HSBC Group

Business: Finance

Open positions:01

Role Title: MANAGER - RWA PC GSC’s

Global Career Band: 06

Location (Country / City): Gurugram / Chennai

Recruiter Name: Kiran .

The Opportunity:

Role Purpose:

• Global Finance Centres (GFC) provides a variety of financial support services to business partners across the HSBC Group.
• Group Regulatory is responsible for producing the Capital structure and RWA disclosures in the Group Annual Report & Accounts and for meeting all Pillar 1, Pillar 3 and Regulatory MI Reporting requirements under Basel 3.
• This role is within the Regulatory Reporting teams that require additional support to:
• 1) Enhance and improve processes and remediate known issues identified during the BAU process impacting COREP and P3 reporting for Group, as well as those from internal audit and s166 findings.
• 2) Ensure minimum control requirements are documented, performed and sufficient evidence collated; and
• 3) Improve and automate processes and controls to create a long term sustainable process.
• Additionally, the team will actively participate in CCR leverage Regulatory Production/Reporting and to assist the Group Regulatory Reporting team in preparation of monthly and quarterly returns for submission to the PRA and the preparation of other analysis for business and senior stake holders.

What you'll do:

Principal Accountabilities KPI and Targets

• The purpose of this role is to manage and assist the leverage Reporting team in preparation of monthly and quarterly returns for submission to the PRA and the preparation of other analysis for internal customers and senior stake holders.
• Manage delivery of the Leverage reports on LV47, LV40, LV43, LV50, LV51 and LV52 disclosures
• Manage B3.1 reforms implementation and perform RWA/EAD calculations for CCR (Counterparty Credit Risk) per PRA guidelines which includes the manual adjustments, reconciliations and variance analysis etc.
• Understand PRA / global Regulatory framework i.e. Process, Regulatory requirements for data purposes & Systems for CCR regulatory Production/Reporting
• Understand in-depth CCR Regulatory Production/Reporting exercise and relevant BDR / BCR Rules.
• Understand and support in documentation of global Regulatory data requirements for Production/Reporting
• Ensure ongoing Reporting and analysis support for seamless service delivery of global Regulatory Production/Reporting reports to various onshore partners to agreed service levels
• Timely submission of monthly and quarterly returns by sites to Regulatory Reporting
• Timely preparation of other analysis/ad-hoc requests by internal customers
• Keeping up to date with regulatory consultations and assist the team with interpreting & implementing current and upcoming PRA regulatory requirements.
• Good communication skills to be able to collaborate with global stakeholders on a daily basis.
• Identify opportunities for process improvement and participate in change initiatives.
• Pro-active approach in highlighting issues for a timely resolution.
• Ensure participation in various learning initiatives to constantly upgrade their skill set.

Customers / Stakeholders

• Group Regulatory Reporting team
• CCR Leverage Regulatory Reporting team
• PRA Regulatory Reporting team
• Other internal customers

Teamwork

• Effective communication with the manager on organisation changes and goals
• Achieve efficiency in operations and maintain work-life balance.
• Create an environment within the team which fosters knowledge sharing and open forums
• Develop the soft skills and technical competency by putting enrolling into trainings.

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
• Effectively drive change and achieve cross-training
• The ability to work to a high degree of accuracy under pressure is important as during the reporting periods the team is required to meet tight deadlines.
• Ability to prioritize and plan work in an efficient manner.
• Ensure seamless delivery on all the process level activities within timelines and maintain high quality standards. Focus on controls and continuous process improvements.
• Understand Business Partner expectations / requirements ensure alignment to Finance Operations objectives. Manage / Support business partner relationship effectively.

What you will need to succeed in the role:

Qualifications and Skills/Experience Required

• Qualified CA (Chartered Accountant), MBA (Finance) or Engineering degree with interest in Financial Services. MBA, CA, CWA, CS, CPA, FRM, CFA  a plus.
• Strong Knowledge of Regulatory Environment
• Understanding of how to review large data sets and draw out strategic insights as well interpret data and identify trends/anomalies particularly in the context of business, macro-economic or Regulatory drivers, as well as the ability to work quickly & accurately to tight deadlines
• IFRS standards
• Understanding of control frameworks and how to implement effective controls in practice.
• Strongly analytical and logical mind-set with proficiency in Microsoft Excel and other query tools (Microsoft Office Access)
• Independent and Confident, able to work under pressure and handle multiple tasks
• Excellent time management and timely delivery of regulatory reporting information.
• Leadership skills, with ability to build rapport with internal & external customers / Business areas
• Must have excellent attention to detail and work within tight deadlines ensuring a complete and accurate flow of information's between stakeholders.
• Must be experienced in working under pressure on multiple process improvement projects
• Ability to make robust decisions justifiable in an international environment
• Awareness of Project environments

Desirable: -

• Knows HSBC hierarchies
• Strong analytical skills, EAD, RWA calculations, Basel 3 and 3.1 Reforms
• IFRS9/Product knowledge (Derivatives, Repo, Reverse Repo)
• Credit Risk Mitigation/Collateral concepts

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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