HSBC Group

Business: Calculation Compliance

Open positions: 1

Role Title: Senior Assessor – Calculation Compliance, GSC’s

Global Career Band: 4

Location (Country / City ): India, Gurgaon,Bangalore,Chennai and Hyderabad

Recruiter Name :  Nambiar, Jiji

Why join us?

• A Calculation Compliance function is being established to deliver an ongoing, high-quality and formalised capability to provide sufficient comfort to management that non-conformance of calculations with regulation that impacts Regulatory Reporting is detected on a timely basis as part of the First Line of Defence control framework.
• Funding is provided by the IRR programme to set this up as a Run the Bank function within the Finance Chief Control Office.

The Opportunity:

• Calculation Compliance assessment teams will be structured in ‘pods’ comprising of an Assessor and an Analyst. 
• The Calculation Compliance Senior Assessor will conduct formal assessments of the calculation logic in the NMCs against the relevant regulatory rules with consideration to any HSBC policy determinations.  This requires the Assessor to provide subject matter expertise on the application of regulatory rules and HSBC policy interpretations.
• The role holder will also define test data scenarios or expected results to support substantive testing of the calculation logic used in NMCs for conformance to regulatory rules, instructions and interpretations and review the test results. 
• The role holder will identify findings to be included in the formal Assessment and ensure there is supporting evidence and remediation tracking.
• The role holder will lead a team of Assessors, providing direction on approach and being the first point for escalations.
• This is a rare opportunity to be part of an exciting and growing team, developing subject matter expertise across a wide range of NMCs delivering outcomes for the full Category 1 reporting population.
• There will also be ample opportunity to contribute towards the ongoing refinement of the business-as-usual operating model and controls & assurance framework within the First Line of Defence.

What you’ll do:

• Responsible for reviewing adherence of complex calculation logic with the regulatory rules and HSBC Policy determinations.  Engage with policy SMEs as required.
• Provide direction to the Analyst to support the review of calculation documentation readiness.
• Define test data scenarios and expected test results for Analysts to prepare detailed test scripts.
• Detailed review of test results to determine whether the NMC is compliant with the regulatory rules and HSBC Policy determinations.
• Identify and document findings where the regulatory rules and HSBC Policy determinations are not being met.
• Documentation of formal Assessment Reports, highlighting the key findings with ownership assigned for remediation that is tracked at appropriate governance forums.
• Manage activities within the pod and Assessor team to enable effective and timely assessment and the mitigation of risk including delivery to plan and raising progress blockers on a timely basis.
• Provide written reports and verbal summaries or explanations of work undertaken to relevant stakeholders.
• Work closely with multiple change teams and business functions, such as Regulatory Reporting or Group Policy. 
• First point of escalation for Assessors in assigned team.
• Contribute to the ongoing refinement of the business-as-usual operating model, proactively working towards enhancing existing artefacts, procedures, assessments and methods of stakeholder engagement.
• Contribute to the training and upskilling of new hires to the team.