Job description
Business: Global Finance Operations
Open positions:1
Role Title: AVP, IRRBB FinOps GSC’s
Global Career Band: 5
Location (Country / City ): India/Gurugram
Recruiter Name : Kiran
Why join us?
- Global Finance within HSBC Group aspires to be a leading international finance team, leading with integrity and providing trusted insights. Global Finance Operations, as the backbone of Global Finance, are responsible for centralizing and globalizing activities across the Group delivering excellence and driving ambitious transformation program for the Finance function. Finance Operations (FinOps) underpins an organizational model driven by standardized and transparent processes, globally deployed, in a drive to transform our function and achieve greater operating efficiency and effectiveness.
- ALCM is one of the specialist functions within Global Finance Operations, responsible for delivery of Liquidity risk and Interest risk management and related reporting for the Group, regions, and entities. This role is part of the ALCM, IRRBB Reporting vertical.
The Opportunity:
- The purpose of the role is primarily to lead and deliver the design, operating model, and controls for IRRBB Data Operations related initiatives, that impacts Global Finance processes for external disclosures, regulatory reporting and internal reporting and monitoring.
- The scope would cover taking the lead in designing and building a Data operating model linked to upstream Global Finance systems tailored to meet the IRRBB priorities and requirements. This includes understanding changes to current processes and controls to design target operating models and controls. To this end, the role would help coordinating with Global Lines of Businesses and/or Global Functions with Global Finance.
- This is a critical role where the role holder will be involved in BAU reporting and support Global IRRBB Change Programme in implementing the Data Operating model, any new requirements driven by process improvements or regulatory changes. This Includes providing support in solution designing, solution implementation and testing of IRRBB releases. The role holder will also have to engage with a wide spectrum of stakeholders and partners across the business, especially Group Treasury, FinOps, Site ALCM and change delivery and IT teams.
What you’ll do:
Business Impact
The key responsibilities for this role include:
- IRRBB FinOps has a key change agenda in 2023 to deliver a new target operating model and meet business and regulatory requirements for accelerated and more frequent reporting. The role holder needs to play a leading role to implement this new target operating and change requirements.
- To produce and review Interest Rate Risk data, metrics and data quality indicators used for external and regulatory reporting reports such as NII sensitivity, EVE sensitivity, NTMR and other stress testing reports.
- The process involves liaising and engaging with site ALCM teams and requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III regulatory framework
- The role is also accountable for designing and implementing data requirements for new reports as per group framework and for ensuring adherence of reporting guidelines – internal & regulatory.
- Work on any Data quality recording and resolution & new regulatory and management requirements, changes in existing model/ reports/requirements and prepare clear documentation for the same.
- Work closely with senior business stakeholders in understanding the criticality of their requirements, prioritization of tasks and plan accordingly
- Review the business requirements as well as functional requirement and prepare appropriate test cases to facilitate the UAT and DR for change projects
- Support the functional management in monitoring, strengthening process controls and management of risk control framework.
- Align practices with existing other teams in ALCM to embed global processes and standard EUC’s
- Deliver on the standardisation and simplification initiatives through process synergies and realisation of cost saves through process re-engineering.
- Provide leadership to the ALCM IRRBB FinOps team through ongoing engagement, appropriate training, coaching interventions and facilitating transparent communication with stakeholders
Customers / Stakeholders
- Regional ALCM, Site ALCM teams, Group ALCM teams, Global IRRBB Project team, Senior Management
- Understand stakeholders’ (i.e., Country data analysis’s, in-country teams) needs, identifying and implementing improvements in a continuous manner from a data standpoint.
- Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism
- Influence and escalate key issues in an effective way to ensure timely resolution
- Continuous reviews of the issues and ensure products and services are tailored on an ongoing basis to meet expectation.
- Respond to queries from customer and senior group level management as appropriate
Leadership & Teamwork
- To work effectively with varying levels of people in Finance Function, ALCM Programme work streams, PMO, IT as required.
- Ensure roles & tasks are clearly mapped and understood as relevant.
- Training the team to independently manage the process to ensure all variances are resolved and appropriate entries are suggested in line with in-country requirements
- Ensure reports produced are in line with group framework and onshore requirements
- Coach team to ensure performance metrics i.e., MI produced in line with requirements
- Ensure team is developed by undertaking a training needs analysis for each team member. Ensure personal development plans are in place covering product knowledge, technical and soft skills
- Communicate effectively with the team members and be a team player
- Represent IRRBB FinOps team in various committees and forums and act as delegate of Head of IRRBB Data, whenever required
Operational Effectiveness & Control
- Continually assess operational risks inherent in the processes, taking account of changing procedures, staff movements, legal and regulatory requirements, management restructures, and impact of new technology.
- Effectively drive and manage change, plan business contingency, and achieve cross-training
- Ensure that there is full compliance with the Global Finance FIM, Internal Control and Objectives
- Contribute to implementation of effective and efficient process and controls.
- Pro-active approach to process improvement and query resolution
Requirements
What you will need to succeed in the role:
- Postgraduate in computer science, data science or related field. Any other professional qualification such as CA/CPA/PGDBM with relevant experience in data analytics or data science roles will be acceptable.
- Sound understanding of HSBC Balance Sheet, P&L, market products and line of business (specifically GBM)
- System knowledge - Proficient in SQL/PL SQL, ETL and other data mining tools and techniques. Excellent working knowledge of MS related products i.e. Excel, Power Point, Access and Visual Basic programming.
- Strong experience in Data Quality, Source Systems Analysis, Business Rules Validation, Source-Target Mapping Design, and high-volume Data Loads
- Ability to develop effective working relationships with stakeholders of different seniority and geographical location.
- Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the role requires relationship management with other individuals and teams within the HSBC Group
- Confident to work effectively with stakeholders across the bank, driving and influencing outcomes to deliver activities on time and to progressively improve the efficiency of processes over the longer term.
- Coordination with multiple data sources and owners to ensure consistency of data across systems
- Understanding the regulatory environment, guidelines, and new developments to assess impact on HSBC and the processes and implementing changes
What additional skills will be good to have?
- Project Management skills, Business requirement documentation, Project testing and experience in developing, documenting, and reengineering processes.
- Good analytical skills, an eye for detail and a drive for quality statistical skills to study trends, understand and to interpret numeric information.
- Operations management including process governance and stakeholder management
- Ability to work in a dynamic environment and adapt to frequent and multiple changes
Link to Candidate User Guide:
(Or)
Go to the below link and type “IND GSC : IJP Applicant User Guide” in search bar. https://hsbchrdirect.service-now.com/hrsp?id=hrdirect_employee_dashboard
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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Nom du recruteur
Kiran .
Courriel de recruteur
kiran@hsbc.co.in