VP Incentives and P&L Forecasting

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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 VP Incentives and P&L Forecasting

In this role you will be primarily responsible for the end-to-end management of International Wealth and Premier Banking (‘IWPB’) business financial & non-financial metrics:  P&L (revenue/costs/ECLs), Balance Sheet, and other KPIs critical to the business, as well as becoming a trusted business partner and enabler for commercial growth by proactively engaging and supporting the business on key topics of concern and opportunities. You will also be the responsible in driving the design, implementation, operation, and oversight of the IWPB Performance Framework locally, with the primary objective of engaging and motivating frontline employees to deliver the right outcomes for retail customers, and to contribute to IWPB’s strategic focus. 

The following are key roles and responsibilities

Impact on business

• Accountable for IWPB Business Finance, by leading full P&L / financial performance tracking, forecasting, reporting, and analysis. 
• Building and maintaining strong working relationships with local/global stakeholders to secure support on IWPB business financials (analysis, guidance & recommendations).
• Becoming a trusted business partner and enabler for commercial growth by proactively engaging and supporting the business on key topics of concern and opportunities.
• Manage the operation of the IWPB Performance Framework, ensuring that right outcomes are delivered for both customer and business.

Customers / Stakeholders

• Proactively work with local/regional stakeholders to achieve business and project targets, ensuring both opportunities and risks are highlighted for holistic assessment of the activities to be undertaken.
• Work with relevant stakeholders to consolidate data and prepare forecast/reports for submissions, ensuring compliance with Group requirements.
• Providing P&L / balance sheet analysis to business, highlighting both the positives / negatives, and the corresponding factors that resulted to the numbers to support the business in its achievement of its targets.
• Liaise with ASP MI and advising offshore team to resolve technical issues, if any, to ensure data is submitted successfully.

Leadership & Teamwork

• Work closely with business stakeholders, notably local/regional FIN, and IWPB teams, to support business growth.
• Interact with executives across locally/globally on all finance-related matters for HSBC Philippines.
• Responsible for co-ordination/preparation of all financial reports / monthly/annual forecasts and other governance reporting requirements.
• IWPB’s financial SME to support projects and ad hoc initiatives; supervise offshore team on MR&A technical issues, and support BSM on ALCM items.

Operational Effectiveness & Control

•            Maintain a strong control environment evidencing by internal and external audit issues.

•            Provide enhanced visibility of Financial/non-Financial metrics (e.g., costs, revenues, PBT, balances, customer/product metrics) and have robust mechanisms for tracking and reporting any items impacting the financial position.

•            Work with rest of WPB & finance team to improve the financial and regulatory reporting process, with a focus on strengthening the overall control environment.

•            Review end-to-end process to achieve effectiveness, provide initiatives to strengthen and reinforce accounting controls and oversight in IWPB MNL.

To be successful in this role, you should meet the following requirements:

• Minimum of bachelor’s degree in finance, business, economics, or related fields. 
• Proven and progressive experience within financial services, with extensive experience of Balance Sheet & P&L management.
• Strong managerial, planning, analytical, communications, decision-making, lateral thinking, influencing, interpersonal and project management skills.
• Evidence of proactively working and communicating effectively with multiple local and global stakeholders across various business lines and within different levels of seniority, and working in a team-oriented environment.
• Knowledge and understanding of the organization and its products, processes and pertinent regulations affecting their delivery.
• Able to work at pace, with competing and challenging priorities / circumstances, and able to lead delivery of good business and customer outcomes.
• This position will be a placement in HSBC Philippines – Bonifacio Global City Taguig.

Candidate with less relevant experience or skills may be offered a lower Global Career Band level than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.
 
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