Job description

Some careers grow faster than others. 

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions. 

We are currently seeking a high caliber professional to join our team as Head of Financial Reporting and Tax Risk – Asia.

Role purpose

The Financial Reporting and Tax Risk team provides effective stewardship of our external and tax reporting through strong subject matter expertise, with oversight of the control environment through timely and robust review and challenge. This function forms part of the second line of defence with a critical role in our firm’s risk management, and is newly structured as a centralised global team bringing together different elements of risk stewardship in Global Finance for the first time.

This is a key and strategic role for HSBC, with high impact and visibility at senior executive level, reporting to Global Head of Financial Reporting and Tax Risk and managing directly a global team based at the main markets material to Financial Reporting and Tax Risk.

Responsibilities:

  • Responsible the oversight of the framework, policy, standards and processes that supports the assessment of the effectiveness of HSBC’s management of Financial Reporting and Tax Risk for HBAP and the Eastern Markets region.
  • Ensuring that the approach to Financial Reporting and Tax Risk is appropriately defined and scoped, promoting and implementing synergies and efficiencies while securing an optimal and best in class control environment for HSBC.
  • Manage the relationships with internal and external key stakeholders, including Global Finance, Regional Audit Committee, Enterprise Risk Management, Internal Audit, External Auditors and regulators.
  • Responsible for designing and implementing an appropriate framework for the effective management of Financial Reporting and Tax Risk, including policy, definition of minimum control standards, scoping and ongoing oversight for all relevant categories of reporting. 
  • Lead execution of required second line of defence responsibilities under the HSBC Non-Financial Risk Framework for Financial Reporting and Tax Risk, including production of a consolidated view of the effectiveness of Financial Reporting and Tax Risk management.
  • Responsible for ensuring that HSBC continues to maintain compliance with regulations relating to Financial Reporting and Tax Risk
  • Responsible for management of the relationship with Financial Reporting and Tax Risk key stakeholders and timely delivery of key milestones. Key stakeholders include Global Finance, filing entities’ Audit Committees, Enterprise Risk, Internal Audit, External Auditors and regulators, Financial Reporting and Tax Risk and governing bodies. 
  • Lead, engage and influence the various responsible and accountable parties for Financial Reporting and Tax Risk, including process owners, risk owners, entity level control owners, and Enterprise Risk Management in order to ensure proper implementation of the Financial Reporting and Tax Risk framework
  • Ensure full coordination of the Finance Reporting Risk and Tax Risk team, including interactions with 1LOD Finance NFR teams in region
  • Act as the Risk Steward for Financial Reporting and Tax Risk for HBAP and the Eastern Markets, challenge the first line Process, Risk and Control owners to ensure that risk management activities are working effectively. This includes the following Risk Steward activities as per the Group’s Risk Management Framework but not limited to: 
    • Provide subject matter expertise, advice, guidance, and effective challenge to Process, Risk and Control Owners;
    • Support in setting the Risk Appetite, and oversee risk appetite monitoring; 
    • Support development, own, and monitor a comprehensive set of clear and concise policies that outline the key principles and minimum requirements applicable to the management of their risk, and monitor compliance; 
    • Report on the risk and control profile, including impacts of external environment changes, emerging risks and changes to the business strategy;
    • Work with the business to understand the impact of emerging risks that require changes to controls, resources and business operations to ensure they remain within appetite; 
    • Overseeing, escalating and providing guidance on the identification of conduct impacts across their risk types and activities owned by the First LOD, including where control weaknesses and risk events impact the delivery of fair outcomes; 
    • Recommend Risk and Control Assessment (“RCA”) scoping, and challenge where this is not appropriately applied in the RCA; and
    • Challenge Risk and Control Owners on risk and control management, including inherent risk, residual risk, control effectiveness ratings, issues, actions and events. 
    • Review, challenge and agree the Financial Reporting and Tax Risk assurance plan. This will include identifying where target or demand based assurance is required

Requirements

Functional Knowledge

  • Exceptional drive, commitment and focus in operational excellence
  • Relevant Finance and Control knowledge and experience working in multiple legal entities
  • Detailed understanding of the Finance operating model at Group, Business and Country levels
  • Proved experience leading, implementing and/or improving end-to-end processes
  • Solid leadership skills with experience in managing people in a large matrix organisation
  • Ability to work in fast-paced environment with proven ability to handle multiple outputs at one time
  • Expert knowledge of Financial Reporting and Tax Risk compliance procedures
  • Thorough understanding of HSBC’s activities, products, processes and systems
  • Experience of working with Enterprise Risk Management, Internal and External Audit 
  • Strong interpersonal and negotiation skills, with experience in a complex global environment
  • Excellent business writing, communication, presentation and influencing skills
  • Capable working in partnership with the Global and Regional Finance 1st Line of Defence, as well as with Enterprise Risk Management and Non-Financial Risk leadership.
  • Proven track record working with senior executives in Finance, Internal and External Audit, Enterprise Risk Management, regulators, and Global Businesses and Global Functions across the Group
  • Good awareness of financial environment and internal/external factors, e.g. Enterprise Risk Management, Legal, Compliance, Information Security and Internal Audit requirements
  • Ability to contribute to maintaining an excellent relationship with internal stakeholders, relevant regulators and industry bodies

You’ll achieve more when you join HSBC. 
http://www.hsbc.com/careers

HSBC is 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. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited

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