Job description
Business: Global Finance Operations
Open positions: 1
Role Title: GFO - ALCM Manager GSC’s
Global Career Band: 6
Location (Country / City ): India-Gurgaon / Chennai / Hyderabad
Recruiter Name: Kiran
Why join us?
- Global Finance within HSBC Group aspires to be a leading international finance team; leading with integrity and providing trusted insights. Global Finance Operations, as the backbone of Global Finance, are embarking on an ambitious programme of transformation, centralizing and globalising activities across the Group. GFO is transitioning to an organizational model underpinned by standardised and transparent processes, globally deployed, in a drive to transform our function and achieve greater operating efficiency and effectiveness
The Opportunity:
- Liquidity Reporting is a vital component in assessing the bank's vulnerabilities, determining liquidity and funding risk through various Basel matrices and thereby the resilience of the bank through improved risk management. As such, the role holder will operate within one of the most complex Finance and Risk management processes within the bank, with results driving liquidity positions & requirements and the potential to affect our reputation, curtail dividends and impact the share price. Liquidity Reporting is a strategic and regulatory priority with ever increasing expectations. The importance of liquidity reporting makes it vital to have strong controls in place.
This role is part of the Americas Reporting Operations, Liquidity. The key responsibilities for this role include:
- To produce and review Liquidity reports, which includes Internal Liquidity Metric, PRA 110, Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Concentration, Term Funding etc.
- Role holder would be responsible to manage/support Regulatory submissions to PRA within the regulatory defined deadline
- Performing/supporting any analysis and MI requirement from Senior management or Regulator on Liquidity reports/metrics
- The process involves liaising with various in-country team members over email and phone. The role requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III framework
- The role is also accountable for implementing new reports as per group framework and also for ensuring adherence of reports to the guidelines – internal & regulatory.
- Ensuring appropriate Reconciliation & Validation controls are in place and applied to maintain consistency of accounting processes across the submissions
- Aligns practices with existing other teams in ALCM to embed global processes and standard EUC’s
- Providing instructions and best practice guidance to regional and global business peers
- Documenting clear basis of preparation for each aspect of the consolidation process
- Transition of processes / activities basis Target Operating Model (TOM)
What you’ll do:
Impact on the Business:
- To produce and review the Liquidity Risk reports for assigned geographies, which includes Internl Liquidity Metric, PRA 110, Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Conc, Term Funding etc. The process involves liaising with various onshore team members over email and phone The role requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III framework
- To have a good understanding of GLRS systems viz. Cloud and FoTC
- To provide sites with various liquidity monitoring reports viz. Wholesale Mismatch Report, daily LCR etc
- To produce and review ALCO pack to assist Asset Liability Committee (ALCO) in decision making related to liquidity adequacy, capital adequacy, structural funding profile, Interest rate risk in banking book, transfer price policy etc
- Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making
- Analyze business performance and provide commentaries
- Acquire knowledge in banking/financial services
- Identify opportunities for development and drive changes independently
- Co-ordinate, work-closely with in-country finance teams across the globe
- Performance Standards as defined in SLA met or exceeded
- Customer Feedback
- Quality of the commentary
- Training & development of minimum 10 days per annum
- Re-engineering opportunities identified and implemented
- Minimal errors Six Sigma approach
- Weekly and monthly meetings scheduled and conducted
- Feedback on service delivery received from Business Area
Customers / Stakeholders:
- Regional ALCM, Site ALCM teams, Group ALCM teams, Global Liquidity Reporting Project team.
- Understand stakeholders’ (i.e. Country data analysis’s, in-country teams) needs, identifying and implementing improvements in a continuous manner from a data standpoint.
- Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism
- Influence and escalate key customer issues in an effective way to ensure timely resolution
- Continuous reviews of the customer issues and ensure products and services are tailored on an ongoing basis to meet expectation.
- Ensure MI is provided to and easily understood by in-country teams – site ALCM and BSM desks
- Respond to queries from customer and senior group level management as appropriate
Leadership & Teamwork:
- To work effectively with varying levels of people in Finance Function, ALCM Programme work streams, PMO, IT as required.
- Ensure roles & tasks are clearly mapped and understood as relevant.
- Independently manage the process to ensure all variances are resolved and appropriate entries are suggested in line with in-country requirements
- Ensure reports produced are in line with group framework and onshore requirements
- Coach team to ensure performance metrics i.e. MI produced in line with requirements
- Ensure team is developed by undertaking a training needs analysis for each team member. Ensure personal development plans are in place covering product knowledge, technical and soft skills
- Communicate effectively with the team members and be a team player
- Effective communication with the HSBC region-wise Inter-company reconciliation teams
Operational Effectiveness & Control:
- Adherence to Group policies, audit, controls, and compliance requirements including but not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy
- To continually assess the operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology.
- Effectively manage change, plan business contingency and achieve cross-training
- Ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines
- Ensure all SOP’s are in place and updated appropriately
- Ensure right first time processes/checks in place for MI production
- Ensure control processes are in place to maintain data integrity
Requisitos
What you will need to succeed in the role:
- Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ MBA (Finance)/ PGDBM-Finance with at least 8+ years of post-qualification experience or commerce graduates with at least 5+ years of experience in accounting/financial reporting, management reporting, global consolidation, financial analysis within IFRS and IAS reporting framework
- Hands-on experience of Liquidity or Regulatory reporting
- Deep understanding of Bank Balance Sheet
- Sound understanding of HSBC market products and line of business
- Strong attention to detail having strong analytical skills
- Good understanding of financial products and how they impact finance operations and more generically the banking business.
- Excellent working knowledge of MS related products i.e. Excel, Power Point, Access.
- Experience in developing, documenting and reengineering processes.
- Strong communication skills and an ability to communicate complex ideas in a simple manner to a global audience.
- Ability to develop effective working relationships with stakeholders of different seniority and geographical location.
- Ability to manage the service delivery of a designated processes
- Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the HSBC Group
- Ideally, experience of leading and managing teams of between 2-4 members or experience of being a senior/deputy within a team
- Defining the approach and dealing with complex and at times conflicting requirements
- Management and control of multiple complex global planning & regulatory liquidity reporting requirements
- Ensure that potential risk areas are accurately recognized and provide assurance that solutions are delivered in a timely, concise and apposite report, the jobholder needs to have independence of thought and lateral thinking.
What additional skills will be good to have?
- Basic knowledge of SQL database (preferable).
- Global Exposure: Ability to interact with multiple cultures / multi-tasking.
- Strong communication skills on a strategic, business and technical level.
- Environment of significant ambiguity and pressure to provide expertise on upcoming requirements within short timescales, and within a changing regulatory environment
- Ability to interpret complex regulatory requirements
- The jobholder must be able to communicate efficiently in the technical as well as non-technical, business world, and relate to the needs of both
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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Nombre del recruiter
Kiran .
Email del recruiter
kiran@hsbc.co.in