A V P - Finance Operations GSC’s

Job Description

Description - External

Some Careers Have More Impact Than Others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions.

We are currently seeking an experienced professional to join our team in the A V P - Finance Operations GSC’s.

Principal Accountabilities: Key activities and decision-making areas

Impact on the Business/Function
• Review CCR processes E2E and re-design where applicable to meet IRR standards
• Deliver change, as and when required, to IRR and DAO standards, including completing DAO templates and loading data into tools.
• Facilitating, tracking and monitoring of Data Quality issues.
• Champion and manage the control structure and reporting framework development
• Streamline the reporting process and enhance efficiency.
• Liaise with IT and upstream teams to agree solution design and delivery timeline

Typical Targets and Measures
• Contribute towards robust control framework measured against IRR requirements and control framework guidance.
• Contribute to delivery targets.

Customers / Stakeholders
• Liaise with CCR production/reporting teams as process owners as well as IT/upstream teams to agree system change timelines
• Provide clear guidance to CCR production/reporting teams as well as sites on IRR guidance and impacts to current process
• Participate fully in any system enhancement and development required as part of IRR process uplifts
• Lead management of key internal relationships with development teams and regional/site execution teams

Typical Targets and Measures
• Positive feedback from stakeholders, customers and team members, being a representative from CCR IRR.
• Active participation in the working groups and regular calls in all the relevant forums.

Leadership & Teamwork
• To work effectively with the wider GRR team, Group Risk, the Regions, Sites and IHOs and work as a One finance team
• Support other teams as necessary to deliver overall IRR goals
• Facilitate efficient work relationship with the IT/FCD/Prod/IRR for collaborative delivery of process uplifts

Typical Targets and Measures
• Positive feedback from other members of FCD/ IRR PRA Parent programme/GRR/Global Finance GRR / other business areas/sites;
• Positive feedback from other business areas/sites;
• Contribution/Feedback at team meetings, one-to-one and bi-annual appraisals;

Operational Effectiveness & Control
• Pro-active approach to process improvement by analyzing IRR standards against current process and proposing/designing uplifts where required
• To continually reassess the operational risks inherent in the business and ensure procedures are designed effectively and operate robustly such that they meet IRR, internal and external audit and regulatory expectations.
• Anticipate, identify and mitigate operational risk in an appropriate, cost effective manner

Typical Targets and Measures
• No operational losses or control breaks associated with the implementation of regulatory change or ongoing BAU activity

Major Challenges
• Cater to new PRA/ECB Requirements which are very technical and demand data sourcing and agreement on definitions etc.
• E2E review of current CCR process compared again IRR standards, design process uplifts where required to meet IRR standards
• 100s of manual adjustments/EUC/Manual data hand in to analyses and automate
• The regulatory environment is undergoing continual rapid and complex change, and the jobholder may be required to amend previously agreed plans to account for these changes.
• The jobholder needs to have a clear understanding of the CCR regulatory returns being dress rehearsed and the data contained therein in order to ensure that the data reported is complete and accurate. This will involve picking up and learning new reporting requirements on an ongoing basis.
• The jobholder needs to have good understanding of the changes required to systems to implement the changes and be able to identify and resolve issues in a practical way, including process improvements. In particular an understanding of the CCR CORB3 system and RCT reporting tool.
• The jobholder needs to have a good understanding of HSBC systems to identify sources of information for new ad hoc requests. An element of creative and practical thinking is required to problem solve

Role Context
• Role is based in Global Finance;
• Interfaces with other areas of Global Finance, Traded Risk, IT and other upstream teams submitting data into the CCR process, in addition to staff at sites worldwide;
• Implementing process and systems changes as required by IRR guidance
• Authority to follow up on issues arising during Regulatory Reporting process with other business areas/sites.

Management of Risk
• The jobholder is responsible for ensuring that he is aware of and acts in accordance with the Group Standards Manual and operational risk guidelines.
• The jobholder must ensure the operational risk assessment is carried out and acted upon.
• The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, 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 account of the likelihood of operational risk occurring.
• Also, by addressing any areas of concern in conjunction with line management and/or the appropriate department.

Observation of Internal Controls
• The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
• 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

Requirements

Qualifications - External

What you will need to succeed in the role:

Knowledge & Experience / Qualifications

Knowledge
• Awareness of Basel III/CRDIV and PRA current accounting and regulatory developments
• Knowledge of CCR Reporting process and calculation systems (i.e. CORB3 and RCT)
• Awareness of Data management including Data lineage and Data Controls and Regulatory Reporting Controls advantageous
• Previous experience in a regulatory reporting/change role essential;
• Excellent interpersonal and communication skills, both written and oral;
• Self-motivated and capable of working as part of a team;
• Good mathematical and analytical skills;
• Ability to work under pressure, report to tight deadlines and deal effectively with issues as they arise.

Experience
• Understanding of the Finance operating model at Group and Finance and Risk systems
• Experience in large scale regulatory reporting/change programme change management, driven by IT systems implementation or enhancement, across a large organisation
• Preferably a qualified Chartered Accountant (or other relevant professional qualification) with substantial post-qualification experience in financial services,
• Proficient in Microsoft Office applications (Word, Excel, Visio, Powerpoint)

Skills
• Excellent interpersonal, persuasive and communication skills, both written and verbal, with staff at all levels in global regions
• Flexible and able to work under pressure, report to tight deadlines, and deal effectively with issues as they arise
• Good IT awareness and ability to communicate readily on IT issues in a systems-oriented environment
• Strong excel skills and analytical skills
• Self-motivated and team player with a desire to make a difference and achieving results with a team
• Fast learner capable of adapting readily to a fast changing environment
• Ability to work under pressure, report to tight deadlines, and deal effectively with issues as they arise

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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