HSBC Group

Business:  GLOBAL FINANCE CHANGE

Open positions:1

Role Title: Global Finance Change Business Analyst GSC’s

Global Career Band: 5

Location (Country / City ): India/Chennai

Recruiter Name : Megha P

The Opportunity:

Context

• The Global Finance Change Business Analyst drives Change, Design and Delivery, working closely with Regulatory Reporting, technology and business teams. The Global Finance Change Business Analyst works with team members, both locally and across regions to; undertake quantitative and qualitative analysis to establish clear requirements from the business; manage and translate these effectively throughout the project lifecycle; and ultimately ensure that change programmes achieve their objectives and deliver the anticipated benefits to the organisation.

What you’ll do:

• Supporting the detailed documentation of business requirements, working with multiple cross-functional stakeholders.
• Defining, developing and translating requirements, applying principles of a good requirement, 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.
• Setting and applying high expectations with respect to quality, use of requirement management systems and document standards.
• Managing a robust change control process to ensure change requests or changes in scope are identified and controlled.
• The role holder has 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 closely with multiple cross functional stakeholders and effectively manages the interface between requirements analysis and system design, maintaining appropriate accountabilities, as well as ensuring alignment of system design to user requirements.
• 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 workstreams / projects.
• The role holder is expected to work with complex regulatory data models and functional solution designs across both Cloud and on-premise solutions.
• Given the specific nature of this role, the role holder should have experience of Regulatory Reporting requirements across multiple regulators including the PRA, ECB, HKMA, and OSFI among others.
• The Global Finance Change Business Analyst ensures alignment with HSBC Change Framework standards, and ensures the team meets performance targets that are aligned to programme / project objectives.

Impact on the Business/Function

• Actively manage packages of requirements and engage delivery teams to ensure successful implementation.
• Perform analysis and produce detailed documentation covering functional requirements, technical requirements, implementation and testing.
• Set the framework for requirements gathering, translation and management throughout the project life cycle ensuring use of appropriate tools and techniques for the context and application of the required standards.
• Manage translation of business requirements into more detailed requirements, solutions and structures, acting as a bridge between business and technology.
• Apply an understanding of business and Finance priorities, drivers and challenges to lead design of strategically aligned solutions, considering the controls and risk framework at all times.

Typical Targets and Measures

• Activities prioritised and completed to required quality standards, in accordance with procedures and within agreed timescales.
• Line Management feedback on completion of activities and tracking of status during project lifecycle.
• Feedback from key stakeholders.
• Business benefits realised.

Customers / Stakeholders

• Build and manage key relationships with stakeholders at different levels of seniority both within and outside of Global Finance Change.
• Understand stakeholders' objectives, direction, priorities and challenges, managing and addressing concerns and objections.
• Influence and collaborate with stakeholders, to build consensus and shape change outcomes.
• Foster open communication which anticipates stakeholder expectations.
• Champion and embed outstanding service and customer advocacy.
• Facilitate interaction with cross-functional teams teams to ensure initial business requirements are understood and to sustain collaboration around any required changes and implementation.
• Cross functional work across other key stakeholders including Risk, Global Risk Analytics, IT, Finance, Business and Finance Operations functions at Group and Regional Level, and Global Finance Change.

Typical Targets and Measures

• Line Management feedback completion of activities and tracking of status during project lifecycle.
• Feedback from key stakeholders.

Leadership & Teamwork

• Challenge decisions and standard processes when and where appropriate.
• Provide direction to delivery partners.
• Promote a culture of continuous innovation, challenge the business on approach and apply knowledge of relevant latest developments.
• Provide regular constructive feedback and coaching to individuals to improve their performance and support development and career progression.
• Act as a role model to create and maintain a collaborative team environment which supports on the job learning and self-driven development.
• Promote learning and development with a focus on key areas such as new methodologies.

Typical Targets and Measures

• Line Management feedback completion of activities and tracking of status during project lifecycle.
• Feedback from key stakeholders.
• Feedback from team.

Operational Effectiveness & Control

• Manage all regulatory and compliance matters and operational risk.
• Manage and monitor compliance with all relevant mandatory standards, group policies and tools such as HSBC Change Framework as well as maintaining a focus on internal controls such as Op Risk and SOX.
• Apply an understanding of good governance and implement effective approvals process.
• Define requirements management processes and design detailed business solutions based on requirements; challenge business intent in a constructive manner.

Typical Targets and Measures

• Adherence to all relevant processes and procedures, keeping appropriate records, timely updates to project lifecycle documentation as per the activities. 

Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities)

• Process & business knowledge - The role holder should be able to understand the end-to-end RWA requirement process and the implications of that process for testing and implementation within Finance.  The role holder demonstrates robust business knowledge and stays abreast of developments in the industry, the functional area and other relevant areas such as technology, data and methodology.
• Solution knowledge - The role holder should be able to understand the end-to-end solution and the implications of that solution for testing including infrastructure, technology and interface design.
• Stakeholder complexity – The role holder must manage multiple cross functional stakeholders across organisation boundaries to ensure requirements are gathered and designs agreed, dealing with different interests and resolving conflicts. Poor requirements and design decisions must also be challenged.
• Depth and breadth of knowledge – The role holder must shape business requirements and solution designs that encompass all aspects of the delivery (customer, people, process, policy, technology - system, data, infrastructure, etc.).

Role context

• The role has been created to manage Global Finance Change initiatives and to ensure change delivery in a globally consistent, coherent and effective manner.
• The role holder will provide the business with effective solutions which take into account group strategy and the challenges or risks that the group faces.
• The role holder will lead, influence, motivate and guide stakeholders and manage project team members.
• The role holder will work effectively across multiple initiatives simultaneously.

Management of Risk (Operational Risk / FIM requirements)

• The role holder will 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.
• 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.
• 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.

Role Dimensions

• The role holder will work with a large Global Finance team that delivers complex and transformational regulatory change.
• The role will require co-ordination and supporting of teams / activities across multiple global regions.

What you will need to succeed in the role:

• Business Analyst experience working in large complex Programmes within the financial services industry and Cloud (Google Cloud Platform).
• Excellent documentation skills, promoting concise and clear written deliverables.
• Experience with complex regulatory data models and cross functional solution designs.
• Relevant experience within regulatory change in a Finance and Risk context.
• Proven track record in dynamic environments, with the ability to manage teams with diverse backgrounds and skillsets, both locally and across regional sites and to maintain a global perspective.
• Exceptional drive, motivation and commitment and focus in operational excellence.
• Strong decision-making, problem-solving and interpersonal skills including the ability to influence stakeholders.
• Ability to provide SME knowledge in specific area to continuously improve areas of practice; minimum of a Bachelor’s degree in business, finance, mathematics, related field or equivalent experience.
• Advance data interrogation skills using SQL and Excel
• Understanding of Basel III/IV and PRA/COREP Regulatory Reporting Requirements
• Understanding of the HSBC data (facility, products, risk parameters used for credit risk calculation and reporting)
• Ability to design functional solution options and support decision by identify risks/ pros/ cons

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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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