HSBC Group

Business: Global Finance Operations

Open positions: 01

Role Title: Manager: AVP - Regulatory Reporting GSC’s

Global Career Band: 05

Location (Country / City): Inida-Gurgaon / Hyderabad / Chennai

Recruiter Name: Megha P

The Opportunity:

• The Regulatory Reporting team is responsible for (i) Capital Adequacy Reporting and other regulatory reporting to the PRA and other Regulators across the Globe, (ii) external disclosures included with the interim and annual accounts and Pillar 3 and (iii) business partnering with the Global Businesses and provide internal reporting and analytics for Group Board committees as well as being the main point of contact for Capital, RWA, Leverage and Liquidity information.
• Regulatory Reporting has a huge volume of change to manage spanning various Finance systems as well as a number of mandatory regulatory changes to implement. The role requires to manage compliance assessment of regulatory rules. The role requires strong regulatory knowledge and experience to understand the regulatory rules and interpretations, its impact on current reporting, taking policy opinions and concluding the assessment with relevant stakeholders.
• The team is also responsible for internal reporting of the impacts at both a Business and legal entity level to assist businesses in their RWA planning under the future regulation, as well as supporting regulatory reporting teams for BAU reporting where impact assessment may be required. This includes impact assessments for CRR2 and IRB Repair.
• The primary focus of the team will be the reporting and analysis of credit and counterparty credit risk RWA impacts but will also be responsible for coordinating with other functions and businesses on other aspects of the new requirements e.g. Operational Risk, Leverage Ratio and CVA.

What you’ll do: 

The main responsibilities of this role are:

• Support A146 PMA tooling requirements gathering and validation;
• Scrutinize and validate to PMA tool solution design including op model and controls considerations;
• UAT - testing of uplifted PMA output and controls;
• Parallel Run – testing proposed op model to execute tooling and review output within specified timeline;
• Form integral part of Impact Assessment team – executing and validating PMA tool output against agreed op model and controls and involvement in required QIS exercises by the regulator;
• Supporting GRA and other stakeholders in PMA output queries;
• Supporting GBs with PMA output review and challenge;

Service Delivery

• Responsibility of analysis and reporting relating to the credit and counterparty credit risk for IRB Repair PMAs as well as Basel 3 Reforms monitoring internally and global QIS exercises as required by HSBC’s regulators globally.
• Manage SME input into NCCR/CCR RWA related projects related to QIS, leading the provision of requirements, solution design and support of UAT.
• Deep dive activities: analysis of specific issues identified during reporting process, regulator queries or regulator Q&A related.
• The team and role holders are expected to manage multiple requests for QIS data and reporting on a concurrent basis whilst also balancing internal management and Global Business requests, all of which will need to be delivered in a in a cost constrained environment as part of a tightly managed wider Basel 3 Reform program.
• Given that team members will be located across the main HSBC regions, effective and efficient communication and organisation across time zones and geographies will be a major challenge in this role.  The role holder at this level will be expected to ensure the effective cooperation and coordination across the team globally.
• Maintain high level of quality of external disclosures and regulatory information

Customers / Stakeholders

• Actively engage with GRA/ Global Businesses/ Finance Change Delivery.
• Work closely with FCD to ensure that all QIS processes are fully tested and issues are identified and actioned appropriately.
• Work with Regional Regulatory Reporting teams to actively identify offline adjustments included in reported numbers and ensure impact under B3R is appropriately included.

Operational Effectiveness & Control

• Responsibility for ensuring control procedures are designed effectively and operate robustly such that they meet internal and external audit and regulatory expectations consistent with our market-leading reputation for transparency and quality.
• Actively participate in the QIS governance providing clear and concise updates to senior management.
• Identify opportunities to improve the QIS reporting process and raise with relevant team
• Anticipate, identify and mitigate operational risk in an appropriate, cost effective manner

What you will need to succeed in the role:

• Minimum 7 - 8 years of experience in Regulatory Reporting with strong understanding of CCR – SA-CCR Regulation
• An accounting degree, bachelors’ degree, or other qualifications relevant to the industry. MBA, CA, CWA, CS, CPA, CFA a plus.
• Knowledge of PRA and other regulatory reporting requirements;
• Knowledge and experience of Basel III Reforms proposals;
• Knowledge regulatory developments;
• Previous experience in a reporting role essential;
• Preferably a qualified Accountant;
• Excellent interpersonal and communication skills, both written and oral;
• Self-motivated and capable of working as part of a team;
• Good mathematical and analytical skills;
• Ability to work under pressure, report to tight deadlines and deal effectively with issues as they arise.
• An understanding of HSBC’s consolidations systems and processes would be an advantage.
• Excel expertise.  E.g. To manipulate data quickly using pivots, sorts, filters, macros, etc.

Link to Candidate User Guide:

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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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