HSBC Group

Business: Global Finance

Open positions: 1

Role Title : Head of Reporting Operations, HBUK

Global Career Band: 3

Location: Gurugram

Recruiter Name: Pallavi Venkateshappa

Why join us?

• If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC.

The Opportunity:

• The Head of Reporting Operations for HBUK will oversee all external reporting activities for the region. The role covers both external reporting (financial reporting and regulatory reporting) and liquidity reporting. The role is a broad and varied role, requiring an understanding of the bank’s business, performance, and balance sheet, as well as knowledge of how these are reflected in the different reporting requirements.
• The role is a key role within Finance for the region and requires communication to and engagement of senior management on comprehensive financial information, including analysis and explanation of key trends and performance, as well as the provision of assurance over the completeness and accuracy of the reporting outputs. The role holder will ensure that HSBC fulfils all its external reporting requirements and provide guidance to HSBC Finance teams throughout the region in preparation and submission of financial reporting requirements.
• The role holder will be critical in the delivery of the Integrity or Regulatory Reporting (IRR) programme for the HBUK entity and its contribution to Group consolidated returns.  The role holder will oversee a team that is predominantly based in Finance Operations Centres in India.

Governance and Committee Memberships

• The role holder will be a key member of the Finance Operations management team and participate to the Finance Operations Exco, Finance Operations RCMM and Finance Operations People Committee.
• The role holder will also be a member of key governance forums in the legal entity, either a part of the role’s responsibilities or as a delegate of the Financial Controller/Treasurer.

What you’ll do:

Accountabilities for Business, Customers and Stakeholders

• End-to-end process ownership, management of preparation and assurance of all BAU reporting requirements (internal and external) including local consolidated statutory IFRS/local GAAP financial statements (Annual Report & Accounts and Interim Report), local regulatory reporting (Pillar 3), liquidity reporting, plus submissions into the HSBC Group reporting processes.
• Management of the reporting operations team to produce timely, accurate and complete reports and commentary.
• Accountable for defining the reporting process and ensuring high quality deliver, as well as escalation, incident management, and stakeholder management around reporting.
• Ensure that the outputs are of a high quality and prepared in accordance with accepted regulatory and accounting policy.
• Responsible for the controls over the reporting processes and ensuring that control design is in line with HSBC’s control framework and complies with all requirements (such as SOX).
• Support the final sign-off of reporting by the Regional Financial Controller, Treasurer and other accountable stakeholders.
• Key interactions with external regulators if/as delegated by Entity Financial Controller

Leadership & Teamwork

• Leads team to develop a deep pool of reporting expertise, across all disciplines, with a commercial and change mindset
• Leadership over regulatory and compliance matters and the management of operational risk within the reporting process
• Work collaboratively across Global Finance teams
• 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

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.

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 desire to simplify disclosures while continuing to satisfy reporting obligations
• Management and prioritisation of deliverables within set amount of budget/resources defined by Global Head of Finance Operations/Legal entity CFO

What you will need to succeed in the role:

• Strong written and oral communicate skills (English plus local language of country where the role is located).  Ability to communicate complex ideas in a simple manner to a global audience
• Experience in accounting / financial, regulatory/liquidity reporting.
• Understanding of control frameworks and how to implement and operate 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.

Link to Candidate User Guide:

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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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