HSBCEmployer profile

Vice President Regulatory Reporting

Location not specified · 3–5 yrs

Experience: 3–5 yrs
Salary: Not disclosed
Location: Location not specified
Work mode: Not specified
Job type: Full-time
Apply by: Closing date not listed
Posted: 12 Apr 24

About this role

Job Description

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some Careers Open More Doors Than Others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. 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.

Global Finance

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions

Principal Responsibilities

The VP regulatory reporting is a role within the regulatory reporting team of finance, which is responsible for preparation and initial review of various regulatory returns to be submitted to RBI to ensure compliance related to financial aspect.

The jobholder is expected to be aware of the RBI guidelines, regulations and various accounting standards and the constant changes to them. Key responsibilities include:

Responsible for compliance of BASEL requirement as specified by RBI and this requires coordination with Credit Services and Customer Groups.
To monitor the RWA’s as per PRA/HKMA standards as required. Understand these requirements and prepare the packs prepared for the RMWG
Identify opportunities to optimize capital usage to support business achieve optimal returns on regulatory capital investment
Support during RBI onsite inspection
Ability to understand RBI requirements (i.e interpretation and implementation of the requirements)
To ensure correct and timely preparation of capital related RBI returns
Archival and retrieval of information on time

Principal Accountabilities: Key activities and decision making areas

Impact on the Business

Assist SVP –Reg Reporting in highlighting to management, including ALCO and its sub-committees, the impact on business due to changes in capital related regulations.
Guidance on forecast capital adequacy position based on expected business performance and changes, to enable management to actively manage capital adequacy.
Preparing the returns to be submitted to RBI in line with RBI requirements/ guidelines
To conduct a first level review on certain returns and prepare some returns, which would be submitted to RBI
Meeting the deliverables on Automated Data Flow (ADF) project.

Customers / Stakeholders

Reserve Bank of India (RBI), India’s Central Bank
Business Group/ Functions
Statutory Auditors

Leadership & Teamwork

In this role, the job holder has primarily to do a lot of teamwork within the regulatory team, CAO team, finance team and outside finance with business/ functions to ensure compliance.

Operational Effectiveness & Control

Maintain HSBC internal control standards, implement and observe Group Compliance Policy and maintain awareness of operational risk and minimize the likelihood of it occurring
Ensure proper filing and archival of records so that the same are available to the inspectors and to the senior managers at the time of discussion
Look for opportunities for cycle time reduction and simplification

Requirements

3-5 years of work experience with an international bank.
Sound knowledge of RBI regulations.
Sound knowledge of BASEL rules governing Risk Weighted Asset calculations for HKMA and UK FSA reporting.
Strong communication and presentation skills.
Good understanding of banking business model and products, and the implications for regulatory reporting, compliance and capital management.
Good communication and presentation skills
Strong analytical and excel skills
Good interpersonal skills
Minimum Graduation or as required for the role, whichever is higher

Additional Information

As per the RBI mandated Capacity Building Certification Requirement for Bank, this role requires the candidate to have the required certification / equivalent qualification before the selection for the above role. Refer to RBI Mandated Capacity Building Policy on HR Direct

Useful Link

Link to Careers Site: Click HERE

You’ll achieve more at 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.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited, India

Skills

Legal