HSBC Group

Business: GFOC Financial Accounting

Open positions: 1

Role Title: AVP - Finance Operations  GSC’S

Global Career Band: 5

Location: Chennai

Recruiter Name: Megha P

Why join us?

Global Finance Centers (GFC) provides a variety of financial support services to business partners across the HSBC Group.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Global Finance Centres (GFC) is core to Global Finance and provides a variety of financial support services to In-Country teams across the HSBC Group.

GFC Financial Accounting (OA) is responsible to provide outstanding Financial Control support in the areas of Period End Close, Accounting control & assurance and Site Reporting (GRCA reporting/Regulatory Reporting, MI and manual returns). OA is a very important function under the overall umbrella of Financial control. OA ensures that there are adequate controls / checks on the sourcing, preparation and reporting of all outputs to be produced by the FR team.

The Opportunity:

This role is that of a senior leader in the FA for a legal entity. The end to end process will include:

• Managing complex accounting events such as manual journals, which are key to the ledger close, provide robust accounting and business insight into TB analysis, substantiation, exception management and book closure
•  Managing monthly and quarterly IFRS/FINREP/GSIB/Regulatory Reporting and manual returns.
• Extensive involvement with all stakeholders
• Also the incumbent is expected to be the person in charge of driving change and process efficiencies through process reviews and stakeholder management.

What you’ll do:

• Process Leader for one of the Financial Accounting work streams for the region and all legal entities within that.
• Should be a subject matter expert in the area of financial control & accounting and have an end to end knowledge
• Should have extensive exposure in various aspects of Site Reporting (IFRS/FINREP/GSIB/Regulatory Reporting and Manual return) and have the ability to move to a hands-on approach.
• SME in closure of books per IFRS
• Experienced in analytical review
• Coordinate with the regional finance teams for preparation of accounts, timely closure of GL, completion of Site Reporting.
• Operate within tight deadline for production and reporting activities; at the same time not compromise on accuracy
• Establish and run a strong quality control framework for outputs and activities.
• Drive governance on exceptions. Seek inputs from various stakeholders
• Lead new projects/assignments/process: Identify, Drive, Build & operate it as BAU and implement new technologies and drive process automation/ standardization.
• Connect with other departments for end to end and satisfactory service delivery.
• Ability to prioritize and plan work in an efficient manner.

Risks & Controls

• Maintain defined operations Risk framework
• Adherence to Group policies, IFRS reporting requirements, audit, controls and compliance requirements. This also includes and is not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy 
• Ensure BC plan is documented, agreed with In-Country team and tested for all the processes as agreed
• Responsible for timely update and maintenance of RCAs, BIAs, PLAs and ensuring all other documents like the SOPs are in place and updated.
• Robust back up planning for uninterrupted service delivery.

Customer/ Stakeholder

• Drive performance to agreed service levels and manage In-Country teams’ expectations in a timely and professional manner
• Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism
• Operational capability must be maintained all year round given the frequency of reporting periods (monthly plus additional requirements quarterly, half-yearly and annually).
• Manage / Support In-Country relationship effectively.

Key Customers

• In country FA teams
• Global projects team
• Other internal customers

Transformation/Transition

• Manage transitions of new processes
• Drive Transformation and Integration Initiatives
• Deliver process improvement / efficiency.  Partner with change management to support continuing process re-engineering initiatives.

Team

• Effective communication with Team on decided Organization changes and goals
• Achieve efficiency in operations and maintain work-life balance. Effectively drive change and achieve cross-training
• Drive and maintain performance in team to required standards.
• Maintain high level of employee engagement.
• Create an environment within the team which fosters free sharing of knowledge and ideas
• Develop the soft skills and technical competency by putting enrolling into trainings.

What you will need to succeed in the role:

• CA/CPA/ACCA/MBA/ICWAI with strong Financial Control and Stakeholder Management skills and strong background of IFRS norms are preferred. Overall post qualification experience of not less than 8-10 years for CA, MBA: 9-11 yrs
• Prior experience in month end closure processes and Site Reporting is required
• Strong knowledge of month end closure & Reporting processes at Financial Institutions will be preferred
• Proven track record of role in controllership in BFSI sector and sound knowledge of financial products and businesses such as Commercial Banking and Global Banking etc.
• Experience in managing mid-size teams in specialized functions
• Working knowledge of FTP/HUB/Fusion etc.
• Experience that demonstrates ability to deliver BAU and Change/ Transformation Projects
• Experience in policy interpretation and implementation
• Experience of working with processes involving US GAAP / HIGAAP/ IFRS understanding
• Understanding of Global markets, products, securities etc.

What additional skills will be good to have?

• Excellent communication skills, including experience of explaining complex technical matters simply
• Effective leader who can manage cross functional teams
• Good knowledge of Analytical tools, MS Access Database, SAS will have an added advantage
• Change and transformation experience will be a plus
• Experience of working with colleagues and stakeholders cross-border in a multinational organization
• Working/detailed knowledge of Operational framework/rules
• Previous tenured employment with a Financial Institution will be an advantage
• Proven track record of leading by example in terms of values and behavior

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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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