Description

Role Title: Assistant Vice President ALCM Operation GCB: 5 Location (Country / City): Gurgaon Recruiter Name: Madhura Gupte Why join us? ALCM is one of the specialist functions within Global Finance Operations. ALCM in FinOps can be split into 2 distinct sub-specializations Liquidity Reporting and Interest Rate Risk Risk in the Banking Book (IRRBB) reporting.. Liquidity Reporting is a vital component in assessing the bank’s vulnerabilities, determining liquidity and funding risk through various Basel metrices and thereby the resilience of the bank through improved risk management. As such, the role holder will operate within one of the most complex Finance and Risk management processes within the bank, with results driving liquidity positions & requirements and the potential to affect our reputation, curtail dividends and impact the share price. Liquidity Reporting is a strategic and regulatory priority with ever increasing expectations. The Opportunity: This role is part of the ALCM, Liquidity Reporting vertical. The key responsibilities for this role include: To produce and review Liquidity reports, which includes Internal Liquidity Metric, PRA 110, Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Conc, Term Funding etc. The process involves liaising with various in-country 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 (with balance sheet focus) (4) Basel III framework 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/activies basis Target Operating Model (TOM). Qualifications What you will need to succeed in the role: Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ MBA (Finance)/ PGDBM-Finance with at least 8+ years of post qualification experience or commerce graduates with at least 10+ years of experience in accounting/financial reporting, management reporting, global consolidation, financial analysis within IFRS and IAS reporting framework Hands-on experience of Product Control reporting and reconciliation processes, or regulatory reporting Deep understanding of Balance Sheet Sound understanding of HSBC market products and line of business 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. Basic knowledge of SQL database (preferable). Knowledge of Finarch/ Moodys/ Big Data is a 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 Ideally, experience of leading and managing teams of between 2-4 members or experience of being a senior/deputy within a team Global Exposure: Ability to interact with multiple cultures / multi-tasking. What you’ll do: Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures Impact on the Business To produce and review the Liquidity Risk reports for assigned geographies, which includes Internl Liquidity Metric, PRA 110, Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Conc, Term Funding etc. 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 (with balance sheet focus) (4) Basel III framework To have a good understanding of GLRS systems viz. Moodys, Finarch and Big Data To provide sites with various liquidity monitoring reports viz. Wholesale Mismatch Report, daily LCR etc To produce and review ALCO pack to assist Asset Liability Committee (ALCO) in decision making related to liquidity adequacy, capital adequacy, structural funding profile, Interest rate risk in banking book, transfer price policy etc Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making Analyse business performance and provide commentaries Acquire knowledge in banking/financial services Identify opportunities for development and drive changes independently Co-ordinate, work-closely with in-country finance teams across the globe Performance Standards as defined in SLA met or exceeded Customer Feedback 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 Quality of contributions to liquidity reporting reporting activities Effective support of overall engagement Accurate and timely management of risks, issues and dependencies Clear communication to stakeholders Effectiveness of control framework Customers / Stakeholders Regional ALCM, Site ALCM teams, Group ALCM teams, Global Liquidity Reporting Project team. Understand stakeholders’ (i.e. Country data analysis’s, in-country teams) needs, identifying and implementing improvements in a continuous manner from a data standpoint. Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism Influence and escalate key customer issues in an effective way to ensure timely resolution Continuous reviews of the customer issues and ensure products and services are tailored on an ongoing basis to meet expectation. Ensure MI is provided to and easily understood by in-country teams – site ALCM and BSM desks Respond to queries from customer and senior group level management as appropriate Positive contribution to support interactions Positive feedback and improving engagement Leadership & Teamwork To work effectively with varying levels of people in Finance Function, ALCM Programme work streams, PMO, IT as required. Ensure roles & tasks are clearly mapped and understood as relevant. Independently manage the process to ensure all variances are resolved and appropriate entries are suggested in line with in-country requirements Ensure reports produced are in line with group framework and onshore requirements Coach team to ensure performance metrics i.e. MI produced in line with requirements Ensure team is developed by undertaking a training needs analysis for each team member. Ensure personal development plans are in place covering product knowledge, technical and soft skills Communicate effectively with the team members and be a team player Effective communication with the HSBC region-wise Inter-company reconciliation teams Effective collaborating across team at relevant level of the organisation Effective organisation and engagement Operational Effectiveness & Control Adherence to Group policies, audit, controls, and compliance requirements including but not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy To continually assess the operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology. Effectively manage change, plan business contingency and achieve cross-training Ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines Ensure all SOP’s are in place and updated appropriately Ensure right first time processes/checks in place for MI production Ensure control processes are in place to maintain data integrity. Effective value adding contribution to the design of regulatory interaction processes Production of governance MI’s Quality and completeness of contributions Positive contribution to data used for liquidity reporting. Quality and accuracy of data. Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities) Strong communication skills on a strategic, business and technical level. Broad role encompassing all customer groups, business lines and risk categories as well as a wide range of regulatory requirements. Environment of significant ambiguity and pressure to provide expertise on upcoming requirements within short timescales, and within a changing regulatory environment Ability to interpret complex regulatory requirements Defining the approach and dealing with complex and at times conflicting requirements Management and control of multiple complex global planning & regulatory liquidity reporting requirements Ensure that potential risk areas are accurately recognised and provide assurance that solutions are delivered in a timely, concise and apposite report, the jobholder needs to have independence of thought and lateral thinking. The jobholder must be able to communicate efficiently in the technical as well as non-technical, business world, and relate to the needs of both. Role Context (The environment and operating conditions of the role including the extent of guidance and authority) The demand for , both internally and externally. Internal demand comes from senior management. External demand comes from regulatory requirements There is an opportunity to align the processes to leverage the synergies that exists in the respective processes The individual is expected to develop, explain and foster best practice required to achieve this objective in this area. Management of Risk (Operational Risk / FIM requirements) The jobholder will also continually reassess the operational risks and likelihood of operational risk occurring. This will be achieved by reviewing risks associated with the role and inherent in the business, taking account of changing global economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new processes. Effective and timely remedial action should be evidenced. Observation of Internal Controls (Compliance Policy / FIM requirements) The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, 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. Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget. in USD’000) Managing the projected balance sheet of HSBC Group Plc in excess of $2Trillion in size. The results and mitigating actions, as well as successful execution and submission to regulators impacts capital requirements for the entire Group, including all regions, customer groups and risk categories.

Role and Responsibilities

• Role Title: Assistant Vice President ALCM Operation GCB: 5 Location (Country / City): Gurgaon Recruiter Name: Madhura Gupte Why join us? ALCM is one of the specialist functions within Global Finance Operations. ALCM in FinOps can be split into 2 distinct sub-specializations Liquidity Reporting and Interest Rate Risk Risk in the Banking Book (IRRBB) reporting.. Liquidity Reporting is a vital component in assessing the bank’s vulnerabilities, determining liquidity and funding risk through various Basel metrices and thereby the resilience of the bank through improved risk management. As such, the role holder will operate within one of the most complex Finance and Risk management processes within the bank, with results driving liquidity positions & requirements and the potential to affect our reputation, curtail dividends and impact the share price. Liquidity Reporting is a strategic and regulatory priority with ever increasing expectations. The Opportunity: This role is part of the ALCM, Liquidity Reporting vertical. The key responsibilities for this role include: To produce and review Liquidity reports, which includes Internal Liquidity Metric, PRA 110, Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Conc, Term Funding etc. The process involves liaising with various in-country 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 (with balance sheet focus) (4) Basel III framework 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/activies basis Target Operating Model (TOM). Qualifications What you will need to succeed in the role: Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ MBA (Finance)/ PGDBM-Finance with at least 8+ years of post qualification experience or commerce graduates with at least 10+ years of experience in accounting/financial reporting, management reporting, global consolidation, financial analysis within IFRS and IAS reporting framework Hands-on experience of Product Control reporting and reconciliation processes, or regulatory reporting Deep understanding of Balance Sheet Sound understanding of HSBC market products and line of business 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. Basic knowledge of SQL database (preferable). Knowledge of Finarch/ Moodys/ Big Data is a 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 Ideally, experience of leading and managing teams of between 2-4 members or experience of being a senior/deputy within a team Global Exposure: Ability to interact with multiple cultures / multi-tasking. What you’ll do: Principal Accountabilities: Key activities and decision making areas Typical Targets and Measures Impact on the Business To produce and review the Liquidity Risk reports for assigned geographies, which includes Internl Liquidity Metric, PRA 110, Liquidity Coverage Ratio (LCR) report, Net Stable Funding Ratio (NSFR) report, Additional Monitoring Metrics (AMM) report, ALCO packs and other liquidity reports viz. Depositors Conc, Term Funding etc. 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 (with balance sheet focus) (4) Basel III framework To have a good understanding of GLRS systems viz. Moodys, Finarch and Big Data To provide sites with various liquidity monitoring reports viz. Wholesale Mismatch Report, daily LCR etc To produce and review ALCO pack to assist Asset Liability Committee (ALCO) in decision making related to liquidity adequacy, capital adequacy, structural funding profile, Interest rate risk in banking book, transfer price policy etc Understand business requirements and interpret data to provide meaningful analysis to facilitate business decision-making Analyse business performance and provide commentaries Acquire knowledge in banking/financial services Identify opportunities for development and drive changes independently Co-ordinate, work-closely with in-country finance teams across the globe Performance Standards as defined in SLA met or exceeded Customer Feedback 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 Quality of contributions to liquidity reporting reporting activities Effective support of overall engagement Accurate and timely management of risks, issues and dependencies Clear communication to stakeholders Effectiveness of control framework Customers / Stakeholders Regional ALCM, Site ALCM teams, Group ALCM teams, Global Liquidity Reporting Project team. Understand stakeholders’ (i.e. Country data analysis’s, in-country teams) needs, identifying and implementing improvements in a continuous manner from a data standpoint. Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism Influence and escalate key customer issues in an effective way to ensure timely resolution Continuous reviews of the customer issues and ensure products and services are tailored on an ongoing basis to meet expectation. Ensure MI is provided to and easily understood by in-country teams – site ALCM and BSM desks Respond to queries from customer and senior group level management as appropriate Positive contribution to support interactions Positive feedback and improving engagement Leadership & Teamwork To work effectively with varying levels of people in Finance Function, ALCM Programme work streams, PMO, IT as required. Ensure roles & tasks are clearly mapped and understood as relevant. Independently manage the process to ensure all variances are resolved and appropriate entries are suggested in line with in-country requirements Ensure reports produced are in line with group framework and onshore requirements Coach team to ensure performance metrics i.e. MI produced in line with requirements Ensure team is developed by undertaking a training needs analysis for each team member. Ensure personal development plans are in place covering product knowledge, technical and soft skills Communicate effectively with the team members and be a team player Effective communication with the HSBC region-wise Inter-company reconciliation teams Effective collaborating across team at relevant level of the organisation Effective organisation and engagement Operational Effectiveness & Control Adherence to Group policies, audit, controls, and compliance requirements including but not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy To continually assess the operational risks inherent in the processes, taking account of changing operating procedures, staff movements, legal and regulatory requirements, management restructures, and the impact of new technology. Effectively manage change, plan business contingency and achieve cross-training Ensuring BCP plan is documented, agreed with business partner and tested as per agreed timelines Ensure all SOP’s are in place and updated appropriately Ensure right first time processes/checks in place for MI production Ensure control processes are in place to maintain data integrity. Effective value adding contribution to the design of regulatory interaction processes Production of governance MI’s Quality and completeness of contributions Positive contribution to data used for liquidity reporting. Quality and accuracy of data. Major Challenges (The challenges inherent in the role that require a continual test of the role holder’s abilities) Strong communication skills on a strategic, business and technical level. Broad role encompassing all customer groups, business lines and risk categories as well as a wide range of regulatory requirements. Environment of significant ambiguity and pressure to provide expertise on upcoming requirements within short timescales, and within a changing regulatory environment Ability to interpret complex regulatory requirements Defining the approach and dealing with complex and at times conflicting requirements Management and control of multiple complex global planning & regulatory liquidity reporting requirements Ensure that potential risk areas are accurately recognised and provide assurance that solutions are delivered in a timely, concise and apposite report, the jobholder needs to have independence of thought and lateral thinking. The jobholder must be able to communicate efficiently in the technical as well as non-technical, business world, and relate to the needs of both. Role Context (The environment and operating conditions of the role including the extent of guidance and authority) The demand for , both internally and externally. Internal demand comes from senior management. External demand comes from regulatory requirements There is an opportunity to align the processes to leverage the synergies that exists in the respective processes The individual is expected to develop, explain and foster best practice required to achieve this objective in this area. Management of Risk (Operational Risk / FIM requirements) The jobholder will also continually reassess the operational risks and likelihood of operational risk occurring. This will be achieved by reviewing risks associated with the role and inherent in the business, taking account of changing global economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new processes. Effective and timely remedial action should be evidenced. Observation of Internal Controls (Compliance Policy / FIM requirements) The jobholder will adopt the Group Compliance Policy by escalating any identified compliance risk in liaison with, 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. Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget. in USD’000) Managing the projected balance sheet of HSBC Group Plc in excess of $2Trillion in size. The results and mitigating actions, as well as successful execution and submission to regulators impacts capital requirements for the entire Group, including all regions, customer groups and risk categories.