HSBC Group

Business: Finance

Open positions:1

Role Title: Reporting SME GSC’s

Global Career Band: 6

Location (Country / City ): India/Gurugram

Recruiter Name : Kiran

The Opportunity:

• The role is part of IRR (earlier named as RREP) program responsible for leading and managing various activities for GSIB Indicators Regulatory Finance change initiatives, supporting change delivery in a globally consistent, coherent and effective manner for wider IRR remediation activities that covers audit requirements as well. The role requires a broader understanding of the bank’s various businesses, performance and control frameworks, as well as an understanding of bank’s differing reporting requirements. To be successful, the role holder will need to build on this understanding and knowledge via working with the wider GSIB Indicators reporting teams and drive regulatory change driven requirements in a time-bound manner.
• The role requires strong regulatory knowledge and experience to understand the regulatory rules and interpretations, its impact on current reporting, taking policy opinions and concluding the assessment with relevant stakeholders. It requires continuous learning, challenging of existing processes, risks and controls and exploring the use of new technologies to improve the production of regulatory reports.
• Role dimensions include, continually assess the operational risks inherent to the process, taking account of operating procedures, staff movements, legal & regulatory requirements alongside drive & implement regulatory driven requirements. The role holder will ensure the bank fulfils all its external audit requirements and provide guidance to Finance teams throughout the region in preparation and submission of controls requirements. Role demands leveraging the technology to automate, uplift and streamline the process and controls at pace. Whilst strong understanding of various regulatory reporting requirements is highly preferred, it is not a constraint for those meeting the other requirements. 
• We do look forward to diverse profiles to come-onboard creating an inclusive workplace, enabling us to embrace the varied perspectives which in turn help us deliver innovative solutions and drive them at pace

Governance and Committee Memberships

• The role holder will be a key member of the Finance Operations team and participate various committees including key regulatory changes, working with policy and FCD team, controls committee forums.

What you’ll do:

Accountabilities for Business, Customers and Stakeholders

• Working closely with various teams comprising Change, IT, Production/reporting leads, Risk, Policy, Legal etc. on IRR remediation and other control/audit related projects
• Support delivery of the Global Finance Change Regulatory Reporting Value Stream solution including current and future initiatives in pipeline under GSIB Framework changes, and other upstream changes. This includes supporting operating model changes to achieve the programme objectives.
• Supporting delivery of the projects under IRR programme.
• Enhance GSIB control framework with data traceability, data compliance control, reconciliations and sample testing.
• Support in impact assessment of the future regulatory and accounting changes to GSIB methodology, and implement new requirements.
• Review and challenge of the G-SIB Indicator data received and included within all regulatory returns and all external disclosures.
• Ensure quality of output produced by performing regular reviews and validating control checks.
• Evidencing the data have been prepared and reported in line with the Control and Assurance Framework.
• Supporting the preparation of any responses to questions raised by the PRA & senior management.
• Developing and maintaining strong working relationships with G-SIB input providers.
• Impact analysis on reporting from various changes from the regulator.
• Supporting the detailed documentation of business requirements, working with multiple cross-functional stakeholders.
• Defining, developing, and translating requirements, at all stages of the project lifecycle from high level business requirements through to, for example, process requirements, functional requirements, user requirements, system requirements, data requirements, as well as test conditions.
• The role holder needs to have a good understanding of change & implementation approaches, tools, and techniques for gathering, clarifying, and managing business requirements and selects and applies the right approaches, tools, and techniques according to context – ensuring seamless delivery.
• The role holder works with dynamic plans in a fast-moving environment, continually assessing priorities and progress and adjusting their focus where necessary, being sure to maintain alignment with other programme work streams / projects.
• The role holder to ensure the team meets performance targets that are aligned to programme / project objectives.
• Act as a role model to create and maintain a collaborative team environment which supports on the job learning and self-driven development.
• Promote the Group’s Values and strategy by driving engagement e.g. through timely communication.
• Effective management information: The role holder must direct analysis of large volumes of complex information across the project / program to focus attention and enable effective, efficient decision making at senior leadership level.
• Experience of Regulatory Reporting requirements across multiple regulators - PRA, ECB, HKMA, and OSFI etc.

Leadership & Teamwork 

• Manage the Regulatory Change portfolio and support the IRR activities within it
• Promote a culture of continuous innovation, challenge the approach and apply knowledge of relevant latest developments.
• Support the overall performance of the team to ensure respond commercially in meeting the challenges of internal and external demands
• Develop and maintain a deep pool of Regulatory production and reporting expertise with a commercial sense of continuous improvement
• Manage effective interactions with the Global Finance Centre
• Provide understanding of how technical accounting and reporting translates into operational processes
• Work collaboratively across teams, covering Data Operations, Reporting Operations, Accounting Operations, Systems Support, IT, Financial Control, Insight & Advisory
• Adopt new ways of working such as Agile, particularly in respect of change activities, and encourage the adoption of new technology within the reporting teams

Others

Operational Effectiveness & Control

• Pro-active approach to process improvement and query resolution
• To continually reassess the operational risks inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• To implement the Group Compliance Policy by containing compliance risk in conjunction with the relevant compliance department. The term ‘compliance’ embraces all relevant laws, rules and codes with which the business has to comply.
• Manage regulatory and compliance matters and the management of operational risk within the reporting teams.

Major Challenges

• The increasing burden of new accounting, regulatory and disclosure requirements.
• The need to produce complex financial information in an environment governed by the requirements of the Sarbanes Oxley Act.
• The complex nature of the Group and the emerging and sometimes divergent and ad-hoc ways in which management wishes to review and disclose the financial data present substantial challenges.
• Improve and maintain the quality of financial information submitted by reporting sites requires detailed analysis and assessment of submissions

Management of Risk

• To ensure procedures comply with Sarbanes Oxley and Finance Functional Instruction Manual (FFIM).
• All procedures are in line with GSM Chapter 3 (Finance)
• The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
• This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring, and also by addressing any areas of concern in conjunction with line management and/or the appropriate department

Observation of Internal Controls

• Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
• Jobholder is an ‘insider’ for dealing purposes and subject to strict controls and confidentiality.
• Complies with Group Finance Functional Instruction Manuals and Group SOX requirements and enforces reporting sites’ compliance with certain areas of the required internal controls.
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
• This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

What you will need to succeed in the role:

Functional Knowledge

• Qualified accountant (CA/ICWA) or MBA Finance  or Engineering graduates from a reputed institute with 4-10 yrs. or M.com or equivalent degree with experience in Reporting/ Analysis.
• Experience of Regulatory or financial reporting process
• Experience that demonstrates ability to learn and apply complex/technical rules/frameworks.
• Strong written and oral communicate skills (English plus local language of country where the role is located). 
• Ability to communicate complex ideas (e.g. relating to transactions/adoption of policies) in a simple manner to a global audience
• Understanding of control frameworks and how to implement effective controls in practice.
• Ability to deal with and analyse unstructured problems and queries and to question and challenge existing procedures.
• Good understanding of financial products and how they impact reporting requirement, and more generically the banking business, balance sheet and P&L.
• Ability to develop effective working relationships with stakeholders of different seniority and geographical location
• Understanding and interest in how new technology may be leveraged to improve reporting processes and controls.

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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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