Assistant Vice President, RWA Production Centre

Job Title:Assistant Vice President, RWA Production Centre

Purpose of the role 

• Global Finance Centres (GFC) provides a variety of financial support services to business partners across the HSBC Group.
• Group Regulatory is responsible for producing the Capital structure and RWA disclosures in the Group Annual Report & Accounts and for meeting all Pillar 1, Pillar 3 and Regulatory MI Reporting requirements under Basel 3.
• The purpose of this role is to mainly manage HNAH and HBMX CCR Regulatory Production/Reporting to assist the Group Regulatory Reporting team in preparation of monthly and quarterly returns for submission to the PRA and the preparation of other analysis for internal customers and senior stake holders.

In this role, you will:

Principal Accountabilities KPI and Targets

Service Delivery

• The purpose of this role is to manage and assist the HNAH and HBMX CCR Reporting in preparation and review of monthly and quarterly returns for submission to the PRA and the preparation of other analysis for internal customers and senior stake holders.
• Manage delivery of the PRA reports on RWA including Pillar 1, Leverage and Pillar 3 disclosures
• Perform and review monthly BAU HNAH/HBMX CCR Reporting and production deliverables, capture review points and ensure sign off
• Manage B3.1 reforms implementation and perform RWA calculations for CCR (Counterparty Credit Risk) per PRA guidelines which includes the manual adjustments, reconciliations and variance analysis etc.
• Work closely with multiple stakeholders (Change Delivery, IT and other business stakeholders) to deliver high quality releases into production (including upcoming regulatory changes), that includes but not limited to documenting requirements, prioritization and subsequent end-to-end regression testing.
• Understand PRA / global Regulatory framework i.e. Process, Regulatory requirements for data purposes & Systems for CCR regulatory Production/Reporting
• Understand in-depth CCR Regulatory Production/Reporting exercise and relevant BDR / BCR Rules.
• Understand and support in documentation of global Regulatory data requirements for Production/Reporting
• Ensure ongoing Reporting and analysis support for seamless service delivery of global Regulatory Production/Reporting reports to various onshore partners to agreed service levels
• Prepare and present templates for monthly and quarterly submissions to the PRA, and other internal customers specific to capital schedules.
• Timely submission of monthly and quarterly returns by sites to Regulatory Reporting
• Timely submission of monthly and quarterly returns to the PRA
• Timely preparation of other analysis requested by internal customers
• Keeping up to date with regulatory consultations and assist the team with interpreting & implementing current and upcoming PRA regulatory requirements.
• Good communication skills to be able to collaborate with global stakeholders daily.
• Identify opportunities for process improvement and participate in change initiatives.
• Pro-active approach in highlighting issues for a timely resolution.
• Ensure participation in various learning initiatives to constantly upgrade their skill set.

Customers / Stakeholders

• Group Regulatory Reporting team
• HNAH CCR Regulatory Reporting team
• PRA Regulatory Reporting team
• Other internal customers
• Group policy Team.

Teamwork

• Effective communication with the manager on organisation changes and goals
• Achieve efficiency in operations and maintain work-life balance.
• Create an environment within the team which fosters knowledge sharing and open forums
• Develop the soft skills and technical competency by putting enrolling into trainings.

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
• Effectively drive change and achieve cross-training
• The ability to work to a high degree of accuracy under pressure is important as during the reporting periods the team is required to meet tight deadlines.
• Ability to prioritize and plan work in an efficient manner.
• Ensure seamless delivery on all the process level activities within timelines and maintain high quality standards. Focus on controls and continuous process improvements.
• Understand Business Partner expectations / requirements ensure alignment to Finance Operations objectives. Manage / Support business partner relationship effectively.

To be successful you will:

• Minimum 8 years of experience in Regulatory Reporting with strong understanding of CCR – SA-CCR Regulation.
• An Accounting degree, bachelor’s degree or other qualifications relevant to the industry. MBA, CA, CWA, CS, CPA, CFA  a plus.
• Strong Knowledge of Regulatory Environment including CRD IV / CRR Rules, BASEL norms, GSIB Reporting, Stress Testing & IFRS standards.
• IFRS 9/ Product knowledge (Derivatives, Repo, Reverse Repo), Credit Risk Mitigation / Collateral concepts, SACCR calculations and
• PRA Capital Rules both Basel 3 and Basel 3 Reforms.
• Must have good people management skills.
• Strong analytical and accounting skills.
• Be number savvy and have the appetite in handling and processing mass volume of data
• Strongly analytical and logical mind-set with proficiency in Microsoft Excel and other query tools (Microsoft Office Access,SQL)
• Independent and Confident, able to work under pressure and handle multiple tasks
• Excellent time management and timely delivery of regulatory reporting information.
• Leadership skills, with ability to build rapport with internal & external customers / Business areas
• Must have excellent attention to detail and work within tight deadlines ensuring a complete and accurate flow of information's between stakeholders.
• Must be experienced in working under pressure on multiple process improvement projects
• Ability to make robust decisions justifiable in an international environment
• Awareness of Project environments

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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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