Manager - Regulatory Reporting - BFSI

Job Description-Regulatory Reporting Manager

Global Service Delivery is a business-aligned, customer-servicing organisation with the primary objective of driving operational excellence across our businesses worldwide. Achieving this through the consolidation, simplification and continuous improvement of processes across the full range of HSBC operations, the division simultaneously takes responsibility for managing operational, location and processing risk and ensuring that services provided are at a best-in-class price point for the required quality level.

Purpose of Department

Global Finance Centres (GFC) provides a variety of financial support services to business partners across the HSBC Group.

GFC Regulatory Reporting is responsible for producing the PRA reports and RWA disclosures in the Group Annual Report & Accounts and for meeting all Pillar 1, Pillar 3 and Regulatory MI Reporting requirements under Basel 2/3.

The purpose of this role is to manage and assist the GB&M Regulatory Reporting team in preparation of monthly and quarterly returns for submission to the PRA and other Local regulators and the preparation of other analysis for internal customers.

Principal Accountabilities KPI and Targets

Service Delivery

- The quality of the Reports generated must be to a very high standard. The RWA reporting framework that exists is critical to the sustainability of HSBC's business

- Coordinate and support Regulatory Reporting team, provide guidance and act as subject matter expert (SME) with regard to Counterparty credit Risk & Market Risk RWA reporting under PRA

- Drive performance to agreed service levels and manage customers- expectations in a timely and professional manner

- Establish and maintain effective relationship with business areas and identify areas of service improvements by implementing regular calls and feedback mechanism

- Drive performance in team to required standards.

- Maintain high level of employee engagement.

- Effective communication with team members on organisational strategy and goals required for respective roles and responsibilities.

- Create an environment within the team which fosters free sharing of knowledge and ideas

- Adherence to Group policies, audit, controls and compliance requirements. It is imperative that the role maintains a highly effective SOX-compliant control framework.

- Operational capability must be maintained all year round given the frequency of reporting periods (monthly plus additional requirements quarterly, half-yearly and annually).

- The role will need to manage accordingly to ensure that sufficient numbers of capable staff are in place to deliver to reporting requirements.

- Continually assess the operational risks inherent to the process, taking account of operating procedures, staff movements, legal & regulatory requirements

- Manage production of RWAs in accordance with the BASEL Norms and Group Frame work of RWAs

- Ensure all Regulatory Reporting Requirements are considered e.g. PRA (FSA earlier)

- Any process re-engineering must comply with the applicable control environment

- Ensure BCP plan is documented, agreed with Business Partners and tested for all the processes as agreed

- Analytical review,

- Writing Commentaries

- Query resolution

Timely preparation of other analysis requested by internal customers

Customers / Stakeholders

- Group Regulatory Reporting team

- Capital Management

- PRA

- Other internal customers

Teamwork

- Effective communication with line manager on organisation change 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 GFO objectives and deliver. Manage / Support business partner relationship effectively.

Skills/Experience Required

- Qualified accountant( CA/ICWA) or MBA Finance from a reputed institute with 5-8 yrs. or M.com or equivalent degree with 8-12 yrs. experience in Reporting/ Analysis

- Excellent communication skills, including experience of explaining complex technical matters simply and succinctly

- Team management skill is a must

- Good understanding on derivative products, Value at Risk (VaR), underlying risk assessments viz., market risk, credit risk & operational risk.

- Experience that demonstrates ability to learn and apply complex/technical rules/frameworks, for example Basel 2/3, product/model valuation etc

- Knowledge in Marcos, SQL will have an added advantage

- Previous employment with a Financial Institution

- Experience working in/with an organisation that handles complex products (i.e. complexity of accounting, valuation, reporting, risk assessment etc)

- Experience of working with colleagues cross-border in a multinational organization

- Working/detailed knowledge of Operational framework/rules

Desired:

- Previous employment with a Financial Institution in Regulatory Reporting with experience in Basel II, Basel III, COREP, PRA reporting

- Experience working in/with an organization that handles complex products like derivatives (i.e. complexity of accounting, valuation, reporting, risk assessment etc.)

- Experience of working with colleagues cross-border in a multinational organization

- Working/detailed knowledge of Operational framework/rules