Assistant Vice President, Regulatory Reporting, GSC’s Job Vacancy in HSBC Gurgaon, Haryana – Latest Jobs in Gurgaon, Haryana

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Company Name : HSBC
Location : Gurgaon, Haryana
Position : Assistant Vice President, Regulatory Reporting, GSC’s

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.
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 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 AVP – Regulatory Reporting.
Principal responsibilities:
Assess the compliance of reporting instructions as laid down by the regulators
Monitor regulatory developments and prepare a framework to assess the compliance on an ongoing basis
Manage internal and external auditors assessing the compliance of reporting framework
Design and implement controls to ensure compliance with regulatory reporting instructions and improve accuracy of reporting
Work with Group Regulatory policy, Finance Change, Risk and other teams to implement regulatory frameworks.
High quality MI and reporting capabilities with clear insights into RWA and Capital drivers
Accelerated turnaround in delivering MI through new age visualization tools
Positive feedback received from stakeholders
Quality of monthly reporting recognized as best in class and delivered in agreed time frames
Drive strategic initiatives to transform regulatory reporting function
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 and cost effective manner
Adhere to the organizational design principles for Global Finance
Implementing new age technologies to automate reporting function. Leading to efficiencies, better user experience, acceleration in timelines and reduction in operational risk
Develop and foster an excellent working relationship across Business Finance, Group Treasury and Risk plus other finance teams
Drive an innovation culture within the team and enabling a change mindset
Foster a learning mindset in team to adopt new technologies as well as act as a champion of change for the wider team
Guidance and mentoring, education and training across 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
Elimination of end user applications and manual processes. Improvement in control framework and minimize operational risk
Managing Regulatory and Capital reporting is a key issue for the bank and the job holder will need to be able to manage multiple demands, often with conflicting objectives.
Collaborate across Policy, Risk, Change and other Finance teams to assess the compliance of regulatory rules and implementing necessary changes
Maintaining high standards of documentation and compliance assessments with no margin of error
Role Context (The environment and operating conditions of the role including the extent of guidance and authority)
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 optimizing relations with regulators.
By adhering to the bank’s agreed processes/procedures – achieving a satisfactory Audit report.
Role Dimensions (e.g. balance sheet size, lending/expenditure limits, size/volume of transactions, budget. in USD’000)
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 and external Regulatory reporting
Requirements
Requirements:
Qualified accountant (CA/ICWA) or MBA Finance from a reputed institute with 8-12 yrs. or M.com or equivalent degree with 8-12 yrs. experience in Reporting/ Analysis
Experience that demonstrates ability to learn and apply complex technical rules or frameworks, for example Basel 3, product or model valuation etc
Extensive knowledge of RWA regulations for reporting and calculations across all frameworks
Advanced understanding of the UK & EU prudential regulatory framework
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 influence across functions, geographies and businesses
You’ll achieve more when you join 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, colour, 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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