HSBC Group

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Vice President – India RHU

Business: Finance

Principal responsibilities

Impact on the Business/Function

• Deliver against the RHU objectives to provide the necessary support to Treasury for their hedging risk management activities.
• Contribute to the identification and prioritization of process/systems changes to ensure function is aligned with HSBC and market best practice.
• Contribute to the delivery of the hedging components within PC, Finance IT, Front Office IT and non-IT Projects, such as (but not limited to) PC Transformation, FRTB, Hedge Accounting Transformation and new accounting standards such that there are close to zero manual touchpoints across the end-to-end process, including Financial and Regulatory reporting.

Leadership & Teamwork

• Set high delivery standards identify areas for improvements and simplification to the processes and controls in scope of RHU.
• Build and maintain a timely and regular communication framework with key stakeholders including senior management leaders across the regional and local hedging units’ heads and Front Office
• Work closely with colleagues in the other Product Control functions (Core PC/Valuations), near-shore Product Control teams and other support functions.
• Team player with positive service attitude with an understanding of the project lifecycle and an understanding of risks and issues and when and how they should be escalated.

Operational Effectiveness & Control

• Act with integrity, conduct and perform their role in compliance with ethical standards.
• Document processes, controls, IT systems and policies applicable in the context of hedge accounting and fair value accounting options applicable to Group and to the SME topics they globally contribute to across all the regions.
• Prompt resolution of problem issues and management queries related to the relevant business initiatives.
• Ensure that there is full compliance with the Global Markets FIM and the Accounting Policy Database requirements for hedge accounting and fair value option designations, including all the relevant Hedge Accounting SOX controls.

• Qualified Chartered Accountant/ CWA/CPA /CFA / MBA from Tier I/II institute with at least 5-7 years of minimum experience, out of which at least 2 -3 years of experience should be in core Hedge Accounting.
• Good knowledge of IAS 39/IFRS 9 is mandatory, specifically related to Hedge Accounting strategies.
• Ability to distil complex hedge accounting concepts into practical and efficient processes and controls.
• Understanding the operation, the related risks, and the accounting of banking products, including good knowledge of financial instruments and practices
• Knowledge of various Global Market products like Foreign Exchange, Fixed income, Derivatives - Options, Interest rate swaps, Credit Derivatives etc.
• Prior Product Control experience preferred across multiple asset classes with a strong understanding of Financial Markets, risks, and the changing regulatory environment (products traded, associated risks and their life cycle, valuation techniques) will be an advantage.
• Self-motivated, proactive and delivery focused, but who is also able to demonstrate strategic vision and a strong ability in problem solving.
• Proven ability to manage migrations of finance processes and exposure to diverse/multi-culture work environments with strong organization, time management and prioritization skills.
• Capacity to manage multiple tasks while being able to prioritize deliverables in the due timeline.
• Excellent communication skills, both in verbal and in writing, to abroad range of stakeholders including PC, Finance Change, Finance and Business IT, Treasury and Markets Treasury, Global Accounting Policy
• Present and document requirements in a clear and concise manner appropriate to the audience
• Rapid escalation for issues as they arise.
• Experience of agile delivery techniques such as the Scaled Agile Framework and tooling such as Confluence and JIRA would be an advantage.

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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