CA Exp required as AM - Finance Operations at HSBC
AM - Finance Operations : 00005CRH
Description
Job Title: GFC – IRR – Assistant Manager
Department: IRR
Location: NCR
Purpose of Department
To produce and review the Interest Rate Risk reports, 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.
The role is also accountable for NII projections in a base or stressed environment, along with global stress-testing requirements for HSBC..
Principal Accountabilities KPI and Targets
Impact on the Business
· Ensure service delivery of IRR reports as per the standards set out in agreed SLAs within the HSBC Global Resourcing operating framework taking into account key operational risk (including people & processes) and ways to mitigate those
· Participate in stress-testing execution, including filling of FDSF templates
· 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
· 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
Customers / Stakeholders
· Regional ALCM, Site ALCM teams, Group ALCM teams and Global IRRBB Project team.
· Understand stakeholders’ (i.e. Country data analysis’s, onshore 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 onshore MI teams
· Liaise with onshore MI teams
· Respond to queries from customer and senior group level management as appropriate
Leadership & Teamwork
· To work effectively with varying levels of people in Finance Function, IRRBB 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 onshore requirements
· Ensure MI produced in line with onshore requirements
· Communicate effectively with the team members and be a team player
· Effective communication with the HSBC region-wise Inter-company reconciliation teams
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.
Qualifications
Skills/Experience Required
· Qualified CA (Chartered Accountant)/CWA /CPA /CFA/ MBA (Finance)/ PGDBM-Finance with at least 4+ years of post-qualification experience or commerce graduates with at least 6+ years of experience in accounting/financial reporting, management reporting, global consolidation, financial analysis within US GAAP, IFRS and IAS reporting framework
· Good knowledge of Interest rate Risk and relevant regulatory changes in a global environment preferable would be an added advantage
· Sound understanding of HSBC market products and line of business specifically GBM.
· Strong attention to detail having strong analytical skills.
· General understanding of financial products (specifically Retail, GB&M ) and how they impact finance operations and more generically the banking business
· 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).
· Experience in developing and documenting 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.
· 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.
· Excellent planning and organizational skills with ability to adapt to changing situations and to understand issues quickly.
· Willing to challenge the status quo, be proactive and innovative in driving change
· Willing to travel if needed
