HSBC Group

Business: Finance

Open positions:1

Role Title: GFO - ALCM Manager GSC’s

Global Career Band: 6

Location (Country / City ): India/Gurugram

Recruiter Name : Kiran

Why join us?

• IRRBB is one of the specialist functions within Finance Operations and is part of the Treasury IRRBB operations. IRRBB is a sub-specialization within Treasury is linked with management of Interest Rate Risk Risk in the Banking Book. This role is being advertised for IRRBB team within Treasury.

The Opportunity:

• This role is part of the IRRBB Model Operations vertical. HSBC uses a Model which helps calculate and quantify the interest rate risk. We are seeking a skilled and detail-oriented professional to join our Interest Rate Risk Management Team. The key skills we are looking for are strong analytical, problem-solving and data interpretation skills, proficiency in financial model management and understanding of interest rate risk and its application to a bank.

The key responsibilities for this role include:

• Model maintenance and enhancements to produce the Interest Rate Risk reports, which includes Economic Value of Equity (EVE) report & Net Interest Income (NII) report and other gap reports. The process involves liaising with various stakeholders 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 using the prescribed calculation engine to generate 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:

• Maintenance of IRRBB Calculation Model (QRM) ensuring accurate and timely outputs.
• To produce 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
• Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making.
• Acquire knowledge in banking/financial services
• Co-ordinate, work-closely with Treasury counterparts across the globe
• Performance Standards as defined in SLA met or exceeded
• Assist in periodic updates, configuration and amendments to the model
• 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

What you will need to succeed in the role:

• Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ MBA (Finance)/ PGDBM-Finance with at least 2+ years of post-qualification experience or commerce graduates with at least 3 years of experience in accounting/financial reporting, management reporting, global consolidation, financial analysis within IFRS and IAS reporting framework
• Deep understanding of 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.
• 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 role requires relationship management with other individuals and teams within the HSBC Group

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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