Assistant Vice President - Indirect Cost

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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 Assistant Vice President - Indirect Cost

In this role, you will:

• This role will manage end-to-end processes for Indirect costs, ServCo management, HGMS Recharges, GSC Recharges R&C Charges to Business and Internal Third-party cost allocations across the R&C function.Support the preparation, tracking, and reporting of the R&C indirect cost Financial Resource Plan (FRP).
• Ensure accurate and timely execution of recharges and R&C charges to business units.Assist in the development and implementation of financial frameworks and governance for indirect cost management.
• This role supports the execution of financial controls, cost transparency, and the development of efficient cost frameworks to drive financial discipline within the Risk & Compliance organization.This role will ensure robust data hygiene from a ServCo Management perspective, including the timely resolution of IGSA/CSL breaks, effective query management, and prompt handling of change requests.
• The role will attend the monthly ServCo Management Committee, acting as the conduit for sharing relevant information with Business Managers and updating ServCo on R&C changes. The AVP will drive continuous improvement in ServCo processes, ensuring high standards of data integrity, governance, and stakeholder engagement.
• Act as a key liaison between CAO, Finance, Procurement, Group Infrastructure, and Service Delivery teams for all ServCo and recharge matters.Build effective working relationships with regional and global stakeholders to manage cost expectations and ensure accountability.Provide consistent, high-quality Management Information (MI) on business performance at the LoB/sub-function level to support management decision-making.
• Prepare and deliver insightful MI and analytics to support strategic discussions with senior management.Support the continuous improvement of cost management processes, ensuring alignment with group policies and regulatory expectations.Assist in financial analysis to support cost recovery, resource allocation, and FRP planning.
• Ensure compliance with HSBC internal control standards and external audit/regulatory requirements, particularly in relation to intercompany billing agreements.Support internal and external audit readiness and implementation of recommendations.Proactively identify and manage operational and financial risks associated with indirect cost management.
• Provide guidance and subject matter expertise to junior team members.Foster a culture of financial stewardship, transparency, and compliance within the team.Actively contribute to transformation and cost-efficiency programs as part of the wider R&C strategy.The role holder will need to be dynamic, and service oriented with a can-do attitude. It will be a critical element to ensure that the individual can prioritise and ensure it meets the ongoing needs

To be successful, you will:

• Strong financial acumen with deep understanding of cost allocation models, third-party cost frameworks, and intercompany charging. Good understanding of HSBC ServCo structure and recharge governance requirements.
• High degree of expertise and knowledge in relation to all financial management activities.Considerable experience of financial and business planning within an international banking environment or within HSBC
• Solid knowledge in relation to quality assurance and audit within a risk management context. Strong awareness and understanding of HSBCs internal control and operational risk environment. Excellent understanding of the purpose, values, culture, and fundamental framework of R & C, as well as the broader HSBC organization
• Graduate degree in Commerce, Finance, Accounting, or Business Management. 6–7 years’ experience in finance, business management, or cost control functions in a global organization. Strong financial acumen with understanding of cost allocation models, third-party cost frameworks, and intercompany charging.
• Experience managing indirect costs, recharges, or service company financials in a matrix environment. Strong analytical, problem-solving, and stakeholder engagement skills.
• Familiarity with HSBC financial systems and cost control policies preferred. Excellent understanding of the purpose, values, culture, and fundamental framework of R & C, as well as the broader HSBC organization
• Demonstrated experience in managing customer and stakeholder issues in a matrix organizational context. 
• Expertise in cost governance, budgeting, MI, and reporting tools.Strong Excel, Power BI, and financial modelling skills.

You’ll achieve more at 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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