Job description
Business: Global Finance Operations
Open positions: 1
Role Title: AVP -IRRBB Operations GSC’s
Global Career Band: 5
Location: (Country/City) : Gurgaon, India
Recruiter Name: Kiran
Why join us?
ALCM is one of the specialist functions within Global Finance Operations. ALCM in FinOps can be split into 2 distinct sub-specializations – Liquidity Reporting and Interest Rate Risk in the Banking Book (IRRBB) reporting. This role is being advertised for IRRBB team within ALCM.
The Opportunity:
This role is part of the ALCM, IRRBB Reporting vertical. The key responsibilities for this role include:
- To produce and review the Interest Rate Risk reports, which includes Economic Value of Equity (EVE) report & Net Interest Income (NII) report. The process involves liaising with various in-country team members over email and phone. The role requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting (with balance sheet focus) (4) Basel III framework. The role is also accountable for NII projections in a base or stressed environment, along with global stress-testing requirements for HSBC. The role is also accountable for implementing new reports as per group framework and also for ensuring adherence of reports to the guidelines – internal & regulatory. Ensuring appropriate Reconciliation & Validation controls are in place and applied to maintain consistency of accounting processes across the submissions. Aligns practices with existing other teams in ALCM to embed global processes and standard EUC’s. Providing instructions and best practice guidance to regional and global business peers. Documenting clear basis of preparation for each aspect of the consolidation process. Transition of processes/activities basis Target Operating Model (TOM).
What you’ll do
Key Responsibilities:
- To produce and review the Interest Rate Risk reports for assigned geographies, which includes Economic Value of Equity (EVE) report & Net Interest Income (NII) report. The process involves liaising with various onshore team members over email and phone. The role requires good understanding of (1) financial products, (2) market product specific knowledge and (3) financial /management reporting.
- To setup QRM with the relevant parameters in order to produce NII forecasts in several economic environments
- To provide regions/sites with the information required in stress-tests
- Fill FDSF templates for actuals and forecasts
- Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making
- Analyze business performance and provide commentaries
- Acquire knowledge in banking/financial services
- Identify opportunities for development and drive changes independently
- Co-ordinate, work-closely with in-country finance teams across the globe
- Performance Standards as defined in SLA met or exceeded
- Customer Feedback
- Timely and accurate calculation of ratios and reporting of MI.
- Quality of the commentary
- Training & development of minimum 10 days per annum
- Re-engineering opportunities identified and implemented
- Minimal errors Six Sigma approach
- Weekly and monthly meetings scheduled and conducted
- Feedback on service delivery received from Business Area
Customers / Stakeholders
- Regional ALCM, Site ALCM teams, Group ALCM teams, Global IRRBB Project team and Global Stress-testing team.
- Understand stakeholders’ (i.e. Country data analysis’s, onshore 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 customer issues in an effective way to ensure timely resolution
- Continuous reviews of the customer issues and ensure products and services are tailored on an ongoing basis to meet expectation.
- Ensure MI is provided to and easily understood by onshore MI teams
- Liaise with onshore MI teams
- 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, IRRBB Programme work streams, PMO, IT as required.
- Ensure roles & tasks are clearly mapped and understood as relevant.
- Independently manage the process to ensure all variances are resolved and appropriate entries are suggested in line with onshore requirements
- Ensure MI produced in line with 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
- Effective communication with the HSBC region-wise Inter-company reconciliation teams
- Review the work of team members
Requirements
What you will need to succeed in the role
- Professionally qualified - Chartered Accountant / CFA / ICWA / CPA / MBA (Finance) with 8+ years of post-qualification experience in financial analysis, financial & management reporting, global consolidation within IFRS and IAS reporting framework
- Hands-on experience of Global market products, P&L attribution and analysis, valuation and risk or statistical / analytical surveys
- Deep understanding of Bank’s Balance Sheet and P&L
- Sound understanding of HSBC market products and line of business (specifically GBM)
- Strong attention to detail having strong analytical skills
- Good understanding of financial products and how they impact finance operations and more generically the banking business.
- Excellent working knowledge of MS related products i.e. Excel, Power Point, Access.
- Basic knowledge of SQL database (preferable).
- Knowledge of QRM is a significant plus
- Experience in developing, documenting and reengineering processes.
- Strong communication skills and an ability to communicate complex ideas in a simple manner to a global audience.
- Ability to develop effective working relationships with stakeholders of different seniority and geographical location.
- Ability to manage the service delivery of a designated processes
- 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
- Ideally, experience of leading and managing teams of between 2-4 members or experience of being a senior/deputy within a team
- Global Exposure: Ability to interact with multiple cultures / multi-tasking.
What additional skills will be good to have?
- Basic knowledge of SQL database (preferable).
- Knowledge of QRM is a significant plus
- Experience in developing, documenting and reengineering processes.
- Strong communication skills and an ability to communicate complex ideas in a simple manner to a global audience.
- Ability to develop effective working relationships with stakeholders of different seniority and geographical location.
- Ability to manage the service delivery of a designated processes
- Excellent communication skills and presentation skills are mandatory, as are good tact and diplomacy, as the rolerequires relationship management with other individuals and teams within the HSBC Group
(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 .
E-mail du recruteur
kiran@hsbc.co.in