HSBC Group

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The VP Loan Accounting Controller – U.S. will be responsible for providing deep controllership, subject matter expertise and financial leadership across a portfolio of activity including Expected Credit Loss recognition (IFRS 9 and CECL) in close partnership with Credit Risk colleagues, loan accounting and period end close activities, and the preparation of related external financial statement disclosures. The candidate will be a self-starter with a proven ability to succeed in a fast paced environment characterized by competing priorities and complexity.

As our VP Loan Accounting Controller – U.S. you will be responsible for:

• Supervising the teams responsible for the month end close process for HSBC’s commercial and retail lending portfolios and the key judgements associated with IFRS and U.S. GAAP credit loss provisions
  
• Preparing SEC and HSBC Group external financial statement disclosures attributable to HSBC’s lending portfolio in the U.S.
  
• Supervising the teams responsible for the preparation of monthly account reconciliations
  
• Maintaining a strong control environment and evaluating controls over financial accounting and reporting
  
• Determining the impact of new products and business initiatives on financial accounting procedures and controls
  
• Participating in stress testing and risk assessments as matters arise 
  
• Frequent interactions with Assurance teams as well as Internal and External Audit functions
  
• Assessing the impact of accounting changes on HSBC’s reporting
  

For this role, HSBC targets a pay range between $138,400.00 and $207,600.00

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.

At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.

You´ll likely have the following qualifications to succeed in this role:

• A U.S. Certified Public Accountant (CPA) qualification, or international equivalent, and a degree in accounting or finance from an accredited institution
  
• Significant experience in a U.S. bank accounting environment
  
• Experience with credit risk accounting and disclosure principles with a good understanding of IFRS 9 and CECL requirements
  
• A strong background in establishing and monitoring controls over financial accounting and reporting
  
• Knowledge of financial products and experience closing the books and producing financial statement disclosures for financial institutions
  

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC’s engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You’ll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!

All qualified applicants will receive consideration for employment without regard to age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.