HSBC Group

Business: Global Finance Operations

Open positions: 2

Role Title: Vice President - IRR for IRRBB GSC’s

Global Career Band: 4

Location (Country / City ): India- Gurugram / Hyderabad

Recruiter Name : Jiji Nambiar

Why join us?

• This role is a part of IRRBB FinOps team support Group will be part of the strategic liquidity analytical team. The role is responsible to provide high quality, timely and accurate MI and ad hoc reporting to Group Treasury and help produce liquidity analytics. This role is also involved in designing and implementing the MI transformation to help drive strategic direction
• The Integrity of Regulatory Reporting (IRR) programme was mobilised to uplift the control environment around Regulatory Reporting. This programme addresses the actions to: (i) manage the increased risk in respect of our current regulatory reporting; (ii) remediate regulatory reporting issues in the near term; and (iii) deliver sustainable strategic uplift in our end-to-end regulatory reporting processes.
• Jointly sponsored by Finance and Risk, the vision for the IRR is “delivery of a sustainable regulatory reporting function delivering reliable regulatory returns”. Its scope is multi-dimensional; (i) prudential reporting for the following PRA-regulated entities: HSBC Holdings plc, HSBC Bank plc and HSBC Bank UK plc., and (ii) delivery across Asia, US and MENAT. It will leverage, to the extent possible, existing Change programmes to deliver the required uplifts.
• This senior role has responsibility for delivering a Regulatory reporting traceability framework and execution approach in alignment to the Magnus control standards and design requirements. The role requires extensive understanding of data model management techniques and its application in the regulatory reporting landscape. The role will directly report into the IRR Business and Finance lead.

What you’ll do:

Principal Accountabilities: Key activities and decision making areas        

Impact on the Business/Function

• Design and drive operationally effective IRR control standards for all in-scope risk types, workstreams and processes
• Maintain strong, collaborative working relationships across Finance, Risk and other stakeholder groups.
• Disseminate information around expected business and reporting impacts, and key Programme decisions and issues

Typical Targets and Measures

• Consistent control uplift delivery across in-scope risk types, workstreams and processes
• Maintenance of HSBC’s good standing and the confidence of the Regulators in HSBC’s practices
• Facilitation of key decisions and the resolution of issues in a timely manner.

Customers / Stakeholders

• Engage, inform and advise the programme sponsors
• Inform and advise the Finance ExCo on the delivery commitments and facilitate senior executive decision making, including regional CFOs
• Work with senior stakeholders across Finance & Risk to ensure direction of IRR is fully understood and syndicated
• Work with DBS to ensure requirements are understood and delivery is appropriately prioritised.

Support delivery programme teams in regards to:

• Specification of requirements
• Estimation of time and resources required
• Roadmap and milestones
• Prioritisation
• Support wider IRR programme     

Typical Targets and Measures

• Sponsors have a clear view of programme portfolio and progress
• Delivery teams have clarity on requirements and roadmap
• Upstream dependencies understood and accepted
• Feedback from sponsors and stakeholders is positive

Leadership & Teamwork

• Ability to sponsor change and influence others.
• Collaboration across Finance and with other Functions/Global Businesses involved in the programme.
• Identify and influence the deployment of appropriate Finance staff members on the programme.
• Actively manage talent, leadership development and succession planning
• Drive and lead a high performance culture through effective people management activities
• Act as a role model for the Bank’s Values and Behaviours and cultivate an environment that supports diversity and reflects the HSBC brand
• Clearly communicate progress, issues and successes           

Typical Targets and Measures

• Effective collaboration across Finance, Risk and other stakeholder teams.
• Timely and appropriate programme decision-making, with related communication and/or escalation
• Balance programme requirements with development opportunities for staff members.

Operational Effectiveness & Control

• Ensure implementation of effective and efficient operating model, process and controls.
• Ensure execution of operational risk assessment of new processes
• To continually reassess the design decisions and inherent operational risks, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

Typical Targets and Measures

• Champion the usage of the Group’s Change Framework.
• Participation in Operational Risk Assessments carried out as appropriate.
• Effective and efficient process and controls implemented
• Proactive assessment of changing landscape, including regulatory publication

Major Challenges

• IRR is dependent on in-flight change initiatives to deliver the Controls uplift. The role holder does not have to manage these programmes but has to cultivate a strong partnership and influence with each delivery programme. Requires ensuring planned delivery from each programme combines into a coherent IRR delivery for each reporting type and remaining alert to impact of delivery programme decisions.
• Balancing IRR objectives with delivery of new regulatory requirements in a cost-constrained environment
• Managing potentially conflicting agendas, priorities and timelines across functions and dependent programmes, as well as across geographic and regulatory jurisdictions
• Balancing functional requirements and delivery commitments within the realities of legacy global IT architecture
• Delivering a significant change initiative in a cost-effective manner, driving a simplification agenda

Management of Risk (Operational Risk / FIM requirements)

• The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology
• This will be achieved by ensuring all actions take into account the likelihood of operational risk events, and by addressing any areas of concern in conjunction with line management and/or the appropriate department
• The role will implement the Operational Risk control framework and the BRCMs “Three Lines of Defence”

Observation of Internal Controls (Compliance Policy / FIM requirements)

• The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
• This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.

What you will need to succeed in the role

• Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ MBA (Finance)/ PGDBM-Finance with relevant experience in Treasury reporting, management reporting, global consolidation, financial analysis within IFRS and IAS reporting framework.
• Sound understanding of HSBC Balance Sheet, P&L, market products and line of business (specifically GBM)
• System knowledge - Excellent working knowledge of MS related products i.e. Excel, Power Point, Access and basic knowledge of SQL database (preferable). Knowledge of QRM is a significant plus.
• 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?

• Basic knowledge of SQL database (preferable).
• Knowledge of QRM is a significant plus
• Experience in developing, documentation and process reengineering.
• 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 work in a dynamic environment and adapt to frequent and multiple changes

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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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