AVP Finance

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Job Descriptors

International Wealth and Premier Banking (IWPB) helps deliver on HSBC's purpose of opening up a world of opportunity by providing our customers with borderless banking and world-class wealth management through best-in-class, mobile-first capabilities, and exceptional people. Our international network and breadth of expertise enable us to support individuals, families, business owners, investors, and entrepreneurs. International Wealth and Premier Banking provides a leading premium proposition through Premier Banking and, together with our Private Bank, are present across the world's most important markets, booking centres, and corridors most valued by our clients. Our wealth offering is further enhanced through our best-in-class manufacturing capabilities in Asset Management and Insurance.

Principal Accountabilities

Role Purpose

Internal Controls - Maintains HSBC internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators

Preparation and submission of the entire Group reporting – Assurenet / Cadency Reporting, SARACEN Reporting,

Tracking, preparation and submission all the Quarter ending and Year ending Gather and group submissions

Preparation and providing detailed variance analysis (including commentary) for P / L, Balance Sheet, GSR (AUM), Ledger Scrutiny

Preparation and submission of the FUSION reporting, Maintenance of Fixed Asset Register, GST reporting, Direct Tax reporting, Bank Payment transaction uploads, reviews and reconciliation, Cash flow management, Treasury operations.

Adherence to Group Compliance Policy .

Awareness of the Operational Risk scenario associated with their role.

Internal local reporting – preparation of monthly EXCO pack for AMIN top team, Branch P&L, Focus 75 monitoring model, Risk Map submission.

Preparation and submitting monthly and adhoc requests from Local stakeholders, regional stakeholders, various reports to WPB business finance, INM Finance.

Accounting, Analysis, Reconciliation, Reporting and coordination

Expense line wise analysis and commentary, provision analysis, prepaid expense analysis, Impairment testing and analysis,

Lease accounting and analysis

Coordination with senior members from finance and business teams.

Preparation of GST and Direct tax working

Deferred Tax Accounting

Impact on the Business

Custodian of MIS : Ensure high quality of reporting to the Region / Group within the expected timelines. All the control activities in relation to the reporting are consistent with the Global AMG standard and practices. Appropriate mechanisms are in place to identify any weakness in the process and corrective actions should be implemented.

Decision support system : Drive accounting discipline / control. Create strong discipline within the finance department. Actively partnering with VP Finance in preparing and driving monthly financials for the business. Engage with the business teams in explaining the implications of incorrect reporting and ensure timely completion of the same.

Review of Financial reporting and process efficiencies

• Review and strengthen the financial reporting with timelines, recording and providing explanations for variance.
• Automation of processes in financial reporting.
• Tight monitoring of Seed capital investments in accordance with SEBI requirements.

Cost Saving Initiatives / Revenue generation initiatives

Analysis

FRP process

Group and BRCM audits

Metrics of measurement

Customers / Stakeholders

Business partnering : Assist VP Finance and AMIN CFP with corporate planning and development, like development of long term strategic plan, business segment evaluation, product evaluation etc. Preparation of qualitative and meaningful presentation for various senior visitors from the Region / Group. Assist VP Finance and CFO in managing the regulatory net worth of the business and help him in Capital planning and infusion as and when required. Any other adhoc assignment to facilitate VP Finance and CFO to present it to a larger audience (both internal and external)

Customer and stakeholders : Proactively manage the relationship with the key internal stakeholders to ensure that the operational requirements are met within the agreed timelines.

Segment Profitability Reporting, Branch And Product Profitability

Ensure that segment revenue & expenses are appropriately entered and reported between MF / PMS (EPFO) / Advisory mandates and also between Insti vs Wholesale.

New Product P&L

Metrics of measurement

Leadership & Teamwork

Self-Development, Teamwork and Training

Metrics of measurement

1 Timely completion of mandatory training.

Operational Effectiveness & Control

Achieve High Standards With Respect To Routine Processes

Automation : Drive the automation of financial process and systems. Ensure the department task are managed efficiently and supported by effective and efficient system. Revisiting various activities and if required discontinue and divert the resources for better value added activities.

Maintenance of Manuals and guidelines and ensure high standards of financial control : Drive and deliver updation of the relevant section of Local finance manual. Implement operational risk review observation, if any

Operational Risk : Implement operational risk review observation, if any

Metrics of measurement

Major Challenges

Role Context

Management of Risk

Observation Of Internal Controls (Compliance Policy / FIM Requirements)

Qualifications - Internal

Knowledge & Experience / Qualifications :

Eligibility Criteria

Useful Link

Link to Careers Site : Click HERE

You'll achieve more when you join HSBC.

HSBC is 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.

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Issued by HSBC Global Asset Management (India) Private Ltd

Skills Required

Internal Controls, Treasury Operations, Cash Flow Management, Variance Analysis, Financial Reporting, Reporting, Reconciliation, Lease Accounting, Accounting Analysis