Assistant Vice President, Management Reporting

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HSBC is one of the largest banking and financial services organizations 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 realize their ambitions.

We are currently seeking an experienced professional to join our team in the role of Assistant Vice President, Management Reporting.

Purpose of the role

Finance Operations is an integral part of Global Finance, supporting teams across the globe through high quality service delivery across a broad range of finance activities. Finance Operations works as one connected team of c3k FTEs (c35% of Global Finance) organized across key global processes in multiple locations in India, Poland, and Mexico.The Management Reporting (MR) team provides for service delivery with respect to Strategic Planning & Stress Testing (SP&ST), Business Finance, Cost Reporting and Customer profitability as one function supporting the Group FP&A, country, regional and global CFO and business finance teams.The Stress Testing team in Australia FP&A ensures that stress testing is implemented across the group in line with best practice for the purpose of (i) risk management, (ii) compliance with the Basel II/III regulatory framework and (iii) meeting enterprise-wide stress testing needs.The role will be part of the Wholesale Portfolio analysis and reporting which supports the aggregation, review, and deep dive analysis of Impairment risk numbers. Governance and Committee Memberships- The role holder will participate in risk governance forums and committees as required.

In this role, you will:

• The role requires supporting the ownership and accountability on some of the key elements of the stress testing framework which includes Providing methodology guidance to the local sites with the support of the Group methodology team ,(Consolidating results, Delivering analysis to Senior Management and co-ordinating with them.
• Responsible for ensuring that stress testing meets the demands of the front office and regulators. Support the expanded scope of Wholesale Credit Risk Management (WCRM) Stress Testing team in the Annual Operating Plan and Global Internal Stress test.

• Providing regular support for smooth running of BAU activities. Collaboration with team on ad-hoc Management Information, projects & analysis and reporting of impairment numbers. Efficient Credit Policy & Group compliance monitoring and take measures to provide assistance with data quality issue and providing adjustments for Expected Credit Loss calculation.

• Drive process efficiency through automation and streamlining initiatives to improve turn-around time of report delivery. Lead the delivery of end-to-end stress testing results (regulatory as well as internal) pertaining to counterparty credit risk (CCR) using exceptional and in-depth analysis.
• Coordination with multiple teams to ensure Stress scenarios and model inputs are appropriately fed in the risk engines, analyzing results, identifying key risk drivers, and recommending management actions on stressed results thereby supporting effective decision making.
• Main point of contact in Wholesale Credit Risk Management (WCRM) for stress testing questions coming from local country teams, regions, other Group teams and regulators. In depth knowledge of IFRS9 impairments framework and associated expected credit loss provisioning. Knowledge of Credit Risk metrics like Probability of Default (PD), Loss given Default (LGD), Exposure at Default (EAD), Expected Credit Loss (ECL), Risk Weighted Assets (RWA)s is mandatory.
• Performing Review and Challenge activities in a timely manner, including: Expected Credit Loss (ECL) analysis, assessing modelling and non-modelling drivers of results, review CRR concentration, Loss given Default (LGD)/ Probability of Default (PD)/ Exposure at Default (EAD) Analysis, identifying themes across the entire Wholesale Risk Portfolio, providing commentary for stress testing results and assisting in making strategic suggestions, timely preparation of necessary decks to present at senior management meetings and get the sign off
• Excellent written and verbal communication skills. Able to independently present results, negotiate and work effectively with senior business and stakeholders across business divisions and geographies.

To be successful you will:

• Qualified Accountant (CA, CWA, MBA, PG Commerce, Graduate Commerce) with +4 years of post-qualification experience in Financial and Management Reporting, Knowledge of or prior experience in fields like cost, stress testing, forecasting processes, financial and management reporting, understanding of, and interest in how new technology may be leveraged to improve reporting processes and controls.
• Qualified risk certification like FRM/PRM or CFA will be desirable
• Prior experience in dealing with virtual business partners across the globe demonstrate the ability to learn abstract concepts and to operate effectively against uncertainty and on unfamiliar ground.
• Good communication skills (oral and written) and good interpersonal skills with positive attitude are essential.
• Must demonstrate the ability to communicate with a various range of stakeholders including technical and non-technical staff.
• Be change oriented and able to cope with pressure and tight deadlines, attention to detail and accuracy.
• Ability to prioritize effectively and meet tight deadlines as required.
• Ability to deal in a multi-stakeholder relationship in a complex environment

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.

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