HSBC Group

Business: Global Finance

Open positions: 1

Role Title: Assistant Vice President Regulatory Reporting GSC’s

Global Career Band: 5

Location (Country / City): India/Gurgaon

Recruiter Name: Kiran.

Why join us?

• 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.

• The Group’s risk-weighted assets at 30 June 2023 were $859.5 billion; total regulatory capital $170 billion (CET1 $126.4 billion, CET1 ratio of 14.7%); balance sheet assets $3,041 billion; LCR 132% and Leverage ratio excluding claims on central banks 5.8%

The Opportunity:

• 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.

What you’ll do:

The main responsibilities of this role are:

• Manage delivery of the Group’s PRA reports on Capital, RWA, Leverage and Liquidity including COREP and Pillar 3 disclosures.

• Review and challenge of regulatory reporting artifacts comprising of Capital, RWA, Leverage and Liquidity metrics as per EU and UK regulatory requirements.

• Manage regulatory change including interpretation of new regulatory requirements, ensuring systems are developed to meet new requirements and are fit for purpose.

• Support and promote regulatory transformation initiatives and support roll out of strategic projects such as Cloud and Basel 3 reforms.

• Monitor regulatory developments and prepare a framework to assess compliance with regulatory framework on an ongoing basis.

• Provide guidance and SME support to reporting teams and stakeholders in the regulatory reporting processes.                                                                                                                

• Partnering closely with Group Regulatory policy, Finance Change, Risk and other teams to implement regulatory changes.

• Manage and document policy interpretations and judgements applied within the regulatory reporting framework.

• Manage internal and external auditors assessing the compliance of reporting framework.

• Assess compliance of responses received from key regulators with regards to the questions raised by reporting institutions.

• Work on consultations released by regulators, seeking feedback from various teams and drafting HSBC responses.

• Seeks and develops ideas to drive innovation projects across Regulatory Reporting to bring efficiencies and minimize operation risks.

What you will need to succeed in the role:

• Qualified accountant (CA/ICWA) or MBA Finance from a reputed institute with experience in Regulatory Reporting for a multi-national bank or top tier consulting firms

• Extensive knowledge of Capital, RWA, Leverage and Liquidity regulations for reporting and calculations across all frameworks

• Advanced understanding of the UK & EU prudential regulatory framework

• Experience that demonstrates ability to learn and apply complex technical rules or frameworks such as Basel 3, CRR2, ITS, and EBA reporting

• Ability to understand complex technical rules and apply them to systems, data and processes to determine impact on regulatory reporting outputs

• Develop and foster an excellent working relationship across Business Finance, Group Treasury and Risk plus other finance teams

• Foster a learning mindset in team to adopt new technologies as well as act as a champion of change for the wider team

What additional skills will be good to have?

• Good problem solver with well-developed analytical skills

• Excellent all-round communication skills

• Deep experience of a range of business and operational processes across the breadth of the financial services environment controls

• Experience delivering to multiple internal stakeholders etc

• Commercially minded and ability to both make decisions in a timely manner

• Proven ability to influence across functions, geographies and businesses

Link to Candidate User Guide:

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(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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