HSBC Group

Business: Global Finance

Open positions: 1

Role Title : HBUK IRR Treasury SME

Global Career Band: 3

Location: India/Bangalore / Chennai / Gurugram/ Hyderabad

Recruiter Name: Pallavi Venkateshappa

Why join us?

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC.

The Opportunity:

The Integrity of Regulatory Reporting (IRR) programme was mobilized to build a robust and sustainable control environment around regulatory reporting. The HBUK IRR team is responsible for the implementation in HSBC UK and is accountable to the HBUK CFO and other HBUK key stakeholders. 

This role has responsibility for ensuring that the risks and issues in the regulatory reporting processes are completely and accurately identified, these are appropriately prioritized in the remediation plans and that the remediation deliverables are to the required standard for the reports owned by the HBUK Treasurer. The role holder will work closely with the Change Delivery Leads (CDLs) and HBUK Regional Implementation Lead (RIL) for reports owned by the HBUK Treasurer and will support the HBUK Treasurer to ensure the solutions are fit for purpose, bringing returns into risk appetite in a sustainable way. The role requires awareness of Treasury risks (Capital, Funding and Liquidity and Interest Rate Risk in the Banking Book) and experience with a broad range of regulatory reporting.

Specific responsibilities for this role include:

• Delegating for the HBUK Treasurer at design, review and governance meetings as required.
• Reviewing project deliverables requiring sign off from HBUK Treasurer and supporting the HBUK Treasurer in providing approvals, ensuring that deliverables are to the required standard and ensure that the solutions will effectively reduce reporting risk.
• Provide regulatory reporting SME expertise into design of controls, including traceability and data activities, ensuring these adequately address the regulatory reporting risks and are sustainable.
• Work with the CDLs and central IRR teams to ensure that HBUK priorities are reflected and prioritized in overall delivery plans.
• As delivery progresses, new gaps or design questions may arise. Work with CDLs and BAU teams to design effective and sustainable solutions and ensure that the HBUK Treasurer is updated on any impacts to their returns.
• Provide SME input into the prioritization of Targeted Transaction Testing, and Calculation Compliance Assessments.
• Review and advise on issues arising as remediation progresses (issues may arise through testing, Risk & Control Assessments, Assurance reviews and identified through IRR delivery work), to ensure they are addressed and resolved i.e.. that an effective feedback loop is in place.  Work with DAO and controls teams to ensure that HBUK data and control issues are prioritised for delivery and that HBUK treasurer has a clear picture of all risks and issues impacting their returns.
• Navigate and influence at senior levels to ensure stakeholder buy-in and support for HBUK prioritization and resolution of blockers.

IRR delivery is dependent on initiatives and activities across functions, including Risk, Finance, and DBS and Global Businesses and therefore this role holder may need to engage across these areas. With increased focus on regulatory reporting, the role holder will support engagement with regulators and updates to senior governance forums on progress and impact of the programme and the subsequent maintenance and review to ensure that the uplifts remain sustainable.

What you’ll do:

Impact on the Business:

• Lead decision on the optimal remediation plan to achieve risk reduction for each return.
• Adapt remediation plans as indicated by the feedback loop.
• Provide Subject Matter Expertise to support delivery of sustainable outcomes.
• Recognized regulatory reporting risk reduction.
• Engagement of all impacted teams.

Customer / Stakeholders:

• Engage, inform and advise the Delivery and BAU reporting teams.
• Educate BAU stakeholders on newer requirements such as Traceability and the Data Policy.
• Facilitate HBUK IRR decisions on prioritization and design.
• Guide delivery teams on remediation requirements to ensure these are delivered to standard.
• Influence and challenge BAU teams, IRR Central Team, dependent IRR delivery teams and programme partners, such as the Data & Analytics Office (DAO), to ensure IRR objectives are met and control outcomes are robust and sustainable.
• Delivery teams have clarity on requirements.
• Feedback from sponsors and stakeholders is positive.

Leadership and Teamwork:

• Drive awareness of the targeted control environment.
• Work with the Programme Director to ensure the HBUK IRR plans achieves the agreed risk reduction.
• Act as a role model for the Bank’s Values and Behaviours and cultivate an environment that supports diversity and reflects the HSBC brand.
• Active partnership with BAU and delivery teams.
• Effective collaboration across Finance, Risk and other stakeholder teams.

Operational Effectiveness and Control:

• Ensure execution of operational risk assessment of new processes.
• Ensure IRR enhancements are designed sustainably.
• IRR processes and activities compliant with HSBC policies and regulations.

Major Challenges:

• IRR is dependent on in-flight change initiatives to deliver the Controls uplift and Operating Model change. The role holder does not manage these initiatives and has to cultivate a strong partnership and influence with each delivery programme/area.
• Balancing IRR Programme objectives with delivery of new regulatory requirements in a cost-constrained environment.
• Balancing functional requirements and delivery commitments within the realities of legacy global IT architecture and a cost-constrained environment.

Role Context:

• Regulators have increasing expectations around the accuracy of regulatory reporting.
• This role is set up to ensure that change activities in support of IRR achieve the reduction of regulatory reporting risk to an acceptable level within a time- and cost-constrained environment.

Management of Risk:

• 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 “Three Lines of Defense.

Observation of Internal Controls:

• 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 optimizing relations with regulators.

What you will need to succeed in the role:

• Prudential regulatory reporting experience and demonstrable in-depth understanding of regulatory reporting, including controls for regulatory and financial reporting processes.
• Awareness of Treasury risks (Capital, Liquidity, Funding and Interest Rate Risk in the Bank Book) and regulatory expectations.
• Understanding of Finance and Risk operating model, processes, systems and data flows at Group, Business and Country level.
• Relevant knowledge of the Group’s Finance, Risk and IT functions in multiple locations.
• Exceptional drive, motivation and commitment and focus on operational excellence.
• Ability to work in fast-paced environment with proven ability to handle multiple outputs at the same time.
• Strong collaboration and influencing skills, with proven experience of building and maintaining strong relationships with stakeholders at all levels of seniority.

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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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