Assistant Vice President , Financial Accounting, Singapore

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If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

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 Assistant Vice President - Financial Accounting, Singapore

Purpose of the role

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing finances and costs and deploying capital in the most effective way. Finance operations (Fin Ops) is core to Global Finance and provides a variety of financial support services to In-Country teams across the HSBC Group. The current position is in HSBC Financial Accounting team that involves period end close, accounting controls and balance sheet substantiation leading to IFRS, FINREP, Global Systemically Important Banks (GSIB) & CE reporting which is a key input into the Group Financial Reporting (GFR) process. The role holder will be responsible for managing complex accounting events such as manual journals, which are key to the ledger close, provide robust accounting and business insight into Trial Balance analysis, substantiation, exception management and book closure managing monthly and quarterly IFRS/FINREP/Regulatory and MI Reporting and manual returns for legal entity. Extensive involvement with all stakeholders. Engagement in process improvement and automation initiatives.

In this role, you will:

• Process Leader for one of the Financial Accounting work streams for the region and all legal entities within that, SME in the area of financial control & accounting and have an end-to-end knowledge in closure of books per IFRS
• Extensive exposure in various aspects of Site Reporting IFRS/FINREP/GSIB/Regulatory/ MI Reporting and Manual return) and have the ability to move to a hands-on approach with experience in analytical review.
• Coordinate with the regional finance teams for preparation of accounts, timely closure of GL, completion of Site Reporting, operate within tight deadline for production and reporting activities; at the same time not to compromise on accuracy
• Establish and run a strong quality control framework for outputs and activities, drive governance on exceptions. Seek input from various stakeholders, connect with other departments for end to end and satisfactory service delivery.
• Lead new projects/assignments/process/transformations: Identify, Drive, Build & operate it as BAU and implement new technologies and drive process automation/ standardization.
• Ability to prioritize and plan work in an efficient manner, deliver process improvement / efficiency.  Partner with change management to support continuing process re-engineering initiatives.
• Adherence to Group policies, IFRS reporting requirements, audit, controls and compliance requirements. This also includes and is not limited to Declaration of secrecy, data protection act, health, safety and security, clear desk policy 

To be successful you will:

• CA/CPA/ACCA/MBA/ICWAI with strong Financial Control and Stakeholder Management skills and strong background of IFRS norms are preferred. Overall post qualification experience of not less than 8-10 years for CA, MBA: 9-11 yrs
• Prior experience in month end closure processes, Site Reporting and experience of working with processes involving US GAAP / HIGAAP/ IFRS understanding is required
• Proven track record of role in controllership in BFSI sector and sound knowledge of financial products and businesses such as Commercial Banking and Global Banking etc.
• Experience in managing mid-size teams in specialized functions

• Working knowledge of FTP/HUB/Fusion etc. is required, good knowledge of Analytical tools, MS Access Database, SAS will have an added advantage

• Experience that demonstrates ability to deliver BAU and Change/ Transformation Projects
• Experience in policy interpretation and implementation              
• Understanding of Global markets, products, securities etc.

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

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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