business analysis in support of initiatives, product profitability, product pricing, and similar financial analyses.

·       Administrate business agreements, monitoring affiliate transactions ensuring they are in line with existing PLA's, completing Delivery Services reconciliations and their periodic materiality assessments, besides the raising of their corresponding change requests or queries to resolve disputes.

·       Lead review calculations and processing of Inter-Company billings, aging reconciliation and control of receivables and payables.

·       Partner and liaise with other entities' global controllers and partners including IWPB Finance and the Accounting & Control teams.

·       Liaise with Tax teams filling the Tax Opinion requests needed to process foreign payments.

·       Identify opportunities to simplify and improve processes while ensuring solid controls and transparency. Improve, automate and simplify month end processes while ensuring reconciliations between sources (local general ledger and global cubes) remain accurate.

·       Support Product lifecycle process -product reviews, business cases, etc. by providing information related to product cost and revenues expected, breakeven analysis and constant monitoring margins and profit for all products.   

·       Support the business and Finance with management information reports, graphs and charts; prepare or support business presentations of financial analyses and strategy identifying key drivers and ensuring conclusions are clearly illustrated.

·       Support business or finance ad hoc projects actively participating with financial, business, and regulatory transformation.

Customers / Stakeholders

·    Finance Teams (IWPB and Asset Management)

·    AMMX Business Coordinate with other departments, cross –functional teams, in preparing schedules and analyses, as appropriate.

Leadership & Teamwork

·  Provide support for month-end close process and review, validation and assessment of financial accounting information to promote timely and accurate internal and external reporting.

·  Should build and manage effective relationships with other Finance areas within the group.

·  Leverage knowledge and experience to identify critical improvement areas.

·  Promote an environment that supports diversity and reflects the HSBC brand

Operational Effectiveness & Control

·  Collect and verify accuracy of information used for financial analyses through internal and external reports, other department personnel and published data.

·  To implement the Group compliance policy locally by containing compliance risk in liaison with the Head of

Group Compliance, Global Business Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.

·  Complete other responsibilities, as assigned.

·  Maintain control awareness and adherence to policy and standards ensuring integrity of processes to mitigate risks, leveraging AMG resources and searching for possible synergies across the group.

·  Proficiency in Group Financial systems (Peoplesoft, Group and local TM1s). Deep understanding of the business and business processes.

Major Challenges

·  Proficiency in accounting standards

·  Deep understanding of the business and internal processes.

·  Business strategy and changing economic environment will require add-hocs analysis and project executions.

Role Context

Incumbents may also complete the following:

·  Work with financial systems personnel to enhance or implement new accounting or finance information systems.

·  Support chargeback functions for business or unit.

·  Assist with requests relating to financial and operations internal audits.

Should work closely with CFO Asset Management Americas, AMMX CEO, AMMX COO, Sales and Product Teams in support of the AM business.

Management of Risk Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.

·  Promote an environment that supports diversity and reflects the HSBC brand.

Observation of Internal Controls

Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.  Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.

·  Minimum of 7-10 years proven and strong financial reporting and/or accounting experience, or equivalent. Public or major corporate accounting or financial services and/or asset management experience preferred.

·  Bachelor’s degree in accounting or related field or equivalent experience; CPA or Business Administration designation preferred.

·  Advanced English and communication skills in both Spanish and English.

·  Strong problem solving, analytical, organizational, documentation and communication skills, control awareness and ability to multi-task.

·  High proficiency in Microsoft Excel, spreadsheet automation, pertinent mainframe systems and software packages.

·  Experience with accounting systems preferred.

·  Financial transformation experience a plus

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.