VP, RWA Saves & Analytics-GSC’S Job Vacancy in HSBC Gurgaon, Haryana – Updated today

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Company Name : HSBC
Location : Gurgaon, Haryana
Position :

Job Description : The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at the HSBC Group. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.
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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 organisations 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 realise their ambitions.
We are currently seeking an experienced professional to join our team in the role of VP RWA Saves & Analytics.
Principal responsibilities:
Provide RWA analytical and advisory support to Global Businesses and their Business Finance teams
Provide RWA management information for senior Group committees
Provide GRR input into improved communication of RWAs across Business Finance, Risk and Group Treasury
GRR primary contact with other teams for the monitoring of RWA Saves initiatives
Focus on Credit Counterparty Risk (CCR) and Market risk (MR) RWAs Analysis including:
Provide guidance to Global Banking and Global Markets on RWA management and savings
Support RWAs optimisation projects (Klimt, Latitude).
Review and challenge of figures and commentary in RWA reports by Global Business
Appropriate commentary for Board meeting papers as required
Advice/guidance on RWA Annual Operating Plan, forecasting and Stress Testing outputs.
Positive feedback received from Business Finance teams and other stakeholders. Where appropriate feedback actioned in agreed timeframes.
Quality of monthly reporting recognized as best in class and delivered in agreed time frames.
Acknowledged as expert in RWA with business finance and other stakeholders
Ensuring RWA Saves process operates in a robust, controlled way.
Manage the provision of advisory support to Business Finance teams (Global and Regional) to improve RWA management
Provide assurance to senior business and financial management both through robust review & challenge to RWA data (plan/projections & Stress Testing) and through robust monitoring of RWA Saves
Work closely with Group Treasury and Risk teams to identify opportunities to improve the reporting process and raise with relevant team
Ensures procedures are designed effectively and operate robustly such that they meet internal and external audit and regulatory expectations consistent with our market-leading reputation for transparency and quality
Anticipate, identify and mitigate operational risk in an appropriate, cost effective manner
Adhere to the organisational design principles for Global Finance.
Advice provided acknowledged and acted upon by Business Finance. Leading to trusted advisor status.
Able to quantify benefit of RWA challenge and saves to Finance.
Active participation in RWA fora with business finance, and other stakeholders
Develop and foster an excellent working relationship across Business Finance, Group Treasury and Risk plus other finance teams
Collaboration across Financial Control and Global Finance with a culture of ‘One Team’
Maintain a strong and efficient working relationship with the GFC team.
Feedback from stakeholders’ Guidance and mentoring, education and training of more junior staff and offshore teams
Ensure open communication with other functions
Ensure effective contribution and completion of projects
Identify opportunities to improve the reporting process and raise with relevant team
Ensures procedures are designed effectively and operate robustly such that they meet internal and external audit and regulatory expectations consistent with our market-leading reputation for transparency and quality
Anticipate, identify and mitigate operational risk in an appropriate, cost effective manner
Adhere to the organisational design principles for Global Finance.
Continually drive efficiency and effectiveness within the team utilizing low cost locations’ and eliminating wastage.
Demonstrated using well-designed operating metrics in an efficient and transparent manner
RWA management is a key issue for the bank and the job holder will need to be able to manage multiple demands, often with conflicting objectives.
To develop and foster an excellent level of engagement with key stakeholders.
To provide a robust review and challenge role of business RWA movements both for actuals, plan/forecast and stress test data
Ensuring RWA Saves process operates in a robust, controlled way
As indicated above, RWA management is a key issue for the bank thus the jobholder will play a key challenge and advisory role.
RWA Saves is a published measure for the businesses who are under pressure to achieve demanding save targets, the role holder may therefore need to withstand pressure to agree saves meet strict guidelines.
The role is strongly linked to the management of risk as the regulatory reporting is based on risk-sensitive measures, which is why it is so complex.
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 and by addressing any areas of concern with line management and/or the appropriate department.
Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.
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.
By adhering to the bank’s agreed processes/procedures – achieving a satisfactory Audit report.
The Group’s risk-weighted assets at 31 Dec 2020 were USD857 billion; total regulatory capital USD184 billion (CET1 USD136 billion, CET1 ratio of 15.9%); balance sheet assets USD2,984 billion.
Delivery of comprehensive internal RWA reporting
Requirements
Requirements:
Qualified accountant (CA/ICWA) or MBA Finance from a reputed institute with 12-15 yrs. experience in Reporting and analysis in banking or top tier consulting firms
Demonstrates extensive Finance and Regulatory practitioner experience
Detailed understanding of the UK & EU prudential regulatory framework
Extensive knowledge of RWA regulations/calculations (AIRB, FIRB and STD)
CCR and Market Risk experience
Extensive knowledge of RWA regulations for reporting and calculations across all frameworks
Advanced understanding of the UK & EU prudential regulatory framework
Experience that demonstrates ability to learn and apply complex technical rules or frameworks such as Basel 3, CRR2, ITS
Ability to understand complex technical rules and apply them to systems, data and processes to determine impact on regulatory reporting outputs
Good problem solver with well-developed analytical skills
Excellent all-round communication skills
Deep experience of a range of business and operational processes across the breadth of the financial services environment controls
Experience delivering to multiple internal stakeholders etc
Commercially minded and ability to both make decisions in a timely manner
Proven ability to infuence across functions, geographies and businesses
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.”
Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
***Issued By HSBC Electronic Data Processing (India) Private LTD***

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